POLISCI 121 Lecture Notes - Lecture 22: Washington Consensus, Dependency Theory, Neoliberalism
28 Jun 2015
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Document Summary
Capitalism is very productive yet it distributes most of the wealth to the top 1%. 19th century rich countries were 3x richer than poor. Tremendous economic growth as years go by but its causing a bigger and bigger gap between the rich and the poor. Market capitalism does not see that as a problem because they only cares about economic growth. Dependency theory continue growth but growing inequality. Business people do not want to see government create jobs, they want to see businesses create jobs which produces growth. Linkages in liberalism and linkages in market capitalism are all held voluntarily. Rich dominant states do not voluntarily link themselves to dependent states. It is possible positive economic growth as well as growing inequality. Dominant states look for cheaper labor, cheaper raw materials, cheaper lodging. this. In dependency theory there is an elite (comprador classes) within the poor countries. countries.
