POLI 3424 Lecture Notes - Lecture 11: Neocolonialism, Debt Crisis, Capital Market
11 Nov 2020
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Document Summary
Even without colonization, we see dependency and exploitation. Steady increase in trade w/ and capital flows from the. Strict limits against most manufactured imports and capital inflows to foster industrialization (importing cheaper things from less developed countries) Trade and capital market liberalization to reinvigorate exposure to the global economy. Goods and services (trade) - when we see cheaper transportation, it"s easier to trade. People (migration) - people moving from countries where they can"t make enough money to countries where they can make more money. Or countries that have more of a demand for labor. ***to have a fully globalized system, you need all three of these. All of this comes to a halt with wwi. Demand for labor and raw materials went away. No longer want to be the countries that are only producing raw materials. When thinking about your country, think about to what extent they adopted the policies. Replace foreign goods with domestic goods (adopt protectionist measures)
