IRG 320F Lecture Notes - Lecture 2: Washington Consensus, Mexican Peso Crisis, 1997 Asian Financial Crisis

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Critical reading questions: review from previous slideshows. Literature review deadlines: feb 25: first draft (5 pages, bibliography, apr 14: final draft (10 pages, bibliography) Stages of the process: choose a topic. What are scholars researching? (look towards an x studies journal) Hot topics in the news about your region: wsj, nyt, financial times, foreign policy/affairs, economist, using the library resources, find articles about your topic. Put the pieces together to generate something new: read 10 articles about your topic, synthesize the material. Post ww2, question about how to address growth and development, especially in stagnant poorer countries. Underdevelopment was explained by the need for capital/investment. Govt. and international lenders could provide this capital. Channeling investment into industries, protect infant industries with barriers. Active role that can be taken by govt. , and lenders to provide capital for this growth. Isi protected against imports, other groups also lent money to invest in under developing countries to encourage development: neoliberalism.

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