GS101 Lecture Notes - Import Substitution Industrialization, Washington Consensus, Conditionality
Document Summary
What happened: how to explain second great divergence. Inequality and underdevelopment: undeveloped countries that were successful had larger unequal population countries such as mexico, colombia, and brazil. Initial land distribution and growth, the countries that were more successful capitalist society from rural : autonomous versus oligarchic states. Land and state autonomy we have states that are not controlled by different segments of society such as in south america: public investment and education. National versus elite priorities: the role of the united states. The cold war effect- usa supported land reform in east asia, due to immediate threat of communism supported more radical in asia but in latin america opposed radical movement. Why is democracy has not produced, economic development has created democracy. The fall of isi and the neoliberal critique. Why did isi fail (import substitution industrialization) policy of meaning you have to enforce production by denying imports.