SOC101Y1 Chapter Notes -Jared Diamond, Washington Consensus, Neoliberalism
Document Summary
Two main factors motivated development after ww2: 1) competition between us and. Soviets to gain more power and control over less developed countries 2) us was interested in new markets outside their traditional spheres of business operation. Why we should care about development: 1) morality and social justice 2) self-interest and need for security. Mcclelland: introduced the modernization theory that emphasizes the importance of values and norms as drivers of development, the importance of entrepreneurship and the desire for feelings of accomplishment and personal satisfaction. Global inequality results from lack of capital, western business techniques, stable governments and a western mentality emphasizing savings, investment, innovation, education, high achievement and self-control in having children. Neo-colonialism established by creating a system of dependency involving three main elements: substantial foreign investment, support for authoritarian governments and mounting debt. Wallerstein: core is major sources of capital and technology (usa, japan, germany),
