GGR341H1 Lecture Notes - Lecture 4: Bolivarian Revolution, Anti-Globalization Movement, Import Substitution Industrialization
Document Summary
Forms of land tenure mita forms of tribute distinct in inka - a day of labour to mining, slave labour force. Eras of economic development: modern/liberal period (1880s-1930s) Import substitution industrialization (isi) (1940s-1970s: neoliberalism (1980s-today, post-liberalism. Ideology that embraced in the period free market. Uneven circumstances countries with resources vs without, Paraguay, bolivia no access to the sea. Created dependency on other countries such as the us. Internal markets were irrelevant to multinationals: promoted highly uneven development patterns, workers had almost no rights no labour regulation, can impose any rights on workers. Unequal relationship market dominated by monopolies. Dependency made lac vulnerable to global events. Capacity to buy imports decreased: import substitution industrialization (1940s-1970s) How are we going to reduce dependencies on these countries. Foreign investment should be used for internal prosperity. Very successful in brazil, argentina, and mexico; less growth in smaller countries with no diversified economies. In three decades 25% urban to 75% urban.
