POL 3115 Study Guide - Final Guide: Dependency Theory, International Trade, Walt Whitman Rostow
14 Jul 2014
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Document Summary
Term conventionally referring to the predominantly post-colonial regions of africa, asia, latin. America and the caribbean, and the middle east, perceived to be poorer, less economically advanced, and less modern" than the developed. History of colonialism and decolonization (history of) authoritarianism/corruption. Understood in the 1960s as a process of political change associated with increasing equality, political system capability and differentiation of political roles and structures. Samuel p huntington"s term for democratization in the late twentieth century. Referring to the economic strategy of protecting the growth of manufacturing industry by reserving the home market for domestic producers ( infant industries"), through introducing barriers to imports. The term quickly became attached to the policy approach in the 1990s of the bretton woods institutions especially, namely the international monetary fund and world. The central elements are fiscal discipline, reorientation of public expenditures, tax reform, financial liberalization, openness to foreign direct investment, privatization, deregulation, and secure property rights.
