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IDSB04H3 (48)
Midterm

midterm notes

7 Pages
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Department
International Development Studies
Course Code
IDSB04H3
Professor
Maliha Chishti

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WEEK 1
Development as an institutional apparatus:
Intl financial institutions eg IMF, world bank
Intl NGOs eg amnesty intk
UN-multilateral organization eg unicef, FAO and government-CIDA/USAID;bilateral
agency
Multilateral: independent states that work with organizations but are validated in states.
Modernity is fundamentally shifting cultural traditions to modern ones to achieve
development.
Traditions:
1) Public to private (land/ownership): move yourself from your communal identity
to your ownself b.c development is about individual growth.
2) Families(organization based on ethnicity):state development wants you to remove
your allegiance to families to allegiance to states.
3) Myth/superstition: logic; promote rational actors and have allegiance to states but
do not compete with states
WEEK 2
Development was borned on jan 20, 1949 when president Truman gave his inauguration
speech,US borne policy and aid was going to spread US policies in the world i.e.
capitalism and freedom
The Oil crisis
In 1960, US had a national deficit; they printed more US $ and so the value of US $
depreciated.So, the OPEC came together b.c the profit they earn is less now since they
trade in US 4 so they say the value of US 4 is plummeting and we are hiking the price of
oil.there is chaos now and everyone needs oil; they have a lot of cash and this money was
called petro $. Sl they put money in western banks which lend this money out and so
interest rate decreases.so for the first time, private banks lend money to governemtns and
to 3rd world countries bcz there was a lot of money available.everybody was asking for
money and easily getting it.at a global lever, western private banks started to get into
development by landing money to 3rd world countries which earlier was suppose to be
risky so now this money went and disparity increases between the haves and the haves
not.
In 1973-1982, loans skyrocketed.Mexico in 1982 stepped up and defaulted its loan saying
we cant pay so now came a major cure that came fully in 80s and 90s i.e. SAPs-strutural
adjustment programs-earn forign current to pay debt/ repay currency i.e. by trade eg
natural resources; these programs were neoliberal designs and there were 3 conditions to
it:
www.notesolution.com
1) austerity measures- structural policeies urged govts to spend less on health and
education; to roll back on excess spending and make users pay for these services
2) structural policies wanted to promote economy by devaluing currency and move
from subsitence to cash crops.
3) Promote privatization to promote intl development in that countryl deregulation
Intl development aid: transfer of money, good, resources and services from rich to poor
countries,2 criterias to be considered for foreing aid:
1) should be non commercial from the donors
2) should be concessional so the interest POV payment is less
foreign aid is divided into:
1) public development assistance: IMF and world bank
2) private development assistance: private non governmental organization (NGOs)
WEEK 3
Assumptions on enlightenement/modernity
1) universal humanity: every individual is capable of infnite perfaectability by
acquiring the status/ capacities of rational thought; right social and political
conditions are needed to facilitate human perfection and emancipate ind.from the
tyranny of traditional/backwardness and religious authority
2) liberation of individual: focus on ind.performaning on their highest level b.c then
those individuals would form communites; freedoml self governance( no reliance
on kings/gods)
3) reason is saddled with with the universal rinciples of liberty, equality, freedom
and justice for all.these are values that need to be promoted around the world.;
enlightenment is a global mission.
4) There is a common and universal rational civilation that all people/cultures must
be influenced towards reaching
5) Concept of society and social reality as transparent, scientifically observable and
determined by historical forces; we can treat everything so don’t worry we will
get there
6) Economic liberalism enables political and social freedoms and is premised on
removing all obstacles/hindrances to the the economica actions of indiviuals; if
I’m poor and I work hard, I will do it
7) The highest rationality is expressed thru the state.the state must act to liberate the
ind. And is charged on with the task of ordering and legislatins and governing the
population based on reason.
Enlightenment thought that when traditional authority of kings was removed,
what replaced it to achieve order and regulation in state was a legal, rational
judiciary needed as an apparatus for rights to be enforced.
www.notesolution.com

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Description
WEEK 1 Development as an institutional apparatus: Intl financial institutions eg IMF, world bank Intl NGOs eg amnesty intk UN-multilateral organization eg unicef, FAO and government-CIDAUSAID;bilateral agency Multilateral: independent states that work with organizations but are validated in states. Modernity is fundamentally shifting cultural traditions to modern ones to achieve development. Traditions: 1) Public to private (landownership): move yourself from your communal identity to your ownself b.c development is about individual growth. 2) Families(organization based on ethnicity):state development wants you to remove your allegiance to families to allegiance to states. 3) Mythsuperstition: logic; promote rational actors and have allegiance to states but do not compete with states WEEK 2 Development was borned on jan 20, 1949 when president Truman gave his inauguration speech, US borne policy and aid was going to spread US policies in the world i.e. capitalism and freedom The Oil crisis In 1960, US had a national deficit; they printed more US $ and so the value of US $ depreciated.So, the OPEC came together b.c the profit they earn is less now since they trade in US 4 so they say the value of US 4 is plummeting and we are hiking the price of oil.there is chaos now and everyone needs oil; they have a lot of cash and this money was called petro $. Sl they put money in western banks which lend this money out and so interest rate decreases.so for the first time, private banks lend money to governemtns and rd to 3 world countries bcz there was a lot of money available.everybody was asking for money and easily getting it.at a global lever, western private banks started to get into development by landing money to 3 world countries which earlier was suppose to be risky so now this money went and disparity increases between the haves and the haves not. In 1973-1982, loans skyrocketed.Mexico in 1982 stepped up and defaulted its loan saying we cant pay so now came a major cure that came fully in 80s and 90s i.e. SAPs-strutural adjustment programs-earn forign current to pay debt repay currency i.e. by trade eg natural resources; these programs were neoliberal designs and there were 3 conditions to it: www.notesolution.com
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