POLS 1090 Study Guide - Final Guide: International Financial Institutions, Global National, Government Debt

• School: York University
• Department: Political Science
• Course: POLS 1090
• Professor: Marc Weinstein

Document Summary

Exam notes (week 6 & 7 feb 26 & march 5 th ) development project (1945-1970) (1) during 1945 to 1970, nations become politically and economically dependent. In this process, they adopt the developmental project and the idea of growth and capitalism. The promise is that the core nations would improve economically. (2) the nations continue to build up their own industrial base, and the state itself exercises through its own industry (both their own nation and the colonialized nations). They also experience military expenditure and establish levels of protection. The nation state has control and it builds its public sector, therefore the state has power to control and manage its own economy. During the same time period, the development project highly depended on oil. (4) in order to industrialize, countries need to borrow money through direct foreign investment (imf and world bank, they provide the loans for industrialization).