POLS 2950 Study Guide - Final Guide: Planned Economy, Party System, Ethnic Nationalism

• School: York University
• Department: Political Science
• Course: POLS 2950
• Professor: Simone Bohn

Document Summary

Looking at waves of development theory post wii. We need a meritocracy-> groups of people who regulate, meaning they are outside competition (3 rd wave) Isi- import substitution industrialization- 1st wave of development theory. Rent seeking- the state uses their unique position to squeeze as much money from the firms through their political space/land. Embedded autonomy- relationship between state and economy as meritocracy and if the need be, the state will make decisions for the whole. The firms would agree because they have trust together. They have trust together with the capitalist firms though isi ex japan. Industrialize agriculture and provide needed infrastructure -> self providing government relying on trade. Strong stable markets -> raise tariffs on imports so that locals will purchase local industry -> cost effectiveness. Critique of isi (import substitution industrialization)-> laisse affair -> rational choice theory (rct)