IDSA01H3 Chapter Notes -Scottish Enlightenment, Saint-Simonianism, Sustainable Development
23 Dec 2014
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Week 2: william easterly- the ideology of development: criticizes the developmentalists/ donor institutions like the imf/wb/ngos. Suggesting there is only one correct answer for everyone from a general theory that applys to everyone everywhere. Development: since free markets failed, other old ideologies are looking appealing to these countries. i. e old political regimes. Imf and wb- saps failed- nicaragua"s old leader is back in power^ Imf- argentine financial crisis (2001) chavez ideologies are welcomed: saps failures! Zimbabwe 8 saps failures helped robert mugabe launch a counter attack on democracy- he is still in power: easterly vs. sachs. Easterly says sachs" application of shock thereapy to the former soviet union has created lasting nostaligia for communism . In middle east- failed saps produced sero per capita growth and helped to create a breeding ground for islamic fundamentalism: easterly thus says that free markets and the bretton. Woods institutions (imf, wb, =saps) are not benefical for.
