PSC 1003; Lecture 14
PSC 1003; Lecture 14 PSC 1003
Popular in Introduction to International Politics
Popular in Political Science
This 2 page Class Notes was uploaded by Eleanor Parry on Friday February 12, 2016. The Class Notes belongs to PSC 1003 at George Washington University taught by Farrell, H in Fall 2015. Since its upload, it has received 13 views. For similar materials see Introduction to International Politics in Political Science at George Washington University.
Reviews for PSC 1003; Lecture 14
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 02/12/16
Controversies Over Development Current Development Debates Key Disagreements over economic development 1. The Role of Aid A. One key to path to economic development 2. The role of globalization. A. Another plausible road to development 3. Current policy options to respond to these questions. Easterly - Was development aid a waste of time? • Argues that economists and institutions have been trying to fix aid for decades without success. • If something doesn't work - try to add something new... ◦ Old style focus on big projects. ◦ Newer focus on Washington Consensus. ◦ Newer still focus on 'governance' issues. Easterly's Skepticism • Basic Claims ◦ We don't know why some countries grow, while other countries don't despite decades of speculation. ◦ Economists as experts - not so much. ◦ Aid may worsen democracy, bureaucratic quality rule of law and corruption. ‣ Provides problematic incentives for government and other actors ‣ Aid economy. ◦ No accountability or feedback from the poor Possible Policy Lessons • Move away from current cumulative approach (keep old wisdom but try to fix by adding something new). • Refrain from efforts to micromanage institutions and transform societies • Instead focus on very basic benefits that everyone might agree on. • Enable experimentalism. Rodrik - Problems of Globalization • Debates on globalization have suggested there an obvious path to economic development. • Globalization = economic openness. ◦ Benefits of free trade. ◦ Benefits of capital mobility. ◦ Benefits of limited role for government. ◦ Benefits of greater intellectual exchange. • Globalization should leave states better off. Second Generation Argument • It becomes clear the globalization is not unalloyed benefit for everyone. ◦ Distributional questions. ◦ Groups that are hurt in advanced industrialized democracies. ◦ Groups that are hurt in developing world. • All lead substantial political opposition to globalization (much of it centered in the developed world) New Approach to Globalization • New problems recognize these political problems. ◦ Advocate paying off of the groups that are hurt. ◦ Social safety net. ◦ Higher standards • Would potentially create new political coalitions • Allow globalization and open markets to continue to everyones benefit • Sweden Model Rodrik's Rejoinder • Benefits of increased openness are limited. ◦ Mexico or El salvador vs Vietnam • We have probably gotten most of the benefits that we could get without politically impossible reforms. ◦ Deep Globalization - harmonization of regulation. ◦ Substantial immigration reform.
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'