4/21/15 Lecture Notes
4/21/15 Lecture Notes POLISCI 121
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This 1 page Class Notes was uploaded by Linda Jiang on Saturday April 25, 2015. The Class Notes belongs to POLISCI 121 at University of Massachusetts taught by Vincent Ferraro in Spring2015. Since its upload, it has received 217 views. For similar materials see World Politics in Political Science at University of Massachusetts.
Reviews for 4/21/15 Lecture Notes
Eugh...this class is soo hard! I'm so glad that you'll be posting notes this semester.
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Date Created: 04/25/15
42115 Economic Activity 0 Neoliberalism Washington consensus Austerity o classical approach to market capitalism I balance budget avoid debt 0 Business climate comes first 0 Dependency Theory 0 Involuntary linkage between rich and dependent poor countries 0 Increase economic growth I Simultaneously increasing inequality 0 Elite comprador class 0 1 Underdevelopment not undeveloped I lmperial power defines the terms in which economic power is controlled I Benefits of large economic activity is flowing outside instead of inside your country I Allowing your resources to benefit an outside country 0 2 Poor countries are not behind nor are they poor because they lack expertise I The Green Revolution 0 designed to increase agricultural activity in poor countries 0 giving poor countries tractors seeds irrigation techniques in order to grow more food 0 Have to get rid of small farmers in order to create large farms 0 A small number of farmers can create large amounts of crops 0 However a large number of people are starving because they can t grow their own food anymore I Rich countries use technology to substitute for labor 0 3 Dependency theory posits an alternative allocation of resources based upon the needs of a population 0 4 There is a belief that each nation has a clear national economic interest I Trying to determine what is best for the country 0 5 Depending relationships are a function of power I
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