1.3 Flashcards
Who’s model of development do we use?
Rostow’s Model of Development
What area was hostile to Russia after WW2?
Europe
What did Russia compete against the west for?
Space Race and Nuclear Power
Where was communism promoted??
Angola and South Africa
Who took over Russia after Stalin
Gorbachev
What did Gorbachev encourage?
High productivity and there were targets set for skills.
What went wrong in Gorbachev’s control?
Economic stagnation and discontent
What was Gorbachev’s main policy themes?
Perestroika – privatisation of companies, and people allowed to keep their personal wealth
Glasnost – greater freedom of speech, creation of 2 political parties with calls for nationalism
Boris Yeltsin jumped on the ‘_____ _____’ bandwagon that got rid of Gorbachev
‘political opportunism’
What did political opportunism do?
Accelerated privatisation, but also auctioned off the oil industry to KGB friends
What did state subsidies do to investment and production?
State subsidies meant that overall 80% decline in investment and 50% decline in production
What did Boris Yeltsin overall create?
Mass unemployment
What is the Modernisation Theory?
Modernisation theory is a theory used to explain the process of modernisation that a nation goes through as it transitions from a traditional society to a modern one.
Which countries did America invest in that were on the edge of communism?
America invested in South Korea / Vietnam / Malaysia
How did Modernisation work for the IMF?
Stabilises currencies, fund to help
Top rich 21 countries provide money, and control 70% of votes for where it goes
American and EU policy reflected in which countries were helped