Class 15 Under-Development

Question 1

what are the southern nation development strategies

Answer 1

1.delink: from some international economic aspect.
2.change: the economic system
3.intergration: policies that are suppose to maximize the benefits.

Question 2

the problem between first and third world systematic maldistribution has begun when ?

Answer 2

after the collapse of feudalism

Question 3

what are core areas

Answer 3

they are strong bureaucracies for capitalist landowner and merchant allies.

Question 4

what are peripheral areas:

Answer 4

they are the capitalist owners that want open access to maximize profit

Question 5

what does the semi-periphery does

Answer 5

it keep the capitalist world from polarizing and becoming politically unstable.
ex;South Korea’s Economic Development (20th Century) South Korea provides an example of a semi-peripheral nation that effectively transformed from a less developed state to a major player in the global economy. In the mid-20th century, South Korea was largely agrarian and impoverished. However, through strategic industrialization policies, investments in education, and global trade partnerships, South Korea became a significant economic force.

Question 6

what are the different stages the world economic travels through

Answer 6

1.qualitative change in the predominant capitalism
2.geographic increase in nb of participant in economic system
3. each state has particular role (semi-peripheral, peripheral, core)

Question 7

what is a core state, a peripheral state, and semi-peripheral

Answer 7

1.core state, USA
2.semi-peripheral South Korea
3.peripheral state Mali

Question 8

what are the four stages of world capitalism

Answer 8

1. agricultural capitalism (dominated by Portuguese, Spanish, Dutch)
2. Wide Fecession 1650-1730 (French, English, Dutch)
3. Industrial Capitalism (British)
4. Consolidation of industrial Capitalism

Question 9

what are the 3 assumption of liberal development

Answer 9

1. trade permit comparative advantage
2. higher productivity encourages foreign direct investment
3. Foreign aid assists in funding projects

Question 10

What are 3 solution to obtain redistribution in liberal development

Answer 10

1. anti-trust legislation to remove monopolies
2. reductions of tariffs to encourage trade
3. privatization state enterprises to remove state distortions

Question 11

problems in liberal development

Answer 11

1. some cases no comparative advantage
2. state ,aged exports strategies are not free market
3. trade depend on factors that may not be available such as health

Question 12

what are the assumptions of marxsims

Answer 12

1. extraction of profit due to free flow
2. monopolies dominate trade structures
3. profit back to investing state

Question 13

problem with marxism

Answer 13

1.undervedellopt state do not matter
2. economic states that are developt absorb their economic surplus
3. investment surplus is minor in developing world in term of significance
4. foreign policy corner over rule multinationals industries

Question 14

structuralist assumption

Answer 14

1. trade not engine of growth
   2.internation compedition reduce profit export
2. increased cost of manufactured goods
3. export economies are actually isolated
4. investment avoids underdeveloped state
   ex: North Korea

Question 15

what are the solutions to obtain redistribution in structuralism

Answer 15

1.import-substituting industrialization
2. reduce trade barriers by south-south trade
population control, reduction of population growth

Question 16

what did O_Donnell Bureaucratic Authoriatarian State rely on?

Answer 16

import-substition industrialization
exuberant; Brazil during military dictatorship