Final Exam Flashcards
state owned enterprises??
they fill in the gaps and failures within the system and make up that come from capital.
what is your thesis?
the state must take in a large role in order to move up in the economy because of how exploited the global trading system is.
how do you break out of the dependency world system theory?
Import substitution industrialization. (ISI)
what is Import Substitution Industrialization?
an effort by a state to encourage the value of goods and services.
How is the ISI used?
5 steps, followed by reducing tariffs and letting competitors in.
increase import duties, decrease import duties, aid your companies, develop national champions and SOE.
Marxism??
importance because it is not a liberal perspective but a systemic perspective.
Industrial Revolution??
destroyed marxism. went from specialist to generalist.
why is marxism bad?
exploits its workers because the capitalist takes the surplus value.
magna carta??
basis for written laws and constitutions. King became bound to laws.
the reformation??
Martin Luther said that everyone could have a relationship with God without the church, this was the beginning of liberalist perspective.
dependency ratios??
too many old people, not enough young that are working to support.
