MARXIST THEORY AND OTHER ECONOMICAL THEORIES Flashcards
Who came up with Marxist theory?
Karl Marx
What are the core tenets of Marxism? (HTSP)
Historical materialism
Totality - political, economic and social
Social forces and structure
Power - in terms of economic and social relations
What did Lenin claim to be the highest stage of capitalism in 1919?
Imperialism.
What did the “NEO-MARXIST” point of view shift?
Shifted the focus from means of production to relations and trade or the role of culture in maintaining power relations.
What does ISI stand for? Is it effective?
ISI stands for Import substitution industry and is for the most part, not historically effective.
What is the difference between World systems theory and Dependency theory?
World system theory tends to focus on the macroeconomics of the international system.
What do Dependency and world systems theories understand International relations as?
As a global north and global south that have unequal relations of production and trade.
What is the Global North referred to as?
The core
What is the global south referred to as?
The periphary
What uneven types of relationships and their effects does the NEO-GRAMSCIAN theory look at?
It examines the uneven relationship between states in the global political economy and how they are legitimized by states and institutions
What role do the Gramscians emphasize?
The role of ideology, and how culture/ideas maintain unequal power relations
Name three Developing world theories.
Modernization theory
Globalization theory
Dependency theory
