Mid Term 1 Flashcards
Politics
who gets what when and how
Western / non-Western dichotomy
Western = developed economy & democratic political system Non-Western = developing w/ non-democratic
The Bretton Woods system and institutions
Gold was tied to the US dollar (lead to the creation of the IMF and World Bank)
1944-1971
Types of development
Economic = income Social = health + education + ec Human = civil & political rights Sustainable = environment
Effect of colonial institutions on development
North = inclusive colonies, incentivise to live their South = extractive colonies, no mixing/rights to indigenous people
The Washington Consensus/neoliberalism
1980-2008
Public Budget Stabilization
Liberalize economy towards foreign capital
Secure property rights
Brings underdeveloped countries under the rule of developed countries
Modernization Theory
Industrialization, urbanization, wealth, & education
Dependency Theory
Get periphery countries to export, rebrand and sell back to those country
Brazilian development
Jair Bolsonaro = president Left-wing gov't Export dependent (beef & machinery)
Causes of Latin American Migration
Poverty
Drug wars 1980’s & 1990’s
Violence under Jacobo
US “Silenced” panama canal haters
Chinese Development
Belt and Road Initiative (BRI) - largest infrastructure project in history
Great Leap Forward (1950’s) criticisms lead to the Cultural Revolution (eliminate political opponents) (ends in 1976 w/ death of Mao)
9dash
9dash line
Since 1947 90% percent of territory in south china sea is claimed via china
Social Credit System
Chinese system (reward and punishment), ran by chinese gov’t
British colonialism in India
Large scale famine
Inter ethnic clashing
India = 2nd largest econ pre britain
Economic stagnation
Gandhi and nonviolent resistance
Salt March because of british salt tax
