Readings

Question 1

What is ‘green growth’?

Answer 1

suggests that technological advancements and incentives can allow for economic growth while reducing impact on the natural world

Question 2

Why is ‘green growth’ based on wishful thinking and not on evidence?

Answer 2

evidence suggests that absolute decoupling of GDP from resource use is not achievable on a global scale.

Optimistic assumptions about resource efficiency and technological innovation still result in increased resource consumption by 2050, well beyond sustainable levels.

Question 3

what is needed to avert ecological collpase?

Answer 3

Need for a paradigm shift:

moving away from the goal of economic growth and prioritizing sustainable practices that respect planetary boundaries.

Question 4

what is the regular discourse of development

Answer 4

It allerts the role of external powers in constructing development in developing nations

Question 5

Why is the regular discourse of development problematic

Answer 5

removes autonomy from developing countries,
makes them passive recipients to western policies

Question 6

What is a threat to human wellbeing in the developing world?

Answer 6

Globalization

• Economic inequality
• Exploitation of labor
• Environmental degradation
• Dependency on foreign aid and markets

Question 7

Why are the markets not sufficient to produce social benefits (shift away from the liberalist triumps)

Answer 7

Market tends to lead d to underinvestment in areas such as
- public health
- disease prevention
- renewable energy
- worker productivity

Question 8

How does hyperglobalization undermine democracy and what should the focus of globalization be on instead

Answer 8

“hyperglobalization,” undermines democracy by deepening economic and cultural divisions and creating hostility towards outsiders.

It emphasizes the need for a more moderate and balanced approach to globalization, one that respects national autonomy and prioritizes domestic policy making.

Question 9

What are two emerging economic-policy frameworks to adress social equity and environmental protection adequately?

Answer 9

• productivism: emphasizes governments’ role in addressing inequality and public health while supporting an open world economy

-hyper-realism, which views economic relations between major powers as a zero-sum game.

Question 10

What is Bhambra’s main argument?

Answer 10

Bhambra’s stages emphasize the continuity of colonialism and its impact on capitalism over time, rather than seeing capitalism as a series of distinct stages

Question 11

What is the Economic Nationalist Perspective?

Answer 11

• Focuses on the role of the state and the importance of power
• Views economic relations between states as a zero-sum game.
• Prioritizes the interest of the state over everything
• Believes economic policy should be used to build a more powerful state.
  (REALISM)

Question 12

What is the Liberal Perspective?

Answer 12

• Emphasizes the role of individuals, firms, and markets in the global economy.
• market as the center of economic life.
• Advocates for free trade, open markets, and minimal intervention in the economy.