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    PI490 Note

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    oakapivut2000
    The document summarizes key concepts and challenges related to development economics discussed by the Chicago Boys and other theorists: - Political instability, weak institutions, threats of communism, low economic output, corruption, and inefficient industries were some of the problems facing developing economies in the 1950s-1970s. - Dependency theory holds that developing countries are held back by core countries through mechanisms like unequal trade terms and colonialism that make their situations worse over time. - International financial institutions like the World Bank and ADB aim to promote development but their policies and approaches have also faced criticism for not always benefiting local populations or being sustainable.

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    PI490 Note

    Uploaded by

    oakapivut2000
    6 views4 pages
    The document summarizes key concepts and challenges related to development economics discussed by the Chicago Boys and other theorists: - Political instability, weak institutions, threats of communism, low economic output, corruption, and inefficient industries were some of the problems facing developing economies in the 1950s-1970s. - Dependency theory holds that developing countries are held back by core countries through mechanisms like unequal trade terms and colonialism that make their situations worse over time. - International financial institutions like the World Bank and ADB aim to promote development but their policies and approaches have also faced criticism for not always benefiting local populations or being sustainable.

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    The document summarizes key concepts and challenges related to development economics discussed by the Chicago Boys and other theorists: - Political instability, weak institutions, threats of communism, low economic output, corruption, and inefficient industries were some of the problems facing developing economies in the 1950s-1970s. - Dependency theory holds that developing countries are held back by core countries through mechanisms like unequal trade terms and colonialism that make their situations worse over time. - International financial institutions like the World Bank and ADB aim to promote development but their policies and approaches have also faced criticism for not always benefiting local populations or being sustainable.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views4 pages

    PI490 Note

    Uploaded by

    oakapivut2000
    The document summarizes key concepts and challenges related to development economics discussed by the Chicago Boys and other theorists: - Political instability, weak institutions, threats of communism, low economic output, corruption, and inefficient industries were some of the problems facing developing economies in the 1950s-1970s. - Dependency theory holds that developing countries are held back by core countries through mechanisms like unequal trade terms and colonialism that make their situations worse over time. - International financial institutions like the World Bank and ADB aim to promote development but their policies and approaches have also faced criticism for not always benefiting local populations or being sustainable.

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    of 4

    Week 3

    Chicago Boys
    -

    Development as a series of problems - some economy slow than we hope, del is hard
    Political Instability
    ● Weak institutions
    Threat of communism
    Low economic pouput
    Corruption
    Inefficient ind
    Inflation/ stagflation - high unemployment

    Fix the price for consumers -

    Developement Economics
    If the state can produce 2 goods, it is the good manner to 1.produce only the best product for
    the state to get the most efficient , benefit to trade 2. Import the goods

    Raul Prebisch - del state automatically ,


    Raw mate is cheaper, export lot of rice to afford, it’s not fair to trade like this.
    Ex. German is wellknown in car indusralisation, Rise Taxes on aboard (German) car, so Thai car
    will be more expensive.

    Core - West
    High-cost consumers goods -
    Cheap labour raw materials -

    ISI
    - Problem - not advance becaz we import

    1950s Development Economics


    ● Focus on export to creeat state revenue

    Problem of Neo-Lib
    Washington Consensus
    - Dollar rise persuade FDI
    - Privatization
    - Dereugatio \
    4 effect
    Free Trade - NAFTA, APEC
    Economy enhancement
    Market oriented lead to privatization
    Lower interest rates

    31 Jan 2023
    Dependency Theory
    Holding the periphery country back from the core country ex. Cuba dus tothe communist gov
    Basic claim
    Cheap Nature - global south , coloniser used the division rule . The process is making worse.
    Ex. Myanmar

    Non-European world developed

    Dependency theory in Latin America

    Enclave economies - depend on the core

    21 Mar
    The policy should be the center from the people.
    Should consult the benefit snd drawback
    A human rights based approach
    Non-discrimination
    Equality
    Equality vs Non-discrimination.
    Economic surplus n
    International financial institution = World Bank ADB
    The state as a shareholder

    4 Apr 2023
    Problem of development
    The most important principle of being sustainable is to have a cycle reus eof development.
    Moreover, SDG Goals are the tactics to follow the goal of sustainable developmen. Education to
    the people may help the people to realise tne way to improve the socite in the practical way.

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