UNIT 1: Globalisation adn dvelopment
Economic growth theory (keynesianism)
Talks about the positive role governments play in stimulating economic growth through investments
- focused on short term stabilization
Modernization theory
linear conception when countries move from traditional to modern society
- growth and development in some of them / still containing elements of past traditions
Walt Rostows stages of economic growth
- Traditional Society: Initial phase, static economy
- Preconditions: Industrial growth
- Take- off: manufacturing sector lifts away from the economic base
- The drive to maturity: industrial growth becomes sustainable
- The age of high mass consumption: econ growth has been sustainned for a sufficient amount of time
Structuralism
focuses on the structures of the international economy (case of latin America)
Dependency theory
Advanced nations continue to flourish at the expense of underdeveloped nations
- The north extracts wealth from the south
World systems theory
Possibility of countries to fall on an economic decline while others catch or overtake it
Neo-liberalism
based on the role between states and markets
- entrepreniourial freedom between the individual and society
Three waves of globalisation
- First wave: emergence of a global economy, growing international trade
- Second wave: Doubts about the real globality of the global economy (mainly concentrated trade in the west)
- Third wave: different perspectives, transformationalist approach, fluidity and negotiation on globalising processes
The Global digital divide
inequalities of access and usage of ICT's on an international scale
SDG's
goals to shape international development for the agenda 2030 (17 of them)
MDG's
Creates before the SDG's (8 goals)
- based on a dated approach to development
SDG's critical perspectives
- Too many goals
- Neglection to certain communities
- they dont adress poor countries indebtness
- ommission of environmental rights
- Too developed oriented
- Lack of reliability towards the data
- western "view" to reduce inequalities
PPP's
Public- Private partnerships within the role of development finance
Critics on PPP's
- oppotunity to use money development for profit
- are expensive
- based on complex agreements
- does not match the levels of acountability of the public sector