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international busniss
- 1. Lecture II: Country Factors
- 14. Lecture II: Determinants of Economic Development
Notes de l'éditeur
- Read article: http://www.economist.com/books/displayStory.cfm?story_id=13055964&source=hptextfeature - Anatomy of an Idea
- exploitation of one class by another are the motivating forces behind all historical developments. Class relationships are defined by an era’s means of production. Eventually these relationships cease to be compatible with the developing forces of productions At this point, revolution occurs and a new ‘ruling class’ emerges. modern industrial society conflict between ‘bourgeoisie’ and ‘proletariat’. Proletariat will lead a revolution. in past revolutions, private property was reallocated in favor of a new class. proletariat, due to the nature of their class, have no way to appropriate private property. - thus when proletariat obtain control, they will destroy all ownership of private property and classes themselves will disappear. = = = Bourgeoisie are owners of means of production ( physical instruments of production like tools and machines, as well as methods of working such as skills, forms of cooperation, division of labor etc., and knowledge that can be applied to production like science) Those who sell their own labor to survive as they do not own means of production
- exploitation of one class by another are the motivating forces behind all historical developments. Class relationships are defined by an era’s means of production. Eventually these relationships cease to be compatible with the developing forces of productions At this point, revolution occurs and a new ‘ruling class’ emerges. modern industrial society conflict between ‘bourgeoisie’ and ‘proletariat’. Proletariat will lead a revolution. in past revolutions, private property was reallocated in favor of a new class. proletariat, due to the nature of their class, have no way to appropriate private property. - thus when proletariat obtain control, they will destroy all ownership of private property and classes themselves will disappear. = = = Bourgeoisie are owners of means of production ( physical instruments of production like tools and machines, as well as methods of working such as skills, forms of cooperation, division of labor etc., and knowledge that can be applied to production like science) Those who sell their own labor to survive as they do not own means of production
- - Discuss Articles of “Economic Nationalism” here – urge to keep JOBS and CAPITAL at home is centerpiece of this.
- Using GNP or PPP is sometimes not enough Need better indicators to measure development
- A) Toys R Us strategy – large warehouse-style toy stores plus heavy advertising FEDEX – strategy of centralized hub B) Economic freedom – this allows for innovations C) Since most property rights are informal, these assets cannot be converted into capital for investment D) Is dictatorial system better than democracy?
- Over 50% of the world now lives under democratic government Are democracies better? Are dictator ships better? Why is one better then a the other? What is better for Pakistan? Why?
- Over 50% of the world now lives under democratic government Are democracies better? Are dictator ships better? Why is one better then a the other? What is better for Pakistan? Why?
- Conflicts between Islam and West and West and China Fukayama on the other hand argues that we may be facing “the end point of mankind’s ideological evolution and the universalizatioin of western liberal democracy as the final form of human government” (ask questions on both Huntington and Fukayama).
- Desire to keep JOBS and CAPITAL at home See next slide That voices of reason (pro commercialism) will be drowned out by ‘economic nationalists’ (world trade may shrink for first time since 1982) Other nations would also raise tariffs.
- Europe: Free markets – (rampant markets) – in europe word is used in economic context America: Moral context – ‘godless, amoral, tax-happy’