Term
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Definition
implies a state (government) that actively intervenes in the economy to provide public goods, build infrastructure, foster economic development, and redistribute wealth
Developmental state = OPPOSITE of market fundamentalism |
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Term
| Developmental State (continued) |
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Definition
- Possesses "embedded autonomy"
- Not captured by special interest groups
- Not yet fully autonomous |
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Term
| Predatory States and the Resource Curse |
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Definition
Paul Collier ("The Bottom Billion"): govts/multinational corporations, militias of resource-rich countries are able to exploit their own people and extract resources for personal gains
- "Diamonds ($$$) are a guerilla's best friend |
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Term
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Definition
(Anomaly to resource curse)
- Chavez: petro-socialism system --> profits from oil are used to alleviate poverty, distrbuted widely
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Term
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Definition
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Term
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Definition
- Use oil revenues to finance education, housing, food, health programs for poor
- Subsidized oil and gas to many Latin American countries
Can these systems last??? |
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Term
| Petro-socialism / Petro-dictatorship |
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Definition
- Monopoly on Venezuelan oil gives Chavez complete control over allocations of profit
- Allows him to impact well-being of many people through control of the social programs
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Term
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Definition
| - Chavez serves the poor but poor are fully dependant on him! |
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Term
| Conditional Cash Transfer Programs (CCTs) |
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Definition
(developed in MEX & BRA)
- WB: CCTS = "programs that transfer cash generally to poor households, on the condition that those households make prespecified investments in the human capital of children"
- Empasis on careful targeting of poor households
- Highly centralized, authorized and issued by government
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Term
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Definition
| idea that human life has worth/value |
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Term
| CCT "new social contract" |
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Definition
- social contract btwn state and poor people
- promotes "co-responsibility" (i.e. social programs have conditions attached)
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Term
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Definition
- "latest poverty panacea"
- Shifted World Bank discourse toward social protection
and the role of the state |
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Term
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Definition
- "paying for good behavior"
-trying to change the poor's behavior, hoping that will help alleviate poverty if the poor act differently |
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Term
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Definition
| - emphasis on social protection and human development |
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Term
| China: Market Socialism and Struggles over Labor and Land |
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Definition
Socialist economy ---> "market socialism"
- creation of "zones of exception" such as Special Administrative Regions (Hong Kong) & Special Economic Zones (SEZ) -- eg. Shenzhen
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Term
| Special Economic Zones (SEZ) |
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Definition
- Chinese state owns land but allows state-owned enterprises to lease land at market price to foreign investors
- Profits are invested in local infrastructure
- SEZ have attracted HUGE amounts of foreign investment |
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Term
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Definition
- Really cheap labor (young, rural women) w/o benefits or unions earn much less than their urban counterparts
- SEZ have coveted jobs
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