Developmental theories of World War II era

Over the last couple of weeks we’ve looked at significant changes in the international political economy with the traditional centers of industry and power, North America, Europe, and Japan having to compete and contend with emerging markets, e.g., China, India, and Brazil. In terms of the future of economic leadership, what are your predictions? Do you see continued Western (and Japanese) dominance or will we shift to a new global balance?

quiz From the Readings

  1. Although the post World War II era witnessed increased industrialization and prosperity for some parts of the world, i.e., North America, Europe, Japan, and parts of the Pacific Rim, much of the world remained poor and underdeveloped. The relationship between the so-called global North and global South (or First World and Third World) was and continues to be complex and in many ways exploitative. Describe some aspects of this relationship and its consequences, especially for the developing world (see Stearns Chapter 13).
  2. By the 1970s both the United States and the Soviet Union (along with its East European satellites) were experiencing severe economic challenges, but for different reasons. Outline these respective reasons and the outcomes, i.e., what changes occurred in the US and in the Soviet Union and Eastern Europe in the 1980s (See Stearns Chapter 14)?

From the Lecture

  1. What are some factors that explain why some countries are rich and what are some factors that explain why some countries are poor?
  2. Compare and contrast two theories of development.

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