Prepared By Prof Alvin So1 SOSC 188 Lecture 15 The Globalization Project (I): Emergence

Prepared By Prof Alvin So2 Developmentalism vs. Post-developmentalism Ingredients of The Globalization Project

Prepared By Prof Alvin So3 Developmentalism vs. Post-developmentalism Developmentalism in 1950s – nation-state focused, Development: promote industrialization in the nation, import-substitution, development alliance Post-developmentalism in the 1970s– Global focused, Development: participation in the world market, Export industrialization, the NICs as model

Prepared By Prof Alvin So4 4 Ingredients of The Globalization Project (1) Market liberalization - cut down state regulations, end subsidizes/tariffs, “go out” to compete in the global market welcome transnationals to “come in” to invest in national economies (state enterprises) and resources (mines and forests) (2) Restructuring of states - austerity plan: downsize the state bureaucracy cut social services (education, health care, pension, etc) discipline labor and unions privatized public enterprises (railways, water, electricity, mail) surround powers to global managers like World Bank

Prepared By Prof Alvin So5 Ingredients of the Globalization Project (3) The ideology of comparative advantages – capture global market, not domestic market specialize on things that the country can do best find your niche in the global market

Prepared By Prof Alvin So6 Ingredients of the Globalization Project (4) Global Governance Emergence of supra-state organizations - World Bank, WTO (World Trade Organization), WHO (World Health Organization) Global governance over national governance? A critique: who govern these supra-state organizations? Supra-state organizations are non-democratic, not transparent, and un-accountable