links state and market through civil
society (innovation: previously civil
society seen as arm of nation-state)
Tocqueville
civil society is the
“grassroot” equivalent
of national/local
political and public life
Marx
civil society is the “grassroot” equivalent of
capitalist market structures – has same
effect on lower classes
STATE
Locke
state is result of
voluntary social
contract
Hobbes
strong central state is only way
to have a social contract
Weber
state should have checks and
balances between different
arms of government -
bureaucracy
Legal-Rational Tradition: leadership in
which the authority of an organization or a
ruling regime is largely tied to legal
rationality, legal legitimacy and bureaucracy
Gramsci
Cultural hegemony is “self-oppression”
MARKET
Polayni
state needs to mitigate effects of market
and the two should work together
Nozick
Under what circumstances can we
interfere in markets? Might individuals
voluntarily enslave themselves if markets
are not controlled?
FAILURE
Coordination failure: organisation
cannot coordinate their choices
effectively
Big Push model: accelerating economic development across
‘a broad spectrum of new industries and skills’ usually using
public policy
Rosenstein-Rodan
aims for there to get a slightly
greater incentive to invest
Glavan
leads to a dependency of different agents
on one another, may prohibit the speed of
development
Howett
market depend very heavily on their
expectations of other organisations acting to
take advantages
GROWTH
Rostow’s growth-stages model
Lewis 2-sector model
INSTITUTIONS
North
institutions as norms
Khan
transition costs in
addition to transaction
costs as determinants of
institutional change and
its timing
CLASSICAL
List
late development may
not be the same as early
development.
Smith
supply, demand, prices, and competition left free of government regulation +
material self-interest = maximize wealth of a society through profit-driven
production of goods and services
Marx
concern over alienation of individual from
work, society, economy, government
Keynes
government intervention to
correct for market failure
MODERN
Prebisch
Dependency theory –
periphery dependent on
core
Williamson
Washington Consensus - Developing countries must apply
particular adjustments to their economies to be able to grow
sustainably
GLOBALISATION
CAPITALISM
Brenner
Britain was first to
develop because it was
first with capitalist
agriculture
Landes
Britain was first to develop because culture was conducive
to what would become the norm in future successful
economies
WEST
Phillips
colonial (European-run) state structures not
strong enough to develop colonies sustainably –
not enough influence or interest
Acemoglu, Johnson, and Robinson
colonial origins of comparative development:
settler mortality determined institutions, which
determines modern standards of living
a process in which
national economies
increasingly integrate into
international markets
triad group; anarchic
international systems;
democratic governance;
world order; Westphalian
sovereignty
Griswold
DEVELOPMENT
DEMOCRACY
Dahl
effective participation; equality in voting;
enlightened understanding; control of the
agenda; and inclusion of adults
Little
“a set of collective
decision-making institutions
through which individuals assert
themselves in the public sphere”
authoritarian states are
much more effective at
implementing a
‘developmental’ state
Fukuyama
Western liberal democracy will come to be the universal
system of government
North
authoritarian settings are much more likely to lead to
the authoritarian leader changing property rights for their
own benefit
Olsen
authoritarian states can never
establish credible property rights
due to a lack of checks and balances
Forsyth
“the production of social change that creates conditions
where more and more people can achieve their human
potential”
POVERTY
Sen
“there has never been a famine in a functioning multiparty democracy”
greater importance on economic needs than political values in authoritarian states
Varshney
authoritarian regimes can combat poverty very well and very poorly
democratic governments are unable to alleviate
poverty because of pressures of achieving
short-term results
THEORY
Modernisation theory
false-paradigm model
developing countries have failed in their
development schemes because those
schemes are based on unfitting
development models
Neo-colonial dependence model
underdevelopment exists in developing
countries because of exploitation from
former colonial rulers
market-friendly approach
successful development policy
requires governments to create
an open market environment and
only to intervene if the market is
failing