Show:
Quotes
Week 1
Week 2
Week 3
Week 4
100
“We hypothesize that settler mortality affected settlements; settlements affected early institutions; and early institutions persisted and formed the basis of current institutions.”
Who are Acemoglu, Johnson, and Robinson?
100
Rostow, Comparative Advantage, and the Product Cycle represent these types of theories.
What are Liberal theories?
100
This theory believe that international economic integration will benefit all countries.
What is Comparative Advantage?
100
Thirty to Fifty million people died worldwide from this disease from 1918-1920.
What is the Spanish Flu?
100
This type of colonial strategy was most often employed in Spanish colonies.
What is a mercantilism?
200
“Migration of man and his maladies is the chief cause of epidemics. And when migration takes place, those creatures who have been in isolation suffer most, for their genetic material has been least tempered by the variety of world diseases.”
Who is Crosby?
200
This theory believes that fully developing only occurs when existing institutions are upended.
What is Marxism?
200
Tariffs, quotas on exports, firm-side subsidies, and currency devaluations are all examples of these types of policies.
What are protectionist policies?
200
Sachs and Malaney argue that this disease has wide-spread costs in afflicted countries beyond just direct medical costs .
What is malaria?
200
According to this author, the later a country develops, the more challenges it has to overcome in order to fully develop.
Who is Gerschenkron?
300
“Our argument specifically shows that the historical processes through which colonial institutions were installed and shaped subsequent development differed dramatically for Spanish and British colonialism.”
Who are Lange, Mahoney, and vom Hau?
300
Traditional Society, preconditions for take-off, take-off, drive to maturity, and this stage make up Rostow's five stages of development.
What is the age of high mass consumption?
300
DAILY DOUBLE: Define Income Elasticity of Demand
The ratio of the proportional increase in quantity demanded to increases in income
300
King Leopold II of this country established one of the most brutal and deadly extractive colonies in the world in what is now the Congo.
What is Belgium?
300
According to Lange, Mahoney, and vom Hau, a colony is in the best position if the colonial power pursued this strategy at this depth of colonialism.
What is liberal and high?
400
"The developed market economies feel that the North-South system, although perhaps not perfect, is legitimate, because it benefits them and because they have significant decision-making authority."
Who are Spero and Hart?
400
This country's government attempted to modernize following Rostow's theory, but because there is no place for the state in his theory the country has had unexpected struggles.
What is China?
400
This policy can lead to rent-seeking, excess capacity, and higher prices for a lower quality product.
What is Import Substitute Industrialization?
400
According to AJR, colonizers would set up these types of colonies in areas with low settler mortality.
What are settler colonies?
400
DAILY DOUBLE: List one advantage of late development and one disadvantage.
Advantages: you can learn from the advanced countries, resources are not wasted in developing technologies, strategic threat can impel cooperation around large scale economic investments. Disadvantages: population is larger, but industrial labor force is scarce, creating a working class is violent, resources for investment are limited.
500
"A central argument of this book, however, is that the shift to export-led growth was also accompanied by economic, legal, and institutional reforms that the neoclassical interpretation has generally ignored... If export-led growth was a superior strategy, why has policy reform elsewhere proved so infrequent and hesitant?"
Who is Haggard?
500
Rostow makes two assumptions in his argument: Global integration is to the benefit of underdeveloped countries and this one.
What is that all countries follow the same path, if at different times?
500
This country was discussed in class as a model example of export-led growth.
What is Germany?
500
Acemoglu, Johnson, and Robinson use this type of causal identification strategy to prove their argument.
What is a instrumental variable?
500
The later a country industrializes, the more difficult it is to mobilize capital. Because of this, this country had to nationalize their banks to mobilize enough capital.
What is Russia?