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Internat Development

International Politics

TermDefinition
LON define internation development mandate system as a goal of colonial administration and path from colonialism to independence undev. coutries need to try to reach univerisla standards (western, look more like europe) or self determination for diverse societies
UN Charter development goal promote higher standard of living and conditon for economic and social progress and development Use Agencies such as IMF, WB, WHO
1960s UN development decade decolonizing states join the UN and development because a priority issue in GA
1961 UNGA resolutions established UN conference on Trade and Development (UNCTAD) Trade = primary instrument for economic development
Difference in UNCTAD b.w develop and developing control over natural resources (ding: stuck in contracts with old imperial countries and d: undermining contracts) Finanical + Tech Assitance ding wants to build insitutions Trade policy
G77 created after 1964 UNCTAD negos when they produce a joint declaration and not a nego block of third world states
New International Economic Order Agenda (NEIO) G77 creates NEIO agenda meant to help ding renego old contracts and give more stake assert all states should help ding develop sov. over nat resources wealth and economic activities UNSC said no, US abstain b/c cold war so gave more food aid instead
Debt and Structural adjustments 1970 debt oil crisis, increase with US interest rates which lead to NEIO b/c countries no longer had control of their economices with IMF and WB
ID after Cold War SU falls so no real opp to Washington conseus (neoliberal policies) Lost of foreign end
Millennium Declaration ratified v. NEIO Goals based around social welfare and wellness of citizens Achieve universal primary edu NEIO was alot more economic not social, need for economic diverisfication
why change to Wall st consensus from washington came from increasing attention to PI instead of state like IMF and WB PI+ wealth managment firms from clients
Wall Street Consensus aim to maintain development policy focus on markey based solutions States need to provide safety net for investors
State "de-risk" w/ Wall street State being de risking the investments made my PI in order to get them b/c they are in desperate need of the money and have almost no bargain power but need to create infasture Nigeria with energy from French asset manager meridiam
New players in ID Global south increase in share of FDI and foregin aid BRICS - established New development bank and Contingent reserve arrangement (to replace WB and IMF) growth halted by 2008 crisis
China in ID created China Belt and Road Initiative (BRI) taht created infrastructure in Africa and Asia halted by 2008 crisis
Created by: katelyn27
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