IPE HW 4
1. What is structuralism? Explain the coordination problems identified by structuralist theory and the suggested remedies for government intervention.
2. Explain the costs and benefits of the two-stage strategy of import substitution industrialization.
3. Were developing countries correct in their assessment that their participation in the global economy under liberalized trade rules would always leave them on vastly unequal terms? Explain.
4. Why was the East Asian export oriented strategy so successful for the countries that adopted it? What effect did it have on the decline of manufacturing labor in advanced industrial states
5. Explain the role of World Bank/IMF structural adjustment mandates on large job losses through privatization and cut backs in government spending.