2.2.3: The important elements of the geopolitical narrative (Source: Adapted from Pieterse (2015b) and capital flows into developing countries from 1975–1990 (Source: Akyuz & Cornford 1999) Technological Deployment phase Installation & deployment phase of the ICT revolution revolution of post-war boom Receptiveness to Excluded from Low Increase in Greatly reduced multinational firms communist countries receptiveness receptiveness receptiveness rates in developing & some continued rates countries liberated former colonies Governance State-led Neo-liberal Neo-liberal Washington Consensus-Post State-led developmentalism developmentalism & developmentalism counterpoint counter point Washington Consensus (?) import substitution & import policies substitution policies Modernisation via focus Diminished state Pro-poor Shared growth Redistributive & sustainable Main premise of industrialisation influence-led growth growth (?) Embedding of political economy growth economy in society, fair distribution of surplus & pursuit of human well-being Trade/development Marshal Abrogation of Structural Regional Regional trade agreements + Regional trade agreements + aid architecture Plan/general trade Bretton Woods adjustment agreements bilateral trade agreements + end of preferential trade agreements Agreement programmes free trade agreement agreements (?) Period 1940-1960s 1970s 1980s 2000s 2015+
2.2.3: The important elements of the geopolitical narrative (Source: Adapted from Pieterse (2015b) and capital flows into developing countries from 1975–1990 (Source: Akyuz & Cornford 1999) Technological revolution Deployment phase of post-war boom Installation & deployment phase of the ICT revolution Receptiveness to multinational firms in developing countries Excluded from communist countries & some liberated former colonies Low receptiveness continued Increase in receptiveness rates Greatly reduced receptiveness rates Governance State-led developmentalism & import substitution policies developmentalism & import substitution policies Neo-liberal counterpoint Neo-liberal counter point Washington Consensus-Post Washington Consensus State-led developmentalism (?) Main premise of political economy Modernisation via industrialisation focus Diminished state influence-led growth Pro-poor growth Shared growth Redistributive & sustainable growth (?) Embedding of economy in society, fair distribution of surplus & pursuit of human well-being Trade/development aid architecture Marshal Plan/general trade agreements Abrogation of Bretton Woods Agreement Structural adjustment programmes Regional agreements Regional trade agreements + bilateral trade agreements + free trade agreement Regional trade agreements + end of preferential trade agreements (?) Period 1940-1960s 1970s 1980s 2000s 2015+