Debt, Dependence and Development in Historical Perspective with Andew Fischer
Channel: Crash Course
Date: 2020-10-20

Sara Murawski en Rodrigo Fernandez speak with Andew Fischer about Debt, Dependence and Development in Historical Perspective.

02:11 Rodrigo introduces the new “Debt crisis in the global south, and radical solutions”
03:44 Sara introduces Andrew Fischer
05:31 Andrew Fischer starts his presentation: Understanding the past
08:01 External constraints of Late Development
09:33 Generate trade deficits because of import intensity and dependence. 
11:43 Structural: Technological and input characteristics of production and consumption,
13:00 Foreign exchange (forex) becomes a specific constraint, 
14:05 Symbiosis with aid (or forex) absorption. 
17:11 Two strategies countries can apply to escape the external constraint. 
19:06 Republic Of Korea, Brazil, China
25:34 Neoliberal Era: Liberalization and Fictionalization.
28:19 Zambia
29:50 Ethiopia
30:38 Philippines 
31:00 Cambodia
31:13 Conclusion
32:18 Q&A: Good debt vs bad debt? 
37:34 Q&A: Distorting economies as aim
38:39 Q&A: How to prevent FDI taking the lead again?
42:52 Q&A: World Bank and IMF, & Structural Adjustment programs
48:49 Q&A: External factors or domestic decisions?
51:00 Q&A: Industrialization and the Philippines
55:10 Q&A: Capital Controls
57:55 Q&A: Industrialization by specialization in primary commodities?
1:01:54 Q&A: QE Seventies on Steroid

In this second series we want to look at the structural issues and the structural problems that the Global South faces and the longer term issues and not only look at what COVID-19 has triggered, but what types of problems there are and what solutions we foresee. 

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