GCM 110 Lecture Notes - Lecture 9: Free Trade, American Imperialism, Financialization
25 Aug 2016
School
Department
Course
Professor
Document Summary
The free flow od capital around the world is enabled by . Free trade agreements: making investments in foreign countries lucrative for tncs. Loans and rules: imf, world bank, and structural adjustment programs (austerity). Rather than the free flow of capital improvising all economies. Wealthier economies extract much of the wealth from poorer countries as they enter the global economy. Us military intervenes historically show the priority of economic interest with cover stories id freedom and democracy. The us resists international forms of accountability that may affect the economically. Changes in the role of the state: the reduced degree to which the state regulates the economic sphere, the reduced degree to which nation states are sovereign entities do nation. People"s needs will be expressed and best met through market. Competition will keep prices low and compel innovation good for the masses. Wealth will trickle down (the rich will spend their money).
