SOCI 2P90 Lecture Notes - Lecture 15: International Monetary Fund, Economic Restructuring, Structural Adjustment
10 Dec 2016
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Document Summary
The processes & policies in which a nation-state acquires, extends, or retains its political, social, cultural & economic dominance over other people or territories. Globalization >>>> sometimes used as a synonym for global economic restructuring of capitalism. Also used to discuss movements of people, information, & consumer culture. Globalization is associated with: free trade, free mobility of both financial & real capital, rapid diffusion of products, technologies, information & consumption patterns. Global economic restructuring hastened by structural adjustment policies of the international monetary fund (imf) & the world bank. Goal >> liberalize economies around the world to benefit capitalism. Emphasizes : privatization, production for export over domestic consumption practices. Women > encouraged to take up jobs in the paid sector earn less than men for comparable work. Assumption women will continue to expand their unpaid labour in the home. Globalization literature neglects the ways in which these changes affect the lives of women in different parts of the world.
