GINS 1100 Lecture Notes - Neoliberalism

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Development was a plot to keep the global south dependent and poor. Development is intact impossible and self-defeating and is also unsustainable globally. Focus exclusively on redistribution of wealth and income, stopping growth or not concerning with it. Alternatives to western development are in traditional, communal forms of society. After neoliberal revolution: expanded markets in latin america, africa and china. After end of cold war: new markets in europe, russia and china. Faster and more reliable transportation and communication technologies: facilitate creation of global production networks. Growth of multinational corporations and foreign direct investment. Possibility to take foreign loans, sell government or private bonds. More funds to do policies for development, mode development. Not engage in trade or nance, or do so only partially.

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