GINS 2010 Lecture Notes - Lecture 3: Capital Flight, Multilateral Trade Negotiations, Jon Runyan
13 Dec 2016
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Document Summary
Concept and relations you should have grasped by now. Great depression and relevance to bretton woods institutions. Lessons learnt, new ideas on state and markets, currencies. What were the rounds and how they worked. Economic globalization has accelerated income growth worldwide but also income equality. Income inequality between countries has also grown, income differential between industrialized and poorest countries is record. Gender and ethnic inequalities inside local and national societies have also changed (review runyan and. Income inequality is not poverty, income inequality can grow without more poverty. With privatization (russia) few people buy up everything, massive growth in income inequality. 1981 china decides to open economy to global market. Income inequality has grown most in developing countries. Income inequality has grown less in developed countries but that is new. And that influences trade, investment and migration patterns. Trade flows integrate national economies across borders, pressing wages, affecting government policies (tax base)
