POLI 205 Lecture Notes - Lecture 10: Bretton Woods System, E-Commerce, General Idea
11 Apr 2016
School
Department
Course
Professor
Document Summary
Internaional economic/inance actors have all put economic globalizaion high on their agenda. They endorse and encourage the trend, as have most naional governments. Social movements have criicized globalizaion on economic aspect of the process. They claim that economic globalizaion is responsible for high unemployment, decline of working standards, increased inequality, greater poverty, recurrent inancial crises and environmental degradaion. 4 trends in economic globalizaion internaionalizaion increase of economic transacions across border, oldest form. irst form is the silk road; tread of goods between middle east to china. Repeal of glass steagall act in the us 1999; regulaion of banks and investments irm to avoid another inancial crisis. Breton-woods conference 1944: shaping post ww2 economic system. Gatt wto imf world bank to regulate the internaional economic system. Washington consensus: answer to a recent period of staglaion. With the sole purpose of diminishing the implicaion of the state in the economy. Inlaion; rise of cost of living + decrease of purchasing power.
