LABRST 1C03 Lecture Notes - Lecture 8: International Monetary Fund, New Imperialism, Indirect Rule
Characterized by the control of people through indirect rule of economic mechanisms. Capitalism is always innovating - seeking out new methods and new products. Expansion of interests of countries outside their own markets is called imperialism. This reshapes the conditions of life and work. A rise of monopolies on a global scale. Imperialism means changing the means and conditions of work. Limits peoples means of survival and making them desperate. People are forced into accepting poor work conditions. Serve as the hallmarks of neo - imperialism. They allow corporations access to cheaper labour and new markets. Are primary mechanisms to allow corporations to move where they want when they want through agreements. Means enclosures, limits peoples options of work. These policies push people off their land in search for new means of survival. The imf was able to shape the political direction of jamaica. Indirect control by limiting the decisions they can make through policies.