POLSCI 2H03 Lecture Notes - Lecture 9: Anti-Imperialism, Capital Account, Structural Adjustment
10 Sep 2014
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*today"s class is based on negative aspects of globalization. Increasing interdependence and openness at a global scale; in trade finance for instance but it is not equal. Latin america: wholehearted embracement of neoliberal policies in 1980s. Extensive liberalization and trade opening (the losers couldn"t apply these policies aka didn"t have institutional framework) aka devastating effects in those countries in terms of stagnation and unsustainable growth. Absence of necessary regulatory mechanisms on capital markets. Limited investment on welfare services: unsustainable growth. Recession, stagnation and economic crisis in 1990s. Look at graphs they might be on the exam************* Mexico: access process; poor implementation of neolib made them vulnerable to external threats. Latin america: disillusionment in latin america with washington consensus in late 1990s. Leftist governments in bolivia, venezuela, brazil and government intervention to economics. More involvement of government in economy: rise of brazil as a major power. *they figured out it is essential to manage globalization.
