Handout – Equality and Inequality
Does the rising tide of the liberal trading system lift all boats?
What have we learned from structural adjustment policies?
How has the trading system changed over time?
Review: Washington Consensus
Review: Core vs. Periphery
Embedded liberalism: the principles of the liberal economic trading system have been institutionalized
into the interstate institutions that govern the global trade and finance regime.
Import-substitution industrialization: a strategy for development characterized by replacing imports with
domestically produced goods.
Dependency Theory: Mar