POLI 260 Lecture Notes - Lecture 11: Stock Market, 1997 Asian Financial Crisis, Crony Capitalism
Document Summary
Physicians per 10,000 people: low hd countries: 2. 9, very high hd countries: 27. 9. Low hd countries: 2013: 89, 1980: 195. Very high hd countries: 2013 = 6. Low hd countries: (43 countries: 2015: 60 / 1980 = 49. 6. Transformation / replacement of system (as opposed to maintenance / reform) Core (wealthy) of global capitalism exploit periphery (cheap labour): multi-national corporations. Interventions in iran (1953), guatemala (1954), dominican republic: imf wall street treasury complex : I. e. , perpetuate myth of corruption and crony capitalism to explain asian economic crisis of 1997 rather than faults of unregulated global capital. Steepest economic decline affecting so many people since great depression of 1930s: stock market crashes, currency devaluation = bankruptcies, unemployment, inflation.
