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POL1102 (88)
Lecture

jan 31 lecture.docx

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Department
Political Science
Course Code
POL1102
Professor
James Brooke- Smith

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[email protected] Midterm exam: ­ Choice as to which questions to answer ­ Essay question: strictly from the course pack. Focus on the first authors except for  Wallenstein. Need to know the main arguments. Ritzer, Friedman, David Held. ­ Need to memorize the 10 Washington Consensus rules ­ Need to be comfortable with the acronyms (IMF), policies and definitions ­ Washington Consensus lecture will be on exam GLOBALIZATION – THE WASHINGTON CONSENSUS IMF/WB LENDING POLICIES PHASE ONE: Economic stabilization: short­term macro stabilization policy ­ Currency devaluation: one of the main policies. Lead to big protests. Important  for IMF because makes window of opportunities for western investments (VERY  low wages, massive unemployment…)  ­ Price liberalization: fossil fuels in particular. Need to bring every product price  up to the global market level. (Here, gas is $1,20/in Venezuela, with Chavez, it  was $
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