SOC236H5 Lecture Notes - Lecture 6: Washington Consensus, International Inequality, Core Countries
15 Feb 2018
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Within country inequalities is increasing as the rich get richer and the middle class shrinks. Between country inequality is decreasing, but this is mainly due to asia"s high level of growth and sizeable middle class. While milanovic purposes some policy solutions, given the extreme advantages of the wealthiest countries and people, it is unlikely that states will step in to redress. Today we are delving deeper into our critical analysis of globalization by examining more theoretical perspectives on the negative effects of globalization. How to assess critical perspective on globalization. The argument for why globalization is just another iteration of capitalism and/or imperialism. Global economic multilateral organizations in recent decades pursued a strategy known as the washington consensus. To deregulate markets, private public enterprises, promote maximum shareholders value, cut taxes and public spending, open national economies to cross-border trade and investment, lessen state regulation. These policies have benefited financiers at the cost of the working classes and the global south.
