GGRA02H3 Lecture Notes - Lecture 5: Jubilee Usa Network, New Left Review, Structural Adjustment
Document Summary
Lecture 5: the endurance of colonialism & colonial imaginaries. Said, e. (2001) the clash of ignorance," the nation october 22. Hallward, p. (2004) option zero in haiti," new left review, 27(may-june): 23-47. Make sure to relate to the course, which is a must. Be as specific as possible don"t be vague. Devaluing of us currency in late 1960s. Oil-producing countries drastically raised the price of oil to compensate for the lower dollar. Money from high oil prices was deposited in western banks which then lent out the money to. Prices for export commodities from developing countries plummeted. In the 1980s, the rise of oil prices and interest rates change global processes creating what is still known as the debt crisis". Sometimes all the surplus in the developing countries is pulled out of them to pay for the debt. In the global south debt is a very evident they have for the european and western countries.
