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Lecture 2

GGRC45H3 - Week 3, Lecture 2 Notes (January 26, 2011) (Min-Jung Kwak, Winter 2011)

7 Pages
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Department
Geography
Course Code
GGRC45H3
Professor
Min- Jung Kwak

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Symphony Kwong (996285096)
GGRC45H3 t Week 3, Lecture 2, Lecture Notes
Political Economy of Globalization: Neo-Liberalism & Debates
Wednesday, January 26, 2011
1
GGRC45H3 t Week 3, Lecture 2, Lecture Notes
Political Economy of Globalization: Neo-Liberalism & Debates
Wednesday, January 26, 2011
ï
- historical development of neoliberalism
- major characteristics of neoliberalism
- myths about neoliberalism
- why is neoliberalism criticized? is neoliberalism good or bad?
Recall From Last Week
- question: is globalization good or bad?
òëó Discussions
good bad
job creation labour exploitation by TNCs (MNCs)
exposure to diverse cultures increasing gap between the rich and the poor
access to information loss of traditional culture
access to markets environmental degradation
freer mobility diminishing state power
freer capital flows
technology spill-over
4 Questions for Today
- how did neo-liberalism make its way in the current era of globalization?
- what is neo-liberalism? what are major characteristics of neoliberalism?
- why and how geography matters when we discuss neoliberalism?
- is neoliberalism (economic globalization) good or bad?
Group Discussion
- what is neoliberalism? what are major characteristics of neoliberalism?
- as far as I have read and watched, I heard a lot more negative things about
neoliberalism (or more precisely negative impacts of neoliberalism); can you
defend neoliberalism? discuss how neoliberalism have improved or will further
improve our lives
- some predict the end of neoliberalism while others push the ideology; can you
speculate the future of neoliberalism?
www.notesolution.com
Symphony Kwong (996285096)
GGRC45H3 t Week 3, Lecture 2, Lecture Notes
Political Economy of Globalization: Neo-Liberalism & Debates
Wednesday, January 26, 2011
2
Political Liberalism VERSUS Economic Liberalism
- political liberalism
x a strategy to prevent social conflict
x rather progressive in dealing with the poor and working class people
x democratic, liberal, left-wing
- economic liberalism
x faith in free market, free trade, free competition, and free enterprisesY
- in the case of Canada
x conservative party in power
x question: politically conservative, economically liberal?
¾ politically liberal: progressive ideals, value individual rights (i.e. women, gays, etc.)
Where did Neoliberalism come from?
- classical liberalism
x John Locke
x Adam Smith
- utilitarianism
x Jeremy Bentham
Classical Liberalism
- John Locke (1632-1704)
x an English philosopher
x one of the most influential thinkers during the Enlightenment Era
x Lockean Principles:
¾ individual liberty
¾ private property
¾ freedom of speech, association, and contract
¾ the limitations on the authority of the state (anti-authoritarian state theory)
x influenced American Revolution
www.notesolution.com

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Symphony Kwong (996285096) GGRC45H3 J Week 3, Lecture 2, Lecture Notes Political Economy of Globalization: Neo-Liberalism & Debates Wednesday, January 26, 2011 GGRC45H3 J Week 3, Lecture 2, Lecture Notes Political Economy of Globalization: Neo-Liberalism & Debates Wednesday, January 26, 2011 - historical development of neoliberalism - major characteristics of neoliberalism - myths about neoliberalism - why is neoliberalism criticized? is neoliberalism good or bad? Recall From Last Week - question: is globalization good or bad? Z Discussions good bad job creation labour exploitation by TNCs (MNCs) exposure to diverse cultures increasing gap between the rich and the poor access to information loss of traditional culture access to markets environmental degradation freer mobility diminishing state power freer capital flows technology spill-over 4 Questions for Today - how did neo-liberalism make its way in the current era of globalization? - what is neo-liberalism? what are major characteristics of neoliberalism? - why and how geography matters when we discuss neoliberalism? - is neoliberalism (economic globalization) good or bad? Group Discussion - what is neoliberalism? what are major characteristics of neoliberalism? - as far as I have read and watched, I heard a lot more negative things about neoliberalism (or more precisely negative impacts of neoliberalism); can you defend neoliberalism? discuss how neoliberalism have improved or will further improve our lives - some predict the end of neoliberalism while others push the ideology; can you speculate the future of neoliberalism? 1 www.notesolution.com
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