IDSA01H3 Lecture Notes - Lecture 7: World Trade Organization, Racial Hierarchy, Conditional Cash Transfer
2 Apr 2018
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Document Summary
Inequality of assets (material, cultural, social,education,variance in the opportunities available to individuals) Global north has lower levels of income inequality compared to global south: poverty- not just income. Health should be considered too, as well as education, literacy rates, Main point: poverty and inequality are linked to power inequalities, both international and domestic. Power inequality at the international level: economic globalisation (elimination of economic borders to facilitate trade and investment. Mncs, banks: stabilisation and structural adjustment, 1980s on. World trade organisation (wto) [ rules it imposes like making it unlawful for countries in global south to steal tech from global north, they are not allowed to use policies used by the north for themselves. It is now unlawful : for more on power realities polb90. Domestic political challenges to poverty and inequality reduction. The legacies of entrenched social compartmentalisation: racial hierarchy. What is important is which group is in control of the state.
