POLB90H3 Lecture Notes - Lecture 2: International Monetary Fund, World Trade Organization, Human Development Index
15 Sep 2016
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Lecture 2: the politics of development in global. Economic globalization: the elimination of economic borders and the increase in international exchange (trade, investment) o. Changes occurring (past 30 years) giving rise to economic globalization: The breakup of the soviet block ad the demise of communism. Emergence of trading blocks (purpose of lowering tariffs in their region) Mid 1970s: decline of u. s. economic power (rise of germany, japan) Main actors (shaping political processes): multinational corporations: more powerful than many global south governments. Lobby other governments and international organizations; countries buy into their lobbying because they want the mncs investment. Multilateral lending institutions: place conditions on lending of money to other countries, and in that way can shape policies and outcomes in global south ; influenced by the u. s. World trade organization (wto): establishes global trade rules. Blocks of global south countries (i. e. brics, group of 77, alba)
