Poverty, Development and Globalization II (L09)

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Published on 24 Jun 2011
School
UTSG
Department
Anthropology
Course
ANT204H1
Professor
Poverty, Development and Globalization II
-Response to debt crisis is to force poor countries into SAPs
-Globalization
oAll about interconnections a globalized world is one in which there are fairly
rich, thick interconnections between countries
o(Wiki) refers to the increasing unification of the worlds economic order through
reduction of such barriers to international trade as tariffs, export fees, and import
quotas; describes the process by which regional economies, societies and cultures
have become integrated through communication, transportation, and trade
oHas started since the 1st wave of colonialism
-Stagflation : situation in which high unemployment coincides with high inflation
o1970s, inflation due to the rise of oil prices + stagnation due to the industries
that rely on oil slowing down
-Protectionism instituted after the world war to repair the economies
oEconomic policy of restraining trade between states through methods such as
tariffs on imported goods, restrictive quotas, and other govt regulations designed
to discourage imports and prevent foreign take-over of domestic markets and
companies (Wiki)
Protects domestic businesses by regulating trade with foreign nations
Ask industries to make their products within the country they want to sell
to
- M. Friedman remove all regulations, let the market rule
oAdvocated many of the rules in SAPs
oDont insist on companies to produce where they sell
oNeo-liberalist
Neoliberalism = stresses the efficiency of private enterprise, liberalized
trade, and relatively open market; transfer control of the economy form
public to private sectors in the belief that it will produce a more efficient
govt and improve the economic health of the nation (Wiki)
-D. Harvey and Late Capitalism
oSupports Friedman
oTime-space compression
www.notesolution.com
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Document Summary

Response to debt crisis is to force poor countries into saps. : situation in which high unemployment coincides with high inflation: 1970s, inflation due to the rise of oil prices + stagnation due to the industries that rely on oil slowing down.  protects domestic businesses by regulating trade with foreign nations.  ask industries to make their products within the country they want to sell to. M. friedman remove all regulations, let the market rule: advocated many of the rules in saps, don"t insist on companies to produce where they sell , neo-liberalist. D. harvey and late capitalism: supports friedman, time-space compression www. notesolution. com. **diagram shows difference between late capitalism (straight lines) and neoliberalism (broken lines) Time space compression caused by changes in communication technology and transportation: telephones, super tankers and international shipping hubs.  made it possible to put out companies outside one"s geographic zone.  made it easier to do business within many countries (world getting smaller)