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8 Mar 2011
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Course
POL101- February 28th
Seeing Inequality
- distributive consequences of growth
- seeing inequality in the data
- b/w 1990's- 2000's; % of canadians living under the poverty line it decreased by 50%
- 10% = 3 million canadians, by disaggregating the data differently we see different
stories
- the wage gap between immigrant fmailies and non immmigrant families it is actually growing
-
- Bearing witness
- Counting inequality
- 1$/day versus 2$/day
- the bare minum you need to survive- global poverty line
- according to this 1$/day china's economic growth has lfited 100$ millions out of poverty
- when it is only 2$/day 45% of china's popualtion lives with less than 2$/day
- 45% of chinese people = 600 million poeple
- 4 CASES:
- Global Inequality
- The "work & welfare" state
- Gendering social protection
- Local solutions
(I)GLOBAL INEQUALITY
- Keynesian Compromise and Embedded Liberalism
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- embedded system= liberal free trading economic system, gov'ts have some latitude to
create state policies to stabilize their economy
- Bretton Woods: establishment of the IMF, Fixed exchange rate system, American backed
system
- GATT: general agreement on trade and tarrifs- gradualr eduction of tarrifs to create a freer
international trading system
- European Reconstruction: instalation of germany, EU
-Golden Age of Global Growtg- 1950's to 1960's
- World GDP- most rapid economic growth was in the immediate post-war period
- After the golden age: the growth was actually uneven, some areas of the world were growing
much slower than others
- We begin to see negative growth; in South Asia, Africa, and Latin America
1970's- 1980's
- Decline of the Keynesian Compromise
- OPEC price strikes: energy crisis, prices rise, accute for countries which were already poor
- Breakdown of Bretton Woods: US does not want to support the entire Global economy,
Americans pull back & exchange rates were allowed to fluctuate again
- Globalization: money circulated in the global economy; 1983 amount of money in the central
banks of governments was 3x greater than the amount of money traded globally
- 1998; central banks controlled 1/4 of all the money in the world- 2tillion$ circulating
everday
- Debt crises: Mexico, Argentina, Korea, Taiwan- all experienced massive debt crises which set
their eocnomies bac 10/15 years
- suggested SAP's
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Document Summary

B/w 1990"s- 2000"s; % of canadians living under the poverty line it decreased by 50% 10% = 3 million canadians, by disaggregating the data differently we see different stories. The wage gap between immigrant fmailies and non immmigrant families it is actually growing. The bare minum you need to survive- global poverty line. According to this 1$/day china"s economic growth has lfited 100$ millions out of poverty. When it is only 2$/day 45% of china"s popualtion lives with less than 2$/day. 45% of chinese people = 600 million poeple. Embedded system= liberal free trading economic system, gov"ts have some latitude to create state policies to stabilize their economy. Bretton woods: establishment of the imf, fixed exchange rate system, american backed system. Gatt: general agreement on trade and tarrifs- gradualr eduction of tarrifs to create a freer international trading system. Golden age of global growtg- 1950"s to 1960"s. World gdp- most rapid economic growth was in the immediate post-war period.

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