Reading: birdsall, life is unfair - inequality in the world, pp. 76-93. Bermeo, does electoral democracy boost economic equality, pp. 21-35. Seeing inequality: bearing witness, seeing inequality in data, poorer countries growing at 1 or 2% per year, /day versus /day. 4 cases: global inequality why rich countries getting richer, poorer countries getting poorer, the work & welfare state, gendering social protection, local solutions (i) global inequality, keynesian compromise and embedded liberalism, bretton woods. American back system, u. s. dollar would be currency of global economy: gatt. Multilateral agreement by all countries to gradually reduce tariffs in order to. Fixed exchange rates create freer economic trade system. Installation of democracy in germany: european reconstruction. 1970s and 1980s: decline of keynesianism compromise, opec price spikes. Beginning 1970s american did not want to back global economy anymore; puts a lot of pressure on us dollar/american treasury www. notesolution. com. And fixed exchange rates begin to fall apart: globalization.