WGS160Y1 Lecture Notes - Lecture 13: International Monetary Fund, Diane Elson, Protectionism
Document Summary
Globalization: even though we have the idea that everyone/thing can move so easily, that isn"t always true, we need to look at the nuanced ways, some people/things move faster and/or easier than others. Gender practices shape and are shaped by economic policies. We need to think about the language in order to understand. Saps- intervention, attempts to shift the economy, introduces countries to the plan to help them out of debt to places like the international money fund (imf) and the world bank. Implications for poor countries: price of commodity exports decreases (rice, coffee, sugar, protectionism (in the western world) Increasing interest rates (6% suddenly changes to 17%) Result: outflows of money are higher than the inflow, banks face issues. Belief that individual freedom is the goal of all. A countries resources can be used to produce tradable ( cash crops, exports) and non- tradable (hospital, school, library, pool) goods. Countries in a bind are producing too many non-tradable goods.
