Political Science 2211E Lecture Notes - Lecture 19: Washington Consensus

• School: Western University
• Department: Political Science
• Course: Political Science 2211E
• Professor: Lisa Lyons

Document Summary

Comprises 3 incterconnected elemets: expansion of markets. Increasomg cross-borders flows of trade and capital: challenges to the state, howling out of state. Some argue that borders are now essentially meaningless. Some argue that there is little new about globalization. It shouldn"t continue hasn"t gone far enough: market-led economic growth greatly improves material and social well being. Policies of privatization, deregulation, and liberalization should be pursue by states and international institutions. States and international institutions have a role to play in harnessing the effects of globalization. States can enact public policies to correct for market volatility, social inequities, and environmental harm. Nordic countries and certain un agencies place a greater emphasis on human and social development. Canadas economy has long been based on international trade. Most of this trade is with the us. Canada has enacted policies to soften some of the negative effects of globalization.