Women's Studies 1020E Lecture Notes - Lecture 19: Ethnocentrism, Compulsory Heterosexuality, Postcolonial Feminism
4 Oct 2018
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How are the needs or demands of marxist or socialist feminists being addressed here. Globalization is distinguished by its integration of many local and national economies into a single global market , regulated by a hands-off government that operates primarily to facilitate, in this case, capitalism (527). Promoted by the world bank and the international monetary fund (imf) Provides loans to indebted, developing countries to encourage economic growth. Neoliberal economic ideology is applied as a condition of receiving the money. Requires the receiving country to restructure its economy by reducing government intervention. Ie public spending cuts, privatization, opening economies up to foreign competition, business de-regulation. Debt service: profit from new export-oriented economy tend to be directed back to loan re-payment. Criticized for: increasing poverty, negative impact on health. Beset by a serious case of debt bondage : 40% of export earnings go to debt servicing (565)
