GS101 Lecture Notes - Globalization, Scientific Method, Money Supply
Document Summary
Neo-liberalism and the dominant institutions of our time. Ethnic problems and questions about the foundations of globalization. Definition of globalization: contact, contested and contradictory. Some say the understanding the political economy has to be seen through numbers and the scientific method. Economic globalization is the intensification and stretching of economic interrelations across the globe. Failure of keynesian economics: control capitalism no longer the way to go + the state should take a backseat to the markets. The markets have become the centre of buying and selling. Neo-liberalism is the tool used to further the capitalist system. Market rules, freedom, democracy, neo-conservative ideas, primary of. They believed in going back to the old system where they let the market lead the way. Mulroney was a big supporter of free trade. (many social projects got cut as a result).
