GS101 Lecture Notes - Lecture 6: Structural Adjustment, Mecca-Cola, Mcdonaldization
Document Summary
Pass march 7, 2014: comparison chart neoliberalism vs. Nafta = free trade between canada, us, and mexico. Higher taxes on the rich: timeline leading up to neoliberalism. Great depression: fast economic domino effect that was felt by the entire world. Bretton woods conference, 1944 creates imf, gatt. More government control on fiscal and monetary policies. Opec energy crisis 1973: oil producing countries raised up prices caused a major financial crisis and negatively influenced gov. with idea of cartels. Decrease in global north manufacturing = decline of us economy. Election of many neoliberal governments in first world countries. Margaret thatcher (uk), ronald reagan (us), mulrony (canada) Uganda: textile industry crashing due to imports of second-hand clothing. Peru: quality + price lowered because of lack of knowledge. Cambodia: silk factories after quotas removed, no regulations in china: critiques of neoliberalism. If the government doesn"t regulate, there will be many monopolies (oligarchies on certain trades) Is free trade fair trade? (subsidies, quotes, tariffs)
