ECON 1010 Lecture Notes - Lecture 5: China Blue, Washington Consensus, Neoliberalism
9 Jan 2019
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Document Summary
Neoliberal globalization: policies based on neoliberal thinking. Policies become prescriptions for developing countries facing their own international monetary issues: crises in capitalism. Policy-making not supporting the economy: washington consensus. When developing countries adjust their economies so they can produce income and put that money towards paying off their international debt. Programs through the imf: structural adjustment programs. Encouraging foreign businesses: expansion of multinational and transnational corporations. Global integration (the second age of globalization) Different kinds of economic activities are spread throughout countries: supply chain. Component vendors (see video: blood in the mobile video re: how metal used in cell phones is collected under gross circumstances, china blue re: how jeans are produced.
