SOSC 1130 Lecture Notes - Multilateralism, Trade Barrier
2 Feb 2013
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Document Summary
2012-01-26: development of international system has created greater inequalities between regions and within regions. All countries should open border to trade: conservative macro-economic policies (fiscal restraint) Focus on cutting deficit, but really cutting social programs. Subsidies to business continue: old division of labour that was in place with colonialism gave way to globalization way of labour, global division of labour, geographical expansion and decentralization of production. Industry is no longer concentrated in europe and u. s. Ideology inherent in a set of policies that stress free market and free trade: stressed individual freedom and a minimalist role for the state, states role was to protect rights and freedoms, nothing else. Things will work themselves out: government should not mettle in the market, market repairs itself, neo-liberalism main goal is to dismantle national barriers, open borders, structural adjustment policies, restructure the system, restructure national economies through the trilogy , liberalisation. Eliminate protection from national industry: deregulation, privatisation.
