SOSC 1009 Lecture Notes - Lecture 11: Bretton Woods, New Hampshire, Bretton Woods System, World Trade Organization
16 Apr 2017
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Document Summary
Labour and globalization (week 11 nov. 23) Pwc (post war compromise), kws (keynesian welfare state), (bwa (bretton woods. Three parts to compromise: fordist industrial something. Makes it easier for workers to certify unions. Increase in collective bargaining rights = improvements in wages and benefits. Belief in greater economic, social mobility for the working class: keynesian economic policy. Centers around high/stable rates of economic growth. Priorities of main st. will be maximised: welfearism: idea of social citizenship. No citizen should be permitted the fault. Creation of a buffer in social ways between employees and employers (becoming less dependent on one another) Keynesian welfare state: (mcbride and shills?: investment, government limits its association in investment. Provides short term loans to member countries to deal with temporary short term financial problems. Helps developed the developing world: newly emerging countries after the collapse of the british empires. Provides financial incentives to align themselves with the west after the world war.
