HIST 12B Lecture 11: Lecture 10%2F17%2F17 (1)
Document Summary
Third world shockwaves: life, death and debt in the global south. One of the takeaways is that the system is rigged and it hurts the farmers. Emphasize that the main lesson between the film and readings is recognize the role of. Imf were not monolithic and not uniformly bad. There were struggles within these institutions over their direction. Fight over what the imf will become and what these third world nations were striving for. Reading show"s demise of neoliberalism and how the former colonies eventually lead to the organization of the global system and more importantly recognize that it wasn"t colonialism alone that explained the north south divide. U. s. foreign policy geared toward interests of us national capital and explains how rishin post colonization nations became even poorer and indebted and were forced to accept these free trade agreements. Keynesianism/macroeconomics keynesianism is responsible for establishing the concept of macroeconomics. Gave governments tools to manage periodic crises of capital.
