INTL DV 110 Lecture Notes - Lecture 2: Social Protection, White Supremacy, Scientific Racism
30 Mar 2021
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Regulatory states: regulate banks, actively combat inflation (prices), create protective institutions and policy mechanisms. Social protection: provide public services and benefits (unemployment benefits, social security / pensions, healthcare) Socialist: abolish private property, collective the commanding heights , ensure basic livelihoods (lifetime jobs and land reform) Another important transformation: creates conditions for a different set of political influence among a whole discipline like economics. 44 financial ministers from around the world get together in new hampshire for this conference. Architecture of new international banking system through twin sisters . Imf: dispense emergency credit to stabilize national currency exchanges. Created to give government short term loans so they can stabilize their currency. World bank (international bank for reconstruction and development) Large scale loans to countries that need to rebuild infrastructure. Both institutions are multilateral: give loans out to many countries. Universal mandate: promote rising living standards on a global scale .
