DEVS 230 Lecture Notes - Lecture 6: Mexican Peso Crisis, Neoliberalism, Structural Adjustment
28 Nov 2012
School
Department
Course
Professor
Document Summary
Drawing on an ipe framework, discuss the reasons for the shift from the. Regime (internationalization of political authority form of legitimacy that derives from a community of interests") there are key ideas that under ride these regimes based on materiality. Structural power (power to decide how things shall be done ie limiting the decisions that governments can make w/o putting pressure to make one decision over others) Neoliberalism (policy) + neoclassical economics = car metaphor. Tension between saps and social realities lead to legitimization problems for the wcr. Economic paradigm from keynesianism to neoclassical economics (free market) Isi model enters crisis (materialism) preference for epi. Objective of wcr was economic growth and stability (get economics right) through market-led growth and structural adjustment policies (saps) prescribe government reform based on neoclassical principles (markets promote human freedoms, rationality and efficiency, and optimal distribution of resources) Condiontality (the imf giving them money based on conditions as to what they"ll use it for, etc)
