POL101Y1 Lecture Notes - General Agreement On Tariffs And Trade, Organizational Commitment, Aravind Eye Hospitals
Document Summary
Important to bear witness as we cannot count inequality: it is never objective and allows us to tell the story of that people. Ex: mid 90s the poverty rate decreased in canada from 15vto 9 % but that is still 3 mil people: counting gives perspective and is political (choosing the poverty line is political) In 98 poorest lived in poorest country now live in mid income countries: not about aggregate income growth as level of all econ increase as inequality increases. Four vignettes: global inequality: keynsian compromise and imbedded liberalism: limit the government hand as full is not good for peace. 1950-60: average global growth increase but didn t last and slowed down and uneven. All econ could come together which was manged in the. 60-70 but in 70 bretton woods collapsed as us tested. No more people needed thus increase unemployment: neo-lib resurge: privatize and get out of global, bad government policies: invest unwise and corrupt.
