GS101 Lecture Notes - Lecture 5: Protectionism, Deglobalization, World Trade Organization
Document Summary
Steger: bretton woods order and collapse (construction, debates, conflict) Internationalization of trade and finance (what is it, what is the significance) International financial institutions (what main ones are, what their original purpose was, and actual now) Slides=look at the bigger picture, use examples from class. Orend: drivers of growth and gdp (drivers for economy) Ideologies of the state (what different ideologies are, role, and debates) Ideology and reality resistance to reality and facts makes something ideological. 2008 financial disaster in deregulated market everyone would be bankrupt but regulated bc government were able to come in and bail them out. The market knew if they made a bad bet" and lost money government would bail them out: represents an attempt to define globalization" and the subsequent terms of the debate, trying to make it a natural, neutral process". Investors have a large control in globalization/ the markets market. Reification: treating a object/thing, treating it like a person an actor".
