POLB90H3 Lecture Notes - Poverty Reduction, Financial Regulation, Civil Society
14 Dec 2013
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Problems faced by gs are political (man made) Economic globalization the elimination of economic borders and the increase in international exchange (trade, investment): investment part is more important more than trade. Interchange political and cultural ideas, political, financial institutions: ideas- human rights. Wasn"t so before, it would all be in one place: rise of the brics, dynamism of the economies (bric, economy is huge, and they have impacts. Multinational corporations: more powerful than many gs governments: in wealth and ability to invest. Lobby (make demands) of industrialized countries, bretton woods institutions. Governments of gn pushing for liberalization and integration as well as gs. Some gs countries became more catholic than the pope. Loans on the ground of carrying out certain policies. Process that is driven by the power of ideas interest behind them, but ideas of market reform were the important driver. Governments and blocks of global south countries (brics, group of 77,
