GGR345H5 Chapter Notes -Foreign Direct Investment, Bretton Woods Conference, Economic Globalization
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Document Summary
Particularly in the dealings of europeans with the global south. Not all member of the organizations are equal (ex. Globalization as a term describing the growing interconnectedness of the world, has a relatively recent history. The importance of trade to access resources which were not locally avaioable has a much longer history, starting from exchanges between local communities with different natural resource endowments. Colonies were viewed as sources of primary resources. Some places would become the heart of trading while other became the periphery. Of course, these trading links and economic connections were not neutral. Much of the global south"s population were taken advantage of and the global south"s economy, just like most of it citizens, went down a negative path. As the world becomes more inconnected (in an uneven way) there have been calls for new forms of governance institutions for certain regulations. Bretton woods conference (after wwii and the great depression) led to the creation of imf, world.
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