DVM 2105 Final: Week 5 (Exam terms and questions)

• School: University of Ottawa
• Department: International Development and Globalization
• Course: DVM 2105
• Professor: Paul Haslam

Document Summary

Neoliberalism has channelled wealth from the poorer to the richer classes and countries. Private property rights, individual liberty, free trade, unencumbered markets. Post apartheid south africa, and contemporary china are starting to accept neoliberalism. Rules of engagement with wto and imf reflect neoliberalism. Destructs institutional frameworks and powers, divisions of labour, social relations etc. Appealed to individual liberty and freedom as central values. Argued that these liberties are threatened by fascism, and communism, and state intervention. Need competitive market and private property to effectively have freedom. U. s. imposing freedom" in iraq tried to facilitate capital accumulation. Cia supported the coup against a democratically elected leader. Labour market was freed, and leftist movements were dismantled. Us economists- chicago boys- used neoliberal practices in chile (changed import substitution into facilitating fdi and free trade). Benefits of revived capital accumulation were highly skewed = ruling elites and foreign investors benefitted, while the masses did not.