SOSC 1430 Study Guide - Final Guide: Structural Adjustment, Bretton Woods Conference, Washington Consensus
3 Oct 2016
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Introduction to international development studies: final exam study guide. Wednesday, april 6th, 2016 @ 2-5 pm, aviva centre. Adam smith - liberalism - the invisible hand - concept of the free market, goods should come into exchange without barriers - invisible hand to ensure everything evens out and will regulate itself. Liberalism - think individual - reduced regulation by the state because of the notion of the invisible hand. Largely rose from mercantilism - mercantilists wanting to become capitalists. Liberalism stresses individual freedoms, market freedoms, and minimal role of the state. Less freedoms for people if state is heavily involved - wants state to stay out of social and economic regulation. Authoritarian states - ruling few make all decisions. Liberalism - decisions made by corporate/business elites - forces of market. Permanent conflict with forces of capitalism and citizenship - active citizens whose rights are violated by capitalist expansion.
