POL SCI 124C Study Guide - Quiz Guide: Living Wage, World Trade Organization, Elitism
26 Apr 2018
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Much sj (poverty alleviation) remains even with constraints of globalization (international economic integration and openness to foreign trade and investment) Globalization similar between 19th c and today, save for 2 differences competition much more intense today; intra industry trade - import and export same product like cars. 4 effects of openness (1) productivity/ product efficiency. Tripartite agreement among business, labor, and gov to induce employers to employ more and create more jobs, funded with progressive consumption tab. Openness has mixed effects, vary case to case. Claimed to be tradeoff but think its false/ exaggerated. Inequality creates instability and obstructs corrective/productive institutions, trickle down not helpful. Need to focus on the ee relationship on the micro level. Depending on case, use local info and networks as substitute for state delivery of credit or (health risk important in repay) community can turn to state so that state run corporations cover health risks of borrowing women.
