POL 1102 Chapter Notes - Chapter 10: Washington Consensus, Eurocentrism, Trade Route
14 Apr 2017
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Document Summary
One of the debates sparked by globalization is whether it creates benefits for all the states in the international system or whether its rewards go disproportionately to industrialized states at the expense of the least and less developed countries. Least and less developed countries: countries with low average incomes relative to industrialized states, a reliance on primary product, exports, limited technology, and few social services. Washington consensus and other policies they deem opportunistic and extractive. An international campaign in the mid-2000s pressured governments to reduce the poorest countries" debt burdens in order to give them the financial flexibility to deal with crises like. Debts burdens: multilateral debt, such as occurs when a government borrows from international institution (imf, world bank), other governments, or foreign banks. The g-8 leaders decided in 2005 to forgive eighteen of the world"s poorest nations" debts to the. Civil society: the totality of politically active civilian groups organized around specific issues.
