Chapter 9 Book Notes

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International Development Studies
Anne- Emanuelle Birn

Chapter 9: Globalization, Trade, Work, and Health - Focusing on neoliberal globalization - Trade in goods, services, people, and capital is a key component of globalization Globalization and its key features - Generally speaking, globalization is the process whereby people are becoming more interconnected and interdependent via particular political-economic relations that work to compress time, space, and cognition. The process of greater integration win the world economy through movements of goods and services, capital, technology, and labour, which lead increasingly to economic decisions being influences by global conditions. - -New globalization: pace at which it occurs is faster - combined w the hegemonic (i.e dominant & largely unquestioned) ideology underwriting this process **Globalization good or bad? -how globalization affects the health of ppl around the world depends on who controls the flow of capital, labor, & knowledge around the world, & who benefits from it . Historical character and definitions of neoliberal globalization - Globalization can be divided into several eras 1870s, 1914, present time th - In the 19 century, global economic expansion was promoted as the key to progress, shepherded by big businesses, trusts, and investors, especially in Europe and North America. - Main Tenets of the neoliberal economic model are that - a) Unfettered free markets begin growth in annual per GDP - b) Growth is synonymous w development - c) growth is necessary and sufficient to reduce poverty - Neoliberal economists also accept that financial crises are an expected norm in between periods of growth, and that the state should do little to interfere. Also assume that the state already plays too large a role in the economy and social policy, and that state interference prevents markets from acting efficiently - Neoliberal globalizations key elements are the promotion of free markets and the relaxation of trade barriers. Often the results are: 1) reduction of subsidies for the poor, 2) cost recoveryuser fees for essential services, 3) privatization of public assets, 4) weakened role of government, 5) growing dominance of western based transnational capital, and 6) high military expenditures. - Neoliberal globalization has accelerated the growth of free trade zoned in developing countries, outsourcing production that previously took place in developed countries. - Free trade zones also shift employment patterns win developing countries - Neoliberal globalization the political order is dominated by the logic of the market, and the benefits of a shrinking world havent been equally shared The global trade regime and the WTO
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