SOCI 254 Lecture Notes - Lecture 12: International Inequality, Grameen Bank, Muhammad Yunus

• School: McGill University
• Department: Sociology
• Course: SOCI 254
• Professor: Amm Quamruzzaman

Document Summary

While some crises are specific to globalization, others are long term and structural like the ecological crisis. The general crisis: west loses to non western forces. Because those who started the project are now suffering its downfall, they become opposed. The current project doesn"t appear to be replaced by any other project as of now. Cumulative crisis of vision the problem is recycled as a solution. Melting arctic gives more opportunity to get more fossil fuels. Cyclical crisis of development we don"t look for an alternative. Related to creation of a global labor force. Casino-like global economy, which suffers from a fundemtnal moral crisis. Unrelenting competition is the name of the game. With firms restructuring and outsourcing jobs to survival. Between 1980 and 2000, the global labor supply trebled, making labor cheaper and weakening bargaining position of workers. Job insecurity has become the new normal, with labor flexibility being key to foreign capital.