POL S101 Lecture Notes - Lecture 14: Occupy Movement, Neoliberalism, Structural Adjustment
12 Jul 2018
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Document Summary
Nancial crisis in 2008 and the reaction in 2010/2011. 1982 - debt crisis debt and debt servicing costs rose dramatically in 70s and early 80s effected mexico brazil and argentina fear of (or actual) default of loan. Bretton woods institutions - imf, un, and world bank - shift from just providing nancial support to create structural change by attaching conditions debt crisis > new role for institutions. "86 - "86 - riots due to basic food programs taken away from pressure from the imf and world. 1990 - almost every developing country was issued new loans. Pro structural adjustment: if you are a borrower, you need to accept the conditions of that debt. Global exchange - san fran not just unfair for countries to impose these condition but also compromises democracy. World economic growth: imf estimates world economy has grown 6-fold sense 1950 since 80 all years of positive growth. high 4. 8% in 84, low 0. 2% in 82.
