PSCI283 Lecture Notes - Lecture 19: Neoliberalism
16 Dec 2019
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Document Summary
Globalization: developed and many developing countries began to rely less on politically unpopular taxation and more on politically more innocuous borrowing to finance their activities, transitioning from taxation states" to debt states". Debt crisis: this boosted the structural power of finance, change in policy norms. Reform came to mean exclusively changes in a free-market direction. Reform in trade regime less protection. Reform of corporate governments increase transparency. Reform of public services outsourcing some government responsibilities. World income distribution: today"s world income distribution can be shown as the share of the world"s population living in countries across a range of average incomes (see figure. Ppp,000 and ppp,000: the middle-income countries tent to fall towards the low end. Inequality: the choice of several different plausible measures and samples can affect the conclusion we make about the trend of world income distribution, 3 core measures of inequality. Concept 1: average incomes between countries (unweighted) Concept 2: average incomes between countries (weighted by population)
