DVM 1100 Lecture Notes - Lecture 6: Washington Consensus, Neoconservatism, Dependency Theory

• School: University of Ottawa
• Department: International Development and Globalization
• Course: DVM 1100
• Professor: Mahmoud Masaeli

Document Summary

1st stage: mid 19th century to wwii. 2nd stage: frederic hayek and mount perelin society. Neoliberalism essentially about the free trade within and between the nations/states. It is about free movement of goods, resources, and enterprises to nd cheaper sources. The goal is ef cient in transactions for maximizing pro ts. How to achieve the goals: more privatization of the public enterprises, cut in public expenditures, deregulation of the market, the smaller state, what about the state? integrate the national economy into global market. Came into play when there was massive in ation and unemployment with the promise that problems can be xed if the world follows the neoliberalism ideas. The goal is to do busses for pro ts. Concerned about the conditionalisties imposed on borrower countries. String attached loan conditionality"s on liberalization of trade, investment and the. Nancial sector, deregulation and privatization of nationalized industries. These are without due regard for the borrower countries" individual circumstances.