SOC236H5 Lecture Notes - Lecture 4: Noam Chomsky, Real Wages, Stagflation
26 Jan 2018
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Look for the readings: martin wolf says, richard baldwin might conclude, pankaj ghemawat would argue, gary pinkus, james manyika, and sree ramaswamy shows us that, contend, write. State what you think policymakers or other groups could or should do to improve economic condition. In 2008, a major financial crisis shook much of the global north: macroeconomics conditions bounced back relatively quickly, creating conditions where the top of the global income distributions went back. Placing blame: because globalization had been the dominant economic paradigm for decades the economic crisis was commonly thought to e consequences of globalization, but most studies agree that globalization is unevenly and only partially implemented. In fact, the causes of the financial crisis were a result of us domestic economic. In the 1970s, the deregulation of us financial markets led to expensive growth, but greater volatility: during a global economic downturn in the 1970s, a joint fiscal, social and legitimation crisis led to inflationary policies in us.
