Social Work 1022A/B Lecture Notes - Lecture 4: Structural Adjustment, Economic Globalization, Byrsonima Crassifolia
17 Feb 2017
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Globalization: free trade, expansion of investment, deregulation, free ow capital, debt crisis. Three main characteristics free trade and investment expansion, concentrated. Tnc power, enforcement and thc rights and protection: transnational corporations (tncs) Organizations that possess and control production of manufactured goods and services outside of the country in which they were established. Example: mcdonald"s, cocacola, ford, levi"s, apple: structural adjustment policies (saps) Countries in need went to international monetary fund) (imf) and world bank for a loan these organizations have been criticized for protecting tnc"s interests and have contributed to the privatization of social services. Agrees to lend money if borrowing country agrees to structural adjustment reduce social spending, and other expenditures, lower trade barriers, specialize production. As part of package, country may agree to mono cropping. Foreign corps. buy large tracts of land and hire former farmers and agricultural workers poor wages, poor working conditions, health risks, Tuesday, january 26, 2016: best of crops are shipped to foreign markets.
