GS101 Lecture Notes - Lecture 3: Canadian Dollar, Monetary Policy, Suharto
Document Summary
Steger"s definition: economic globalization refers to the intensification and stretching of economic connections across the globe (p. 37) Closer, stronger economic and financial connections all over the world. Bretton woods (1944 and following): imf. Develops policy in terms of global finance. Kinds of regulations that are put up in particular countries. President of the imf is (usually) a european currently, she"s from france: wb (formerly ibrd) Continues to bring loans and development programs to different countries to help them build up their structures and economies. President of the world bank is always american: gatt (now wto) General grievant on tariffs and trade / world trade. Can impose rules and organization on world trade (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) Leaves everyone to their own devices and the world will achieve peace/nirvana. Canada has become more neo-liberal current federal government is letting market forces take over. Us is more neo-liberal health care is not government- funded.
