W S 201 Lecture Notes - Lecture 8: Structural Adjustment, International Monetary Fund, Neocolonialism

• School: Iowa State University
• Department: Women's Studies
• Course: W S 201
• Professor: Michele Schaal

Document Summary

For ooed, globalization is: economic, transnational, potentially negative. What triggered globalization: technological innovation, role of policies. Benefits: economic growth (bric, expanded choice/variety, more encounters between cultures. Increased volatility (financial crises: small countries = vulnerable, gender/class still matter, putting profit over people. 16th-19th centuries: european countries annexed other countries. Corruption and endemic poverty = powerless position. Neocolonialism = imperialism = tied to globalization. Developed and developing worlds (cid:862)third world(cid:863) = alfred au(cid:448)y (cid:894)(cid:1005)95(cid:1006)(cid:895) World system: 1st = industrialized, 2nd = communist, 3rd = decolonized. Clai(cid:373)i(cid:374)g (cid:862)(cid:1007)rd (cid:449)orld(cid:863) = used agai(cid:374)st itself (cid:862)(cid:1005)st world(cid:863) = (cid:272)lai(cid:373)i(cid:374)g superiority. Liberalization: little regulation of all markets (global) Privatization: government-owned to private sector (macro) Western institutions determine global economic, financial, and trade policies: world bank. Developing nations: loans = based on sap, = financial dependence, = endless debt. Cultural hegemony/homogenization = capitalist culture and values as norm. Consequences within developed countries: outsourcing, budget cuts, bigger wealth gap.