GPHY 254 Study Guide - Final Guide: Neoliberalism, International Development, Social Change
12 Dec 2014
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Debt, structural adjustment, and social and economic impacts. We have seen examples of strategies some caribbean countries have used to improve their social and economic positions. However, by the 1990s, there is overwhelming evidence of social and economic decline with greater dependence on funding from international finance institutions. Examine the crises that limited these development strategies, and provide examples of some of the social and economic challenges island states currently face. Questionanswer1980s social/economic declinenegative implications!-developing interested ignored!-severe penalty if agreements are not met! !nafta!-detrimental decline 1995-97 within caribbean as production is moved to mexicoconcepts3 phases o neoliberalism (peck/tickell !proto development (70s)!roll back trade liberalization, market deregulation, elimination of fdi barriers, reduce state involvement, protectionism and privatization (80s)!roll out wb/imf implement neoliberalism (90s)! Economy becomes more ef cient, free market without protection or regulation! !social reproduction!-care and socialization!-long term security to exist!dependence on international financial institutionsinstitutions implement saps in developing countries!imf stabilization loans!wb lt loans!!
