SOC101Y1 Chapter Notes - Chapter 11: Import Substitution Industrialization, Neoconservatism, Invisible Hand
Document Summary
Chapter 11: inequality among nations: perspectives on development. Introduction: women in philippines work in horrifying conditions, globalization: processes leading towards greater world integration economically, politically, socially, culturally, in government policies, communications and consciousness, globalization of production brought working conditions like this to many areas in. World bank involving stabilization and structural change (government deficits, inflation; encourage foreign exchange earning through exports, and saving through government spending cuts on social services and food subsidies) Why are there rich and poor countries: western-centric. In their view: poor countries can develop only by weakening ties to rich countries, abandoning capitalism and developing their own economic, political, and cultural resources. International agreements (nafta) protect privileges of transnational corporations, which restrict elected governments from redistributing wealth to the poorest billions. Class and unequal benefits: class differences, e. g. Brazil- richest 1% control 50% of nation"s income; poorest half live on 10% of the country"s income.
