POL201Y1 Lecture Notes - Lecture 11: Investment, Limited Government, Classical Liberalism
Document Summary
Globalization: what people are thinking of as contemporary mechanism for democracy, how does globalization undermined democracy, influence, the (cid:272)o(cid:374)te(cid:454)t (cid:449)e"re li(cid:448)i(cid:374)g i(cid:374, what are the implications of globalization for democracy and development. If development is defined as increasing exports [globalization leads to development] If development if defined as increasing wealth and well-being among the poorest. If freedom is highest good there is organic symmetry: globalization is about spread of free markets, neoliberalism, second argument, capital market development can unseat authoritarian governments by preventing their rent-seeking activities and increasing the bargaining power of business. It depends what the elites decide to do with the unrest: her argument is basically, globalization can go either way [lead to repression or democracy] and which faction of local elites win, globalization creates unequal development. If government is unresponsive, its legitimacy will faltered. Lots of countries are in multiple trade agreements: the threat to very social foundations of contemporary democracies.
