Women's Studies 1022F/G Lecture Notes - Lecture 4: Bretton Woods, New Hampshire, International Monetary Fund, Bretton Woods System
23 Nov 2016
School
Department
Course
Professor
Document Summary
Political economy is the interplay between economics, law and politics, and how institutions develop in different social and economic systems, such as capitalism, socialism and communism. Political economy analyzes how public policy is created and implemented. Globalization: processes through which countries and regions are integrated into a world capitalist market. In political terms, globalization has reduced the ability of governments to manage their national economies. Liberalization: ensuring a free-market economy by removing government interference in the free flow of money, goods, services and capital but not people. However not with people because of security and such. Deregulation: relaxing or removing state controls on wages, prices, foreign exchange rates. Reducing state regulatory functions to protect, for eg. , workers rights, the environment. Stabilization policies: reducing government spending and deficits, decrease in public sector jobs and expenditure on social programs. For example, 50% of people with phd"s are in contract positions. Specialization: in economic activities based on assumed comparative advantage .
