POLS 3125 Lecture Notes - Lecture 22: Monetarism, Stagflation, Corporatism

• School: York University
• Department: Political Science
• Course: POLS 3125
• Professor: Glenn Goshulak

Document Summary

Bretton woods, fixed exchange rate, capital controls, imf, world bank. Social programs, public and private enterprises (mixed economy), tax and spend. Fordism: mass production/consumption, assembly line, corporatism (labour-capital- state) Focus on low inflation versus full employment. Keynesianism: state corrects market (cid:858)ne(cid:449)(cid:859) philosophy: state adapts to (cid:373)arket (cid:858)i(cid:374)ter(cid:374)atio(cid:374)al (cid:272)o(cid:373)petiti(cid:448)e(cid:374)ess(cid:859) is the (cid:374)e(cid:449) o(cid:271)je(cid:272)ti(cid:448)e. Canada: by 1990s, of all jobs and 2/3 of national gdp were generated by the service sector activities. De(cid:272)li(cid:374)e i(cid:374) (cid:373)a(cid:374)ufa(cid:272)turi(cid:374)g does(cid:374)(cid:859)t (cid:373)ea(cid:374) de(cid:272)li(cid:374)e i(cid:374) output. Primary sector (high pay and status, security, benefits) Secondary sector (low pay and status, no security or benefits. Canada: the proportion of jobs that are part-time grew steadily from under 5% in the. 1950s to over 19% in 1996-1997 and still at 18. 5% in 2004. No more link between mass consumption and mass production. Consumption now based on ads, trends, fads, etc. Neoliberalism: a shift in policy (shrinking the state) Fordism: mass production/consumption, assembly line, corporatism (labour-capital- state), collective bargaining.