PSC 1001 Lecture Notes - Lecture 11: Chauvinism, Counterargument, Foreign Direct Investment
Document Summary
Real world effects >> is it bad or good: depends on certain indicators, depends on what countries you"re talking about. Intersectification of linkages, relationships, and dynamics across a border. Capital market integration: before: there were capital controls >> states wanted to have control of the economy, liberalization: 1970s, transformed production led to foreign direct investment (fdi) Investor power began moving money across the globe. Migration -- people started moving to cities. Non-governmental organizations (igos) (ex: world bank, imf, un, eu) Loans, grants: criticism of the world bank/imf. Tries to get countries to implement these neoliberal markets. Widening, depending, speeding up of global social relations. Communication >> phone calls internationally are much cheaper. Pre 1980s: isi"s - import substitution industrialization: walled off economy from globalization in order to foster domestic industries. 1980s liberalization: la began falling behind asian nics that were exporting, debt crisis >> investors stopped investing.
