MMW 15 Lecture Notes - Lecture 8: Carbon Footprint, Environmentalism, Saps Ii
2 Mar 2019
School
Department
Course
Professor
Reminders for Final:
--Friday Sep 7th from 11:30 a.m. to 2:30 p.m.
--Bring an unmarked blue-book
Two essay terms will pop up, they will be related to the course
An Equitable “Third Way”?
Beyond a Capitalist/Communist Binarism
Key global challenge--how to distribute wealth equitably
More about how to distribute wealth
(1)
i)
No longer an “either/or” choice between capitalism and communism
More perhaps looking for a third way that entails a hybrid
system
(1)
ii)
Example of Scandinavian
Iceland, Sweden, Finland, Denmark
(1)
Past 20 years, they have been very successful following a
mixture of a free market system and intervention
(2)
Human development index--> one measurement of the success
of a country
Measures adult literacy, life expectancy, wealth
distribution
(a)
(3)
iii)
a)
Gini Coefficient
What we use to measure the degree of equality in terms of
wealth distribution
(1)
Degree of equality in wealth distribution
i)
0 means perfect equality; 1 means perfect inequality
Lower--> more equitable
(1)
Higher--> less equitable
(2)
ii)
b)
I)
Poverty and “SAPing the Third World”
The First World’s Stranglehold on the Third World
Imposition of Structural Adjustment Programs in 1980s
SAP
(a)
i)
a)
II)
Lecture 8: Challenges for the 21st Century
Wednesday, September 5, 2018
11:04 AM
SAP
Priority was to privatize
a)
(a)
Giving out loans that came with conditions. The
conditions had one purpose--> impose trickle down
capitalism
(b)
Imposing the globalization on the developing third world
countries
Must agree to abandon most of their welfare
programs--> cut down on public spending
a)
(c)
IMF and World Bank mandates on most Third World countries
The third world countries were starting to default on their
loans
(a)
Most of these third world economies relied heavily on
loans
(b)
(1)
Globalization of Reaganomics or Thatcherism
Abandon state-funded development and welfare programs
Cut down public spending
(a)
(1)
General down-sizing of public sector
Get rid of regulations on food prices
(a)
Cut back on farmers
(b)
Expand private sector--> downsize public sector
Private investors come in and basically take over
things
a)
(c)
(2)
Globalization at the expense of domestic growth
Supply and demand affecting pricing
(a)
(3)
Why not allow some form of protected markets in Third
World?
(4)
ii)
Anticipated benefits for SAPs in 1990s
Short time suffered for long time wealth
(1)
Opposite of what they wanted happened
(2)
iii)
Repercussions in the Third World
.67 --> global average of Gini Coefficient in 2000
(1)
Plight of Poverty
Between 1980 and 1986, urban poverty in Latin America rose
by 50%
Public downsizing of the public sector, decreasing public
spending (close schools), down size government--->
higher unemployment
(a)
Downward social mobility
(b)
So many small farmers--> economies were opened up to
(c)
(1)
i)
b)
Document Summary
-friday sep 7th from 11:30 a. m. to 2:30 p. m. Two essay terms will pop up, they will be related to the course. Key global challenge--how to distribute wealth equitably (1) No longer an either/or choice between capitalism and communism (1) More perhaps looking for a third way that entails a hybrid system. Past 20 years, they have been very successful following a mixture of a free market system and intervention. Human development index--> one measurement of the success of a country (a) Measures adult literacy, life expectancy, wealth distribution b) What we use to measure the degree of equality in terms of wealth distribution i) ii) 0 means perfect equality; 1 means perfect inequality (1) (2) The first world"s stranglehold on the third world i) Imposition of structural adjustment programs in 1980s (a) The conditions had one purpose--> impose trickle down capitalism. Imposing the globalization on the developing third world countries a)
