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Old 07-08-2011, 05:47 AM
  #1
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Globalization Thread

Globalization has played an important role in these failures

  • Predictable effect on inequality within advanced industrial economies
    -Effects on developing countries harder to explain
  • Unfair trade treaties have compounded problems in developing countries
  • Problems compounded by asymmetric liberalization
  • Africa has neither resources nor education to take advantage of new opportunities
  • Latin America followed advice of IMF/WB
    -best “student” of Washington Consensus policies
    -Capital market liberalization exposed them to huge volatility; privatizations were often corrupt
  • Contrast between Transition countries following Washington consensus policies and China and Vietnam (which did not) is marked
  • Africa exploited even in post-colonial world
    -Exacerbating general problem of inequality
    -But had been left without the education, technology, and resources to take advantage of new opportunities
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Old 10-28-2011, 10:21 PM
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I've learned about globalization in my Human Geography class and it's truly horrible for this planet and everyone on it
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