Creating a Global Economy
colonial roots, international organizations and
inequitable power relations
cold war globe
development paradigm

was supposed to...
level the playing field
create trade alliances
foster global economy
make independ...
new world order
global institutions
World Bank + IMF
  WB = lending institution
  IMF = monitor world currency
  short ter...
1960-70s--shift
height of decolonization efforts
shifted to former colonized nations
1970s rise in oil $-- goes to western...
Who is valued?
threats:
“The foreign assets of a country that refuse to pay its
debt would be attacked by creditors throug...
structural adjustment programs
 social + economic strings attached
   privatize
   wage freeze
   export
   reduce tariffs...
“aid”
movie questions

what is the relationship between “development” and
debt?
what is the role of “developed” nations in the c...
Ces 244 04 Slideshare
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Ces 244 04 Slideshare

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Ces 244 04 Slideshare

  1. 1. Creating a Global Economy colonial roots, international organizations and inequitable power relations
  2. 2. cold war globe
  3. 3. development paradigm was supposed to... level the playing field create trade alliances foster global economy make independant nations (of former colonies)
  4. 4. new world order global institutions World Bank + IMF WB = lending institution IMF = monitor world currency short term loans offical/unofficial rules
  5. 5. 1960-70s--shift height of decolonization efforts shifted to former colonized nations 1970s rise in oil $-- goes to western banks lending increases + large scale projects no accountability bubble bursts
  6. 6. Who is valued? threats: “The foreign assets of a country that refuse to pay its debt would be attacked by creditors throughout the world; its exports seized by creditors at each dock where they landed; its national airlines unable to operate; and its sources of desperately needed capital goods and spare parts virtually eliminated. In many countries, even food imports would be curtailed.” new DEBT repayment focus new set of policies/programs
  7. 7. structural adjustment programs social + economic strings attached privatize wage freeze export reduce tariffs/subsides/protections (trade liberalization) mono-industries/crops effects
  8. 8. “aid”
  9. 9. movie questions what is the relationship between “development” and debt? what is the role of “developed” nations in the creation of “developing” nations’ debt? How does national debt effect individuals? And who is negatively effected?

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