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week 4 - o Periphery Nations Escalating Tariff • Tariff...

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Disc 18:11 Capitalism and Globalization Mid 1800s o Britain Liberalism o Wild 1930-1970 o USA o Keynesian o Monopoly o Democratic 1980-Present o Everywhere o Neo-Liberal o Competition o Supercapitalism Global Capitalism Hierarchy of nations: core (Developed-Industrialized), semi-periphery,  periphery (poor) Prosperity and Poverty Stiglitz: Globalization isn’t working o 1. The rules are unfair o 2. Focused on material values o 3. Limits State Sovereignity o 4. Not Everyone benefits (but we’re told that they do) o 5. Economic Globalization is forced on countries
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Winners o Core Consumers o Periphery Labor o Corne Nations o Periphery Nations – at least the poor countries have jobs o Investors o TNC’s Losers o Core Labor o Periphery Labor
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Unformatted text preview: o Periphery Nations Escalating Tariff • Tariff on primary goods are very low Making Trade Fair • Free Trade causes o Unemployment. Why? o Prevents protection of infant industries. So What? Escalating Tariffs Technology • Corporations are the biggest winners? o What is corporate social responsibility? o Reducing monopolies and corporate power. o Making corporations (and their executives) legally liable o Standardize laws globally Tar corruption Krugman: Don’t get carried away • A global economy is still a normal economy, following normal rules • It’s about mutually beneficial exchange, not competition o Productivity o High-value sectors o Jobs 18:11 18:11...
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