LO9 - Neo-liberal reforms forced open highly regulated...

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INTB 3351 Lecture Outline The Emergence of the Second Global Economy, 1971-1998 1. End of Bretton-Woods System (1969-1971) Dollar glut/Gold crisis U.S. abandonment of Gold Standard Removal of capital controls, currencies allowed to “float” 2. Post Bretton Woods End of Long Boom Increased International Capital Flows Recycling of Petrodollars 3. Emergence of the Second Global Economy – Process 1 Free Market Reforms Volcker Counter-Shock Third World debt crisis and structural adjustment
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Unformatted text preview: Neo-liberal reforms forced open highly regulated economies 4. Emergence of the Second Global Economy - Process 2 Oil price collapse, or Third Oil Shock (1985-1986), and end of Cold War (1989-1991) Elimination of alternative development models and sources of aid Third World nations transformed themselves into emerging markets The End of History Terms Petrodollars Reaganomics Paul Volcker Brady Plan Structural Adjustment TINA (There is No Alternative)...
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This note was uploaded on 11/09/2011 for the course INTB 3353 taught by Professor Prodan during the Fall '08 term at University of Houston.

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