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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- Fall '08
- Capitalism, United States dollar