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Neoliberalism - southern countries can’t pay their loans...

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Neoliberalism 13:41 Understanding Neoliberalism History-ies Ideology A mode of Governance: –Washington Consensus A policy package: SAPs Milton Friedman-founding father of these ideas  Historicizing or..how did this change occur? From Bretton Woods to Structural Adjustment, to… Historical Development 1960s &70s: development 1971 we go to complete fiat currency. No more money-gold ratio 1973: Global Recession OPEC oil crisis End of Gold Standard 1980s Latin American Debt Crisis 1982 Mexico Defaults on Loans
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Unformatted text preview: southern countries can’t pay their loans we were trying to get the developing world from the communist world IMF acted like a bank, but in 1982 they stepped in to help Mexico 1985/86 Baker Plan: Structural Adjustment monetary austerity the printing of money fiscal austerity the spending of government privatization things that were public are forced to become private financial liberalization DLP 13:41 13:41...
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