790-357 2-20-08

790-357 2-20-08 - Comp poli econ 2-20-08 neo-liberal very...

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Comp poli econ 2-20-08 neo-liberal – very radical market oriented reforms > to shrink down size of state and reduce government regulations, free up trade, reduce welfare systems (this is a bank term) - King and Wood as these 2 questions: - Why US/UK differ from CME (continental Europe)? o US/UK move toward policy neoliberalism (conservative movement) o UK had much greater transformation o Parallel from their writing on GB/US to Peter Paul’s model (not exact though) o Answer – they respond to common challenges but with very different institutional strengths and different histories - Why US and UK differ from each other? CME (coordinated market economies) vs LME (limited market economies) - All face similar problems o Trade and capital globalization This accelerates dramatically in 1970’s o Reduced effectiveness of government policy instruments 2 policies governments have used since WWII to manage economy Fiscal policy - is how governments manage their budgets and revenue Monetary policy – Consequence is that the tools the governments used to manage economy became less effective as the economies became more
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This note was uploaded on 04/07/2008 for the course POLI 357 taught by Professor Kaufman during the Spring '08 term at Rutgers.

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790-357 2-20-08 - Comp poli econ 2-20-08 neo-liberal very...

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