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CHAPTER 27: GLOBALISM’S DISCONTENTS
JOSEPH E
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“The international financial institutions have pushed a particular ideology- ​talism​- that is both
bad economics and bad politics
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Beneficial Globalization
a
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“Government took an active role in managing the economy”
ii
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Each of the most successful globalizing countries determined their own pace of
change
c
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The Darker Side of Globalization
a
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Globalization has failed to live up to its potential
3
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Often times happen to a country that had nothing to do with the root situation and
inside came from an outside country
b
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Unfair lending and borrowing between rich and poor countries
4
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High volatility: increases the risks of investments, request higher than normal
profits----> creates poverty, increases the likelihood of recessions
b
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So much of the burdens fall on the
poor and middle classes
i
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Governance of Globalization
a
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Governance through Ideology
a
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A single ideology dominates
7
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Ex: US insisted that China be treated like a developed country even though it is
actually a low-income developing country
b
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Intellectual property rights
d
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Global Social Justice
a
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There is more awareness of this inequality
c

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