...A Criticism of Neoliberal Policies as a Method of Development * Neoliberalism is a philosophical theory that uses market value as the primary method of evaluating all aspects of life. Thus, the market is seen as the template for all other activities within a society, even those that involve an ethical dimension. (Paul Sukys, 2009) Thesis Statement: The pro-market principles that neoliberalism encourages do have benefits that, if managed realistically, are means of development and sustainment for countries worldwide. * “The neoliberal doctrine emphasizes competition over cooperation and in doing so encourages each individual to pursue his or her own well being, thus effectively creating "companies of one" who will sell whatever they possess (talents, property, abilities, education, and so on) in order to accumulate "points," in whatever way those points may be defined within a given system.” (Jason Read, 2008) * “Neoliberalization has not been very effective in revitalizing global capital accumulation, but it has succeeded remarkably well in restoring, or in some instances (as in Russia and China) creating, the power of an economic elite...” (David Harvey, 2007) * Neoliberalism is an ideology, method of governance, and a set of policies which originated out of classical liberalism and as a backlash to Keynesianism during the early 1980’s (Steger and Roy 2010:10-11) * Neoliberal intellectuals insisted that the ‘free market’ was a superior mechanism for...
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...Cosmopolitanism, Neo-liberalism, and Global Corporate Social Responsibility Introduction With the rise of globalization come several opportunities as well as threats. On one hand there is the opportunity to overcome problems such as world hunger, poverty, and abuse of human rights. However, on the other hand, globalization could pose as a threat against cultural diversity, as well as allow large corporations and rich governments to exploit human and natural resources in less developed countries. There has been much discussion and debate over how to approach globalization in a way that maximizes opportunities and minimizes threats, but of course it is not always clear which approach will do this. Two approaches in particular, which have been come to known as cosmopolitanism and neoliberalism, have developed and made lasting impacts on ideologies as well as policies. There are avid supporters as well as opponents of both, but in this paper, rather than compare the pros and cons of the two and argue for which one is superior, I would like to discuss if these approaches oppose each other or if in fact they compliment each other as an approach to globalization. As well, I will discuss the issue of social responsibility of multinational corporations in a globalized environment. Cosmopolitanism In order to evaluate the relationship of cosmopolitanism and neoliberalism as approaches to globalization, it is important to first have a clear understanding of the basic tenants and...
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...which sources of social conflict have vanished, “global integration”. Covering a wide range of distinct political, economic, and cultural trends, the term “globalization” has quickly become one of the most fashionable contemporary debates. Moreover, sharp differences continue to separate participants in this ongoing debate. “The anti-globalization movement is critical of the globalization of capitalism. Participants base their criticisms on a number of related ideas”. Supporters of this movement stand in opposition to the unregulated political power of large, multi-national corporations and against the rules of the trade agreements. Specifically, corporations are accused of seeking to maximize profit at the expense of unregulated work safety conditions and standards, labour hiring and compensation standards, environmental conservation principles, and “the integrity of national legislative authority, independence and sovereignty”. Anti-globalization activists base their fundamentals generally on democratic representation, human rights and more egalitarianism among states. The US Global Justice Movement, the UK Trade Justice Movement and the Alter-globalization activist group are analogous terms for the same international movement. The ideology behind the opposition to international financial institutions and transnational corporations is based on three single concepts. Generally speaking, protesters believe that the global financial institutions and agreements undermine...
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...The global movement is broadly critical of the policies of economic neoliberalism, or “corporate globalization,” that has guided international trade and development since the closing decades of the 20th century. Varied communities organizing against the local and national consequences of neoliberal policies, especially in the global South, connect their actions with this wider effort. * Industries have no respect for the environment. Large companies install their factories in third world countries, where environment legislation is more lax or almost nonexistent, they don’t only endangered, irreversibly, the biodiversity of the planet but also the native populations. * Massive inflows of foreign investment in developing countries cannot be effectively absorbed, especially in regard to environmental protection and workers' rights. This is because developing countries standards and enforcement mechanisms are not as well established. * Workers are seen as having their traditional lives irreversibly disrupted by globalization and/or being treated less favorably than the same multinationals would treat those in developed countries. In this instance, it is often recognized that local political sovereignty may not be enough; global rules are needed to ensure that multinationals can't exploit workers. * Countries' individual cultures are becoming overpowered by Americanisation. Several of the largest US brands (McDonald's and Starbucks) face particular opposition. ...
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...What is the current state of Latin American international relations, particularly relations with the United States? What is unique or “new” about the present situation? How much have we seen before? Make sure to discuss both economic and geo-political/security dimensions, and make reference to at least two historical periods, whether identified by particular doctrines, presidencies, or regimes of international relations. Current state of Latin Ameican international relations with the US— * Emerging independence from US—US is no longer the immediate partner of choice. Regional resentment of US perceived self-serving exercises of power * Economics: * Increased intra-regional economic integration—ALBA, UNOSUR * Expanding economic partners outside the hemisphere—China * Security: * States worry about subordination to the “gringos.” Address problems themselves or with immediate neighbors, rely less on US— * LatinAmerican presidents joined together to defuse tension between Colombia and Ecuador/Venezuela after Colombia’s March 2008 raid inside Ecuador * South American Defense Council (2008)—aimed at institutionalizing and coordinating “defense and security policies in the region while preventing and mediating conflicts within South America * United States: * Economic dependence on the region on the rise— * 50% of US energy imports (largest share accounted for by any region) * 32% of all US FDI ...
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...public focus on social reforms (Shifter & Jawahar, 2005). Despite the government’s stated emphasis on social safety nets to address poverty, they aim to establish Brito—the intended operations hub for the canal—as a free-trade zone and deep sea port, a goal more in line with neoliberalism. Neoliberalism is the belief that “unregulated markets are far better regulators of economic and social and cultural life” (Sanabria, 2016). As Sanabria notes, the intention to establish a free-trade zone is unsurprising in the framework of globalism, as neoliberal policies often arise from globalist influences (Sanabria, 2016). Neoliberalist ideology is typically characterized in two dimensions: a “retreat of the state from the social sphere,” and the creation of “conditions favoring above all the accumulation of capital and investment” (Sanabria, 2016). The role of globalism in promoting neoliberalism is best understood in relation to the latter interest, where the mechanisms for policies intended to promote fiscal security often include increasing international trade and investments—as is the ongoing circumstance with the Nicaraguan Canal and HKND (Sanabria, 2016). These neoliberal policies are in direct opposition to proclaimed leftist ideologies, as the removal of state involvement in the market often manifests in cutbacks in social spending (Sanabria, 2016). Furthermore, though the neoliberal policies are intended to promote rapid economic growth, Daley observes some experts’ concerns...
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...of social justice? R. ALAN WALKS Department of Geography, University of Toronto Mississauga, Mississauga, Ontario, Cananda L5L 1C6 (e-mail: alan.walks@utoronto.ca) Canadian cities are at a crossroads. The neoliberalization of governance at multiple scales, inadequate re-investment in urban infrastructure, increasing reliance on continental and international trade, and the restructuring of the space economy have combined to weaken Canada’s cities just as the global economic system is undergoing transformation. Canadian urban geographic scholarship has much to offer under current conditions, and is already making significant contributions in key areas. In particular, research on what might be called the contours and impacts of urban restructuring and the neoliberal city, immigration and cities of difference, and urban environmental justice show much promise and are likely to define the core of Canadian urban geography into the future. Key words: cities, urban geography, Canada, economic restructuring, neoliberalism, social justice L’urbain ` une ´poque fragile, incertaine et a e n´olib´rale: vers de nouvelles g´ographies de la e e e justice sociale? ` Les villes canadiennes sont a la crois´e des chemins. e Alors que l’´conomie mondiale traverse une p´riode e e de transformation, la situation des villes au Canada se pr´carise avec les effets de la restructuration e ` n´olib´rale de la gouvernance a multiples niveaux, e e l’insuffisance du r´investissement dans les e infrastructures...
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...recent past. The crisis are the European Monetary System that occurred in 1992-1993, The Mexican crisis 1994-1995, the Asian crisis 1997-1998 and the recent global financial crisis 2007-2009. The recent financial crisis has affected the international trade. The financial crisis began in the United States in 2007 in the housing market resulting in foreclosures. The crisis continued to grow and eventually turned into a global financial crisis as well as an economic crisis. As a result, some major banks, insurance companies and investment houses faced bankruptcy while others needed financial aid to continue operating. Many businesses involved in the international trade have been struggling in their financial management during the credit crunch because a business is supposed to remain successfully even during crisis times. The managers in businesses involved in the international trade have had to make decisions to help their organizations stay afloat during the financial crisis. Economists are of the opinion that a financial crisis results from feeble economic fundamentals for instance, fiscal deficit, reduced foreign reserve and increased foreign debt among others. The financial crisis eased in 2009 but its effects were felt globally. The effects on the international trade occur because of the trade links among countries at the global market through a contagious effect (Glick & Rose, 1999). The contagious effect means that when a financial crisis occurs in a country it creates a crisis...
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...Political System and Development: Politics in Jamaica takes place in the framework of a representative parliamentary democratic constitutional monarchy. The 1962 Constitution of Jamaica established a parliamentary state whose political and legal traditions closely follow those of the United Kingdom. As the head of state, Queen Elizabeth II - on the advice of the Prime Minister of Jamaica - appoints a governor general as her representative in Jamaica. The governor-general has a largely ceremonial role. Jamaica constitutes an independent Commonwealth realm. The Constitution vests executive power in the cabinet, led by the Prime Minister. Executive power is exercised by the government. Legislative power is vested both in the government and in the Parliament of Jamaica. A bipartisan joint committee of the Jamaican legislature drafted Jamaica's current Constitution in 1962. That Constitution came into force with the Jamaica Independence Act, 1962 of the Parliament of the United Kingdom, which gave Jamaica political independence. Constitutional safeguards include freedom of speech, freedom of the press, freedom of worship, freedom of movement, and freedom of association. The judiciary operates independently of the executive and the legislature, with jurisprudence based on English Common Law. The governor-general is largely a ceremonial figure who appoints the prime minister and senate seats through the advice of parliament and the prime minister. The prime minister exercises...
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...Broj 2 / Književnost i kultura / Tania Lewis - The Ethical Turn in Commodity Culture: Consumption, Care and the Other Tania Lewis - The Ethical Turn in Commodity Culture: Consumption, Care and the Other In a small courty ard at the Univ ersity of Melbourne, there is an unprepossessing, somewhat makeshift looking outdoor café called KereKere. The coffee on offer is organic, Fair Trade, Rainforest alliance-branded and sustainable: a list of options we'v e increasingly come to ex pect ev en in corporate café chains such as Starbucks. But at this café, customers are also asked to decide how the profits from that sale are distributed ev ery time they buy a coffee. As customers are handed their order, they are also presented with play ing cards that allow them to choose from a list of causes where the café's profits will go. The café thus operates in the spirit of ‘kerekere', a Fijian custom in which a relativ e or neighbour can request something that is needed and it must be willingly giv en with no ex pectation of repay ment. The café's y oung ethically minded owner sees this process as fostering ‘a culture that promotes community wellbeing'. At this café, the traditional economic ex change associated with the purchase of a cup of coffee has been subtly mov ed into other territories through the introduction of questions of gift giv ing, and of responsibility , care and ev en lov e (as we see here, the café's logo is a coffee cup with a series of hearts rising from...
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...Discussion Papers in Economics INDIA’S STANCE AT THE WTO: SHIFTING COORDINATES, UNALTERED PARADIGM Amit Shovon Ray* and Sabyasachi Saha January, 2009 Discussion Paper 09-06 Centre for International Trade and Development School of International Studies Jawaharlal Nehru University India * Corresponding author, e -mail: amit.shovon.ray@gmail.com INDIA’S STANCE AT THE WTO: SHIFTING COORDINATES, UNALTERED PARADIGM Amit Shovon RAY ∗ Jawaharlal Nehru University, India and Indian Council for Research on International Economic Relations (ICRIER), India Sabyasachi SAHA Indian Council for Research on International Economic Relations (ICRIER), India ∗ Corresponding author, e -mail: amit.shovon.ray@gmail.com INDIA’S STANCE AT THE WTO: SHIFTING COORDINATES, UNALTERED PARADIGM ♣ Abstract: India’s stance at the WTO has undergone a sea change since the beginning of the Uruguay Round. This paper attempts to trace the shifting coordinates of India’s position at the WTO. By focussing on three specific areas of negotiations, namely agriculture, services and TRIPS, the paper presents a theoretical analysis of how India’s stance at the WTO has evolved over time and whether it reflects any paradigm shift. In the light of international relations theory we argue that although the coordinates of India’s stance at the WTO have shifted over time, the underlying ‘neorealist’ position adopted by India remains by and large unaltered. I. Introduction The...
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...Opposition to Globalisation "Globalisation" is a term that became popular in the 1980's to describe the increased movement of people, knowledge and ideas, and goods and money across national borders that has led to increased interconnectedness among the world's populations, economically, politically, socially and culturally (Dreher,2008). Nowadays, the world is becoming more and more globalized. There is no country that can escape from globalisation. With globalisation, many countries get benefits from it. However, it also caused many negative effects from globalisation in many countries. As the ancient Chinese Philosopher Laozi said: “Good fortune follows upon disaster; Disaster lurks within good fortune; Who can say how things will end? Perhaps there is no end.” So it is natural to oppose globalisation. There are many arguments from different views. Some political scientists argue that globalization is making nation-states weaken and that the functions and power of nation-states will gradually take over by global (Dreher et al.,2008). Economists argue that businesses is becoming more competitive and more and more workers may be laid off due to greater competition. For environment, globalization is using up finite resources more quickly and globalization increases world greenhouse gas with carbon dioxide emissions which makes the air pollution worse. For cultural, the uniqueness of cultural is lost in favour of homogenization and a "universal culture" that draws heavily from...
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...Macro Context Of Management And Organisations Stream 18: Postcolonial Stream Proposal Pedro Castellano-Masias Universidad Peruana de Ciencias Aplicadas – UPC Escuela de Postgrado en Dirección de Negocios Universidad Peruana de Ciencias Aplicadas - UPC (Postgraduate Business School – UPC) Av. Salaverry #2255, San Isidro, Lima 27, Peru, Sud America Telephone: 511 419 2800 Fax: 511 419 2828 pedrocastellano@hotmail.com pcastell@upc.edu.pe Macro context of management at organisations Prof. Pedro Castellano-Masias Introduction Management literature is frequently involved with the practicalities of bearing organisational control in order to achieve the shareholders interests (Daft, R.; 2000), (Hodge, Anthony and Gales, 1998), (Kotter, J.; 1997). It seems to be assumed that in so doing the organisations ensure their profitability and survival. Main focus is then placed on technologies of control and efficiency while criteria regarding other stakeholders’ interests are not considered. There is little or none awareness whatsoever of the situation that it is imposed to the workers and their families, there is little account of the organisational impact on the community, there is a very limited awareness and attention regarded to the environmental implications of managerial and organisational activities. In addition, not enough is being said regarding the ways in which the past is shaping the future while preserving a system of privileges and exclusion. A social system of domination...
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...European Crisis in the 1970s and 1980s During the 1950s and 1960s, Europe experienced a period of prosperity. Harold Macmillan gives a sense of just how well these times really were when he says, “Let us be frank about it: most of our people have never had it so good,” (Judt, 324). As political parties moved more towards a common center, rather than towards extremism, a rebirth of democracy was created, underlined by growth and full employment. The support for social democratic ideas flourished along with the prosperity of the 1950s and the 1960s in Western Europe. This time was characterized by conservative individualism and economic growth through regulated capitalism (Mazower, 327). With the help of the Marshall Plan, a global market was encouraged among the European Community. Europe began to prosper, as economics were structured more towards a consumer society. To provide for this new consumer society, unemployment rates in the 1950s and 1960s naturally were low, at about 4-5% (Dr. Shearer - lecture), and therefore created an increase in the productivity of the European worker. When compared to the previous eighty years, labor productivity in Western Europe rose by three times between 1950 and 1980 (Judt, 326). However, as this prosperity continued, problems eventually began to arise. The prosperity of the 1950s and 1960s gradually evolved into a crisis of “post modernity” (Mazower, 328). A gradual increase in the prices over time during the 1950s and 1960s introduced...
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...WID approaches, whereby little attention was given to men and to power relations between genders.[5] The translation of the 1970s feminist movements and their repeated calls for employment opportunities in the development agenda meant that particular attention was given to the productive labour of women, leaving aside reproductive concerns and social welfare.[5] Yet this focus was part of the approach pushed forward by advocates of the WID movement, reacting to the general policy environment maintained by early colonial authorities and post-war development authorities, wherein inadequate reference to the work undertook by women as producers was made, as they were almost solely identified as their roles as wives and mothers.[5] The WID's opposition to this “welfare approach” was in part motivated by the work of Danish economist Ester Boserup in the early 1970s, who challenged the assumptions of the said approach and highlighted the role women by women in the agricultural production and economy.[7] A dominant...
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