...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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...The Effects of Globalization and Neoliberalism on African Societies Globalization and neoliberalism are concepts that can be applied to the analysis of any aspect of modern day society. Social life in a particular area is filled with the constant spread of ideas, practices and beliefs due largely to globalization. This paper will provide an in depth view on the effects Globalization and neoliberalism has had on culture and development in African societies. Within Africa lies various intricate backgrounds from its colonialism roots to the shift towards globalization in the effort to promote development. Exposing the dynamics of globalization as well as its impact on African societies will lead to a better understanding of the relationship between Africa and the international community. Globalization, as defined by Held et al. , sees the issue “as a process (or set of processes) which embodies a transformation in the spatial organization of social relations and transactions--assessed in terms of their extensity, intensity, velocity and impact--generating transcontinental or interregional flows and networks of activity, interaction and the exercise of power.” (Held et al. 2004: 68), It involves the increased interaction between nations and the exchange of ideas, practices, relations and organization. (Ritzer 2008:574). One must be aware that the theory of globalization can be expressed through economic terms as well as sociologically. The...
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...materials. The report clarifies each member’s interaction and its power residents. This power resident and relationship can be reformed through social agenda setting. There is possibility that power-balanced society in capitalism can be diminished through its change into neoliberalism agenda. This is examined through reviewing Japan’s development in last couple of decade. Contents Table 1.0 introduction..............................................................................................3 2.0 Role and power resident.........................................................................3 2.1 The role and power resident of Government.....................................................3 2.2 The role and power resident of Corporations....................................................4 2.3 The role and power resident of Citizens...........................................................5 3.0 An Interaction of Government, Corporations and Citizens…………6 4.0 Character of social context (capitalism, neoliberalism)…………....7 4.1 A power interaction in Capitalism...................................................................7 4.2 A power interaction in Neoliberalism..............................................................8 5.0 Analyzing power relations in recent decades of Japanese society…10 6.0 Conclusion..............................................................................................12 7.0...
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...What impact has neoliberalism had on world politics? Neoliberalism is an economic philosophy that rose in prominence from the eighties following the elections of Margaret Thatcher and Ronald Reagan. Jones, Parker and Bos (2005: 100) summarise the essence of this view as “markets good, governments bad”. Neoliberalism argues that free trade is beneficial to all nations, that governments create inefficiency and waste, and that the distribution of goods should therefore be left to individuals and firms competing in the market to maximise their utility (WHO 2010). To ensure an efficient allocation of resources, neoliberalists argue for widespread liberalisation i.e. the reduction of rules and restrictions, and the privatisation of public enterprises. However, the reality of Neoliberalism has been very different to the theory. Regulation provides the framework within which markets work and enables the moderation of the externalities they produce, thus deregulation was in fact limited and was quickly followed by regulation (Levi-Faur 2005: 13). Because of this, Polanyi (in Peck, 2010: 330) writes: “the road to a free market was opened and kept open by an enormous increase in continuous, centrally organized and controlled interventionism”. In this essay, I look at the impacts of Neoliberalism on World Politics, focusing on two in particular. Firstly I explain that the policies of liberalisation and privatisation, albeit supported by regulation, have led to increasing inequality...
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...ECONOMICS ASSIGNMENT Introduction This assignment is focused on describing neoliberal globalization and identifying that how it has changed the relationship between business and governments. The perspective that what needs to be done in order to ought to the current situation is also discussed and analyzed in this assignment. The suggestions to the government are also provided regarding neoliberalism in this assignment. Neoliberal Globalization Neo-liberalism refers to economic liberalism which has become very important in the international economy (Kotz and David, 1998). Neoliberal globalization is defined as setting up the market free and private enterprises are free from any bonds or regulations imposed by the government of the state (Ong, 2006). Neoliberal globalization mainly promotes the concept of free market economy. The rules of neo-liberal globalization include cutting the public expenditure and reducing the social safety net. It also involves reducing the government regulations or everything that could result in reduction in the overall business profitability of the private enterprises (Harvey, 2005). The state enterprises are sold to the private investors and concepts of ‘public good’ and ‘community’ are eliminated and the individual responsibility is increased. There is a huge criticism that this system usually involves pressing the poorest people within the society which could result in social distress within the society. At the global level, the neoliberal...
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...Neoliberalism and the global financial Crisis Introduction The fusion of neoliberal beliefs and the western society started in the early 1970’s, it has incorporated in the society to such an extent that it can be portrayed as being impending. For more than forty years now neoliberalism has controlled governments, technology, housing and financial sector and has impacted our society in destructive ways. Neoliberalism reached a new height after the 2008 financial crisis leaving recession as an aftermath. Neoliberalism as explained by Harvey (2005) is a model of private enterprise which concentrates on the economy and its deregulation to empower a free market based monetary framework. Hillyard and Tombs (2004) see neoliberalism as a destruction breeding form of capitalism which they think makes a commanding dispute for, the state demanding to be considered in charge of methodically creating destruction. Neoliberalism as indicated by David Harvey is a "hypothesis of political monetary works on recommending that human prosperity can best be progressed by the augmentation of entrepreneurial opportunities inside of an institutional system portrayed by private property rights, individual freedom, unhampered markets, and free trade" (2005:2). The idea of neoliberalism in western social orders is connected with the Thatcher government in the UK and the Reagan government in the US which came to power in the late 1970s – mid 1980s henceforth presenting neoliberalism as a key financial...
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...He defines neoliberalism as “a system that positions the market as the answer to everything” and as a general shift from public services to private market (McRuer 2011). This form of politics assumes that a capitalistic market is irrevocably good and sensible and that market deregulation is the answer to everything while promoting institutions such as marriage and military. For queer people, this leads to a mainstream LGBT focus on market, family, and military-based inclusion rather than ending issues facing queer people of color or queer people living in poverty or transgender people or any queer people who do not want to join these normative institutions. Disabled people are also excluded from these institutions, but it is a different form of exclusion, an exclusion based on the idea that disabled people are not capable of contributing to capitalism and therefore are not truly people within American society. Neoliberalism tends to lead to anti-poverty type measures that supposedly focus on the “causes” of poverty without acknowledging that, without capitalism, there would be no poverty. Both disabled and queer people are more likely to live in poverty, but this does not mean that disability or queerness cause poverty. Only capitalism, neoliberalism, and the globalization of these values have that power. Ruer...
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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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...POS 264 INTRODUCTION TO GLOBALIZATION EXAM #1 ANSWER ALL QUESTIONS 1. List the myths about Globalization * Globalization is new * Globalization is inevitable * Globalization is a leveler 2. What is neoliberalism? * Dominant policy making rule set that represents a return, under new global conditions. 3. What are the three different forms of fair trade? * Removing EU and US agriculture subsidies * Emphasis on balancing trade liberalization with development needs and timing * Developing fair trade commodity chains for coffee, chocolate, olive oil, and other products where producers are assured a fair price. 4. What are the three bills of rights promoted by the Alter-globalization activists? * Communities * Cities * Ecologies 5. What is a commodity chain? * Money(+labor materials)= commodity production=sale………$ 6. Name two net effects of today’s global commodity chains? * Shrinkage of distance – “time space compression” * Increase demand for free trade 7. What are the three key phases in the global development of capitalism? * Global commodity chains * Global labor consumer ties * Global money ties 8. How do TNCs organize global commodity production? * Imperialism * Keynesianism * Neoliberalism * Producer driven commodity chains…push production. 9. What is a commodity? * Something that is bought and sold for money. 10. Name three features...
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...social justice with an emphasis on economic growth. And it is similar to globalization. Globalization includes three elements that are difficult decreasing, quick response to alterations, and multilateral trade liberalization. And accounting professional contains individual professional judgment and professional self-regulation. Globalisation brings many benefits but also a number of problems, for instance, low price labour used by multinationals that Increasing wages for highly-skilled workers and reducing wages for less-skilled workers obviously leads to greater inequality. Neoliberalism has also been unable to address growing levels of global inequality. In order to better focus on ethical education, accountants should consider ethical issues in various directions. And they should understand the requirements of students’ future employer, and how to guide students into a true ethical notion. Introduction With the development of society in the...
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...the nature of globalism is fundamentally asymmetrical, as the phenomenon is “pervaded & partially made possible by unequal power relations” (Sanabria, 2016). Subsequently, the relationship between indigenous Nicaraguan citizens living in the proposed construction zone, and the Nicaraguan government—partnered with Chinese investors—is reminiscent of the colonial hegemony present during Spanish rule. Watts aptly describes this relationship in reference to members of a small community who are indecisive on how to approach the situation: “the reality, however, is that – as when the first Spanish ships arrived in the 16th century…[the local inhabitants] will probably have little say in deciding their fate” (Watts). The parallels between the introduction of colonial rule and the current proposed project are not lost to Nicaraguan citizens either, as the head of the canal authority states that the situation is “like when the Spanish came here, they brought a new culture. The same is coming with the canal...it is very difficult to see what will happen later – just as it was difficult for the indigenous people to imagine what would happen when they saw the first [European] boats” (Watts, 2015). In this lens, little has changed for Nicaragua’s indigenous peoples between the colonial era and now, as representation and decision making power is still denied to them even in the face of a situation that so directly impacts their lives. Yet the influences of the canal proposal are not limited...
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...SOCIAL CHANGE Neoliberalism specifically refers to economic changes that also bring about changes in public policy, economic policy, the distribution of income and wealth, the weakening or elimination of labor, increased impoverishment, increased mass powerlessness, and even sometimes war and torture (class notes). For Klein neoliberalism is the rule of the market and corporations over the state therefore, meaning over the people. In her novel, The Shock Doctrine: The Rise of Disaster Capitalism she gathers together decades of economic catastrophes made by the United States, the IMF and the World bank. In this novel Klein is pushing to expose capitalism’s true nature,“ a policy the breeds poverty and crime” (Georgi Arbatov). Klein’s basic thesis and main point is that neoliberalism is dominating the world by using public disorientation such as wars, terrorist attacks and natural disasters to push through reforms that are not accepted. The introduction of the book Klein talks about the disaster in New Orleans, Hurricane Katrina, one of the many examples she uses to support her thesis, and how the Louisiana State Legislature in Baton Rouge were using this tragedy as an opportunity to change New Orleans. They spoke about building condos now that public housing was finally gone. One congressman said, “ We finally cleaned up public housing in New Orleans. We couldn’t do it, but God did”(page 4). Klein recalls what some of the victims commented on when they...
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...The post-WWII era was a period that brought about significant global social and economic change. With the conversion from domestic to export production due to increasing domestic production costs, First World nations sought after Third World labour as a way to reduce production costs. The rise of Third World industrialization, or newly industrialized countries (NICs), in the 1970s and growing throughout the rest of the century allowed the First World to keep up with rising consumption rates while keeping labour costs low. To represent the shift to export production, and to serve firms seeking lower wages and Third World governments seeking capital investment, export processing zones (EPZs) were created. Most EPZs are located in developing countries, and these zones attract employers as a solution to domestic production while also taking advantage of reduced trade barriers set up by the host nation in an attempt to reduce poverty, unemployment, and stimulate their domestic economy. The creation of these EPZs supported the rise of neoliberal globalization and the free market system throughout the latter half of the 20th century, which stated that the private sector would determine state priorities. This paper will examine the rise of EPZs and their connection to neoliberal globalization, as well as their relationship to the debt crisis of the 1980s and the growth of structural adjustment programs. With the Cold War immediately following WWII, countries were divided into a class...
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...08-11-2013 Formative essay 2. “With the increase in global interconnectedness, the scope of strategic policy choices available to individual governments and the effectiveness of many traditional policy instruments tend to decline”. Discuss. Throughout the last decades, the world has experienced a number of developments in for example the spatial, technological, economic, organizational and political areas (Scholte, 2005:91-101). These developments have given growth to an intense academic debate concerning whether or not contemporary society is being fundamentally restructured. The debate is dominated by different strands of scholars either believing in or rejecting this fundamental restructuring (Scholte, 2005:17-19). Central to the debate is states’ ability to decide for and implement policies independently. The object of this paper is to discuss if the scope and effectiveness of states’ strategic policy choices have declined due to the increase in global interconnectedness (Held and McGrew, 2003: 13). The discussion will focus on whether states different positions towards this issue. Also, the implications of economic interconnectedness on the welfare state will be considered. Bearing this in mind, the paper will begin by conceptualizing the term “state”. Also, an outline of the recent development leading to the so-called ‘globalization debate’ will be made in section II. This section will function as a preface to the discussion centered around the positions of sceptics and...
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...C T In this article, I examine the codification of an Italian work-related illness caused by mobbing, a type of psychological harassment that emerged at the moment neoliberal policies transformed Italy’s historically protectionist labor market. I trace how the medicalization of mobbing has expanded workers’ access to compensation, resources, and discursive tools for criticizing neoliberal labor conditions, even as it has produced new structures of surveillance. I unravel the neoliberal politics of a state that protects workers’ health yet governs worker–citizens through an apparatus of medical experts. I find that workers’ labor problems are experienced and managed as bodily problems in ways important to remaking Italian citizenship. [neoliberalism, state, labor, biopolitics, citizenship, bodies, Italy] An institution, even an economy, is complete and fully viable only if it is durably objectified . . . in bodies. —Pierre Bourdieu1 It was the spirit of capitalism made flesh. —Upton Sinclair2 n 2003, a new psychophysical disturbance, organizational coercion pathology (disturbi psichici e fisici da costrittivit` organizzativa sul a lavoro), or OCP, became a work-related illness that was insurable by an Italian state public-health institution (Istituto Nazionale per l’Assicurazione contro gli Infortuni sul Lavoro [INAIL] 2003).3 Telltale symptoms, often likened to those of posttraumatic stress disorder (disturbo post traumatico del stress), include anxiety and depression. According...
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