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s a market-driven approach to economic and social policy based on neoclassical theories of economics that stresses the efficiency of private enterprise, liberalized trade and relatively open markets, and therefore seeks to maximize the role of the private sector in determining the political and economic priorities of the country. |
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orignator of the Washington Consensus |
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a list of policy proposals that appeared to have gained consensus approval among the Washington-based international economic organizations (like the International Monetary Fund (IMF) and World Bank). |
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prices emerge from supply and demand, and are the sole determinant of resource allocation. |
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International Financial Institutions |
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financial institutions that have been established (or chartered) by more than one country, and hence are subjects of international law. Their owners or shareholders are generally national governments, although other international institutions and other organisations occasionally figure as shareholders. |
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Formal name of the World Bank |
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International Bank for Reconstruction and Development |
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an explicit ideology that masks political force as economic freedom |
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exploding the myth that the global free market triumphed democratically. story of how America’s “free market” policies have come to dominate the world-- through the exploitation of disaster-shocked people and countries. |
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(officially the European Recovery Program, ERP) was the large-scale American program to aid Europe where the United States gave monetary support to help rebuild European economies after the end of World War II in order to combat the spread of Soviet communism. |
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are the policies implemented by the International Monetary Fund (IMF) and the World Bank (the Bretton Woods Institutions) in developing countries. These policy changes are conditions for getting new loans from the International Monetary Fund (IMF) or World Bank, or for obtaining lower interest rates on existing loans. Conditionalities are implemented to ensure that the money lent will be spent in accordance with the overall goals of the loan. The Structural Adjustment Programs (SAPs) are created with the goal of reducing the borrowing country's fiscal imbalances. |
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also called foreign-trade zone, formerly free port is an area within which goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities |
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Jan Nederveen Pieterse Ideology |
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Marriage of Reaganomics and the Chicago School |
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1940 - 1970: Dixie Campitalism and race/class revolt of conservatives in the 1970's Anti-union, racial "plantation economies, controlled by white oligarchies |
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1980's end of Cold War and Structural Adjustments |
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1990's corporate penetration of the Global South and private sector finance and consumerism |
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set of ideologies holding that Islam is not only a religion but also a political system. |
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Mark Juergensmeyer wrote which book |
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Global Rebellion: Religious Challenges to the Secular State |
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can one be a modern person with being a secular nationalist |
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Religious identity was considered (according to Juergensmeyer) |
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bad, communalism or tribalism |
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Secular-Nationalism - common view |
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not as a reflection of God or culture of the "will of its individual citizens) essentially liberal |
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tendency within left-wing political thought to regard the division between developed countries, and developing countries or "Third World" nations against the background of primary political importance. Third-worldism tends to offer support[weasel words] to Third World nations and national liberation movements against Western nations or their proxies. Key figures in the Third Worldist movement include Frantz Fanon, Ahmed Ben Bella, Gamal Abdel Nasser, Ali Shariati, Andre Gunder Frank, Samir Amin and Simon Malley. |
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Another word for Religious communalism |
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Religious transnationalism |
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McJihad: Islam in the US Global Order |
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Is Islamism a rebellion against globalization i.e Westernization, americanization MacDonaldization |
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Islamists have tended to be more capitalist and more aligned with US and global business interests |
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Social equality and independence from US or neocolonial power was only achieved under secular-nationalist/Third Worldist Governments |
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Alter Globalizationism Origins |
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1970's Anti-IMF Riots 1980's Protests against Thatcher, Reagan, military dicatorships 1994 Zapatista rebellion against NAFTA |
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Alter-globilization Movement |
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What created the First World Social Forum |
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The 2001 French-Brazilian coalition proposing the "Tobin Tax" |
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the name of a social movement that supports global cooperation and interaction, but which opposes the negative effects of economic globalization, feeling that it often works to the detriment of, or does not adequately promote, human values such as environmental and climate protection, economic justice, labor protection, protection of indigenous cultures and human rights. |
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the idea of a society in a repressive and controlled state, often under the guise of being utopian |
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an economic theory which states that the best way for Third World countries to develop is through fostering a strong and varied internal market and to impose high tariffs on imported goods. |
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prices emerge from supply and demand, and are the sole determinant of resource allocation. |
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Beijing Consensus was written by: |
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Beijing Consensus First Guidline |
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Involves a "commitment to innovation and constant experimentation. |
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Beijing Consensus Second Guideline |
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Per Capita Income (GDP/capita) should not be the lone measure of progress. |
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Beijing Consensus Third Guideline |
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Urges a policy of self-determination, where the less-developed nations use leverage to keep the superpowers in check and assure their own financial sovereignty. |
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Term that represents an alternative economic development model to the Washington Consensus of market-friendly policies promoted by the IMF, World Bank and U.S. Treasury, often for guiding reform in developing countries. |
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Large civil service employment base, state sponsored industries, Non-aligned Third Worldist foreign policy |
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Important Substitution Industrialization |
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Important Substitution Industrialization |
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Is a trade and economic policy that advocates replacing imports with domestic production. It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. |
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Islam fundamentalism and Islamophobia |
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describes prejudice against, hatred or irrational fear of Islam or Muslims |
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a term used to describe religious ideologies seen as advocating a return to the "fundamentals" of Islam: the Quran and the Sunnah |
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Some Causes of the complex relationship between the Christian West and the Muslim Word (according to Saikal) |
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The Iranian Revolution, The Soviet Invasion of Afghanistan, The creation of the state of Israel |
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