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Globalization Test 2
Term | Definition |
---|---|
Corpratocracydc | sell people on things such as dams or canals, sort of like loan sharks. Guest lecturer claims that author claims they work for the U.S. |
Corperatocracy | Shaddowing organization behind international debt, investment and lending. Ensure the protection of people or groups wealth. |
Jackles | Group in a power structure that commit acts of violence primarily against foreign leaders proven not to be corruptable. They inflate bids , leaders know better but sign deals anyway. |
Class allience Vs. Perkins theory | He presented class allience but just walked us through perkins. |
Haircut Taxes | The aternative to structural adjustment done by the Greek government. Do not nee more money just need debt releif. Involved the Greek finance minister. |
Troika | Demmocratically unacountable, and international lending is generally this way. Normal democratic process. Provide money in short term to pay back existing debt. Like a balance transfer with the IMF being the new shiney credit card. |
Hot Capital (Speculative capital) | Remove restrictions on short term investments. Building things easy to liquidate like shares of businesses. Liquade and get out of the country quickly. Usually makes things worse. |
Policy Transfer Crisis | How the IMF and world bank find their way in to countries. There has been a shift in the last 10 years in the feild of places and to apply policy changes. More complex institutional structures and a whole world of descrete political unites. |
Convertability Plan | (Argentina) To fix thier peso to the US dollar. As the US fluctuated theris did too. Became a major problem when crisis struck Brazil, Argentina's biggest trading partner. |
Argentina | Ended up bouncing back on their own. |
Russia Now | most or any sucess or failures comes from oil or natural gas prices. |
Human cost | Healthcare in Greece, |
Policy Transfer Crisis | How the IMF and world bank find their way in to countries. There has been a shift in the last 10 years in the feild of places and to apply policy changes. More complex institutional structures and a whole world of descrete political unites. |
Convertability Plan | (Argentina) To fix thier peso to the US dollar. As the US fluctuated theris did too. Became a major problem when crisis struck Brazil, Argentina's biggest trading partner. |
Argentina | Ended up bouncing back on their own. |
Russia Now | most or any sucess or failures comes from oil or natural gas prices. |
Human cost | Healthcare in Greece, Greece cut hospital spending so that they could pay back investors. |