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Globalization Test 2

TermDefinition
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.
Created by: hope_fsu