Globalization Test 2
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| 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.
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| Corperatocracy | Shaddowing organization behind international debt, investment and lending. Ensure the protection of people or groups wealth.
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| 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.
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| Class allience Vs. Perkins theory | He presented class allience but just walked us through perkins.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| Argentina | Ended up bouncing back on their own.
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| Russia Now | most or any sucess or failures comes from oil or natural gas prices.
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| Human cost | Healthcare in Greece,
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| 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.
🗑
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| 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.
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| Argentina | Ended up bouncing back on their own.
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| Russia Now | most or any sucess or failures comes from oil or natural gas prices.
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| Human cost | Healthcare in Greece, Greece cut hospital spending so that they could pay back investors.
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