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Chapter 8: The Global Wave Techno-Economic Currents.

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Presentation on theme: "Chapter 8: The Global Wave Techno-Economic Currents."— Presentation transcript:

1 Chapter 8: The Global Wave Techno-Economic Currents

2 The Global Economy 1.Neoliberalism 2.Economic Globalization 3.Financialization

3 The Philosophy of Neoliberalism 1.Self Interest Motivation 2.Benefits of Financial Gains 3.Competitive Behavior 4.Materialist Consumption 5.Free Markets most Efficient 6.Governments Provide Infrastructure & Laws 7.Economic Growth Best

4 Ten Principle of Neoliberalism 1.Free Trade 2.Deregulation 3.Cut Taxes for Wealthy 4.Money will Trickle down to Poor 5.Government support for Infrastructure and Subsidies 6.Privatize 7.Economic Growth 8.Commodification 9.Depress Wages 10.Economic Globalization is Good

5 Ronald Reagan and Margaret Thatcher

6 Economic Globalization Increasing expansion of capitalism around the world, integrating non- capitalist economies into a world economic system.

7 Managed Capitalism

8 Cochabamba Water Wars

9 Carlos Slim Helu

10 World Bank

11 International Monetary Fund

12

13 The World Trade Organization

14

15

16

17 State Capitalism

18 Damascus, Syria, Souk

19 The Core

20 Slum

21 SlumSlum

22 SlumSlum

23 SlumSlum

24 SlumSlum

25 Advantages for Core Nations 1.Technological Advantage 2.Influence on World Bank, WTO and IMF 3.Access to Natural Resources and Markets 4.Media and Communication Monopolies 5.Controls National and International Policies 6.Military Advantage

26 North American Free Trade Association NAFTA

27 Walmart: “every day low prices.”

28 Wal-Mart's Externalized Costs 1.Health Care Cost 2.Low Wages 3.Overtime 4.Loss of Local Tax Revenue 5.Subsidies and Tax Abatements 6.Infrastructure Subsidies 7.Loss of U.S. Manufacturing Jobs

29

30 Eat Some Peanuts!

31 Questions About Growth 1.Growth of what? 2.Growth for whom? 3.Who pays for growth? 4.At what cost is growth? 5.What is the real need? 5.What is the most direct and efficient way for those who have that need to be able to satisfy it? 6.How much is enough? 7.What are the obligations to share?

32 Patterns of Labor Service Workers and Manufacturing Workers

33 U.S. Manufacturing Worker

34 A Maquila in Mexico

35 Local Capitalism

36 Local Capitalism, Artisans

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