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Global 120 Final
Concepts to Review
48
Other
Undergraduate 3
11/20/2011

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Term
Neoliberalism
Definition
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.
Term
John Willimason
Definition
orignator of the Washington Consensus
Term
Washington Consensus
Definition
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).
Term
Free Trade
Definition
prices emerge from supply and demand, and are the sole determinant of resource allocation.
Term
IFI
Definition
International Financial Institutions
Term
IFI Definition
Definition
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.
Term
Examples of IFI's
Definition
IMF and World Bank
Term
Formal name of the World Bank
Definition
International Bank for Reconstruction and Development
Term
Neo-classical economics
Definition
an explicit ideology that masks political force as economic freedom
Term
The Shock Doctrine
Definition
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.
Term
Marshall Plan
Definition
(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.
Term
Structural Adjustment
Definition
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.
Term
EPZ
Definition
Export Processing Zones
Term
EPZ Definition
Definition
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
Term
Jan Nederveen Pieterse Ideology
Definition
Marriage of Reaganomics and the Chicago School
Term
Proto-neoliberalism
Definition
1940 - 1970: Dixie Campitalism and race/class revolt of conservatives in the 1970's Anti-union, racial "plantation economies, controlled by white oligarchies
Term
Roll-back Neoliberalism
Definition
1980's end of Cold War and Structural Adjustments
Term
Roll-out Neoliberalism
Definition
1990's corporate penetration of the Global South and private sector finance and consumerism
Term
Islamism
Definition
set of ideologies holding that Islam is not only a religion but also a political system.
Term
Mark Juergensmeyer wrote which book
Definition
Global Rebellion: Religious Challenges to the Secular State
Term
Juergensmeyer theory
Definition
can one be a modern person with being a secular nationalist
Term
Religious identity was considered (according to Juergensmeyer)
Definition
bad, communalism or tribalism
Term
Secular-Nationalism - common view
Definition
not as a reflection of God or culture of the "will of its individual citizens) essentially liberal
Term
Third Worldist's
Definition
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.
Term
Another word for Religious communalism
Definition
Religious transnationalism
Term
Timothy Mitchell wrote
Definition
McJihad: Islam in the US Global Order
Term
Thesis of McJihad
Definition
Is Islamism a rebellion against globalization i.e Westernization, americanization MacDonaldization
Term
Islamists have tended to be more capitalist and more aligned with US and global business interests
Definition
True
Term
Social equality and independence from US or neocolonial power was only achieved under secular-nationalist/Third Worldist Governments
Definition
True
Term
Alter Globalizationism Origins
Definition
1970's Anti-IMF Riots
1980's Protests against Thatcher, Reagan, military dicatorships
1994 Zapatista rebellion against NAFTA
Term
AGM
Definition
Alter-globilization Movement
Term
What created the First World Social Forum
Definition
The 2001 French-Brazilian coalition proposing the "Tobin Tax"
Term
alter-globalization
Definition
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.
Term
Dystopia
Definition
the idea of a society in a repressive and controlled state, often under the guise of being utopian
Term
Developmentalism
Definition
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.
Term
Free Trade
Definition
prices emerge from supply and demand, and are the sole determinant of resource allocation.
Term
Beijing Consensus was written by:
Definition
Joshua Cooper Ramo
Term
Beijing Consensus First Guidline
Definition
Involves a "commitment to innovation and constant experimentation.
Term
Beijing Consensus Second Guideline
Definition
Per Capita Income (GDP/capita) should not be the lone measure of progress.
Term
Beijing Consensus Third Guideline
Definition
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.
Term
Beijing Consensus
Definition
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.
Term
Nehru's Model
Definition
Large civil service employment base, state sponsored industries, Non-aligned Third Worldist foreign policy
Term
ISI
Definition
Important Substitution Industrialization
Term
Important Substitution Industrialization
Definition
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.
Term
Amin Saikal's two views:
Definition
Islam fundamentalism and Islamophobia
Term
Islamophobia
Definition
describes prejudice against, hatred or irrational fear of Islam or Muslims
Term
Islamic fundamentalism
Definition
a term used to describe religious ideologies seen as advocating a return to the "fundamentals" of Islam: the Quran and the Sunnah
Term
Some Causes of the complex relationship between the Christian West and the Muslim Word (according to Saikal)
Definition
The Iranian Revolution, The Soviet Invasion of Afghanistan, The creation of the state of Israel
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