The Washington Consensus (the Consensus) and related structural adjustment provisions (SAPs) are methods of economic policymaking for a developing society. It has bred a neoliberalist miasma in Latin America, asserting themes of privatisation, deregulation and liberalisation. Here, Williamson (2000) proposes a tripartite argument for the Consensus; rapid economic development is ingrained in nation policies; supplementary focus of such policies as ‘pro-poor’, aimed at poverty reduction; and governmental
1. Concept definition When Durkheim uses the term “anomie” in Suicide, he is referring to disorienting social upheaval. Anomie occurs when one’s place in society, or society itself, is disrupted by a crisis or a sudden transition. In these situations, society is incapable of exerting the sort of influence required to restrain individuals’ expectations and desires. This assertion is based on the understanding that, without society, an individual’s desire would be insatiable. Society alone can soothe
The IMF and Greek Debt Crisis 11.02.2015 Naama Kates IMF and the Greek Debt Crisis: "The ‘miracles’ performed by credit are fundamentally comparable to the ‘miracles’ an association of counterfeiters could perform for its benefit by lending its forged banknotes in return for interest. In both cases, the stimulus to the economy would be the same, and the only difference is who benefits." – Maurice Félix Charles Allais, 1988 winner of the Nobel Memorial Prize in Economics (NobelPrize.org, 2015)
The French Revolution was an influential period of social and political upheaval in France that lasted from 1789 until 1799, and was partially carried forward by Napoleon during the later expansion of the French Empire. The Revolution overthrew the monarchy, established a republic, experienced violent periods of political turmoil, and finally culminated in a dictatorship by Napoleon that rapidly brought many of its principles to Western Europe and beyond. Inspired by liberal and radical ideas, the
European economic and political expansion in Southeast Asia in the last quarter of the 20th century resulted in the greater integration of the region into the international economy. Six ‘new’ states emerged – Indonesia, Malaya, Burma, the Philippines, Indochina and Thailand. Discuss economic and social change in the region with reference to ONE Southeast Asian state. Economic and social change within Indonesia Introduction After over a quarter century of sustained economic growth,
The Mexican Revolution erupted in 1910 amid worldwide political violence that saw major upheavals in China, Iran, and Russia and less far-reaching uprisings in Morocco, the Balkans, and South Africa. As in the other sites of major upheavals, Mexico saw divergent economic, social, cultural, and intellectual currents join together to create revolutionary forces that overwhelmed the political landscape. In Mexico, as in Iran, Russia, and China, self-interested members of the provincial and local elites
When global financial and economic downturn hit Europe in 2008, some of its debt-ridden and deficit-bearing states were utterly ill-prepared. Greece, especially, became the crisis’s first and most abject victim (Pappas, 2013). In 2009, the incoming Panhellenic Socialist Movement (PASOK) administration announced that the Greek government had been severely underreporting its deficit and debt. Both the domestic and international communities were at a loss at how to respond. Never before had the Eurozone
Argentina’s Post-Crisis Economic Reform I. Summary a. Following a steep currency devaluation and the largest sovereign debt default in history, Argentina entered a deep recession with high unemployment and social upheaval i. Brought to power new gov’t ii. With it, a shift away from market-oriented policies toward greater gov’t control of the economy in the pursuit of social equity b. Policies reflect priority for financial independence, social equity, and what may be considered a commitment to populist
The French Revolution of 1789 was one of the biggest upheavals in history. You may be wondering what exactly led this to happen, but there was multiple long range causes. Political, social, and economic conditions ultimately led to the discontent of many French people especially those of the third estate. The ideals of the Enlightenment brought new views to government and society. Before the revolution, the majority of France was living in poverty. Peasants were entirely at mercy of their class
proportional representing, it was extremely hard for any party to receive a majority of the votes within parliament, this led to the creation of coalition governments. During the period of 1919-23, Germany endured great political upheaval, firstly, in January 1919 when the Social Democratic Party oppressed the rebellion of the communists, better known as The Spartacist Revolt. Between March and May 1919, the communists were suppressed by the Freikorps, where they attempted to takeover the Munich