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Glossary of SOCL 105 Test 2

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Created by alexS

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EOI
Export
Oriented
Industrialization

3rd world manufacture



NIC
Newly
Industrialized
Country



TNC
Transnational
Corporation

Assembly line nations


BIP
Border
Industrialization
Program

Mexico cheap labor



IT
Information
Technologies
EPZ
Export
Processing
Zone

Specialized manufacturing export areas, over local market



NIDL
New
International
Division of
Labor

Movement of deskilled tasks to low wage regions
Splits (skilled, $) and casual





Saipan
US territory
"Made in America"
Comparative Advantage
Exploitation




Lean Production
Mix full-timers and temps
"Just-in-Time" supply patterns
Difference between 1st and 2nd green revolutions
1: public initiative for national markets

2: private initiative for global markets

2nd green revolution
Geared towards feed crops, not food crops
Cool Chains
Produce year-round from different regions
NAC
New
Agricultural
Country

Support global markets



Global Sourcing and Regionalism
"Flexible mass production"

Allows segmentation of consumer markets based on class

Military interventions led to...
3rd world opening up

U.S. led

State-corporate developmental partnerships



NIEO
New
International
Economic
Order

G-77 proposal to better 3rd World trade
Tech, sovereignty, trade reform





Global finance
Offshore dollar market

Nixon ended dollar-gold standard

Liberalized international financial relations



Debt crisis issues
Cold War containment encouraged military rule

Corruption

Debt Trap
Had to curtail imports and raise exports

BUT

commodity prices were at 40-year low





1986 3rd world debt amount?
$1 trillion wing-wangs
Debt management
IMF rules

Debt blamed on shortage of foreign currency

Political power and debt management
Used to shift repayment burden to poor
SAP
Structural
Adjustment
Policies

Decrease public spending
Devalue currency
Increase exports
Miserable failure






Impacts of loan conditions on Mexico
malnourishment
Wages fall
Poverty increases
Prices of staple foods rise, they export them and import farm products


Debt crisis impacts

Bank debt became public debt

Exacerbated demise of 3rd world

Made "4th world"



Tanzania
Response is to intensify informal economy

90% of this is women, old, kids

GATT
General Agreement on Tariffs and Trade

Negotiates to lower trade barriers

WTO
World
Trade
Organization

Replaces GATT as forum
Stronger dispute settlement procedures




WB and IMF critiques
Rigid austerity

Defaulting hurts poor the most

Not far enough



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