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Announcements

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Announcements Waterloo-Germany Exchange Open to all students. Receive UW credits-language fluency-International experience! Info session from 12:30-1:30 p.m. Thursday ... – PowerPoint PPT presentation

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Title: Announcements


1
Announcements
  • Waterloo-Germany Exchange
  • Open to all students.
  • Receive UW credits-language fluency-International
    experience! 
  • Info session from 1230-130 p.m. Thursday, Feb.
    5, 2004, ML 245
  • Check out the web site at  http//germanicandslav
    ic.uwaterloo.ca/exchange/.
  • OIL POLICIES and the FUTURE of INDIGENOUS
    TERRITORIES IN THE ECUADOREAN AMAZON
  • Dr. Pablo Ortiz Andean University
  • Thurs., Feb. 5th, 400 Hagey Hall 150

2
Announcements
  • CANCELLED TUTORIALS, Tuesday, Jan.27th
  • next week will be following the regular
    tutorial schedule!!

3
Mid-Term Exam
  • Thursday, Feb.12, in class
  • 80 minutes please do not come late
  • two sections
  • short answer (paragraph) 60
  • multiple choice 40

4
Mid-Term Exam
  • short answer (paragraph) 60
  • three sections each worth equal weight
  • each section will present choice of two questions
  • Section A Axioms of Political Science and
    Introduction to Globalization
  • Section B Global Institutions I
  • Section C Global Institutions II

5
Mid-Term Exam
  • multiple choice (40)
  • 24 questions covering...
  • 19 readings (up to and including Feb. 5th)
  • 5 videos (up to and including Feb.5th)
  • Coca-Colonization
  • This is What Democracy Looks Like
  • Life and Debt
  • To Have and Have Not
  • Russia

6
International Organizations and Security
  • http//www.cbc.ca/stories/2004/01/28/kay_testifies
    040128

7
International Organizations
  • Trade Economic Interdependence --
  • The WTO, NAFTA EU (Contd)
  • Jan. 27th, 2003

8
European Union (EU) Economic Political
Integration
  • expansion deepening and broadening integration
  • European Coal and Steel Community, 1951
  • six countries (Belgium, France, Germany, Italy,
    Luxembourg, the Netherlands)
  • European Economic Community (EEC), 1957
  • negative integration removing restrictions on
    movement of workers, goods, services
  • Denmark, Ireland and UK admitted, 1972
  • European Union, 1993
  • positive integration actively fostering
    integration
  • Maastricht Treaty, 1992
  • Amsterdam Treaty, 1997
  • 15 members currently
  • Greece (1986), Spain (1986), Portugal (1986),
    Austria (1995), Finland (1995), Sweden (1995)

9
European Union (EU) Economic Political
Integration
  • 2004 expansion
  • 10 candidate countries (Bulgaria, Czech Republic,
    Estonia, Cyprus, Latvia, Lithuania, Hungary,
    Malta, Poland, Romania, Slovenia, Slovakia,
    Turkey)

10
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11
European Union (EU) Economic Integration
  • single market
  • free movement of people, capital (investment),
    goods and services
  • customs union
  • single set of trade/tariff policies
  • monetary union
  • the Euro
  • phased in 1999-2002
  • common labour market
  • Schengen Agreement, 1985

12
European Union (EU) Political Integration
  • common political institutions
  • legislative shared legislative powers
  • Council of the European Union
  • ministers and heads of state of member countries
  • European Parliament
  • direct election
  • executive European Commission
  • President and commissioners appointed by member
    states
  • confirmed by European Parliament
  • judiciary Court of Justice

13
European Union (EU) Political Integration
  • common political institutions
  • common European citizenship
  • freedom of movement
  • fundamental rights
  • civil and political rights
  • common social citizenship (limited)
  • access to social programs in other countries
  • common currency
  • money traditionally symbol of sovereignty
  • requires integrated monetary policy
  • regional development funds
  • to help correct regional imbalances in wealth
    within the EU

14
Main Points!
  • range of options for integration
  • economic integration
  • negative integration (removing barriers to
    economic integration)
  • trade (WTO GATT)
  • trade plus (NAFTA)
  • positive integration (actively fostering
    integration)
  • common market (EU)
  • political integration
  • economic integration only
  • WTO and NAFTA
  • economic integration and political integration
  • EU

15
Democratic Issues...
  • to what degree do democratically elected
    governments have the right to cede sovereignty in
    international agreements?
  • to what degree do democratic governments have the
    right to make decisions that are binding on
    future governments?
  • what is the required level of citizen engagement?
  • is involvement of democratically elected
    governments enough?
  • do international institutions themselves have to
    be democratic (and what would this mean)?

16
Globalization Third World Development
  • World Bank and the IMF
  • Jan. 27th, 2004

17
The World Bank -- Functions
  • International Bank for Reconstruction and
    Development (IBRD)
  • ensures access for middle-income and
    credit-worthy poor countries to low-cost
    borrowing in capital markets
  • funds are raised on the international capital
    markets
  • 11.5 billion (2002), 371 billion cumulative
  • International Development Association (IDA)
  • long-term (35-40 year) interest free loans
  • aimed at poorest countries
  • funds are raised by contributions from richer
    member countries
  • 8.1 billiion (2002), 135 billion cumulative
  • sets conditions -- http//web.worldbank.org/WBSITE
    /EXTERNAL/EXTABOUTUS/IDA/0,,pagePK3A1186447EtheS
    itePK3A73154,00.html

18
The World Bank -- Structure
  • corporation-style institution
  • owned by 184 member countries
  • corporate structure
  • CEO, Board of Directors, shareholders
  • President American
  • US is single largest shareholder
  • executive directors
  • top five shareholder countries appointed
  • rest by election
  • votes by number of shares

19
World Bank, Votes by Country, 2002
20
The IMF -- Function
  • functions to promote...
  • international monetary cooperation
  • expansion of trade
  • exchange rate () stability
  • allow member countries to correct maladjustments
    in balance of payments
  • balance of paymentsexports-imports
  • to allow countries to continue paying for imports
    without imposing import controls
  • provides short-term loans at market-related rate
    of interest
  • lower interest rates for poor countries (as of
    mid-1980s)
  • requires structural adjustment plan

21
The IMF -- Function
  • Poverty Reduction and Growth Facility (PRGF)
  • Poverty Reduction Strategy Papers
  • concessional lending (i.e. low interest)
  • http//www.imf.org/external/np/exr/facts/prsp.htm
  • Highly Indebted Poor Countries (HPIC) Initiative
  • debt relief (joint IMF/World Bank)
  • http//worldbank.org/hipc/about/about.html
  • eligible HPIC countries undertake sustained
    implementation of integrated poverty reduction
    and economic reform programs

22
The IMF -- Structure
  • all loan arrangements must be approved by
    Executive Board
  • fund is based on quotas on members
  • based on the relative size of their economies in
    the world economy
  • votes based on size of quota contribution
  • IMF and the US -- http//www.nytimes.com/2004/01/0
    8/business/08FUND.html?ex1075525200en2e26ea5a76
    a51764ei5070

23
IMF, Votes by Country, 2002
24
The Washington Consensus
  • principles underlying the policies of World Bank
    and IMF
  • new model of neo-liberal economic development
  • market liberalization
  • privatization
  • economic stabilization
  • deregulation
  • World Bank and IMF structural adjustment policies
    (SAPs)
  • argument that loans were ineffective in fostering
    development without changes to ensure a healthy
    economy
  • countries had to be able to pay loans back
  • countries had to get the basics right
  • SAPs -- conditional loans issued to countries to
    pursue policy reforms in keeping with 4 goals
    above

25
The World Bank, IMF and Structural Adjustment
  • the critique
  • In whos interest? Just ask...who set it up?
    former Jamaican President, Michael Manley
  • World Bank
  • allows rich western industrialized countries to
    dictate the path of development in their own
    interests
  • project their preferred model of development on
    the domestic policies of developing countries
  • wield imperialistic power over developing
    countries through the mechanism of debt
  • IMF
  • as above, plus...
  • allows rich western industrialized countries to
    expand their markets
  • ensures that debts of developing countries (to
    interests in developed countries) are paid

26
The World Bank, IMF and Structural Adjustment
  • the defense
  • what is the alternative?
  • would anyone argue that poor countries be denied
    IMF and World Bank loans?
  • capital (necessary for development) would not
    otherwise be available on the open market
  • however, cannot simply give money away...
  • countries must be able to show that they will be
    able to pay it back
  • best way to do so is to get the basics right
    create conditions for economic development
  • to some significant degree, this is where the
    difference lie
  • basic problems of poverty and underdevelopment
    are not created by World Bank and IMF

27
The World Bank, IMF and Structural Adjustment
  • the counter-critique
  • international institutions (e.g. IMF, World Bank)
    would be more sensitive to needs of developing
    countries if they had stronger representation of
    developing countries
  • there are other alternatives
  • e.g. debt relief

28
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