The past year has been a tumultuous one -- the COVID-19 pandemic has changed the way the world works, but in ways that we do not yet understand, while #BlackLivesMatter has been challenging deep-seated structures of authority around the world.
We know that the COVID-19 pandemic is a pandemic of inequality -- marginalized and racialized communities are far more vulnerable to the SARS-COV-2 virus. We know that #BlackLivesMatter challenges structures of inequality. We live in a world that on the one hand is richer than at any other time in human history but which on the other hand sees hundreds of millions of people living in poverty and global inequality being historically unprecedented. These forces can be starkly illustrated: on 20 July 2020 Jeff Bezos, the richest man in the world, added US$13 billion to his wealth in just one day.
Our world can at times appear to be out of control and beyond our comprehension. Yet it is possible to cut through this complexity and and unpack the key factors shaping the contemporary world. Human inequality in global perspective is designed to enable you to understand how our world of unparalleled affluence and immense deprivation came to be. After all, if we want the world to become a better place the first thing that we must do is try to better understand it.
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The past year has been a tumultuous one -- the COVID-19 pandemic has changed the way the world works, but in ways that we do not yet understand, while #BlackLivesMatter has been challenging deep-seated structures of authority around the world.
We know that the COVID-19 pandemic is a pandemic of inequality -- marginalized and racialized communities are far more vulnerable to the SARS-COV-2 virus. We know that #BlackLivesMatter challenges structures of inequality. We live in a world that on the one hand is richer than at any other time in human history but which on the other hand sees hundreds of millions of people living in poverty and global inequality being historically unprecedented. These forces can be starkly illustrated: on 20 July 2020 Jeff Bezos, the richest man in the world, added US$13 billion to his wealth in just one day.
Our world can at times appear to be out of control and beyond our comprehension. Yet it is possible to cut through this complexity and and unpack the key factors shaping the contemporary world. Human inequality in global perspective is designed to enable you to understand how our world of unparalleled affluence and immense deprivation came to be. After all, if we want the world to become a better place the first thing that we must do is try to better understand it.
EP 05 Structural adjustment and development dilemmas, 1980 – 1995 PT 1: The debt crisis
Human Inequality in Global Perspective
10 minutes
5 years ago
EP 05 Structural adjustment and development dilemmas, 1980 – 1995 PT 1: The debt crisis
The debt crisis that emerged in the late 1970s and early 1980s forced a number of states in Asia, Africa and Latin America to seek out financial assistance from the International Monetary Fund and the World Bank. Assistance was given in exchange for a dismantling of the developmental state and the implementation of structural adjustment polices based upon macroeconomic stabilization, external trade de-regulation, and internal market liberalization. These policies have effectively continued into the 21st century, in the form of Poverty Reduction Strategy Papers in developing countries and austerity in the developed countries. Yet the success of these policies on their own terms can be questioned. At the same time, these policies laid the basis of contemporary globalization, and the inequality associated with contemporary globalization, by opening up states to inflows and outflows of trade and investment.
In Part 1 of this Episode, the origins and consequences of the debt crisis are discussed.
Human Inequality in Global Perspective
The past year has been a tumultuous one -- the COVID-19 pandemic has changed the way the world works, but in ways that we do not yet understand, while #BlackLivesMatter has been challenging deep-seated structures of authority around the world.
We know that the COVID-19 pandemic is a pandemic of inequality -- marginalized and racialized communities are far more vulnerable to the SARS-COV-2 virus. We know that #BlackLivesMatter challenges structures of inequality. We live in a world that on the one hand is richer than at any other time in human history but which on the other hand sees hundreds of millions of people living in poverty and global inequality being historically unprecedented. These forces can be starkly illustrated: on 20 July 2020 Jeff Bezos, the richest man in the world, added US$13 billion to his wealth in just one day.
Our world can at times appear to be out of control and beyond our comprehension. Yet it is possible to cut through this complexity and and unpack the key factors shaping the contemporary world. Human inequality in global perspective is designed to enable you to understand how our world of unparalleled affluence and immense deprivation came to be. After all, if we want the world to become a better place the first thing that we must do is try to better understand it.
