Globalization

  1- How are capitalist societies distinguished from preceding social systems? [Hint: Frame your answer with reference to “the generalized adoption, all across the economy, of certain specific forms of individual economic behavior”.] 2- What does globalization mean? Some scholars argue that it is a process that is both inevitable and irreversible. Do you agree or disagree? 3- What are some of the key similarities and differences between the first and second waves of globalization? Elaborate your answer by referring to increasing economic openness, growing economic interdependence and deepening economic integration in the world economy. 4- Should the “Golden Age of Capitalism” be understood as an era of expanding globalization, or that of an enduring de-globalization? Support your answer with a discussion of the rise and fall of the Bretton Woods system. 5- What are the main causes and consequences of the 1982 debt crisis? 6- How did the role of the International Financial Institutions (IFIs) change from Bretton Woods to Neoliberal Globalization? Elaborate your answer by identifying key aspects and principles of the Structural Adjustment Programmes (SAPs).