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SOAN101 What does it mean to be modern? W15

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Julie Jenkins

on 3 April 2015

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Transcript of SOAN101 What does it mean to be modern? W15

What does it mean to be modern?
--How have gender relations, marriage and courtship changed for the Gebusi? Why?
What experiences do women have in the market? Why do they engage in market transactions?
What aspirations do school children have?
GDP per capita Purchasing Power Parity

--US: $51,704
--UK: $36,569
--Mexico: $15,363
--Jamaica: $8,916
--PNG: $2,088
--Haiti: $1,229
--Congo: $365
Uneven global income distribution & uneven domestic income distribution
GDP of PNG-- $15.29 Billion
--US-- $16.8 Trillion
PNG: 32% under poverty line
globally: 17%; over 1 billion people
--40-50% under $2/day

Role of the State vs
Role of the Market
neo-liberalism won-- philosophy of free market, no state intervention
WB- Structural Adjustment Loans
IMF- Structural Adjustment Programs
1. reduction of public spending (social programs, food subsidies)
2. currency devaluation
3. privatization of state enterprises (industry, water, electricity, phones)
4. reduction of wages to attract foreign investors
5. reduce export prices
6. trade liberalization (eliminate restrictions on imports)
-food prices went up, wages went down
-energy, water, etc left to market pricing
-reduced purchasing power

What new forms of male dominance have emerged?
What changes did Knaft encounter in his last trip to visit the Gebusi?
Would "westernization" or "localization" best describe the process of globalization experienced by the Gebusi?
What global processes and institutions have affected the livelihoods and experiences of Jamaican?
Why did Jamaica accept IMF loans in the late 70s?
IMF & World Bank
loans, aid aimed at stimulating the industrialization process, rather than for social investments
i.e., setting up infrastructure, energy systems, export base
affect by Oil Crisis of 1970s
--OPEC partly embargoes oil
--cost of oil rises from J$65 mil in 1973 to J$177 mil in 1974
--decline in price of major export- bauxite
1960s- highest income inequality in world
--wealthiest 20% of population owns 61% of the nations wealth
--10% owns 64% of land
--1960- unemployment 12%
1969- unemployment 31%
IMF loans $75 Million in 1977
--recover economy to be able to re-pay existing debts
What did the IMF ask Jamaica to do with their economic policies??
Full transcript