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Gilman's Critique of Intellectual Patriarchy Print E-mail
Sep 08, 2006 at 07:32 PM

© 2006 Go-Essays® All Rights Reserved

Gilman's Critique of Intellectual Patriarchy

          Feminist authorship has been an apt forum for protest throughout literary history.  By its very principle, the notion of a female writer flies in the face of conventional gender expectations, with a prohibitive patriarchal perspective long depriving women of educational, social and occupational opportunities.  In Charlotte Perkins Gilman’s 1899 narrative, “The Yellow Wallpaper,” the narrator employs an almost absurdly servile sentiment and an emotional bluntness that, in concert, constitute an articulate critique of society’s rampant sexism.  The narrator, a woman who suffers from boredom and depression, is quite clearly an well-adjusted and self-aware individual who is, therefore, prone to introspection, ambition and intellectual inquisitiveness.  These are all qualities that were regarded in her time as distinctly male, with the socially proscribed roles of women providing no outlets for such inclinations.  By satirizing the cruel condescension and arrogant disregard of men toward these impulses, Gilman submits a sharp and well-conceived criticism of gender inequality.

          Her marriage serves as a perfect vessel for exploration of the imbalance between the sexes, with the extremity of her husband John’s chauvinistic proclivities starkly highlighting the story’s central thrust.  John is a caricature of the haughty, dismissive and unconsciously malicious 19th century male, demonstrating callously the ill-treatment to which female emotion was subjected.  A physician, John recommends that his wife sleep all day in order to revive her ‘nervous’ health.  The narrator, for at least the first half of the piece, characterizes frequently her depression, her misgivings about her life and her grievances with the ‘big room’ all as personality faults, encouraged in this belief by her husband.  She remarks, with no small degree of irony, that John “is very careful and loving, and hardly lets me stir without special direction.”

          Such special direction includes an insistence that she cease thoughts of a career, adventure, visits with stimulating acquaintances and especially writing.  These prescriptions only drive the woman further into depression, invoking a sense of guilt over the inconvenience of her condition to her loving husband.  She laments at one point, “I meant to be such a help to John, such a real rest and comfort, and here I am a comparative burden already!”  It is the author’s intent to draw a response of disgust from the reader here, effectively forcing a recognition of the institutionalized prejudices which barred women from even expressing themselves emotionally, let alone growing according to their wishes.  The narrator’s description of her sister-in-law provides a telling foil to her own crushing malaise.  Noting it in explicit contrast to herself, the woman observes that “she is a perfect and enthusiastic housekeeper, and hopes for no better profession. I verily believe she thinks it is the writing which made me sick!”  This provides a useful point of inflection as to the limitations truly placed upon women.
 
          When the metaphor of the yellow wallpaper comes into play, shapeless and revolting but quite visibly falling away from the walls, its representation of female docility and domesticity is clear.  Here is where the author not only cites a problem, but offers a solution.  First, it is reflected in her obsession with a figure, theretofore unseen, now becoming gradually more apparent within the tasteless wallpaper pattern.  The narrator notes that “the faint figure behind seemed to shake the pattern, just as if she wanted to get out.”  Soon, the woman that has consented to her husband’s poor medical advice, disinterested emotional partnership and intellectual disrespect is no longer. 
 
          Fixated on the figure behind the pattern, the narrator begins to see her everywhere from her isolated spot in the room.  In response, she commits to tearing the yellow wallpaper recklessly aside, declaring symbolically a liberation for women forced to hide behind a hideous and repetitive pattern of bland, unimaginative and unfulfilling lives.  When her husband, so stolid and emotionally inconsiderate through the story’s duration, faints at the site of his emotionally disturbed wife manically shredding the room’s wallpaper, there is a crucial shift of roles.  The husband has shown himself to be vulnerable, and his subjugated wife is for the first time beginning to feel the power of self-determination.

          The author’s message may still have a great deal of relevance, more than a century after its composition.  The narrator’s emotional dilemma is perhaps still more common than one might hope or imagine.  Detained in a cyclical pattern of uninspired banality and its resultant disruption of motivation, the woman in Gilman’s story offers an exemplar of resistance.  For the reader, her husband’s infuriating absence is ultimately countered by a rewarding confrontation in which he is perhaps finally made to understand that which he refused to see for so long.  In the resolution, Gilman has provided an allegory which is equally compelling in its treatment of man and woman. 

Bibliography:

Gilman, Charlotte Perkins.  (1899)  The Yellow Wallpaper.  American Literature        Research and Analysis Web Site.  Ret. 3/16/06     <http://itech.fgcu.edu/faculty/wohlpart/alra/gilman.htm#INSERT%203>

 

 

Civil War Print E-mail
Sep 08, 2006 at 07:24 PM

© 2006 Go-Essays® All Rights Reserved

Factors Leading to the Civil War

The legal case study of Dred Scott v. Sanford serves to elucidate the fundamental causes of the Civil War through an analysis of societal transformations. The friction created through Supreme Court rulings, most notably within the Missouri Compromise of 1850 and federal law, as well as the divide that occurred between slave states and free states provided the initial thrust towards hostile conflict. America’s ideological thoughts on slavery began to change, too. Indeed, as the abolitionist cause began to grow in strength and size, and as Abraham Lincoln spoke of freedom for all men and women, war began. Thus, the crux of the conflict that led to the Civil War was slavery, and Dred Scott v. Sanford finally brought the immorality of the institution to America’s consciousness. 

The first cause of the Civil war can be viewed through the territorial issues that slavery eventually brought to Missouri and California. In the former case, Missouri was entering the Union when there was a balance of both free and slave states (eleven, respectively). However, because Missouri was a slave state, there entrance would disrupt the balance in Congress (1). A compromise was made by creating Maine and labeling it as a free state, which thus kept the balance of free and slave nations, and the Missouri Compromise was born. With the Mexican-American War over, the United States once again had to deal with the issue of territory and slavery in California, but as the author of the text notes, “the Compromise of 1850 failed to resolve the question of how a nation committed in theory to principles of liberty and equality could tolerate chattel slavery on its soil” (1). The moral question hovered over some of the most thoughtful leaders who would begin the abolitionist movement.

The abolitionist movement was growing with power in the North, changing some of the nation’s opinion on slavery which either led to the call the institutions complete elimination or opposition to the abolitionist movement. Naturally, the tensions here beseech conflict. And after the Dred Scott v. Sanford decision, which stated black men and women whether free or slaves “could never be citizens of the United States”, and that, furthermore, “Congress had no authority to abolish slavery in territories controlled by the federal government” (1), America’s    consciousness had seemingly been awakened to the immorality of slavery.

Even so, the movement against slavery had not been inclusive. Some of the people had opposed the movement towards freedom, as naturally the slaves provided their owners financial capital and cheap labor. Slaves were an economic tool that would further the white man’s capital. In others eyes, some began to see the disparate and unequal treatment slaves received from a nation that preached ‘equality and justice for all’, which has truly never been the case, and fought to eradicate the institution of slavery for a greater purpose. The heated debate on slavery had serious implications because America was built upon forcible work and labor, and those who were reaping the benefits were numerous and wealthy. They would not just give their slaves over because of some ‘ideological conscious growing movement’; no, they would fight to secure their way of life and their revenues.

In review of these problems, it is clear that the Civil War could not have been avoided unless slavery was to remain in society. Those who fought against slavery were as equally as passionate as those who wanted it to remain, and it was up to the national leaders to demonstrate and implement those fundamental with which this country was built upon.

Free Trade, Poverty, and Developing Countries Print E-mail
Sep 08, 2006 at 07:16 PM

© 2006 Go-Essays® All Rights Reserved

An Ignored Relationship: Free Trade, Poverty, and Developing Countries

I. Introduction

Trade liberalization is often seen as an important, if not vital, element to eradicating poverty levels. There is evidence that trade liberalization increases growth and production levels while improving the overall economy.  This is a widely held belief that can be traced back to classical economists such as Adam Smith (1776) and David Ricardo (1815) and has been rigorously put into an international practice for over twenty years (Winters 2000). However, even in spite of the studies that ‘prove’ trade liberalization’s benefits, there is still a mounting hostility with the process itself, especially by the millions who have been thrown into poverty from market liberalizations.  Indeed, the growing enmity culminated into the Seattle protests against the World Trade Organization (WTO) in 1999, and, historically, there have been outspoken opponents against free trade that can fill volumes.

The effort to diminish poverty levels cannot be overstated in its importance, which is exactly what free trade proposes to achieve.  However, the methods employed and the ways in which free trade policies have been implemented not only cause a great deal of controversy, but also produces inequitable results that often exacerbate the economic woes of developing nations.  Although the long-run goal of globalization and free trade is to eradicate poverty levels, they have fallen woefully short in the current and historical state. 

This discussion will be primarily focused on trade liberalization and its connection to poverty, but it will also provide an overview of the key players involved in free trade, and the exhausting debate around it.  An overall understanding of this very complex issue will help provide a clear overview, as well as elucidate the link between free trade and poverty, which is so often ignored.  Indeed, a substantial bulk of the research on the so-called benefits of trade liberalization focus on the aggregate level of economic improvement and growth, yet conveniently ignore the inequalities free trade policies incur, especially on the microeconomic level.  This discussion therefore offers an alternative view on the effects of free trade, as it will provide evidence that free trade practices do not assist in closing economic gaps, but rather, they assist in making these gaps wider. Moreover, trade liberalization is generally accompanied by market liberalization, which effectively destroys the social and political fabric of the country[1]. The bottom line is that economic development implies a transformation of society, and the West has pursued free trade in a very ideological way, using it as a vehicle for globalization policies, displacing the poor, creating massive inequalities, and leaving social and political chaos behind.

II. What is Trade Liberalization?

          From a layman’s perspective, trade liberalization involves the reduction of barriers in the international trade of various goods and services. These barriers can include the removal of government interference in financial capital markets as well (Stiglitz 2002). It is thought that by eradicating barriers to trade, the economy will be stimulated, job opportunities will be created, competition will enhance, there will be an increase in investments, and, as a result of the latter, an increased flow of capital into a country. By providing a nation with a comparative advantage—that is to say, free trade will enhance a country’s income by forcing resources to move from less productive uses to more productive uses (Stiglitz 2002)—imports and exports will increase. Obviously, this is beneficial to a country’s GDP rate and overall economic viability.

However, the comparative advantage concept is more complex than it appears.  So too is free trade.  Trade liberalization is the driving force of globalization (McCulloch, Winters, & Cirera 2001, p. 5) and is often put into practice in a very ideological way, which generally conforms to the Western view of how capitalism and democracy should work (Stilgitz 2002). On these areas, however, we will return. For now, it would be useful to investigate how free trade was conceptualized and who is in charge of free trade policies.

III. Who Are Behind Free Trade Practices, Anyway?

          The idea that free trade is a one-size-fits-all policy became popular after World War II, with America at the helm. Advocates of free trade and free market theories, most notably the Noble-prize winning economist Milton Friedman, began to popularize the notion that markets are inherently democratic (Bruner 2002). If the correct institutions are in place, it is thought that full competition will ensue and thus fair practices as well (Bruner 2002)[2].

          There was a good reason for Freidman’s conceptualization, a universal band-aid for economic downturns. The near global depression of the 1930s had forced many leaders and scholars to believe that there was a need for “collective action at the global level for economic stability” (Stiglitz 2002, p. 12), and the UN Monetary Financial conference in July 1944 became the forum for new ideas that would assist in future economic depressions.

Two central ideas held. The general consensus of both economists and government planners at the time was that protectionist policies led to tension between nations, which caused trade wars and hostile relations (Bruner 2002). The best way to fix the protectionist blanket—used notoriously by Japan, but in other Asian nations as well—that frustrated free trade efforts was to dismantle political and economic barriers.

These two key ideas brought about the birth of the International Monetary Fund (IMF), the World Bank, and the General Agreement on Tariffs and Trade (GATT), which was later reformed into the World Trade Organization (WTO). The IMF was supposed to limit itself to administering macroeconomic policies in specific countries, such as monetary policies and inflation controls. The World Bank was relegated the task of administering structural policies in a country, such as trade policies, labor markets, and overseeing the money that a specific government spent (Stiglitz 2002). An international agreement for the administration free trade issues emerged with the General Agreement on Tariffs and Trade (GATT). GATT hopelessly failed, however, and the WTO was created in its ruin. The WTO now acts as a forum for other nations to have discussions and make agreements on free trade issues and regulations (Stiglitz 2002). The three organizations that run the globalization process, often referred to by detractors as the ‘Unholy Trinity’, manage and create economic policies in the international arena.

There is an important point to be made from all of this, beyond the obvious reason of understanding how global economic policies are implemented. The first is the imperialistic nature of the WTO, IMF, and World Bank. These institutions and the policies they make are not open to the general public; agreements, discussions, and economic policies are made behind closed doors (Bruner 2002).  The reason provided for these closed-door operations was that open discussions regarding amendments in trade or economic procedures could possibly led to economic phenomena such as capital flight[3]. However, the risk of capital flight does not give credence to the autocratic process. Indeed, with the director of the WTO openly declaring his goal for the organization was nothing less than the task of "writing the constitution for a single global economy" (Bruner 2000, p. 27), the people can do nothing but question the institution’s true intentions[4]. Even today, there are no laws where a citizen can appeal to find out what these institutions are doing, which, as Stiglitz rightly contends, is an essential part of government accountability (p. 50).

Worse still is the governance of these international finance organizations. The leaders of the IMF and World Bank are always European or American, and there is no prerequisite for them to have any experience (academically or otherwise) with the developing world they are making economic policies for (Stiglitz 2002). The final blow is that those who speak for developing nations do not serve the country’s interest. At the IMF, for instance, the finance ministers and central bank governors (either Americans or the Europeans) speak for developing nations. Over at the World Trade Organization, the trade ministers (Americans or Europeans) speak for developing nations, and these ministers will naturally reflect the concerns and issues of the business and financial community[5] (Stiglitz 2002). In short, developing nations interests are not being served by those in charge. These issues, however, are just the beginning of the problem.

IV. The Debate

The debate over free trade is exhausting. Understanding the arguments for and against free trade will help to clarify this important and destructive issue. We’ve already seen the arguments from free trade advocates in brief: (1) the reduction of prices in goods, which results from the reduction of barriers (2) more efficient production, which results from the re-allocation of resources; (3) increased investments, which results in an increased flow of capital (McCulloch, Winters, & Cirera 201, p. 16-21). Finally, (4) there is the argument that free trade provides an economy with a comparative advantage (Irwin 2002). These arguments, however well intended they may be, fail to notice critically important issues that free trade agreements exclude.

          First, trade reforms are often narrowly defined and commonly ignore issues that will be incurred through the liberalization of good and services that are not economically related. For instance, there is not one provision, in either the North American Free Trade Agreement (NAFTA)[6] or the recent Australian Free Trade Agreement (AUSTFA)[7] for environmental policies or, perhaps more pressing, standards for labor and protection clauses.

More directly related to economics, trade reforms themselves only include tariffs and non-tariff barriers, yet somehow ignore economic policies on price controls, exchange rate adjustments, or foreign exchange restrictions (Das 2001). A reduction in barriers cannot create equitable growth on its own. As Das reports, “The effectiveness of trade liberalization is enhanced considerably when it is “accompanied or preceded by” reforms in all these policy areas (Mussa, 1998). Experience shows that most successful liberalization and trade reforms were those that were a part of comprehensive economic adjustment packages. The ones that were narrow in design either had limited impact or could not be sustained” (Das 2001, p. 18). However, unfortunately, these policies and provisions that would help stimulate the economy are usually never included in free trade agreements (Stiglitz 2002).

Moreover, the argument that free trade allows a nation to have a comparative advantage is simply incorrect[8].  It was noted above that free trade is supposed to provide this incentive to nations by forcing countries to move from less productive uses to uses that are more productive. However, more often that not, free trade brings low productivity to zero productivity. How? The destruction of jobs, which is a frequent and immediate impact of free trade, results from inefficient industries collapsing under the pressure of international competition. Foreign markets, for instance, can overrun a nation’s domestic banking industry, which will decrease the capital extended to small and medium-sized firms (Stiglitz 2002), but the more disastrous consequence is that it can led to serious macroeconomic instability. In fact, this exact occurrence precipitated Argentina’s market collapse of 2001(Stiglitz 2002).

On the last note, advocates of trade liberalization also think that jobs will emerge once the old, unproductive jobs are eliminated.  Although free trade economists theoretically espouse job creation due to specialization, there is no such thing as immediate job creation.  It takes time, capital, and entrepreneurship to create jobs, which is something that developing countries do not have.  A country cannot remove its barriers, open itself to powerful Western industries, and only focus on tariffs alone; trickle down economics will not suffice[9].  And in the interim, it is the people that suffer at the hands of free trade macroeconomic theories.  The truth is in the evidence, which overrides economic principles and show that the developing nations suffer from the West’s mantra and economic principles of free trade.

V. The Evidence against Free Trade

Even Canada, which is clearly an advanced industrialized country, has experienced both social and economic hardships due to free trade and the flow of capital. There has been, for instance, a considerable decrease of foreign capital and contraction of the country’s corporate tax base since 1989, which has in turn placed stress on the Canadian government to cut social benefits such as welfare unemployment insurance benefits (Elmslie & Milberg 1996)[10].

In the early 1990s, the global investors were impressed by the consistent rate of growth in the Asian region, and it was considered the “East Asian Miracle” that was widely compared to the failure of development in the similar economic circumstances in Latin America.  However, their growth had nothing to do with IMF or World Bank policies; the Asian governments had implemented development and financing policies that spurred successful economic growth and healthy trade with the advanced, industrialized countries (Stiglitz, 2000).  Singapore is a great example of how a government’s investment in education, high savings rates, and state-directed industrial policy dramatically increase the standard of life for all its citizens (Stiglitz, 2000).  The great rate of growth in East Asia, combined with the lower interest rates of the United States and Europe, made the Asian countries look very attractive to foreign investors.  With the liberalization of the international capital markets, new financial tools, and encouragement of the IMF and World Bank who believed full capital account liberalization would help the region grow even faster, a tremendous amount of foreign capital poured into East Asia.  Foreign banks loaned Indonesia, Malaysia, Philippines, Thailand and Korea $210 billion in 1995, and then another $261 billion in 1996, which amounts to an annual increased rate of lending of 24% (Radelet & Sachs, 1998).  Although the increased rate of lending lessened in early 1997 to only 10%, the amount of foreign capital loaned still amounted to $274 billion; this is approximately 2.8% of the pre-crises GDP in early 1997 (Radelet & Sachs, 1998).  However, with an increase in foreign capital flows, the domestic macro-economy becomes more difficult to control.  The foreign capital inflow creates an appreciation of the real exchange rate, thus attracting investments to non-tradable goods instead of the productive, export industries that are supposed to benefit from free trade.  Additionally, the major amount of foreign capital created pressures on underdeveloped financial systems not equipped with the capability of managing the inflow properly.  By mid-1997, according to the Institute of International Finance, these countries experienced dramatic reversals in net private capital inflows; during 1997, the capital dropped from $93 billion to negative $12.1 billion, which is approximately 11% of pre-crises GPD of the countries.

The extraction of such a large amount of capital did make serious macroeconomic and microeconomic repercussions.  First, the exchange rates drastically depreciated, despite the strongest attempts of the government to maintain currency value.  Additionally, the decrease the supply of the foreign capital caused the interest rates in these countries to increase dramatically.  The major withdrawal of credits resulted in a large reduction of the absorption originally financed by foreign capital inflows, and therefore, both the nominal and real exchange rates depreciated greatly.  Both the depreciation of real exchange rates and sharply higher interest rates led to another result: a large increase in the number of non-performing loans (Radelet & Sachs, 1998).  The IMF stepped in to “help” alleviate the situation and took away the countries’ economic sovereignty, but actually made things worse for these countries economically (Stiglitz, 2000).  Banks were forced to substantially decrease loans, as they did not have the capital to continue funding under the capital-adequacy ratios demanded by the International Monetary Fund (IMF); if the banks did not immediately meet the capital ratios, the IMF threatened to close these banks in Indonesia, Korea, and Thailand (Radelet & Sachs, 1998).  The IMF made several severe requests on the Asian banks that created more dramatic consequences for the domestic economies: bank closures, capital-adequacy ratios, tight credit limitations, high interest rates on central bank discount facilities, fiscal conservatism, and structural changes in the non-financial industries (Radelet & Sachs, 1998).  These demands exacerbated the already existing financial panic.  When these policies did not work in alleviating the crisis, the IMF blamed each country and stated that the governments did not take the necessary reforms seriously, when in fact it was the IMF that had taken away the economic sovereignty of these governments to make reforms that would actually help the situation (Stiglitz, 2000).  As a result, the crisis became worse and the unemployment rates in Korea, Thailand and Indonesia skyrocketed, while the GDP plummeted and banks closed due to the IMF restrictions and capital policies.  The East Asian financial crisis is the perfect example of how the Washington Consensus policies of free trade were the downfall of economic stability in the region.  The evidence indicates that the IMF’s perception of free trade and capital liberalization was not only ineffective, but propelled the Asian economies from healthy growth into a downward spiral of economic crises that otherwise could have been curbed by the domestic governments.     

VI. The Ambiguous Economic-Related Effects Causing Poverty

          With the exception of a handful of Eastern European countries, China, and Vietnam, the prevalence of globalization and free trade has increased the prevalence of poverty, while lowering the standard of living for those in developing countries.  Static economic models estimate that global free trade will lift 540 million people out of poverty over a 15 year time frame (Cline, 2004).  However, it is the same phenomenon that, at least in the interim, has made the lives of millions worse off, as their jobs have been destroyed and lives made more insecure (Stiglitz, 2000).  Even looking at the facts in the United States itself, the world’s greatest espouser of free trade, the evidence is overwhelming that poverty rates have increased in the world’s most advanced industrialized society (Nader, Philips, Choate, 1993).  From 1973, US free trade with other countries has doubled, but the average paycheck of the American worker has decreased by 18%.  Additionally, between the 1980s and 1990s, the number of young men who work full time at poverty wages has increased 100% (Nader, Philips, Choate, 1993), even while the national per capital income grew 28% due to those with the highest incomes getting richer.

Although the IMF and World Bank had the purpose of lifting the financial levels of developing countries through free trade, mounting evidence indicates that these NGOs have done exactly the opposite by creating more income inequality, poverty, and political instability.  Part of the reason is due to these institutions’ unwavering and narrow ideological perspective towards economic ramifications; in order to get funding for economic development, countries had to abide by strict regulations of privatization.  Essentially, those countries that privatized the fastest were rewarded economically with good “scorecards” in making the transition from closed, communist societies to open liberalized economies practicing free trade (Stigliz, 2002).  However, the rapidity of privatization did not allow these formerly closed communist economies to develop the proper market mechanisms that would allow them to profit from free trade.  The IMF and World Bank had blindly assumed that the free market would automatically generate mechanisms that would meet the needs of these societies, but in reality, even in the United States, it has been the government creating programs and intervening especially because free markets have failed in providing essential services for society (Stiglitz, 2000).  The IMF and World Bank argued that the priority of privatization comes before the establishment of proper regulation and competition institutions, however in developing countries, this created private monopolies from original state owned enterprises (SOE) that simply garnered macroeconomic revenues at the expense of workers and consumers (Stiglitz, 2000).  Thus, the money fueled in for developing free trade decreased the quality of life and economic standing of the masses of consumers and workers, who felt strain instead of reward from the sudden market economies implemented by the IMF and World Bank.  As a result, in Russia for example, the rapid privatization of companies and free trade market shifts resulted in 30 to 40 million individuals living below the poverty line of $30/month (Freeland, 2000).

          Inherently, free trade and capital market liberalization that the IMF passionately espouse comes with immense volatility, as witnessed in East Asia.  It is this volatility that increases poverty, as foreign investors demand higher returns that put strains on the economy, and thus increases the potential of recessions, a burden the poor bear the heaviest  (Lechner, Boli, 2004).  Additionally, the economic restraints and “structural adjustment programs” that come with IMF funding makes alleviating poverty more difficult; these policies make job creation nearly impossible from the high interest rates (Lechner, Boli, 2004).  In the United States, investors and businesses are greatly concerned for economic well-being when the Fed announces a quarter-point rate hike.  How can developing countries, which do not have economic opportunities and a much less hospitable environment for investing, sustain severely high interest rates?  The result of free trade in these countries then is increased poverty, as people are shifted from low-productivity state owned enterprises to unemployment (Stiglitz, 2000).  The welfare and standard of living are greatly reduced for the citizens of developing nations faced with free trade and major structural restrictions by the IMF.

VII. Towards an Alternative, Ethical Paradigm

          Globalization can provide benefits to developing countries in the long run, but certainly not in the current state espoused by the IMF, World Bank, and WTO.  The regulations put on developing countries by these international NGOs have been to the benefit of the advanced industrialized countries, but to the detriment of the countries and citizens that need economic development the most.  The narrow viewpoints and economic theories held by these organizations have been dictated by the Washington Consensus; the implementation of the theories have resulted in the economic failures and increased levels of poverty in developing countries.  As shown by the success of the Asian governments before the IMF’s involvement, local policies need to be in place to create the right environment, institutions, and regulations to deal with free trade and the impacts of globalization.  Simply injecting a country with capital and forcing it to lift market regulations has proved to be a great disaster on economic and humanitarian levels.  Additionally, the lack of transparency in the IMF and World Bank need to be altered; how can international organizations that promote free trade and democracy close their doors to public knowledge (Stiglitz, 2000).

Additional models of free trade development need to be explored and tailored to the individual needs of each developing country; there is no universal model, as clearly seen by the varieties of liberal democracies in the advanced, industrialized countries.  These models should also include plans that recognize and alleviate the short-term negative consequences of free markets on the working people and poverty levels.  Globalization can only reach its positive effects of increasing the quality of living worldwide if it takes care of the needy in the interim.   

VIII. Conclusion

          The theoretical debate on free trade and capital market liberalization has been clarified by real-world results in the developing countries.  Poverty levels have increased, “free market” economies have collapsed into chaos, and GDPs and exchange rates have spiraled downward in the face of free trade.  The crisis after IMF intervention in East Asia and the increased levels of stark poverty in Russia show that the Washington Consensus has failed in globally lifting the standards of living in developing countries.  The forced, rapid privatization induced by the IMF have caused negative ramifications that only decades of effective domestic government policies and new economic development can alleviate.  Major alterations need to take place if globalization is meant to achieve its goals of lifting poverty from developing countries in the long-run, while still protecting the potentially displaced in the interim.     

References

Australia-United States Free Trade Agreement. (2005). Australian Government, Department of Foreign Affairs and Free Trade. Retrieved January 6, 2006 from http://www.dfat.gov.au/trade/negotiations/us.html

Bruner, Lane M. (2002). Global constitutionalism and the arguments over free trade. Communication Studies. 53(1), 25-32

Cline, W (2004).  Trade Policy and Global Poverty.  Washington DC: Center for Global Development an the Institute for International Economies.

Das, D.K. (2001). Global trading systems at the crossroads: A post-Seattle perspective. London: Routledge.

Elmslie, B., & Milberg, W. (1996). Free trade and social dumping: Lessons from the regulation of U.S. Interstate Commerce. Challenge. 39(3), 46-55

Freeland, C. (2000)  Sale of the century: Russia’s wild ride from communism to capitalism. New York: Crown Business.

Gerbasi, J., & Warner, M. (2004, March). Is there a democratic deficit in the free trade agreements? Public Management. 86(2), 16-20

Irwin, D.A. (2002). Free trade under fire. New Jersey: Princeton University Press

Keynes, J.M. (1933). On national self-sufficiency. Yale Review. 22(4), 755-769

          Retrieved January 4, 2006 from http://www.mtholyoke.edu/acad/intrel/interwar/keynes.htm

Lechner, F., Boli, J. (2004).  The globalization reader, second edition.  Malden: Blackwell Publishing.

McCulloch, N., Winters, L.A., & Cirera, X. (2001). Trade liberalization and poverty: A handbook. Centre for Economic Policy Research. Retrieved January 14, 2005 from http://www.ids.ac.uk/ids/global/pdfs/tlpov.pdf

Nader, R., Phlips, D., Choate, P. (1993)  The case against free trade:  GATT, NAFTA, and the globalization of corporate power.  San Francisco: Earth Island Press.

Radelet, S., Sachs, J. (1998, March 30).  The onset of the East Asian financial crisis.  Harvard Institute for International Development.  Presented at the National Bureau of Economic Research Currency Crises Conference. 

Sampson, G.P. (2000). Trade, environment, and the WTO: The post-Seattle Agenda. Washington: Johns Hopkins Press

Shah, A. (2005). Poverty and the environment. Global Issues. Retrieved January, 15, 2006 from http://www.globalissues.org/TradeRelated/Development/PovertyEnv.asp

Shah, A. (2001, July 24). General agreement on trade in services. Global Issues. Retrieved January 6, 2006 from http://www.globalissues.org/TradeRelated/FreeTrade/GATS.asp

Shaw, J.S. & Stroup, R.L. (2005). Do environmental regulations increase economic efficiency?. Regulation. 23(1)

Stiglitz, J.E. (2002). Globalization and its discontents. New York: W.W. Norton & Company.

Winters, A.L. Trade, trade policy and poverty: What are the links? Centre for Economic Policy Research. Retrieved January 4, 2006 from http://siteresources.worldbank.org/INTPOVERTY/Resources/WDR/winters1.pdf

END NOTES



[1] As we shall see later in section VI, Russia and the East Asian economies were destroyed not only by trade liberalization policies, but also by market liberalization (which was precipitated by free trade policies) pushed by the IMF and its sister institutions (e.g. the World Bank and the World Trade Organization). Such policies forced Russia, as a case in point, out of Communism into Capitalism, which allowed corrupt business practices to flourish and displaced an innumerable amount of workers. These effects (and others) will be more thoroughly discussed in section VI.

[2] Friedman’s idea is what is more commonly known as market fundamentalism. The assumption underlying market fundamentalism is that the inefficiencies of markets are relatively moderate while, conversely, the inefficiencies of the government are substantially large. Thus, issues such as unemployment or high interest rates are placed squarely on the shoulders of the government—they are not investigated in the context of market-related issues (see Stiglitz 2002, p. 219 for a more in-depth discussion).

[3] Capital flight occurs when investors move their securities and assets out of a country because of fear, which could result from a country’s political or economic volatility. 

[4] Research has provided evidence that secrecy over issues and policies have become so pervasive that there has been considerable tension between the IMF and the World Bank. As a case in point, the IMF refused to inform the World Bank about their economic policies and negotiations even in a joint venture (see Stiglitz 2002, p. 52).

[5] Joseph Stiglitz, a Nobel Prize winner in economics, finds some very disconcerting evidence about the interests of the IMF and WTO in his research, Globalization and its discontents. He found that the “number two person at the IMF” (p. 19), Stan Fischer, left the organization and went directly to Citigroup, a very large and profitable American bank. Thus, the policies of economic institutions are more closely aligned with the financial interest of their constituencies rather than developing nations. In addition, because these ministers have close relationships with financial associates in their own countries, it becomes more like a business partnership: trade ministers reflect the concerns of the exporters who want to see their markets open (Stiglitz 2002).

[6] Gary Sampson, a professor and author, stated that NAFTA excluded environment protection measures because “it was not the focus of the negotiations” (Sampson 2000, p. 2). But obviously, a healthy, sustainable environment is important to a country’s overall economic health, it is a link that researchers have provided much evidence for (Shah 2005; Shaw & Stroup 2005).

[7] Article 19.4 of AUSFTA is a hotly contested issue among environmentalists, for example, because the agreement does not enforce regulatory procedures to maintain environmental protection and, instead, allows the use of “voluntary measures” pursued by a corporation. In short, there is no regulatory framework to ensure that the environment is being protected from big companies (see Australia-United States Free Trade Agreement 2005, Australian Government, Department of Foreign Affairs and Free Trade).

[8] Because the concept of comparative advantage is rather lengthy to explain, it seems more suitable, for the coherence of the discussion, to explain it here.

[9] The ‘trickle down’ theory of economic growth is underlined by the idea that, eventually, the economy and its markets will prevail over its conditions since, in time, economic growth will “trickle down” to the poor (Stiglitz 2002).

[10] Elmslie & Milberg’s (1996) study found that the level of unemployment insurance “benefits as a percentage of the average weekly wage fell from 37 percent to 27 percent between 1989 and 1994” (p. 49).

 

 

 

 

 

 

 

 

Writing a Compare and Contrast Essay Print E-mail
Sep 07, 2006 at 08:03 PM

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Writing a Compare and Contrast Essay

     When you write a Compare/Contrast essay, you are being asked to identify some major aspect of two unique works through which you can draw parallels and distinctions.  A common compositional task designed to teach you how to apply critical analysis to multiple works and to develop insightful discussions thereupon, an effective compare/contrast essay will demonstrate a mastery of both texts in question.
     A simple way to develop the subject of your compare/contrast essay is to break each work down into its literary elements.  Consider the works’ respective settings, character portrayals, recurring themes, narrative styles and allusive symbols.  By identifying these, evident differences and commonalities will begin to emerge.  
    This brainstorming session should give rise to a meaningful thesis statement concerning the significance of the parallels and differences in the two books.  For example, you might determine during brainstorming that the two works in question depict their main characters very differently but you may also find that these characters are used to establish a common theme.  This could render itself as a thesis statement such as the following:  In the two novels in question, the respective authors depict their main characters as drastically different people, yet these distinct individuals are used very similarly to critique the morality of collective society.  
    Traditionally, this thesis will appear at the end of an opening paragraph, which should concisely introduce the topic of discussion and the works being used to support this discussion.
    Subsequently, you have the opportunity to determine how you would like to lay out your argument.  A divided style of comparing and contrasting works instructs that you discuss the full set of elements concerning one work followed by an equivalent analysis of the other text.  The alternating style, generally considered the more appropriate and sophisticated approach, will constitute an essay in which alternating paragraphs are used to volley the discussion between the two works in question.  This should create a useful structure for ensuring the proper organization of your ideas.  With the above thesis as an example, such a format would allow you to first discuss the characters of one work, then the other, followed by a paragraph concerning the themes of the first work, and thereafter, a paragraph concerning the themes of the second work.  The more seamlessly that you can integrate these talking points into a discussion with one another, the more ably you should be able to reinforce your thesis.
 In the conclusion, you should be able to tie the two works together by concisely restating the thrust of your thesis and the ways in which you have proved this thesis true.

Political Science Writing Print E-mail
Sep 07, 2006 at 07:59 PM

©2006 Go-essays® All Rights Reserved

Political Science Writing

Political Science is a course of study which places a great emphasis on literature and composition.  Based on the premise that the proper public, governmental and philosophical leadership of the people will emerge from the confluence of multiple ideas and perspectives, Political Science requires a student to be able to comprehend and critique the writing of others. 

This means that your success in this discipline will depend on your ability to interpret the literature of some of history’s most important political thinkers, such as Socrates, Marx and Machiavelli.  You will employ effective critical reading of such political theorists in order to inform your own writing. 

You may be asked to write in any number of capacities as a Political Science student, using the theoretical frameworks of historically important political doctrines in order to conduct historical research; to articulate a reaction to a particular political theory or ideal; to state and defend a position; or to draw comparisons and contrasts between varying ideologies.

Regardless of the task of the writing assignment, your ability to draw the central ideas from the text at the basis of your work will be the primary determinant of your success.  The prevailing goal of Political Science writing will be to isolate these central ideas, to define them and to clearly communicate your understanding or position on said ideas. 

Generally, a political science writing assignment will offer you the chance to lead a discussion on the topic at hand according to your personal reaction to a common theoretical concept.  In order to do this, you will need to sensibly integrate your own analysis with textually derived support.  Your writing should reflect a solid comprehension of a political concept’s reason, relevance and implications while also showing an ability to independently organize, evaluate and draw abstractions upon such concepts.

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