1.7 - Chile (IGOs)

Question 1

Neoliberalism

Answer 1

A political approach that favours free-market capitalism, deregulation, and reduction in government spending (increased privatisation).

Question 2

IGOs

Answer 2

Inter-Governmental Organisations (WTOs, IMF, World Bank)

Question 3

The Role Of IGOs

Answer 3

Have a key role in shaping/introducing neoliberal economic policies, they’re focused on:
Free Trade, Privatisation, Deregulation of financial markets
Recently there’s a shift towards the environment/social issues.

Question 4

WTO

Answer 4

Promotes free trade between countries by setting rules and solving disputes

Question 5

IMF

Answer 5

Promotes global economic stability, helps rearrange debts

Question 6

World Bank

Answer 6

Part of the UN, funds development projects

Question 7

Structural Adjustment Programmes (SAPs)

Answer 7

Economic reforms that countries must follow to receive IMF/World Bank funding

Question 8

Chile’s Shifting Policies

Answer 8

General Augusto - Military ties with USA, Capitalism & Growth of conglomerates
President Michelle - Socialism and welfare state
President Sebastian - Neoliberal, return to conservative capitalism

Question 9

Shifting Policy

Answer 9

Highest GDP per capita in Latin America
High income inequality but similar to S. America
Copper main export - increases vulnerability
Integrated with a range of IGOs

Question 10

Context On Chile

Answer 10

Highest GDP per capita in Latin America
high inequality
Copper main export
FTA’s with EU, China, Japan, US
Integrated with NGOs