Rosalind Boyd PhD (28K)

Social Dimensions of the Globalized World Economy


Poor women have no reason to defend a model centred exclusively on the market, which in actual experience serves to deepen their poverty.

Joan French in Sparr: 180


First, let me open by offering my congratulations to CIEI on its 30th Anniversary. Over the past five years, it has been a privilege to work and know many truly capable and caring researchers working at the CIEI. I am also glad to have the opportunity today to share some of my thoughts on this important debate.

The social consequences of a globalized world economy are far-reaching and responsible for the impoverishment of people - especially “labouring people” - throughout the globe and especially over the last two decades of so-called ‘market reforms’ manifested through structural adjustment policies and “macro-economic stablisation” (Chossudovsky 1997) programs imposed by the World Bank and the International Monetary Fund (IMF). The social dimensions, on which I want to focus, concern people’s daily lives, their livelihoods, their health, education and basic quality of life. What are the key elements of this “globalized world economy” and how has it impacted on people’s living conditions? A corollary question for me, which I will not address directly, is how, in the face of such overwhelming evidence in every region of the world where capitalist free market reforms have been imposed — with evidence of the dire failures of these policies and prescriptions
— how is it that the triumphalism of market reforms continues?


Social Dimensions of the Globalized World Economy