IMF

WB

Globalization is:

Washington Consensus

Bhagwati’s assertion:

Bretton Woods Agreement

Friedman
(theories/ globalization)

The olive tree

The Lexus

Problem with Olive tree/Lexus

10 ways to democratize the global economy

SAPs

Bhagwati
(econ. globalization def/reaction)

Ritzer
(Skeptics/globalists/whether there is a legitimacy to globalization concept.)

Bhagwati
(4 reasons)

Foreign Aid

SAPs

Good/bad dichtonomy

SAPs issues

Phase 1

Phase 2

Key Problems

SAP’s success