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5 Cards in this Set

  • Front
  • Back

What are the critiques of the assumptions of the mainstream economics?

Autonomy and self interest (Denies human connection such as sympathy), rationality (humans do not often behave rationally), definition of markets (Economics is the study of how humans organize themselves to provide for the sustaining and flourishing of life)

On what basis models, methods and topics of the mainstream economics is criticized?

-masculine value based; suggestion from fem econ that there should be many models that involve class, ethnicity


-formal tools questioned as truly objective; instead objectivity should be examination of own belief's can influence one's research


-Feminists argue that economics should be defined more broadly as concerned with "provisioning"

What are the major policy tools of SAPs?

-Currency devaluation.


-Emphasis on increasing exports, freeing uprestrictions on imports.


-Cuts in government spending.


-Market deregulation-privatization.

What are the implications of SAPs on women and men?

A. Growing income insecurity have pushed more women into labor market


B. Strength of labor market insiders (unionized male workers) has been eroded, enabling employers to sub. lower cost labor for core workers (like hiring women)


C. Income security has been reduced by weakening minimum wage legislation, leading to growth of low wage employment, encouraging substitution of women for men


D. Trade liberalization has led to employment of low cost women in developing countries, through emphasis on cost cutting competitiveness


E. Change in skill composition of jobs

What shaped growing feminization of the workforce?

1. Trade and foreign direct investment have grown tremendously


2. Trade and investment have been directed towards economies in which labor costs low (i.e. women)


3. Labor rights in developed industrialized countries perceived as costs of production to be avoided so they give jobs to women abroad


4. Tech revolutions accentuated tendencies to locate in low labor cost countries


5. Structural adjustment programs led to erosion of protective and pro-collective labor regulations, decentralized wage determination, erosion of job security


6. Erosion of legitimacy of welfare systems in industrialized countries