08. Financial globalization and globalization in general and the drive to maintain competitiveness has

08. Financial globalization and globalization in general and the drive to maintain competitiveness hasgiven neoliberal governments an easy way out to fundamentally rescale the accumulation process and restructure the post war social compromise and welfare state in Canada and other OECD countries. First, define exactly what is meant by financial globalization? What forces were the drivers behind financial globalization in the 1960s and beyond? Why was it so difficult to reconcile the Keynesian welfare with financial globalization? Why did governments in Canada, Britain, France and the US failed to block financial globalization?

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