ABSTRACT
The processes collectively referred to as “globalization” have shifted our moral and political landscape. The transnational flow of ideas, people, and capital that began during the colonial period continues at an unprecedented speed. Neoliberalism, a school of economic thought that favors deregulation of markets and privatization of social services, drives international trade and development agendas. This has produced new vulnerabilities and contributed to existing ones. According to the World Bank, 700 million people live in extreme poverty (earning less than $1.90 a day) (Cruz, et al. 2015). In the last five years, the wealth of the poorer half of the world’s population has fallen by almost 40 percent (Oxfam 2016). Almost a quarter of the GDP of poor countries is owed as external debt (MDG Task Force 2015).
