Critical theoryA critical theory is any approach to social philosophy that focuses on society and culture to attempt to reveal, critique, and challenge power structures. With roots in sociology and literary criticism, it argues that social problems stem more from social structures and cultural assumptions than from individuals. It argues that ideology is the principal obstacle to human liberation. Critical theory finds applications in various fields of study, including psychoanalysis, sociology, history, communication theory, philosophy and feminist theory.
Washington ConsensusThe Washington Consensus is a set of ten economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.-based institutions such as the International Monetary Fund (IMF), World Bank and United States Department of the Treasury. The term was first used in 1989 by English economist John Williamson. The prescriptions encompassed free-market promoting policies such as trade liberalization, privatization and finance liberalization.
ColonialismColonialism is a practice by which a country controls people or areas, often by establishing colonies, generally for strategic and economic advancement. There is no clear definition of colonialism; definitions may vary depending on the use and context. Colonialism is etymologically rooted in the Latin word "Colonus", which was used to describe tenant farmers in the Roman Empire. The coloni sharecroppers started as tenants of landlords, but the system evolved so they were permanently indebted to the landowner and were trapped in servitude.
