SOC 3380 Lecture Notes - Lecture 5: Agenda 21, United Nations General Assembly, Economic Globalization
11 Jan 2017
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Document Summary
Globalization is a multidimensional process, broadly restricting and integrating the world"s economies institutions and civil society. Suggests we are moving towards a borderless world and this is accelerating. New and faster communication technologies are driving it. Faster and cheaper transportation facilitates communication as well. Globalization is driven by the increasing dominancy of capitalism and western ideologues which stress the value of global economic integration. Cross-border flows, foreign direct investments and international trade have grown phenomenally as governments actively remove barriers to these types if transactions. Governments have played a role in fostering it. They can break political ties and erect economies barriers. Easy for educated and rich to immigrate but harder for the poor. Low income receive less than one fifth of global income. Stresses our achievements, our progress over time and our ability to promote economic wellbeing as well as to reverse and repaid problems with ingenuity, technology, cooperation and adaption. (market liberals, institutionalist)
