SOCIOL 2S06 Study Guide - Final Guide: World-Systems Theory, International Inequality, Historical Sociology

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Definition: globalization is the process of integrating nations and peoples into larger economic, political and social processes. Been around for about 30 years recent concept. Later theoretical ideas: (1960s) gunder frank established dependency theory as a critique of modernization theory believed that latin american countries will remain under development because they are being subjected to exploitation by the united states. Scholars began talking about globalization, using this term, and. Economic globalization; involved worldwide interconnected material production and financial transactions. Sociologists are interested in/focus on; historical and structural aspects of globalizing economic processes and also the social implications (include global inequality that are generated by this globalization) Political globalization: extension of political power and activity across state boundaries. Did not use the term (cid:494)globalization(cid:495) just wrote about the issue of globalization. His ideas now connect to what we would now call globalization.