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LABR 1F90: Globalization and Deindustrialization

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Brock University
Earth Sciences
Larry Savage

What is Globalization? - The intensification of a world-scale reorientation of economic, technological and cultural processes and activities that transcend state boundaries - No longer have boundaries. We have an open world for free trade - 4 dimensions of Globalization - 1 - Global trade & Economic regulation 2 - The rise of WTO or the Worlds trade organization 3 - Transnational investment 4 - 5 - Corporations holding direct ownership and business operations in more than one state 6 - For Canadians this is not a strange concept 7 - In Canada we have always been considered a branch plant of the US economy 8 - Because of taxes and tariffs we see transnational as opposed to branch plant - Advanced dissemination of knowledge - Global migration and increased movement of people - - We see that people can move far more quickly than they could before. Although they can not move as freely. Is neoliberalglobalization new? - Differs from the immediately preceding era in several ways: - - Busting open relatively closed national economies. An emphasis on trade is far greater than in previous eras. There were more restrictions. - Shifting regulatory role of the state - - States everywhere seem to be diminishing the scope and scale of the welfare state. - The idea that the state has an active role to play. - But, states still freely enter into agreements that liberalize trade and investment. They in essence are the people who give birth to globalization. - Dont view states as victims of globalization, but rather as agents - - A very common line is that Governments have no choice. Untrue, they are the authors of globalization Globalization: a Neoliberal Project - Globalization really is a political agenda - Advance capitalist countries win from globalization - When NAFTA first came into play (Can, US, Mex) - Who within these countries benefit from this. ie. Corporate America wins from globalization and US workers lose from globalization. Different class interests. Impact on workers and unions - Decline of the welfare state has diminished standards of living and quality of life for working class people - - Disproportionally hurt the people who rely on it. - Competitive pressures put w
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