LAWS 2105 Lecture Notes - Cultural Relativism, Interactional Justice, Starbucks

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Class 8 laws2105c march 3, 2014. Connecting local and global in particular ways: idea we are moving towards integrated world economy/society/culturally. Increase in flows of worldwide services, capital, etc: key to remember that flow happens in order to implement neoliberal economic policy. What is new though is dominance of neoliberal economic policy; idea that this is the only way to move forward; opening markets and lowering trade barriers. How does globalization enter a country: imposing policies from the top (via saps, investment; going into a place investing in building something. International trade buying and selling goods across borders: trade rules are liberalized. If a country wants to increase trade, they will lower their trade tariffs and customs duties to make their country more attractive for business. Also reduce tax rates for particular businesses/industries. Sell gas/water/land cheaper for companies: foreign direct investment (fdi)

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