SOCI 1002 Lecture 5: LECTURE 5 - Globalization, Inequality, & Development
18 Feb 2017
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Document Summary
Spread of globalization politics, technologies, economics. Global interventions neoliberal globalization, foreign aid and other strategies, democratization and conflict. Globalization: occurs as people and institutions across the planet become increasingly aware of, and dependent on, one another. Transnational corporations: large businesses w/ head offices in rich countries that increasingly rely on : foreign labor & foreign production, skills & advances in design, technology, and management, world markets, massive advertising campaigns. Global commodity chain: a worldwide network of labor and production processes whose end result is a finished commodity. George ritzer"s term mcdonaldization : the process by which the principles of fast food restaurants are coming to dominate more and more sectors of american society as well as the rest of the world. A form of rationalization that values principles of efficiency, calculability, and predictability. Claim for the homogenizing effect of globalization.
