SOCI-100 Lecture Notes - Lecture 11: Hong Kong Disneyland, Per Capita Income, Fusion Cuisine
Document Summary
Globalization: globalization worldwide exchange of money, goods, and services as well as the socio-cultural changes that occur with increasing trade and human contact. Transform from nationality to globality i. e. , (cid:862)the greater i(cid:374)ter(cid:272)o(cid:374)(cid:374)e(cid:272)ted(cid:374)ess of the (cid:449)orld(cid:859)s people(cid:863: historically trade routes, migration 19th-century technological developments, post second world war. Transnational political and financial institutions (e. g. , world trade organization wto, Economic : expanded markets, flexible production (global assembly line), concentration of economic power (44 of the top 100 economies in the world are corporations, not countries) Political : declining power of nation-states: power is transferred : upward to international organizations -downward= regional trade bodies, global cities, global civil society. Physical migration, internet, electronic communication, marketing of consumer products. Globalization of production will bring employment to the developing world. Co(cid:373)(cid:373)u(cid:374)i(cid:272)atio(cid:374) te(cid:272)h(cid:374)ologies i(cid:374)(cid:272)rease people(cid:859)s k(cid:374)o(cid:449)ledge: alternative ways of living, greater tolerance. Transnational institutions have helped support development in many countries. Developing nations that opened up to trade experienced more growth in their economies.
