SOCI 312 Lecture Notes - Lecture 14: Cultural Globalization, Economic Globalization, Offshoring
27 Apr 2016
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Document Summary
Cultural globalization: the global diffusion of values and cultural norms. Can- huge reliance on trade- a lot of this b/c of their natural resource trading. Over 75% of their exports go to the us- a lot of natural resources. Over 50% of their imports come from us. Nafta- liberalized trade btwn the us, can, and mex. Not just that diff countries are trading with each other---companies are also globalized in their production. Foreing direct investment- acquiring some managerial interest over capital in some foreing econ. If you invest in more than 10% of the voting stock of a company managerial interest. Multinational corps (mncs)- companies that have enterprises or operations in countries that are not where they are hq. They often have to operate with a single goal in mind- the company operates as a single enterprise even though across borders. Outsourcing- subcontracting for parts of your production process.
