CMST 2K03 Lecture Notes - Lecture 7: Nationstates, Cultural Imperialism, Core Countries
11 Dec 2019
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Document Summary
From the end of 20th century on, with collapse of colonialism and end of cold war, ther has been deepening integration and interdependence of local, national, and regional economies. Globalization has led to liberalization of trade and commerce between nation-states. Rise of transnational corporations (tncs) with cross-border operations and chains of production. Growing importance of global and foreign markets for business and investors. Globalization has undermined sovereignty and power of nation-states to dictate their own affairs. Influence of supra-national bodies of governance, and international financial institutions and trade agreements. Global proliferation of mass media and information communication technologies (icts), both new and older (e. g. , smartphones, internet) Images and information circulate around the world instantaneously thanks to icts. Globalization, overall, has led to growing, constant traffic of goods, money, and people -- and media!-- across national borders. Barriers to trade, investment, and migration have been eased (but not always or evenly, e. g. , immigrants and refugees have harder time moving than capital.
