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Overview of Globalization & Development (5th lecture)

Course Code
Michael Mercier

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Geography Lecture September 28th, 2011
Overview of Globalization & Development
Pg. 59-64 & Chapter 11
Geography of Economic DevelopmentSpatial variation (geography
part) in terms of well being, referring to the haves and have-nots.
Relative and absolute differences in quality of life and standard of living from
one part of the world to another.
Canada vs. developing countries.
I.e. GDP, income, consumption, health differences, food and nutrition,
water, education, sanitation, etc.
System of ‘haves’ and ‘have-nots’
World systems (theory, descriptive theory) sometimes referred to the
core and the periphery. Core: developed world – haves. Periphery:
developing world – have-nots. The have-nots make up the majority of the
world’s population.
Today, the rise of the new global economy, and what it means for both the
core and the periphery.
Globalization: increasing interconnectedness of people and societies
around the world as the full range of social, political, economic, cultural and
environmental processes become international in scale. Pg. 59-64
Globalization: a single world society
The “Global Village” – Village is a community in which everyone knows
each other, speaks the same language.
Goods and services increasingly available in all parts of the world.
A global shopping mall and a global assembly line.
Globalization has economic, political and cultural dimensions, which can
have a social impact.
Transforming the Global Economic System
1. Reducing the Frictions of Distance
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