GEOG 1HB3 Lecture Notes - Cocacolonization, Mcworld, North American Free Trade Agreement
3 Feb 2014
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Document Summary
Transformations of the global economic system: communication and transportation, elimination of trade barriers, transnational corporations. Periphery: representing the have-nots (not economically stable) Globalization is the increasing interconnectedness of people and societies around the world: from textbook: actions or processes that involve the entire world and result in making something worldwide in scope. Incorporated into a single world society: a global village: a village is a place where everyone is connected to one another, where everyone gets along, where everyone speaks the same language, same culture. Goods and services: global shopping mall, global assembly line. Factors that change globalization: reducing the friction of distance, breaking down barriers, extending the scope of business internationally. It is very proportional to accessibility and connectivity. Innovations in communication and transportation technologies. (internet, container shipping: allows good services from far distances quickly via shipping, shipping and internet are unequal, most of the market is dominated by the asian economy.
