GLOBALZN 1A03 Lecture Notes - Lecture 6: Financial Crisis Of 2007–2008, Financialization, Arab Spring
16 Nov 2017
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Document Summary
Circularization of money to fund global goods. Technology + deregulation = rapid capital flows. Volatile and susceptible to panics ---> contagion . Trouble in one area can spread globally very fast. We"re all plugged in to financial system! Financial crisis becomes wider global economic crisis. Other dimensions tend to follow (though not always) Economic aspect is tip of the spear of globalization. Lifted many out of poverty; drives innovation; choices. Driven by alter globalization activists: inspired by arab spring uprising. Grew to include wider array of left-wing concerns. Eg. environmental issues, indigenous rights, racial justice etc. Radically democratic - no leaders or hierarchy. Eg. compare to right-wing tea party in usa at same time.
