SOCIOL 1A06 Lecture Notes - Lecture 25: Root Mean Square, Subprime Mortgage Crisis, International Monetary Fund
27 Feb 2017
School
Department
Course
Professor
Document Summary
Worldwide exchange of money (capital), goods, services. Diverse cultures around the world are coming into greater contact. Top down pro-globalization: globalization is good, brings about economic, political and cultural progress, promotes capitalism. Bottom up anti-globalization: feelings about globalization are polarized, believe in free market economy, argue for very little government regulation over the government (neo-liberalism) Things can ow really quickly around the planet (companies, capital, etc. ) Countries are more interconnected politically, economically, and culturally (from internet, electronic money markets, etc. ) Air travel has allowed us to travel quickly, electronic money markets have allowed capital, wealth and large sums of money to travel quickly, etc. Regulate the worlds nancial markets, have impact on every country in the world and every citizen. Deeply criticized (massive, violent protests - institutions perpetuate global inequality and poverty) Capitalism (overcapacity, taxes, global commodity chains, cultural imperialism)
