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Lecture

SOCIOL 2S06 Lecture Notes - North American Free Trade Agreement, Nationstates, World Trade Organization


Department
Sociology
Course Code
SOCIOL 2S06
Professor
David Young

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January 31st
Geographical clustering of phorfor economic and social exchanges
Some theoriest argue that these econ activity is found in three core block eu, asia- pacific,
Americas
There is a tendency toward economic and financial interdependence within each of these three
zones
This regionalization/interconnectedness occurs in 3 ways organization, forums and
agreements that have emerged
o Organization we have the eu union (EU)
Theorist argue this is an example of econ interdependence
o Forums asia pacific economic cooperation (APEC)
o Agreements north American free trade agreement (NAFTA)
Political Globalization
A What is political globalization?
Political globalization involves transferring some of the power and decision making of various
countries to other entities
Destinction is made between two concept of nation state and the state
o Nation state is a country
o State is something else
each nation state is going to have a state to admin its affairs
states exist within the country
b organization and political globalization
associated with certain poli org
state is made up of various institutions and organizations
however since 1940 there has been the emergence of of number of organization that exist
above that political entity (nation state)
o we distinguish between two type sof these states
supranational organizations
o have the authorities to make laws and regulation that can be imposed on member
countries
o key example is the European union
o it is the sort of state that exists above the state in various eu countries
o not all countries are part of eu like Britain france and Germany they are nation states
and have states within them
o eu exists above all these nation states sets rules that must be fallowed in all member
countries
international organization
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o dependant upon the cooperation of member countries to carry out the operations or
policies
o so they don’t impose laws and regulations
o there needs to be cooperation amongst the countries
o some of these inter org have supranational elements
like UN
some degree they have supranational leements like they have a security
councils and can issue directives and orders that are binding on countries and
force countries to do certain things
o other examples of international organizations include group of 20 (G20)
international monetary fund (IMF)
world trade organization (WTO)
World Bank
C theories of political globalization
The diminishing power of nation states
o Some think this power is diminished under poli global
o The ides here is that more and more decisions are being made not by countries, but by
supranational and international organizations
o This suggest Homogenetty (increasing sameness in poli conditions around the wrld)
o Nation sates are adopting same policies and respecting the same laws that are set by
these organizations
Under the authorit y of these organizations they are doing the same thing
o In order to understand this idea of diminishing power we need to considier to specific
concepts and issues
We need to understand whats undermining
(1) state autonomy refers to capacity of nation states to chose their own
political, economic and social policies
Countries do not have the authority to set their own economic policies
These policies are to some degree determined by the rulings of
organization
Consider the example of world trade organization (WTO) was
established in 1990 and members country respect the free trade
agreement
If there is a conflict over trade issues between two member countries
then the WTO will decide the case
The losing countires need to adjust their policies as imposed by the wto
(2) state sovereignty right of nation sate to rule over their citizens
Some say this have been undermined by poli globalization
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