POL 507 Lecture Notes - Good Governance, Workflow, Neoliberalism
14 Jun 2014
School
Department
Course
Professor
04/20/2014
Clicker Question
What happened here?
Globalization
Technology-driven deindustrialization
Someone couldn’t make their mortgage payments
Politics-driven shift in manufacturing
All of the above
Economic (income) inequality today is greatest
Within advanced industrialized countries
Within developing countries
Between advanced industrialized and developing countries
Between world citizens in general
World GINI Coefficient:
A measurement of the income distribution of a country’s residents
Number ranges between 0 and 1
Based on residents’ net income
Helps define the gap between the rice and the poor
With 0 representing perfect equality
1 representing perfect inequality
To get ½ of total income you need
Almost 92% of the poorest
Or about 8% of the richest
The bottom 50% of the population receives
6.6% of total income
The top 1% of population receives
About 13% of total income
Thus 6 million top people receive as much as 3+ billion poorest (ratio 500-1)
% Of people who are 25% above or below the median income is
14%
The world is as middle class or less than Panama
Globalization
“The processes that are increasing the interconnectedness of the world” (Mintz 2011, 42)
Distinguish globality (condition) from globalization (trend)
Globality
Is the end-state of globalization
Hypothetical condition in which the process of globalization is complete or nearly so
Globalization
Worldwide movement toward economic, financial, trade, and communications integration
Is characterized by the Deterritorialization of social relationships
What does that mean?
Deterritorialization
Refers to the process by which there is a loss of the ‘natural relation of culture to geographical and
social territories
Deterritorialization associated with globalization
Bonds that tied economics, politics, and culture to fixed spatial configurations are loosened under
globalization
Is it new?
Space
Extensiveness of networks
Regularity
Intensity of connections
Speed
Of interactions
Depth
Impact on individuals and societies
Clicker Question
What drives globalization?
Economics
Politics
Technology
Culture and Ideas
Dimensions of Globalization
Economic globalization
Increased trade
