POL 607 Lecture Notes - Lecture 7: Bretton Woods System, General Agreement On Tariffs And Trade, World Trade Organization

• School: Ryerson University
• Department: Politics and Public Administration
• Course: POL 607
• Professor: Joseph Zboralski

Document Summary

It is impossible for a state to be completely sovereign the way it once used to be. Globalization is viewed as a bad thing by people on the left wing, because it takes jobs & resources away. The other view of globalization is positive because trade and interactions between countries result in prosperity, & is a neo-liberalism view, which is favoured by the right wing. The neutral view says that globalization is a long term interdependence amongst countries which is neither good or bad. Globalization is normally seen as an american thing however other countries also causes globalization: for ex. Japanese automakers are taking over the north american auto industry as more ppl are buying those cars like toyota & honda: for ex. India is offering a boom in the service sector through their call centers and many technological jobs like software developers, programmers.