POLS 2200 Lecture Notes - Lecture 18: Fixed Investment, Total Annihilation, Economic Surplus
17 Dec 2016
School
Department
Course
Professor
Document Summary
This single global economy dominates all the individual national economies that are contained within it. Each global location performs a different aspect of the production and servicing. Naim calls it the widening, deepening and speeding up of worldwide inter-connectedness in all aspects of contemporary social life not just international trade and investment, goes beyond the economy. Even if the current economic crisis is slowing things down, groups around the world are still interconnected. It will become obsolete, it is too big for. Globalization creates cross-border activities which states no longer able to control on their own. At the same time, there is a trend towards stronger identification with the local community where people live their daily lives. 11/8/16: many people feel that globalization has a large homogenizing effect everything looks the same, many argue that there is a pushback to this because individuality is being washed away. In response, you see the rise of fundamentalism.
