GEOG100 Lecture Notes - Lecture 20: Kim Il-Sung, Sergei Rachmaninoff, Mass Media

• School: University of Waterloo
• Department: Geography and Environmental Management
• Course: GEOG100
• Professor: Erin Joakim

Document Summary

Define globalization the growing interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and through the more rapid and widespread diffusion of technology. Global management consulting firm founded in 1926, chicago. Analyses 62 countries, 96% of world"s gdp, 85% of world population. Definition of globalisation: the process of creating networks of connections among actors at multi-continental distances, mediated through a variety of flows including people, information and ideas, capital and goods. A process that erodes national boundaries, integrates national economies, cultures, technologies and governance and produces complex relation of mutual independence. Actual flows (trade, fdi, portfolio, income payments) Restrictions (import barriers, tariff rate, taxes on trade, capital account restrictions) Personal contact (telephone traffic, transfers, international tourism, foreign population, international letters) Information flows (internet users, televisions, trade in newspapers) Cultural proximity (mcdonald restaurants, ikea stores, trade in books) At kearney is a global management consulting firm.