GEG 1302 Lecture Notes - Lecture 4: Microelectronics, Containerization, Cultural Globalization

• School: University of Ottawa
• Department: Geography
• Course: GEG 1302
• Professor: Brian Ray

Document Summary

Globalization: a process and a condition that involves increasing interconnectedness of different parts of the world through the common processes of economic, environmental, political and cultural change. Recently, the pace of and nature of globalization have changed dramatically leading to an increase in global interdependence. Trans-atlantic trade (europe, africa, the caribbean, & se na) Trading companies link sites of production (africa, caribbean etc. ) with the site of manufacturing (europe) Emergence of new financial systems & insurance companies. Financial systems encouraged the lending of money, to finance the. Speed: much faster than historic globalization due to telecommunication and transit systems as well as international laws and standardized time zones. Scale: few places remain untouched by globalization. Scope of global connections: not just economic relationship, political, social and cultural links also exist and reinforce each other. Transnational character of economics & cultural activities: processes that may be located in multiple countries, processes that link nations together.