POL 1101 Lecture Notes - Lecture 10: Ideal Type, Mccarthyism, White-Collar Crime
20 Jun 2015
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Document Summary
Globalization is often used to describe the increased integration and internalization communications. While some argue that the phenomenon described as globalization is nothing new, given that international connectedness has always existed, others distinguish today"s era of globalization by the scope of worldwide economical integration. National economies have become integrated by way of increased trade linkages. A distinguished feature of globalization is the mergence of supranational decision-making bodies dealing with economic issues such as monetary policy and trade. International organizations such as imf and the world bank have become the most important institutions in economic affairs. Another important feature of today"s global economy is the phenomenon of multinational or transitional corporations. These corporations are major actors in global trade and production. Companies are increasingly looking beyond their national markets and enjoying the comparative advantages of alternative production sites in other countries. The impact of globalization on state sovereignty has become an important issue of debate among scholars.
