POL 2103 Lecture Notes - Lecture 10: Financial Action Task Force On Money Laundering, Mcworld, Positive Force
17 Oct 2016
School
Department
Course
Professor
POL2103 – Globalization
Concept
Globalization
- rose to prominence after Cold War in 90s
1) growing international interdependence
- more cross border activities, interactions between states
2) growing economic liberalization
- debate over economic neo-liberalism (openness of free markets, capitalism)
- state budding out of international markets and using private investors
- corporate downsizing to make them more efficient in the global market
- economic neo-liberalism used to be known as the Washington Consensus
- Washington Consensus (1989-1990): idea about how we should run the states
markets
- backtrack after East Asian Financial Crisis
3) western style modernization of world?
- spread of Western values/practices
New Type of IR?
faster paced economic change
communication revolution
global/cosmopolitan culture
more homogeneity (similar forms of idea, similar media)
time/space compression
global polity (political community more connected from increased communication
and technology)
Interconnectedness
McGrew on globalization
- widening, deepening, and speeding up of worldwide interconnectedness
- argues against the idea that globalization is the end of the nation state
> global politics are emerging, where domestic/international distinction no
longer valid
- crisis in one region affects jobs, production, savings, investment thousands of
miles away
> ex: East Asian banking/currency crisis (1997-1998)
> even powerful sometimes helpless (ex: speculation vs Br pound in 1992)
- transnational corporations:
> 25-33% of world output, 70% of world trade, 80% of international
investment
- rapid mass organization of people around world in real time
> Seattle WTO protests (1999), global Iraq War protests (Feb 2003), Arab
Spring (2010)
- increasing global awareness of transnational problems requiring global
regulation
> climate change, proliferation of WMD
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Rose to prominence after cold war in 90s: growing international interdependence. More cross border activities, interactions between states: growing economic liberalization. Debate over economic neo-liberalism (openness of free markets, capitalism) State budding out of international markets and using private investors. Corporate downsizing to make them more efficient in the global market. Economic neo-liberalism used to be known as the washington consensus. Washington consensus (1989-1990): idea about how we should run the states markets. New type of ir? faster paced economic change. More homogeneity (similar forms of idea, similar media) Global polity (political community more connected from increased communication time/space compression and technology) > global politics are emerging, where domestic/international distinction no longer valid. > even powerful sometimes helpless (ex: speculation vs br pound in 1992) Widening, deepening, and speeding up of worldwide interconnectedness. Argues against the idea that globalization is the end of the nation state. Crisis in one region affects jobs, production, savings, investment thousands of miles away.
