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POL114H5 (168)
Jurgensen (30)
Lecture

Globalization

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Department
Political Science
Course
POL114H5
Professor
Jurgensen
Semester
Fall

Description
November 18, 2010 Globalization States have been interconnected in some extent The extent of what we trade to each other (unique) Third world societies support raw materials Western Europe manufacturing centres Global economy existed for 500 years States try to protect themselves by cutting themselves off from global trade Specialize on what they produce efficiently and trade UN estimates 23,000 people that starve to death every single day (mostly children) Per capital GDP in high income countries is 16x that of per capita GDP in developing countries Richest 20% consume 75% Globalization has been a failure Measurements are not entirely accurate GDP is measure of everything that is traded (everything that involves a monetary transaction) North America and Europe have strict environmental standards Steel manufacturers Germany Germany sold steel plants sold factories to China
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