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Lecture 2

Week 2 Cooper article notes

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University of Toronto Scarborough
Girish Daswani

Week 2 Cooper Globalization Views of Globalization The Bankers Boast - with the collapse of the soviet union and the market orientation of Communist China, investments supposedly can go anywhere - Pressure from the US , the IMF, and TNCs brings down national barriers to the movement of capital - Gloablization is invoked time and time again to tell rich countries to roll back the welfare state and poor ones to reduce social expenditures all in the name of the necessity of competition in a globalized economy The social democrats lament it accepts the reality of globalization as the bankers see it but it argues the opposite that it is not beneficial for humankind the Dance of the Flows and the Fragments 0 this argument accepts much of the other two the reality of globalization in the present and its destabilizing effect on national societiesbut makes another move - Rather than homogenize the world, globalization reconfigures the local but not in a spatially
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