MDSB05H3 Lecture Notes - Lecture 8: International Political Economy, Economic Globalization, World Trade Organization
28 Apr 2018
School
Department
Course
Professor
WEEK 8 GLOBAL POLITICAL ECONOMY
• Information war(fare)
o Russians influence election; make people confused, create distrust
towards candidates
• Mediated conflicts
o CNN effect
• “Black Hawk down” = example of soft power
o U.S. has the most soft power
▪ Effective media industries in various countries
▪ Shared understanding of the world
▪ Sweet power: attuned with American values, their knowledge
guides you
• Result: blurring boundaries
• Economic globalization
o U.S. and free trade
• Political globalization
o World bank, WTO, IMF
• Global political economy
o Power
▪ Money gives you power; use it in media industries to exert power =
capital
▪ Cultural industries
• Media games, etc, the production
• Micro effects of globalization
o Commodifying audiences
▪ Your attention + data is being sold
▪ Basically “labor”; giving something over
• Mosco
o Spatial agglomeration: concentration of capital in a specific space
▪ Finland app, generates a lot of money
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