SOCA02H3 Lecture Notes - International Inequality, Glocalization, Anti-Globalization Movement
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Chapter 9 : Globalization, Inequality, and Development
The creation of a Global village
The world today seems a lot smaller than 25 years ago, seems like now we’re creating a
It’s a lot more convenient to travel around the world today comparing to before, the
availability of internet, credit card usage, banks etc made it possible.
The Triumphs and Tragedies of Globalization
International telecommunications has become easy and inexpensive. (talk on skype freely)
# of international increased by 233 percent.
International trade and investment have increased rapidly and many more international
organizations and agreements now span the globe.
However, globalization seems to make the world a more unequal place for us to live in. The
distribution of wealth is very unequal between the rich and the poor, and between different
countries. Some say globalization is a form of imperialism (domination of one country by
While globalization has transformed and improved many aspects of life, it is also generating
opposition based on fear of growing inequality and the erosion of local cultures.
Globalization in Everyday Life
Everything influences everything else in a globalized world.
Our actions have implications for people far away. A small investment made by us could
be added together with other small investments and be used to change landscapes and
construct buildings elsewhere, thus changing lives of many people.
The Sources of Globalization
Technology: Technological progress has made it possible to move things and
information over long distances quickly and inexpensively.
Politics: It is important in determining the level of globalization. South Korea has opened
itself to the outside world since 1900s, thus its economic, and cultural integration is much
greater. In contrast, North Korean preserves its authoritarian political system and
communist economic system, thus remained isolated from the rest of the world.
Economics: Transnational corporations are also called multinational or international
corporations - the most important agents of globalization in the world today. They are
different from traditional corporations in 5 ways.
1. Traditional corporations rely on domestic labor and domestic production. Transnational
corporations depend increasingly on foreign labor and production.
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