SOCA02H3 Lecture Notes - Lecture 8: International Inequality, International Monetary Fund, Taco Bell

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2 Mar 2016
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Globalization is often invoked as a concept to understand the ability to move people, goods, capital, and ideas throughout the globe. Global economies are intertwined and interdependent: media has increased reach. However, the effects of these breakthroughs have not led to increased equity. Power dynamics around the world have intensified: not all individuals experience access to travel or migration. Global economies have facilitated the movement of jobs to spaces where workers have fewer protections. The movement of capital has led to demands for access to all local markets regardless of effect. In 1930, a three-minute new york-london phone call cost more than in today"s dollars and only a minority of north americans had telephones in their homes (p. 221-222) Between 1982 and 2008, when the world"s population increased by 52 percent, the number of international tourists increased by 274 percent (p. 2222) From 1982 to 2008, worldwide investment across national borders increased by a remarkable 2273 percent (p. 213)

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