SOCA02H3 Lecture Notes - Lecture 8: Mcdonaldization, Gross Domestic Product, Glocalization
Document Summary
Not all individuals experience access to travel/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. Global commodity chain = a worldwide network of labour and production processes whose end result is a finished commodity: example: nike manufacturers all over the world to take advantage of low labour costs. Includes wages, health and environmental protections, inability to join unions. Transnational corporations (or multinational/international corporations) are most important source of globalization today. Differ from traditional corporations in 5 main ways: Increasingly emphasize skills and advances in design, technology and management: depend increasingly on foreign labour/foreign production. 2: depend increasingly on world markets, depend increasingly on massive advertising campaigns, are increasingly autonomous from national governments. Economically = depends to open global markets have resulted in decaying standards of living and increased inequity.
