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SOCA02H3 (398)
Lecture

Globalization

5 Pages
106 Views
Winter 2011

Department
Sociology
Course Code
SOCA02H3
Professor
Malcolm Mac Kinnon

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Lecture 3 Sociology
To achieve globalization, technological improvement is vital.
Of the 100 largest economies in the world. 51 are corporations, 49 are countries.
Wal-Mart is the worlds 12th largest corporation. It has larger annual revenues tha
the GNP’s of Israel, Greece and Poland.
The top 200 corporations combined sales are bigger than the combined GNPs of
182 countries.
The poorest 80% of the worlds population account for $3.9 trillion in economic
activity compared to $7.1 trillion for the worlds 200 top corporations.
Communications technology
Human runners (by the Greeks to deliver messages)
> Pony Express in the United States (1700s)
> Telegraph (1830s) used wires and wires carried a signal. Movement of
information is decoupled from the movement of people.
> Radio: sends messages without a wire. (end of 19th century) intercontinental is
still restricted. So they laid cables across the Atlantic.
Voice was then carried by wire (Alexander Graham Bell 1876)
Nicola Tesla 1884, worked with Thomas Edison. Tesla developed electrical
transmission power.
Marconi got credit of Teslas inventions, but then the injustice was reversed.
Transmission towers.
> Cable comes off transmission tower then goes into the home.
>satellite transmission.
>now heading in the direction of global communications.
Karl Marx 1860s predicted that fewer and fewer businesses would dominate markets.
Companies would grow larger and larger with time. When corporations buy each other
out that is called corporate consolidation.
Corporations should pay tax because they are wealthy vs.
Capital investment creates jobs. Jobs create wealth.
Nations compete to attract capital.
www.notesolution.com
Countries must develop capital friendly environments.
Environmental regulations scaled back due to pressure of corporations to
investment.
World wide division of labour is created.
Deindustrialization of developed economies like Canada and the US .
Deindustrialization means that manufacturing jobs are shipped overseas.
Under developed countries wages are lower. Produce things more cheaply.
Industries in capital societies seem to be capital invested.
Developing societies, semi skilled workers
Developed countries like Canada, skilled labour.
Global Trade:
Regionalization: world is divided into trading regions. Competing economic,
political and cultural areas. Not dominated by one country.
Organizations not companies that have come to manage the expansion of
global trade. (IMF)
WTO = to reduce trade barriers. Or import duties/Tarrifs.
Global Production.
Lean production is production at the lowest possible cost.
oEntails flexible work forces, contract workers.
Just in time inventory systems just before you run out of a part, computer
will red flag. No need for big warehouses of inventory.
Employees are encouraged to be sensitive about the quality of the product
produced.
TQM total quality management. Workers become part of management
team. Labour unions dont like this because it encourages workers and
management to look at issues in the same way, cut costs.
Surveillance of workers increasing Panopticon
AWT-Actual working time. Computer keeps tracks how many hours a day do
you actually work.
Geopositional satellite technology usually out in cabs for headquarters to
know where you are at all times.
Decline of national power due to globalization of trade. National governances that
are democratically elected bow to financial muscle of transnationals.
www.notesolution.com

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Description
Lecture 3 Sociology To achieve globalization, technological improvement is vital. Of the 100 largest economies in the world. 51 are corporations, 49 are countries. th Wal-Mart is the worlds 12 largest corporation. It has larger annual revenues tha the GNPs of Israel, Greece and Poland. The top 200 corporations combined sales are bigger than the combined GNPs of 182 countries. The poorest 80% of the worlds population account for $3.9 trillion in economic activity compared to $7.1 trillion for the worlds 200 top corporations. Communications technology Human runners (by the Greeks to deliver messages) > Pony Express in the United States (1700s) > Telegraph (1830s) used wires and wires carried a signal. Movement of information is decoupled from the movement of people. th > Radio: sends messages without a wire. (end of 19 century) intercontinental is still restricted. So they laid cables across the Atlantic. Voice was then carried by wire (Alexander Graham Bell 1876) Nicola Tesla 1884, worked with Thomas Edison. Tesla developed electrical transmission power. Marconi got credit of Teslas inventions, but then the injustice was reversed. Transmission towers. > Cable comes off transmission tower then goes into the home. >satellite transmission. >now heading in the direction of global communications. Karl Marx 1860s predicted that fewer and fewer businesses would dominate markets. Companies would grow larger and larger with time. When corporations buy each other out that is called corporate consolidation. Corporations should pay tax because they are wealthy vs. Capital investment creates jobs. Jobs create wealth. Nations compete to attract capital. www.notesolution.com
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