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Lecture

Making sense of globalization

7 Pages
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Department
Political Science
Course Code
POL208Y1
Professor
John Haines

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International Relations t Week 2: September 21st, 2010
Irssociety.ca
Globalization
- A process of economic exchange, technology development, the widening and deepening of
interconnection among people
o Freedman outlines technology as driving engine behind globalization
Aspects of Globalization:
Travelling
- Cheap and easy, fast, compression of time, more exchanges, opening of different
cultures/languages
- Capacity to travel allows for spread of disease (e.g. SARS), pandemics
- 9/11 attacks on tool of globalization, led to securitization of air travel
- Massive immigration around the world and reactions to it
- Fundamentally changed the way exchanges are made around the world
Television
- 24 hour news, any event happening around the world receives immediate coverage
o 1956 Netherlands struck by massive flooding, CBS network launched first aid appeal in
its history, extremely successful
However, CBS news on the East coast was repeated one week later on the West
Coast, rhythm of news was pretty slow
Compare to immediate reporting of Pakistan flooding, rhythm much faster,
scope of news is truly global
Mobile phones
- Can send text messages to anyone anywhere in the world
- Huge impact on the way people are doing business
o Farmer in rural Africa must rely on intermediary to bring production to market and
provide price of goods in market
Intermediary processes could be cut with mobile phones, empowers farmers
- Device empowers people
Internet
- News around the world travels instantly
o Events on streets of Tehran made global news despite effort of Iran to control news
People themselves, activate participants of demonstration, made information
available, not journalists
www.notesolution.com
o Danish cartoon of Muhammad, fourth months after massive demonstration from Syria,
Iran, and Lebanon
Imam in Copenhagen saw cartoons and traveled to Saudi Arabia to organize
demonstrations, conscious decision taken by religious and political leaders to
use cartoons as symbol of opposition to the West, had nothing to do with
internet
Denmark had to change foreign policies regarding these three countries
Protection of cartoonist is 24/7 even today
Led to rise of conservative party in Denmark because of objection to violent
protests
Top-down process (leader organized demonstration) vs. bottom-up process
(citizens to leaders t which occurs frequently with internet)
o Computer service centres located in India, can take control of your device, virtual
communication at its best
- Some countries react, wanting to control information
o Long-term they fail, short-term may succeed to cut the flow
E.g. Saudi Arabia demanding Black Berry codes, India threatened to do the
same, trying to regain control of information
E.g. China and Google
o Internet far more restricted than it used to be
Financial Activities
- Revolution of communication allowed for massive amounts of money to travel instantly from
one place to another
o Nearly 2 trillion dollars transferred every day, assets spread all over the world, highly
interconnected
o Financial meltdown of 2008 demonstrated that crash of housing bubble in US had
massive impacts around the world
Financial systems around the world are so interconnected that collapse of one
bank can have global impact
x Banking systems are intertwined
x Local banks have financial tools sold by Wall Street
o E.g. Iceland defaulting because of dependence on Wall Street
Global Branches
- XPXD}vo[oo]vPµPuÁÇ}µvZÁ}o
o }v}u]]vÀvD}vo[]vÆU]}(]PD}µvZÁ}o
- No local markets, one global market
o E.g. Car industry, problems of GM in US leads to rise of unemployment in Canada
Producing one type of car for one global market
Is a car from GM an American car?
www.notesolution.com

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Description
International Relations J Week 2: September 21 , 2010 st Irssociety.ca Globalization - A process of economic exchange, technology development, the widening and deepening of interconnection among people o Freedman outlines technology as driving engine behind globalization Aspects of Globalization: Travelling - Cheap and easy, fast, compression of time, more exchanges, opening of different cultureslanguages - Capacity to travel allows for spread of disease (e.g. SARS), pandemics - 911 attacks on tool of globalization, led to securitization of air travel - Massive immigration around the world and reactions to it - Fundamentally changed the way exchanges are made around the world Television - 24 hour news, any event happening around the world receives immediate coverage o 1956 Netherlands struck by massive flooding, CBS network launched first aid appeal in its history, extremely successful However, CBS news on the East coast was repeated one week later on the West Coast, rhythm of news was pretty slow Compare to immediate reporting of Pakistan flooding, rhythm much faster, scope of news is truly global Mobile phones - Can send text messages to anyone anywhere in the world - Huge impact on the way people are doing business o Farmer in rural Africa must rely on intermediary to bring production to market and provide price of goods in market Intermediary processes could be cut with mobile phones, empowers farmers - Device empowers people Internet - News around the world travels instantly o Events on streets of Tehran made global news despite effort of Iran to control news People themselves, activate participants of demonstration, made information available, not journalists www.notesolution.com
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