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Lecture

Chapter 19-Globalization Mar 18 2009

3 Pages
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Department
Sociology
Course Code
SOC101Y1
Professor
Sheldon Ungar

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March 18th, 2009
Chapter 19: Globalization
Introduction
x The Burger and Fries Go Global
o Our food is Globalized
o 7UDYHOVORQJGLVWDQFHVWRUHDFKRXUWDEOHVPHDWYHJHWDEOHVHWF«
o NA markets of fats food influences global eating
o ([RI0FVORFDWLRQVZRUOdwide
o )RRGLWVHOIFDQEHDIIHFWHGE\JOREDOHYHQWVLQW¶OWUDGHDJUHHPHQWVVRFLDOPRYHPHQWVPLJUDWLRQIRRGVFDUHV
x *OREDOL]DWLRQRU³*OREDORQH\´
o Controversy of the definition of globalization
o Globalization + baloney
x Defining Globalization
o Globalization: social, economic, political process that makes it easier for people, goods, ideas, capital, to travel
around the world at an unprecedented pace (more quickly and efficiently than before)
o Email, IM, telephones, web cams
o Space-Time Compression: we are no longer slowed down by long distances
o Virtual Communities: a pace where people can meet, share ideas build relationships across state borders without
ever meeting them
o Digital Divine: inequality in access to means of communication
o History- world started to becRPH³VPDOOHU´ZLWKWKHLQYHQWLRQVRIVWHDPERDWORFRPRWLYHWHFKQRORJLHV
x The Global and the Ethical
o Globalization is not good or bad
o Consequences of globalization affect humans/environment
o Ethical Debates
Rose substantially after 9/11
Widening gap between rich and poor in global economy
x Top-Down vs. Bottom-Up Globalization
o Top Down: involves actions of groups promoting globalized capitalism and free trade; dominated by Neoliberal
politics (associated w/ US globalization)
o Neoliberalism: economic policies; free market economics; retreat from state intervention/regulation; individual
responsibility; less protection for labour/environment; privatization of state resources
o Bottom Up: groups that criticize the injustices that result from globalization process; advocate democracy;
environmental protection; social justice in global context
Capitalists Go Global
x The Rise of Financial Capital
o Financial capital has grown much faster than production and trade
o Fully computerized global financial system-> traders can move around millions of dollar to profit from minuscule
changes in currency rate
o Casino Capitalism: stand to make or lose money in short periods; Neoliberal policies, 80s
x Overcapacity and Centralization
o *OREDOFRUSVDUHSURGXFLQJPRUHWKLQJVWKDQWKHZRUOGs consumers can afford to purchase
o Financial markets are booming, wealth appears to be growing exponentially for some
o Corps have transformed into meaner, leaner, bigger, more diverse, more involved with complex financial dealings
around the world
o To survive overcapacity corps-> trimming operating costs
x Growth of the Corporate Giants
o Corps have become, bigger and more powerful than many national governments
o Corp pressure-> Decrease of corporate taxes= allowing them to get bigger/richer
x Critics of Corporate Power
o Bottom up globalizers reaction to growth of global corps=
Anti sweat shop movements
o Corps response to criticism
Changing company name
Introduce best practices for labour/environment
o Corps have grown in strength
o *RY¶WVORVWJURXQG
o Globalization= end of state system?
Are States Still Relevant In A Global World?
x Democratic Deficit: ordinary citizens are disenfranchised from the process of governance
x The Three Sisters
o IMF, WTO, WB
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Description
March 18 , 2009 Chapter 19: Globalization Introduction N The Burger and Fries Go Global o Our food is Globalized o %7,;0O8O43JL89,3.089470,.K4:79,-O08 20,9;0J09,-O0809. o NA markets of fats food influences global eating o [41.8O4.,9L438Z47Odwide o 44L980O1.,3-0,110.90-JO4-,O0;0398L39O97,0,J7002039884.L,O24;0203982LJ7,9L431448.,708 N *O4-,OL],9L4347*O4-,O430 o Controversy of the definition of globalization o Globalization + baloney N Defining Globalization o Globalization: social, economic, political process that makes it easier for people, goods, ideas, capital, to travel around the world at an unprecedented pace (more quickly and efficiently than before) o Email, IM, telephones, web cams o Space-Time Compression: we are no longer slowed down by long distances o Virtual Communities: a pace where people can meet, share ideas build relationships across state borders without ever meeting them o Digital Divine: inequality in access to means of communication o History- world started to bec42082,OO07ZL9K9K0L3;039L43841890,2-4,9O4.4249L;090.K34O4JL08 N The Global and the Ethical o Globalization is not good or bad o Consequences of globalization affect humansenvironment o Ethical Debates Rose substantially after 911 Widening gap between rich and poor in global economy N Top-Down vs. Bottom-Up Globalization o Top Down: involves actions of groups promoting globalized capitalism and free trade; dominated by Neoliberal politics (associated w US globalization) o Neoliberalism: economic policies; free market economics; retreat from state interventionregulation; individual
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