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Lecture

Chapter 19-Globalization Mar 18 2009

3 pages65 viewsWinter 2009

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
www.notesolution.com
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