SOC101Y1 Lecture Notes - Lecture 13: World Trade Organization, Consumerism, Outsourcing
Document Summary
Lecture 13 globalization: globalization: is a social, economic, and political process that makes it easier for people, goods, ideas and capital to travel around the world at an unprecedented pace, makes the world look + feel smaller, globalization as a process is neither inherently good or bad (can have positive and negative consequences simultaneously, have a impact on the environment + every single human around the world. Globalization from below: describes the actions of groups that criticize the injustice that result from globalization process, advocate for, spread of international human rights, global labor standards. Capitalists: economic terms (cid:224) money used for investments, currency trading is financial capital , 98% of money exchanged is not tied to goods and services (eg: stocks, overcapacity: global corporations (tncs) are producing more things than the world"s consumers can afford to purchase, centralization: corporations have merged to stay competitive, blending different industries together.
