Geography 3312A/B Lecture Notes - Bourgeoisie, Structural Adjustment, Containerization
1 Dec 2012
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Document Summary
For the period of your lives we have been living in a new world order: globalization. Principally, it is economic: the increasing global integration of: production trade finance. But this new world order is perhaps not so new: "the need for a constantly expanding market for its products chases the bourgeoisie over the whole surface of the globe", creating "a world in its own image" What is new is its scale, breath and depth. In the two graphs we see that from 1950 to 2007, trade increased faster than production. If you sell in canada, its sales for the domestic market. If you sell in the us, its trade. Global trade as a share of global production is therefore increasing. World merchandise trade by product group, 1950 - 2004. Manufacturing trade grows faster than fuels and minerals and agriculture. Machinery net exports (exports imports) come from europe and japan.
