Political Science 1020E Lecture Notes - Lecture 21: Cultural Globalization, Group Of 77, Bandung Conference
2 Oct 2016
School
Department
Course
Professor
Document Summary
Marketization: private property, free competition between firms, foreign investment. Constraints of geography on social and cultural arrangments recede , Beyond states, external force, winners & losers: 2. Created by states, controlled by states, equity possible. Multinational corporations (mncs), transnational corportations (tncs) or global corporations. Definition: businesses with operations and investments in more than one state. Economically powerful = some larger than state economies. Relationship with states is a key point of debate: o some: creators of globalization, more powerful than states: others: states create globalization for corporations, use corporations to further national interests. 50% without adequate supplies of safe drinking water, substandard housing or homeless, and/or illiterate. 1940s- : general agreement on trade & tariffs = reduction of taxes on imports/exports & clearer trading rules to encourage economic growth globally goods, services, investments, jobs. 1964: g-77 = favourable trading terms for developing states.
