Political Science 1020E Lecture Notes - Lecture 4: Market Socialism, State Capitalism, Social Market Economy

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State capitalism-- neo-mercantilist: state directs social partners, state picks winners. What is globalization: a complex process of integration and interconnection, tending toward a "borderless world, the state will not have that much control on borders, and within the territories. Supraterritoriality: a single global market, culture, society, and political order, definition: transcending state boundaries -- + expialidocious. Supraterritoriality-expialidocious: get more control over the borders. Intensification of transnational flow: goods, services, labr, capital, challenges economic sovereignty. Cultural globalization: diffusion of information, ideas, and images, via improved communications technology, reducing distinctiveness of national cultures. Political globalization: reduced ability of states to manage their own affairs, enhanced importance of organizations above states, bigger role for subnational bodies- regions, cities. One world: we are not there yet, global economy not completely integrated, cultural backlash, indigenization--"globalization", globalization is a process- multi-faced. Globalization: is it new: centuries of global exchange, exploration, empire building - persia, china, europe, modern expansion, marx: the restless bourgeoisie, the communist manifesto, 1848.

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