Political Science 1020E Lecture Notes - Lecture 4: Economic Globalization, Deglobalization, Neoliberalism
16 Jan 2016
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Document Summary
A complex process of integration and interconnection. And a single global market, culture, society and political order. Points towards the intensification of transnational flows the flow of goods, services, Economic globalization challenges economic sovereignty its growing more difficult to manage the economy within a territory because it seems all economies worldwide are deeply interconnected and dependent on one another. Reduced ability of states to manage their own affairs. Involves the enhanced importance of international and supranational organizations not only international organizations but the creation of brand new institutions. Creates an increased role for subnational bodies regions, cities (e. g. provinces, states, States are still relevant but no they are one part of a complex multi-level system etc. ) We"re not there: global economy is not completely integrated, there has been a cultural backlash against globalization, indigenization . Centuries of global exchange, exploration, empire building persia, china, europe.
