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Lecture 9

Sociology 1025A/B Lecture Notes - Lecture 9: Nationstates, North American Free Trade Agreement, World Trade Organization

Course Code
SOC 1025A/B
Lauren Barr

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Long story short, they forget that they are all brothers and sisters cohabiting the same planet. SO they
kinda became delusional and imagined these invisible borders, beliefs and structures separating them
and started destroying each other and the Earth they live on… Instead of just living, sharing and
evolving together
Definition of Globalization
Globalization is a set of social processes that appear to transform weakening nationality into globality
i.e. “the greater unconnectedness of the world’s people”
Emergence of Globalization
Historically —> trade routes, migration
19th-century technological developments- Industrial Revolution
Post Second World War
Transnational political and financial institutions
Transitional Financial Institutions
Foundation of neoliberalism
International Monetary (IMF)
World Trade Organization (WTO)
Characteristics of Globalization
Technological dimension
Economic dimension
Political dimension
Cultural dimension
Technology facilitates all other dimensions of globalization
Economic Dimension
Expanded markters
Flexible production
global assembly
Concentration of economic power
44 of the top 100 economies in the world are corporations, not countries
NAFTA: A Case Study
Ratification would result in
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