GG102 Lecture 5: Lecture 5
Document Summary
Conceptual framework: seeing something in a certain way. We have been doing this for a really long time. After world war 2 the western countries, the first in the us, had a huge industrialized industry. We all benefits from globalization because if we didn"t have globalization then people in india or anywhere in the world will not have jobs. Things in canada probably included milk, eggs, maybe bread. Things such as orange juice, almonds do not come from canada. Globalization is where you least expect it: the humble pencil. Its lead core contains- zinc from canada, graphite from india, copper from south africa, carbon black and clay from the us, pumice from the mediterranean, castor oil from africa. We can buy a dozen pencils for a dollar at the dollar store. Economics of containerization: up to 19,224 containers per ship, takes only a day to load/unload. Transport costs: around 1% of the purchase price.
