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Lecture 15

Lecture 15 - Steps to Globalization

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HUMA 1770
William Gleberzon

Lecture 15 1 June 27th, 2011 - 10 items, asked to answer 5 - 3-4 questions for essay question - Newspaper up to date: 1990s - Choose any topic on globalization  1990 = end of cold war – globalization became world-wide  Order #1 -- Nation States = 195 of them in the world o US is bound by world globalization  Peace of Westphalia = created the nation state after 30 years war in Europe o All states were equal in theory, but some of them are more powerful in practice o Individual empires before Westphalia treaty  Control them indirectly economically through debts after wars  Order #2 – regional structures (EU, SEAAN – Association of SE Asian Nations), Mercosur, Southern Common Market) o EU: 27 members o Mercosur: Venezuela Peru Bolivia Paraguay Brazil Chile Uruguay o SEAAN: collectively counter-act the powers of the West  Order #3 – UN, NATO o UN: Members can veto, instead of accept o NATO: North Atlantic Treaty Organization – military counterbalance of US to Soviet Union  Order #4 – Transnational Corp/Multinational Corp o 95% of the world’s largest economies: Trans-multinational corporations (Walmart, Shell) o Corporations will be taxed less, idea to want to them be set up in Canada  Order #5 – o Bretton Woods Meeting o International Monetary Fund, International Bank for Reconstruction and Development (World Bank), the General Agreement on Tariffs and Trade (GATT or alter the World Trade Organization), OECD o How to lower tariffs (tax on imports) to increase trades o As low as possible, produced c
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