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The Growing Tensions of Globalization.doc

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York University
Social Science
SOSC 1040
Claudio Colaguori

The Growing Tensions of Globalization Globalization has three basic dimensions: political, economic, cultural - Globalization is about the global spread industrial capitalism. - Is globalization something new or has it been around for centuries? - Present-day globalization is about increased polarizations of class and intensifications in the scale and scope of changes that affect the lives of people. Who benefits from existing globalization? - Globalization is often seen as a form of economic freedom - Globalization isn’t only about ‘over there’ it’s about what we do daily ‘over here’ in terms of eating, shopping, labour issues, environment, humanthights etc. - The 4 world – at least 50% of world’s population is very poor. - Political: free-trade agreements, corporate rights, concentrations of economic power in WTO, WB, IMF - Economic: economic freedoms and limits, the transnational corporation the globalized worker -new wage prosperity or new wage slavery? - corporate imperialism? - Financial capital and Casino capitalism, as opposed to manufacturing based capital accumulation. - Cultural: creates both cultural homogenizatio
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