SOSC 1040 Lecture 19: Growing Tensions of Globalization

• School: York University
• Department: Social Science
• Course: SOSC 1040
• Professor: Claudio Colaguori

Document Summary

Globalization has 3 basic dimensions: political, economic, cultural. Globalization is about the global spread of industrial capitalism. Present-day globalization is about increased polarizations of class and other intensifications in the scale and scope of changes that affect the lives of people: more wealth, more poverty, more pollution, more war, fewer animals. 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, labor issues, loss of jobs, environment, human rights, government policies, terrorism etc. The 4th world at least 50% of world"s population is very poor. Political: free-trade agreements, corporate rights, concentrations of economic power in wto, Financial capital and casino capitalism, as opposed to manufacturing based capital accumulation. Cultural: creates both cultural homogenization and cultural diversification (hybridity); the problem of cultural imperialism, homogenization, americanization & mcdonaldization.