SOSC 1430 Lecture : Intro to ID-Jan.22.docx

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Need to understand globalization historically: glows of capital, labor. Can be seen at latest phase in the development of capitalism: she sees globalization as the latest phase of capitalism. Earlier we looked at the origins; now, fast forward to contemporary. Globalization- technology yes, but primarily an economic and socio-cultural phenomenon linked to the rise of capitalism worldwide: rise of expansion of corporations. Imf/wb, some policies they have been pursing in the third world. Connect to current phase of capitalist development. Given rise to a new set of economic development policies. Tailored to further advance unfolding of corporate led globalization: corporations are they key mechanism to support capitalism. More than an economic doctrine and set of policies. Offers a vision of society, and of individuals living in it. Most accepted, implemented consensus world-wide; widely accepted by governments and international development institutions. Widely accepted in academia, media, think tanks.

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