GEOG 106 Lecture Notes - Lecture 1: Buzzword, Free Trade, Neoliberalism
Document Summary
Introducing a world of interdependency and a word 1. Process of economic, political, and social integration that have collectively created ties that make a difference to lives around the planet. What happens here affects things over there : interdependencies. Both ends are gaining or losing from others product. Create a world where, despite huge inequalities in life chances, people"s lives are bound together. Ex) age of exploration: globalization is not a new concept. Trade liberalization, privatize public services, deregulate business and finance, cut public spending, reduce and flatten taxes, encourage foreign investment, de-unionize, export led development, reduce inflation, & enforce property rights: neoliberalism. Best way to generate growth are those policies: results of neoliberalism. Shifts in industrial, financial, and technological fields opened the door for different forms of global interdependency. Increase in network of commodity production, finance, trade, migrants, communication, media, political organizing, and disease vectors linked more countries to create a global whole: invention of word globalization .
