POL 103 Lecture Notes - Lecture 2: Economic Globalization, International Monetary Fund, Bretton Woods, New Hampshire
Document Summary
Globalization is the process of expanding and intensifying linkages between states, societies, and economies. Entire societies are now directly connected to global affairs. Globalization makes domestic issues more subject to international influence and makes local events more influential around the world, posing two challenges to the study of comparative politics as it blurs the line between domestic and international politics. 1975 :8% of world"s countries had a free-market system. 1997: 28% had one with billion fdi. Drivers of globalization: globalization of markets and production, result of lowering of trade barriers, enabled by technological change, telecommunications and microprocessors, the internet and the world-wide web, transportation technology. Globalization is associated with three non-state or superstate entities: 1) multinational corporations (mncs firms that produce and market goods in more than one country) 2) nongovernmental organizations (ngos national and international groups, apart from any state, that focus on specific policy goals); and.