CICS 101 Lecture Notes - Lecture 1: Homo Sapiens, Foregone Conclusion, Offshoring
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10 Dec 2014
School
Department
Course
Professor
Transformationalists - Globalizers; Argues integration of markets and erosion of nation-
state is foregone conclusion; Opening new chapter in history
Rejectionist - Claims transformationalists are incorrect or exaggerated; May say
globalization is too big-refers to too many things to belong in academics
Skeptics - Come down in the middle; Feel like globalization is real and worthy of study,
but point to & emphasize limitations of it
Why is the chronology of globalization interesting? Because the wave of the
globalization in the 90s has been going on since homo sapiens have moved out of Africa
Archaic Globalization - Silk roads exchanging spices, salt, glass, medicine, religions,
and philosophies; Eurasian continent
Early 15th century globalization - Old & new worlds connect; Rise of colonial empires;
Primary movement east-west; Europeans bring livestock & bring back tobacco/potatoes
Industrialization - Communications, transportation, and technology advance
dramatically; Scope of trade & immigration peak; Keens sipping tea in bed and ordering
products from all over world; 1900s immigrants 16%, today 13%
Globalization - The processes through which regions have become more interdependent
through communication, transportation, and trade; Along with values (convenience, low
cost, Moscow smiling saying they weren't mocking)
Contemporary Globalization - Basically transformationalist; Industrialization
globalization was in hands of corporations/elites; Internet makes us producers &
consumers without going through organizations; Truly global and individuals are central
What does Friedman argue? The World is Flat; Leveling the playing field leading to a
world of unprecedented prosperity; Transportation & communication is a technology that
can not be isolated, and therefore can compete & succeed; Really transformationalist
view
Gini Coefficient - Defines global inequality numerically
Why is Friedman wrong? Process of economic development is so variable it has
increased the disparity between social groups
Define flow - Trade (as a percent of GDP)
Foreign direct investment
Payments to foreign nationals
Restrictions on flows - Import barriers
Tariffs
Taxes on international trade
What did Ghemawat say? The world is not flat and we are less globalized than we
think; Globalization facilitates growth, but some countries are better positioned to grow