INTLSTD 101 Lecture Notes - Lecture 1: International Monetary Fund, Shared Belief, Cultural Imperialism

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Hyperglobalists: globalization is this profoundly transformative process that is changing the way we live, including reducing the signi cance of the nation-state. Rejectionists: think that hyperglobalists are exaggerating and inaccurate. globalization = a convenient concept for journalists, and its such a broad term that is confuses things. "globalization" term does not belong in academic discourse. Rejectionist historians: globalization started when pre-modern humans migrated out of africa (greta says: that"s all about migration, not about interdependence) Europeans brought livestock (horses + cattle) and europe got potatoes and sugar. 2 products important for survival and development in both old and new world ex: potato famine, pastry industry in france still not truly global b/c tra c was b/w europe and americas, and excluded many parts of the globe, like. Flows: foreign trade (as a % of gdp), foreign direct investments, payments to foreign nationals.

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