SOC101 Study Guide - Final Guide: Modernization Theory, Core Countries, Social Inequality
6 May 2013
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Document Summary
Term globalization is used to describe the worldwide exchange of money, goods, and services as well as the socio-cultural changes that occur with increasing trade and human contact. The entanglement of diverse cultures and economies. Responsible for severing social arrangements based on geographic location as a result of accelerating transnational flows of people, images, and information. Continuation of international economic integration that began with european colonial expansion. According to abu-lughod, an international trading economy existed between western. Europe and china more than 700 years ago. Wallerstein argues that since early empires spent most of their resources on supporting a large military, they simply cannot afford to become global empires. True economic integration became possible with only emergence of capitalism: colonization. The political, economic, and cultural domination of countries in asia, Africa, and the americas by european countries starting in the sixteenth century.
