SOSC 1430 Lecture Notes - Global City, Consumerism
13 Oct 2013
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Document Summary
Its apparent that the world is becoming a much smaller place. Events in media and remote areas affects us all . Think of japan and china"s stock crashes, how it affects our economy here. Less and less of the things we buy are made in canada. Refers to the transnational; something that goes beyond national economies transcends the nation state involves relations that go beyond national boundaries. May not be reduced to the idea of national interests. (free) movement of goods, services and capital across borders. Also a shift in power from national govts and states to tnis and tncs Impact of globalization is quite uneven,, does not bring the same changes everywhere . The functional integration of globally dispersed economic activities into highly integrated world economic system under the hegemony of transnational capital. Before it was underdeveloped get cheap food in trade for raw materials which they buy back . Many countries are still stuck producing raw materials .
