HIS 1111 Lecture Notes - Jack Welch, Nationstates, Ibm System I
11 Apr 2014
School
Department
Course
Professor
Document Summary
In the last 50 years, the process of globalization has tremendously accelerated. The system i was born into is one that was made and created. John lennon"s song: a global future that we don"t. Keynesian system started going out of whack in the 1970s. American model of laissez fair capitalism emerged and became popular. Important in understanding globalization: have a global perspective. We are living in a period of time where our industrial economy is productive. Forces shaping our realities are coming from outside the borders of canada. For people in the non-western world, globalization isn"t about economics, it"s about culture. What piggybacks on the back of market integration is cultural baggage. In the islamic world and other places, people are struggling to maintain their culture. Lowering of trade barriers: development has sought out opportunities all throughout the world. Globalization has created new losers and new winners. Globalization: extension of capitalist system across the globe.
