SOCI 1003 Lecture Notes - Liberal Democracy, Neoliberalism, Glocalization

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Largest 175 eco entities: 109 are corporations (sales) and 66 are countries (gdp) Globalization (glob): ization usually means a process that happens over time. As multidimensional processes in the plural, there are multiple modes of globalization and multiple globalization agents. 1960 term - was used in an attempt to explain, sometimes critique the changes that were happening in the world. Mass immigration gave rise to cultural mixing and colonialism caused profound poli, eco, social changes in the world. In present era we are witnessing a period of accelerated and intensifies glob. Specific characteristics to the type of changes happening. Political/ economic : collapse of soviet union late 1980s. Many former soviet eco embraced capitalism and liberal democracy. Collapse of ussr world divided into two categories. West: social and liberal democracies with free market eco whereas the east was a party based system with socialist eco. During the late 1990s the free market and neo-liberalism spread.

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