SOCIOL 1A06 Chapter 19: NS - Chapter 19 – Globalization.docx

• School: McMaster University
• Department: Sociology
• Course: SOCIOL 1A06
• Professor: Sandra Colavecchia

Document Summary

Globalization: is a social, economic and political process that makes it easier for people, goods and capital to travel around the world at an unprecedented pace. Globalization makes the world look and feel smaller. Time-space compression: suggests that we are no longer slowed down by long distances and time differences. Virtual communities: people can meet, share ideas and build relationships across state borders without ever meeting face to face. Digital divide: inequality of access to means of communication (i. e. internet) Top-down globalization: involves the actions of groups promoting globalized capitalism and free trade. Tdg has been dominated by neoliberal economic policies. Tdg has also been referred to as the washington consensus . Globalization from below: describes the actions of groups that criticize the injustices that result from globalization processes. Bottom-up globalizers are not necessarily against globalization, but they are against the neoliberal forms of globalization that put capital mobility and profits before people"s basic needs.