SOC 360 Lecture Notes - Information Economy, Crowd Psychology, Unequal Exchange
16 Nov 2012
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Document Summary
Definition of global economy: an economy whose core components have the institutional, organizational, and technological capacity to work as a unit in real time, or in chosen time, on a planetary scale. North with a few in developing countries, with china as an exception). Internationalization of production: fdi: most from oecd countries but us is declining, concentration is growing, and increasing diversification of production; 2: the role mnc: account for 2/3 of trade, mostly oecd based, the us economy is deeply penetrated by foreign companies; International production networks: key to gaining competitive advantage. Information production and selective globalization of science and technology: science and technology concentrated in oecd countries, most research in the public domain, advances directed by the interests of developed nations. Global labour: globalization of specialized labour: the most valuable, the huddled masses: recorded numbers outside their countries; immigration triggering xenophobia; unskilled labour restricted, movement of people brings interconnectedness trans- nationalization from below.
