SOCI 3027 Midterm: SOCI 3027 A - Test 1 Notes

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Globalization: ongoing process of interconnected changes in the economic, cultural, social, and political spheres ongoing and increasing between nations, regions, communities and remote places. Three core aspects of globalization fueled by tech development, global integration of communication technologies, and global distribution of media. Economic: globalization refers to the expansion of capitalism to include all places around the world into one globally integrated economic system. Cultural: global spread and integration of ideas, values, norms, behaviors, and ways of life. Political: development of forms of governance that operate at the global scale cooperating nations are expected to abide by agreed upon policies. From the mid-20th century on, leaders of these nations created new global forms of governance that set the rules for cooperation within the new global economy (un, g2o, world trade organizations) Globalization also involves the spread of and diffusion of ideologies (values/ideas, norms, beliefs legitimize economic and political globalization)