SOCI 1001 Study Guide - Final Guide: Mcdonaldization, International Monetary Fund, New Urbanism
11 Apr 2018
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Globalization: trade of services, good and money between countries. Bretton woods: new global order 1944 post ww2. Neoliberalism: privatisation of public goods (transportation, media infrastructure, etc, making public goods private such as selling playgrounds, hydro 1. General agreement on tariffs and trade (gatt)- later to become the world trade. Modernization theory: assumes that countries in the south want to become like countries in the north; poverty in the south is due to lack of capital. Cultures in the south are less developed, traditional, irrational, etc. World systems theory: coined (cid:271)(cid:468) immanuel wallerstein (cid:528)(cid:536)(cid:534)(cid:527)"s-(cid:528)(cid:536)(cid:536)(cid:527)"s. Countries in the world are divided into three types of economies. Believes development and underdevelopment are not stages in natural process of gradual modernization but a consequence of power relations and colonialism. Separates countries into 3 categories: core nations: industrialized/capitalist countries (ex. Canada, usa, japan: peripheral nations: very few industrialization prevalent (ex. Malaysia: semi-peripheral nations: in between countries (ex.
