SOCIOL 2S06 Study Guide - Midterm Guide: Andre Gunder Frank, Talcott Parsons, Economic Globalization

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Globalization: the process of integrating nations and peoples into larger economic, political and social processes. Early theoretical ideas: 1860s karl marx talked about capitalist expansion. Talked about pressures that exist on capitalists to try to expand their markets in the. 1950s: talcott parsons modernization theory pursuit for profit. All societies will inevitably follow same path as the economic, social and cultural development achieved by the us - they will "modernize" Later theoretical ideas: 1960s: andre gunder frank dependency theory. Other countries will not follow the same developmental path as the us, but will remain in underdevelopment. Argued that latin-american countries are locked in a relationship with the us --> it is one of exploitation - us exploits latin-american countries, thus they are kept in perpetual underdevelopment. Interested in the existence of inequality between countries. Adopted a broader focus - inequality and exploitative relationship between countries.