POLS 1090 Study Guide - Final Guide: Private Good, Core Countries, Labour Power
3 Nov 2014
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Document Summary
It superimposed open markets across national boundaries, liberalizing trade and investment rules, and privatize private good and services. Globalization involves deregulation, privatization, dismantling of the keynesian welfare state. In response to these elements, there is a series of resistance movements within the same period. Crisis of globalization is connected to many problems from the elements involved in globalization. The consequences is dismantling the keynesian welfare state in favour of privatization. Geo-political factors and ecological factors connect to economic problems (sustainability and development as a model itself). This connects to the elements of capitalism, which includes: human labour, land, technology, natural resources. A downfall of globalization is the reduction of employment domestically. Globalization is: open market national boundaries, deregulation b. liberalizing trade and investment rules, deregulation, privatize good and services, privatization. Significant of globalization: capital become more profitable to produce by subcontracting out or hire labour from.
