GEO 208 Chapter Notes - Chapter 1: Nationstates, Free Trade, Technological Determinism
9 Mar 2014
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Document Summary
Geography 208 - geography of the global economy. Trend towards greater economic, cultural, political, and technological interdependence among national institutions and economies: globalization is not just a business or economic phenomena, globalization is not just internationalization, globalization of markets and production, globalization is interdependence. Convergence in buyer preferences in markets around the world: reducing marketing costs through standardization, creates new market opportunities, leveling seasonal revenue changes, local customization. Dispersal of production activities to locations that help a company minimize costs or maximize quality. The end of geography in a borderless world where nation-states no longer matter. Global markets are a destructive force that enrich only a minority. The imprint of past geographies and deep histories. Internationalizing processes: localizing processes, globalizing processes, regionalizing processes. Globalization and interdependence have many causes: not technological determinism, not purely political, not purely social. Meso-scale trends: free trade areas and trade corridors.
