SOC100 Chapter Notes - Chapter 14: Developing Country, Washington Consensus, Hong Kong Disneyland
30 Sep 2016
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European powers could no longer afford the empires they had, ! Cultural ideas and products are conveyed transnationally through! physical migration ! internet! electronic communication ! marketing of consumer products ! The vision of globalization : globalization of production will bring employment to the developing worlds > better living conditions ! greater tolerance , communication technologies increase people"s knowledge > alternative ways of living and. Bene ts of globalization : transnational institutions support development in many countries, developing nations that opened up to trade experienced more growth in their economies, per capita income increased by four times, 1950 to 2006 ! Negative consequences of globalization : effects of globalization are determined by social inequality , 37% of the world"s population lives below the international extreme poverty line - . 27/day. Usd! worlds : gap between rich and poor, between rich and poor nations, has grown overtime ! Imf world bank not accountable to the people they help!
