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Chapter 19

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University of Guelph
ANTH 1150

Chapter 19 GlobalizationChanges in the world economic system the fusing of national markets through the removal of protectionist barriers that stimulated free movement of capitalMultinational corporations are not economically tied to or dependent on any single country they have manufacturing plants in several countries and move their facilities in search of cheaper labour lower taxes and favourable government regulationThe Industrial Revolution brought mechanized production to many nations and ushered in a second period of colonialismthe political and economic domination of a territory and its people by a foreignpower through conquest settlement and explotationPostcolonial refers to study of the interactions between European nations and the societies they colonized both during colonialism and afterWealth produced in colonies in underdeveloped nations was used to further the development of Europe rather than the lands where the crops were grown and the work was performed through taxation interest on bank loans to buy slaves and milling machinery and through onesided trade relations that compelled colonies to purchase commodities above world market
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