SOC101 Chapter Notes - Chapter 13: Capital Accumulation, Cultural Homogenization, World-Systems Theory
15 Oct 2016
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Document Summary
Globalization worldwide exchange of money, goods, services as well as socio-cultural changes that occur w/ increasing trade/human contact. Entanglement of diverse cultures and economies responsible for severing social arrangements based on geographic location as a result of accelerating transnational flows of ppl. images, info. Not a new development a continuation of an int"l economic integration that began w/ European colonial expansion more than 500 yrs ago. England: feudal system of agricultural production was replaced by commercial enterprises access to property changed as common lands were enclosed and privatized displaced many farmers. Giddens points out that globalization since 1970s is diff from previous globalizations. Before 1970s: national economies defined by the exchange of goods. Now: economic activity is mostly in service sector and knowledge economy. Believes that we live in a world of transformation, affecting almost every aspect of what we do .
