SOC101 Chapter Notes - Chapter 19: World-Systems Theory, Gross Domestic Product, Cosmopolitanism
2 Aug 2018
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Document Summary
Infectious diseases spread through international travel and trade. Increasing international trade: economic collapse of 2008 is only time we have seen decline year on year, as of 2013 has risen again, 1944 bretton woods conference created international monetary fund, world. Bank, and world trade organization to help protect global economy from future financial crisis. Globalization and inequality: almost 90% of world"s wealth in north america, europe, and high-income asia- If richest had to pay tax on their wealth they would be able to provide food, clean water, basic sanitation, and health care for many poor people: 5 out of 10 people are in vulnerable employment situations. Homogenization of cultures: globalization lies at heart of modern culture, cultural practices lie at heart of globalization as well, run risk of losing cultural diversity because western mass media dominates the world. Summary: globalization is the worldwide exchange of money, goods, and services as well as socio- cultural influences.
