IDSB04H3 Chapter 9: Chapter 9 Notes

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Trade in goods, services, people, and capital is a key component of globalization. Generally speaking, globalization is the process whereby people are becoming more interconnected and interdependent via particular political-economic relations that work to compress time, space, and cognition. The process of greater integration w/in the world economy through movements of goods and services, capital, technology, and labour, which lead increasingly to economic decisions being influences by global conditions. New globalization: pace at which it occurs is faster - combined w/ the hegemonic (i. e dominant & largely unquestioned) ideology underwriting this process. How globalization affects the health of ppl around the world depends on who controls the flow of capital, labor, & knowledge around the world, & who benefits from it . Globalization can be divided into several eras 1870s, 1914, present time. In the 19th century, global economic expansion was promoted as the key to progress, shepherded by big businesses, trusts, and investors, especially in.

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