SOCA02H3 Chapter 9: Chapter 9 - Globalization
17 Feb 2012
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There is clear evidence supporting the vast benefits that globalization brings us. But arguably, rather than spreading the wealth, globalized industries and technologies may be turning the world into a more unequal place y. Everything influences everything else in a globalized world y to explore this idea, barbara garson traced a small sum of money she invested in the chase. Garson discovered that the bank almost immediately lent some of her money (along with additional money) to caltex, a large us corporation, for the construct of an oil refinery in thailand. Initially thai officials opposed the refinery, mainly because thai fishers and farmers believed the refinery would pollute and eventually destroy their livelihood and their villages. However, extensive lobbying by american politicians on behalf of caltex eventually led thai officials to relent and allow construction. Caltex secured the assistance of the politicians by using some of garson s money for political party contributions.
