SOCA02H3 Chapter Notes - Chapter 21: Glocalization, Mcdonaldization, Dependency Theory
Document Summary
Globalization occurs as people and institutions across the planet become increasingly aware of, and dependent on, one another. Imperialism is the economic domination of one country by another. Global commodity chain is a worldwide network of labour and production processes whose end result is a finished commodity. Transnational corporations are large businesses with head offices in rich countries. That rely increasingly on foreign labour and foreign production; skills and advances in design, technology, and management; would markets; and massive advertising campaigns. It refers to the spread of the principles of fast- food restaurants efficiency, predictability, and calculability to all spheres of life. Glocalization is the simultaneous homogenization of some aspects of life and the strengthening of some local differences under the impact of globalization. Regionalization is the division of the world into different and often competing economic, political, and cultural areas. Colonization is the direct political control of one country by another.
