SOCI 100A Chapter Notes - Chapter 19: Gross Domestic Product, Worldwide Exchange, World-Systems Theory
23 Oct 2016
School
Department
Course
Professor
Document Summary
Globalization: used to describe the worldwide exchange of money, goods, and services as well as the sociocultural changes that occur with increasing trade and human contact. People from different geographic locations coming together to trade/sell. Countries came together that shared similar political/economic systems. Since these counties spent so much on military though, they could not afford to become global empires. He economic integration became possible only with the emergence of capitalism. Colonizing: the political, economic, and cultural domination of countries in asia, africa, and the. Americas by european countries starting in the 16th century. Economies today are more integrated/interdependent than ever: example: fruit grown in mexico ends up in nevada, or jeans made n china available to us in canada. Advances in communication technologies have made the world a smaller place. First, second, and third world issue dot describe a nation"s relative economic, political, and social development.
