Geography 2152F/G Chapter Notes -Toronto Stock Exchange, Horizontal And Vertical, Nyse Euronext
6 Feb 2013
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Hyperglobalists: global economy is borderless, capital, information and innovation flow quickly enabled by technology. The political right things that the positive economic impacts outweigh the drawbacks. The political left thinks that globalisation is a problem leads to greater levels of inequality. This occurs at both an international and interregional level. Argue that globalization is a driving force for inequality. Political and moral question as to whether and to what level inequality should grow to how much is too much: two extreme examples of this are china and us, both have high division of classes. Where does a company put certain offices. Also has to look at local markets although you may be a global corporation, still have to worry about local conditions. As far as cars go, different parts are all from different places, no longer such thing as american cars . Whether or not multinationals belong to one particular country is not clear.
