Sociology 1025A/B Chapter Notes - Chapter 15: Dependency Theory, Structural Adjustment, Arena
10 Dec 2015
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Document Summary
Globalization a set of [uneven] social processes that appear to transform our present social condition of conventional nationality into one of globality. Globality a social condition characterized by tight global economic, political, cultural, and environmental interconnections and flows that make most current borders and boundaries irrelevant. Globalization is based on the exchange of goods, the development of trade routes, the migration of peoples, and the spread of information . Decolonization the process whereby colonial empires are dismantled and former colonies are granted political and economic independence. Tariffs fees imposed by a government on imported goods. Neoliberalism an economic philosophy claiming that when market forces are unimpeded by government, prosperity and democracy will flourish. Technological dimension technology facilitates all other dimensions of globalization: it has transformed information retrieval, storage, communication, production, and transportation. Economic dimension informed by neoliberalism, and is reflected in the transnational financial institutions and in expanded markets, flexible production and assembly, and the concentration of economic power.
