GEOG 1000 Chapter Notes - Chapter 1: Economic Globalization, Industrial Revolution, World Trade Organization
19 Dec 2013
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Document Summary
Globalization: the increasing interconnectedness of people and places through converging economic, political and cultural activities. Many observers argue that today"s globalization is the most fundamental reorganization of the world socioeconomic structure since the industrial revolution. One big aspect effected by globalization is the environment because natural resources became global commodities. Major component of globalization is the economic reorganization of the world. Globalization and geopolitica: there is a theory that globalization weakened the political power of individual states and gave more power to regional organizations and political organizations such as the euro union and wto. Environmental concerns: transnational firms: firm or corporation that does international business through an array of global subsidiaries. Often disrupt ecosystems with their constant and pushy search for natural resources and manufacturing sites: controversial environmental point: economic glabalization is causing problems such as global warming, air pollution, water pollution, deforestation, ect
