Textbook Notes (369,072)
Canada (162,366)
York University (12,903)
SOSC 1510 (43)
Chapter

GLOBALIZATION NOTES - Future of Work

2 Pages
173 Views

Department
Social Science
Course Code
SOSC 1510
Professor
David Langille

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Description
What is globalization? What is neo-liberalism? How have they changed life in Canada? 1. Globalization • is an increasing economic interdependence of national economies across the world through a rapid increase in movement of goods, service, technology and capital OR globalization involves the interaction and integration of more and more people through trades, investments, travel and tourism, and information technology and the mass media • Globalization overall has been a result of job transfers from Canada to overseas due to “outsourcing 2. Liberalism • Democracy (Adam Smith’s theory of free enterprise) • Make profit 3. Neo liberalism • most commonly used to refer to economic liberalizations, free trade and open markets, privatization, deregulation, and enhancing the role of the private sector in modern society • creation of welfare state which creates new institutions (Fordism) • free trade • The term neoliberal is now normally associated with laissez-faire economic policies, and is used mainly by those who are critical of market reform • Neoliberalism seeks to transfer control of the economy from public to the private sector • The way neoliberal
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