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Chapter 1-3

GEOG 332 Chapter 1-3: Global Shift Summary of the 1st Three Chapters


Department
Geographical Sciences
Course Code
GEOG 332
Professor
Julie Silva
Chapter
1-3

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Global Shift by Peter Dicken
Chapter 1: What in the world is going on?
Globalization is a concept whose roots go back to the 19th century. However, the term itself is
commonly misused and confusing. The hyperglobalists argue that we live in a flat, borderless
world where the geographical and national spectrums are irrelevant, and global corporations are
the natural order.
Pro-globalists (Neo Liberals)
They feel that globalization is the solution to all of the world’s problems.
They feel that if we let free markets rule, then our world would be in better shape, and
human material well-being would be enhanced.
Problem with this view: this involves too little globalization instead of too much.
Anti-globalists (Left wing)
Relying on globalization is a terrible idea.
They feel that free markets create inequality, and the globalization of those markets
would increase the scale and extent of inequality and cause environmental problems.
Markets would only work if they were regulated in the wider interest.
Shallow Integration- vague, superficial connectivity between countries and independent firms in
terms of arm’s length trade and simple direct investment
Deep Integration- Complex connectivity between nations and firms in terms of trade, investment,
geography, and other various factors
Globalization myths
1. The world is not flat: Dicken claims that geography still matters in terms of economics,
and that some people and places have advantages and disadvantages based on where they
are.
2. The world is not borderless: Political entities still have more power when it comes to
shaping the global economy.
3. Global Corporations do not rule the world: States have more power and TNCs (Trans-
national corporations) have less power than other people claim
4. Globalization is neutral(not always good, not always bad)
Chapter 2: The Centre of Gravity Shifts: Transforming the Geographies of the global
economy
The global division of labor developed and intensified with industrialization. The USA, UK, and
a few countries in Western Europe used a core-periphery system. However, the system became
more complex and fragmented by the Second World War. The global economy since 1950 has
been characterized by the increased volatility of aggregate economic growth and increasing
interconnectedness.
Trade has grown faster than output
Foreign direct investment has grown faster than trade
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