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19 Pages

Globalization

Course: PS 202, Fall 2008
School: Arizona
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Word Count: 307

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is Globalization What globalization? Globalization of information Globalization of finance Globalization of trade Measuring globalization Globalization What is globalization? "the increasingly close international integration of markets both for goods and services and for capital" IMF Globalization What is globalization? "the increasingly close international integration of markets both...

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is Globalization What globalization? Globalization of information Globalization of finance Globalization of trade Measuring globalization Globalization What is globalization? "the increasingly close international integration of markets both for goods and services and for capital" IMF Globalization What is globalization? "the increasingly close international integration of markets both for goods and services and for capital" IMF Implications of globalization: makes state boundaries less important global dissemination of Western culture increased interdependence global village: rapid communication provokes strong reactions pro and con Globalization Who opposed globalization? Trade unions Environmentalists Social activists Poor countries Isolationists Globalization Globalization of Information Changing technology from telegraph to cell phones Globalization Globalization of Information Changing technology from telegraph to cell phones Computers 200 million worldwide Internet: information, communication cyberspace digital divide Globalization Globalization of Information Changing technology from telegraph to cell phones Computers Media TV, film, newspapers, etc most media controlled by large corporations global diffusion of Western culture agenda setting important of agent globalization WTO World Telecom Pact Globalization Globalization of Finance borrowing, lending, currency trade, commercial banking Globalization Globalization of Finance borrowing, lending, currency trade, commercial banking single, unified world market not centralized in any one state high daily turnover in foreign exchange: $2 trillion arbitrage digital world economy Globalization of Finance Capital Globalization Globalization of Trade World Trade Organization: 144 members Trade integration: extent by which world trade volume grows faster than world GDP Global South's trade share has increased Newly industrialized economies Globalization of Trade through WTO Globalization Globalization of Production Globalization Globalization of Production Mult...

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