How do we measure it? And what things about it are new? ***Economic BasesPolitical BasesCultural BasesAnd how does it impact society and social organization in new ways?How to Measure Globalization?Economic GlobalizationBretton Woods Conference, 1944 (During WWII) –New Hampshire-Delegates from 44 nations decide on the international monetary infrastructure“Bretton Woods Institutions” 1944 to the present…IMFWTOWBGoals of Bretton Woods?-Macroeconomic stability and governance-Gold standard pegged to US dollar & IMF reserves (currency is worth a specific amount of gold)(Nixon took us off the Gold Standard… currency now floats… )-Required states to act in the best interests of the global orderWhy is this important now? – We just lived through a crisis.Multiple GlobalizationsEuropean Union …Political changesPolitical GlobalizationNational sovereigntyWestphalian state system challenged (After 20 yrs war) – nobody controls you but you, sovereign states could not get involved in the affairs of other nation states.How?-Failure of governments-Nationalist movements-Non-state actors –ie: Greenpeace-Accountability?Global Governance?Regional governance commonGlobal bodies exist…Efficacy? – not a lotWhat issues might need to be governed globally? : war, nuclear, climate change, human rights, natural disastersCultural Globalization
Culture = shared understandingDoes globalization change culture? – yesAugust 31, 2015Is the World Flat?