Lecture November 30 - Lecture November 30 Globalization,...

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Lecture November 30 Globalization, poverty and inequality a. Globalization, poverty and inequality a. Globalization: the popular view b. Thomas Friedman. The Lexus and the Olive tree . Globalization is the new international system that replaces the Cold War i. Geopolitical dimension: U.S. as sole superpower ii. Economic dimension: Spread of free-market capitalism everywhere iii. Cultural dimension: Americanization iv. Features: Integration and dynamism v. New actors: nation-states, global markets, super-empowered individuals vi. Technology is the driving force. c. Globalization as utopia b. Globalization 2: academic version a. Globalism (Nye and Keohane. “Globalization: what’s new?”) i. Greater density of networks between nations at multicontinental distances (beyond region) ii. Shrinkage of distance iii. Institutional velocity: reduced cost of communication, more information moving around the globe faster iv. Transnational participation: Multiple channels between societies, multiple actors, not just states, multiple issues. Irrelevance of force for interdependent states. v. Globalisms
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1. Economic: goods, services and capital 2. Military: networks of interdependence 3. Environmental: transport of materials and substances across the atmosphere and oceans 4. Social and Cultural: movement of ideas, information, people c. The Washington Consensus and Neoliberalism a. More free trade and lower tariffs b. Fiscal conservatism (budget surpluses) c. Openness to foreign investment
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Lecture November 30 - Lecture November 30 Globalization,...

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