Globalization - Globalization Definition Set of processes...

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Globalization 1/29/2008 Definition Set of processes Economic, political, cultural o Culture doesn’t refer to government in the US, more like music and movie industry Time of space o Speed in which economic decisions and culture spreads o Ex. People 100 years ago using telegraph o China stock market affecting New York Intensity Growing interrelations between societies Is it new? Historical antecedents o Atlantic Slave trade o ‘Scramble for Africa’ and Colonialism o Post-War World Trade o IMF and World Bank What’s different? o Time and space o Death of distance; transport costs down including air travel more normal o Impact of technology o Not Europe, but private US firms, and nation states such as China Political characteristics Global governance (WTO, IMF, World Bank)
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Influence of small political and economic elite (World Economic Forum in Davos, Group of 8) Cultural elites (Bono, Bob Geldof, Oprah Winfrey)
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