Globalization - Globalization 1/29/2008 Definition Set of...

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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) Intellectual elites (Jagwash Bhagwati, Thomas Friedman, Economist, Financial Times)
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Globalization - Globalization 1/29/2008 Definition Set of...

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