IR Notes Lecture 16

IR Notes Lecture 16 - Lecture 16March 15, 2007...

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Lecture 16—March 15, 2007 Globalisation and the Developing World I. What is Globalization? II. Five key debates about globalisation III. Globalisation’s discontents IV. Globalisation and development V. Looming questions about globalisation VI. Development assistance I. Defining globalisation a) Thomas Friedman: The integration of markets, finance, and technologies that is shrinking the world from a size medium to a size small and enabling each of us to reach around the world farther, faster, and cheaper thane ever before b) Narrow i) Internationalisation: greater interdependence, increase number of cross-border transactions ii) Liberalisation: the process of removing government barriers to trade and capital flows c) Broad i) Universalisation: spread of knowledge and experiences to all parts of the globe so we all share in a similar set of common understandings ii) Deterritorialisation: state boundaries are decreasingly important and influential d) What’s driving globalisation? i) Information technology enables new modes of communication bringing people around the world together more quickly and efficiently and in ways many times undetectable by governments (so nation-state defined by boundaries declines when people can avoid those boundaries) ii) Transportation technology: ability to move goods and people around the world quickly and efficiently in ways not previously possible iii) This combo of information and transportation technology combine to shrink world e) Types of globalization (can be argued they are all interlinked) i) Economic: long distance flows of goods, services, and capital around the world ii) Military: long distance networks of interdependence in which force and threats of force are employed at greater distances and in unconventional ways iii) Environmental: Increasing awareness that global environment doesn’t respect state boundaries and thus can’t rely on individual states to address environmental challenges iv) Social/cultural: movement of ideas, info, images, and people around the world in unprecedented ways facilitated by improvements in information and transportation technology II. Implications of globalization (understood through 5 key debates)
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a) Understood that it is transforming international relations and changing all aspects of life, undermining the role and usefulness of the state, and that globalization can be managed at some point by int’l institutions b) 5 debates i) How new or unique is globalization? (1) Some see it as a continuation of a process often interrupted by wars or economic crises, but there is continuous movement throughout history of increasing interdependence in this sense (a) So not a revolution (2) Others argue it is fundamentally different because the type of interdependence of globalization is much denser and complex than simple trade in goods—currency exchange, global financial markets (a) Also radically different because of velocity of communication that we
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IR Notes Lecture 16 - Lecture 16March 15, 2007...

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