chapter_11_summary

chapter_11_summary - Chapter 11 Globalization q...

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Chapter 11 Globalization
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Globalization: the worldwide process of making international the realms of communication and commerce Globalization should be seen as a social process, not as a set of social conditions
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Globality Steger (2003) uses the term ‘globality’ to refer to the set of globalized social conditions that exist at any one time These conditions include the amount of global interdependence and the rate of exchange of social, economic, and political information and materials between global markets
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Global Stratification Various terms have been used to identify the economic powers in the world Rich countries: First World or Developed Nations Poor countries: Third World or Developing Nations A further distinction has been made between North and South in that most of the rich nations are in the northern hemisphere
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Economic Globalization Economic globalization: the development of a global market and the flow capital, technology, and goods
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Liberalism Liberalism (as defined by Adam Smith in the 1700s) is the idea that the market is like a living thing that needs to expand and grow in a healthy way It is related to laissez-faire capitalism, a policy of not interfering with market processes
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Neoliberalism Neo (new) liberalism follows the thinking of liberalism It became popular during the 1980s in North America and Great Britain and is associated with Conservative political parties in those areas
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Political Agenda of Neoliberals Privatization of public enterprises
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This note was uploaded on 04/19/2010 for the course SOCI Soci203 taught by Professor Ingrid during the Spring '10 term at Concordia Canada.

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chapter_11_summary - Chapter 11 Globalization q...

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