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August 31 GEOG 100

August 31 GEOG 100 - GEOG 100 6 Globalization the...

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August 31, 2010 GEOG 100 6. Globalization – the increasing interconnectedness of people and places through converging processes of economic, political and cultural change a. Converging Currents of Globalization i. Global communication systems that link all region on the planet instantaneously. ii. Transportation systems that are capable of moving goods quickly by land, sea, and air. iii. Transnational corporate strategies that have created global corporations more powerful than many sovereign nations (states). iv. New and more flexible forms of capital accumulation and international financial institutions that make 24-hour trading possible. v. Global agreements that promote free trade vi. Market economies that have replaced state-controlled economies and privatized firms and services formerly operated by governments. vii.An abundance of planetary goods and services that have arisen to fulfill consumer demand (real or imaginary). viii. Economic disparities between rich and poor regions and countries that drive people to migrate, both legally and illegally, in search of a better life. ix. And an army of international workers, managers, and executives who give this powerful economic force a human dimension. b. Observations: i. Globalization and Cultural Change . Development of global consumer culture that threatens to reduce local diversity, “hybridization” or syncretism of “American” culture; this also impacts US culture. “Be American, buy American” philosophy problematic. ii. – Globalization and Geopolitics . Geopolitical component ins enormous. Globalization is not restricted by territorial or national boundaries of states. The post WWII development of United Nations is significant. The collapse of Soviet Union came after opening to global trade and some argue “economic imperialism” replaced ideological divisions of the Cold War.
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