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Comparative Politics 10.2.06 (part 2)

Comparative Politics 10.2.06 (part 2) - Comparative...

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Comparative Politics Wednesday, October 4, 2006 – Friday, October 06, 2006 – Monday, October 09, 2006 – Wednesday, October 11, 2006 – Friday, October 13, 2006 - Monday, October 16, 2006 – Wednesday, October 18, 2006 – Friday, October 20, 2006 – Monday, October 30, 2006 Section 2 Globalization Some soft and hard facts The term “Made in America” does not strictly mean produced within the continental US or Alaska or Hawaii (last stage of production process) An automobile made by an American Company might be manufactured in Mexico Mexico is one of the US’s largest trading partners and the bulk of the imports from Mexico are manufactured goods Services offered by American companies may be contracted to firms abroad - outsourcing. A call to IBM customer service may be rerouted to Ireland where a Ghanaian may handle the call In the last 30 years the sales of the 500 largest multinational corporations grew seven fold Direct foreign investment (used to define what a company does beyond its border to build up its plan) quadrupled in the 1980’s Buying and selling of foreign currency reached a value of $US 1.2 trillion per day in the early 1990’s National borders are receding and businesses working internationally US foreign policy priority - fight terrorism - free trade globalization (so the US will work with individual nations, entire regions, and the entire global trading community to build….) Why Study Globalization? - It enlarges mass consumer societies which make available an almost infinite variety of goods and services to ordinary individuals. - It stimulates the efficient production of goods and services through the use of the new technologies in telecommunications and computers. - It challenges the traditional definition of the state though the creation and functioning of multilateral institutions possession binding authority over a nation’s trade and economic policy. - It diminishes traditional boundaries by allowing individuals across nations to form communities of interest beyond the confines of a particular nation. - It promises to improve significantly the human condition. Question: Does globalization promote democratic practices and institutions throughout the world? WTO – World Trade Organization (sort of international court) Prevents US from using subsidies on some things
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Globalization is a process in which: States promote the free flow of goods, services, and investments (and in some cases people) across national borders in order to encourage free trade. Among the rationales behind Globalization is to increase prosperity (and the spread of modernity) throughout the world on the basis of free trade. Also, globalization is regarded as a process that would forestall the economic and political crises of the so-called interwar years (1930’s) when Europe and the US underwent economic depressions, and in some cases that rise of militaristic authoritarian regimes (Nazism in Germany).
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