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Unformatted text preview: A Globalization Story 22:17 A Globalization Story • Climate change means governments must cooperate/coordinate (P I) • Climate change is (some) result of global economic activity (P II) • Climate change disrupts social life [Story of Joe] (P III) • Disruptions to social life affect global economic activity (P II) • Disruptions to global economic activity affect governments, making them less able to cooperate/coordinate (PI) A different Globalization Story • A “strong” state – a state with ‘capacity’ – can change its laws to attract Foreign Direct Investment (P I) • FDI can lead to job creation and capital accumulation (P II) • Capital accumulation helps make civil society stronger (P III) • Stronger civil society (P III) leads to more stability, so government legitimacy (P I) now dependent on markets (PII) o Government has to make capital happy or else the capital will go away • Government strictly weaker o Lost power to market Where We’ve Been •...
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- Spring '11
- Globalization, o Capital, global economic activity