Globalization - Globalization...

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Globalization Increasing interconnectedness of different parts of  the world  Economic change  Environmental change  Political change  Cultural change 
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Globalization Places and people are  interconnected and  interdependent Col-Tan & The Congo
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Commodity Chains Globalization of economic processes Results in the ordering of global economic space
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Globalization Resulting from: Technological factors -   Advances in communications Advances in information handling Advances in transportation Economic factors – Multinational corporations Trade associations between countries Political factors – Supranational governments (EU, NAFTA,  ASEAN, etc.)
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Globalization: The Great Debate Hyperglobalists: End of the nation-state To be replaced by global institutions Denationalization of economies Borders no longer relevant for commerce Skeptics Global economic integration isn’t really new See 19 th century Nation-states are here to stay necessary to regulate economies More regionalization than globalization U.S., Japan, EU - Dominate
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Globalization: The Great Debate Transformationalists Current processes of globalization are unprecedented Blurring of global and local Regionalization may be stepping stone to global governance Future of globalization is uncertain but some trends can be recognized Places are changing and becoming more linked to global forces Global social disparities are increasing
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Globalization: Economic History Long history  Bretton Woods  Meetings (1944) Postwar planning New world  order Democratic Capitalist New Institutions Protect global  stability
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Globalization: The Three Pillars IMF (International  Monetary Fund):  International  economic  cooperation.   Macroeconomic  focus The dollar = standard  of value
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Globalization: The Three Pillars General Agreement on Tariffs and Trade (GATT): Following Uruguay Round GATT becomes World  Trade Organization (WTO) in 1995. Promote worldwide trade. Trade conferences  Free Trade
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World Bank  (International Bank for  Reconstruction and  Development):  Post WWII  European  investment. Microeconomic 
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This note was uploaded on 10/03/2011 for the course GEOG 103 taught by Professor Cook during the Fall '10 term at South Carolina.

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Globalization - Globalization...

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