Module One - Module One: Globalization What is...

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Module One: Globalization What is globalization? Is it the integration of economic, political, and cultural systems across the globe? Or is it the dominance of developed countries in decision-making, at the expense of poorer, less powerful nations? Is globalization a force for economic growth, prosperity, and democratic freedom? Or is it a force for environmental devastation, exploitation, and suppression of human rights? Does globalization only benefit the rich, or can the poor take advantage of it to improve their well being? What globalization means is changing over time. The goal of this module is to mobilize your critical thinking skills so that you have information and concepts that can help you answer some of the main questions and engage in the debates concerning globalization yourselves. In future modules, we will continue to trace the various flows associated with globalization and understand the interdependencies that it represents. Globalization Lecture 1) Be comfortable with the definition of globalization that centers on flows and interdependence. • intensified transnational movement of ideas, people, goods, and capital • processes through which regions and their economies, societies, and cultures have become more interdependent through communication, transportation, and trade. • Nations can no longer develop economically and technically on their own. A nation has to be part of the global development system if it wants to prosper. : during this process, Western ideas and modes of living are gradually seeping into the fabric of the world. 2) Be able to provide a brief and cogent answer regarding the five big debates or questions concerning globalization covered in lecture (e.g. that globalization is new). 1. “Globalization is Nothing New” YES archaic globalization : equates migration & trade w/ globalization • During the Age of Discovery : exchange of crops, human population (slaves), cattle’s, diseases, etc. : Communication of decimation, and eventually, death of natives • During Industrialization : New technology (communications, transportation) : Level of integration = prodigious • Contemporary Globalization – truly global (the reason why answer is YES) : Centrality of individual is greater : Modern communication/transportation technology makes transfer of ideas faster, easier, and cheaper : Conditions in receiving culture = important (politicized/contested) 2. Who/What Drives Globalization? - (Communications and transportation technology facilitates) • The initial framework
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: New Institutions (emerging post WWII) - e.g. IMF, World Bank, GATT-WTO • Washington “Consensus” – reducing state scope : In order to grow and prosper, natl. economies had to open up : deregulate markets, liberalize trade, privatization, foreign investment, etc.
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This note was uploaded on 02/13/2012 for the course CICS 101 taught by Professor Farnsworth during the Winter '10 term at University of Michigan.

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Module One - Module One: Globalization What is...

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