Globalization - Globalization Lecture 1 I Is Globalization...

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Globalization Lecture 1: I. Is Globalization old or new? A. Its hundreds of thousands of years old. B. It’s above 150 yrs old. C. 3. Started in 1978 II. Contrary tendencies at once. III. Globalization: the organization of world’s economy such that: A. products-trade tariffs B. people-migration C. investments-movement of capital all over world-foreign investment D. ideas-innovations IV.A-D is all the movement of the world’s economy. Globization is this plus the ramifications of this. V. Globalization is hundreds and thousands of years old because: movements of products and people have been happening for this long. A. Glob. Has been happening ever since we had big economic units like Rome and HAN empire. VI.Traditional vs. modern society. A. Traditional society: 1. Production local-only for sustenance because agriculture was poor and transport was poor-no point in making surplus crop if you can’t sell it. 2. Society local 3. Change is slow. Ideas don’t circulate. Ideas aren’t created. Knowledge isn’t changing. 4. Social roles are fixed. You do what your parents did. 5. 90% of people farmers. Also some artisans, priest, nobles. 6. fixed gender roles. Woman always boor 10 or more children. And death rate was high, 5 children mortality rate and 10% chance of dying in child birth. Population small.
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B. Modern Society 1.Production world wide 2. Econ based on exchange, not sustenance. 3. 80% intercontinental. 4. Science basis of knowledge 5. job and gender roles not fixed birth and death rate much lower. Because birth rate low, population is shrinking -Change and dislocation accelerating, which is why people perceive globalization as a threat. C. There are not purely tardiitonal or modern societies. Movement onn spectrum. Movement has accelerated greatly. Traditional places all different, but modern places look the same. D. Globalization is the culmination of movment that has been going on since Roman Empire.-(one poosibility). E. New World is creation of transoceanic movemnt. F. Movement in the context of E. is transportation and communication. G. There is uneven movement on spectrum. Rosenaou realizes there are pro and anti Globalization forces. But long term movement is from left to right, so uneven movement not symmetrical. H. The question is which social groups within socieites are more resistant? I.Opposition comes from people who believe that change and dislocation accelerating find more threats than opprutunities. VI. GlobalizTion began 150 yrs. Ago. The fist wave of globalization in mid 19 th cent. Fundmental hanges in transportation triggered wave of globalization. A. Countries open to trade or tax on trade. !. Great Britain, which was 25% of world, had open trade and open to movement of people (migration). B. Invenstment-gold standard used to calculate amount currencies were world. Eg. 5 U.S. dollars =1 british pound.
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