{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

GEOG130 Lecture16_Globalization

GEOG130 Lecture16_Globalization - Economy/Globalization...

Info icon This preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Economy/Globalization 1800-1950 Lecture 16
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Globalization What is Globalization ??? Is the opening of national economies to the flow of international goods, capital, and ideas. Removes obstruction of movement of goods and create conditions that are favorable for trading in which economies can expand. Your book states: “The 1970s marked the emergence of globalization as the latest stage in the evolution of the global political economy.” (p. 63) Globalization is an international regime in which the economic interests of multinational corporations and other nonstate actors (IMF and the WTO) are coming to supersede the interests and power of individual states” (p.63). The book states that the power has shifted from nations (empires) to multinational institutions…… What do you think?
Image of page 2
Globalization What is Globalization ??? Globalization is creating two types of people cut across national boundaries, divided into the “fast” and the “slow” according to Riccardo Petrella, a futurist for the European Union. Due to the access to computer-based information and communications techologies. Colin Leys defines new international regime as a world: Dominated by multinational corporations. Regulated by the International Monetary funds Enforced by the military might of the United States.
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Globalization: Colonial Period During the colonial period, trading was controlled by the colonial powers. Trading occurred ONLY from Seville to the new world ports. The colonial period established the foundation of globalization by establishing transatlantic trade. Mercantile System : Trade flowed between designated ports by Spanish vessels. Trading between colonies was discouraged. Maintained trading surplus (one way street). L.A. independence dissolved this agreement. Trading relied on the extraction of natural resources (silver and gold) from the colonies. Old (Britain) and new (US) colonial powers wanted to capitalize on the new countries independence.
Image of page 4
Britain: Britain wanted the new countries open to trade, while the U.S. wanted to avoid competition in the Western Hemisphere. In 1825 Britain recognized Argentina—the first independent Lain American republic to be recognized by an European power. A commerce between two nations followed. Britain’s strategy to gain an edge was to: open consulates, promote trade, protect the interests of Britain nationals working in Latin America. Globalization: Colonial Power
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
What was happening in the USA in the 1800s? In 1819 Spain ceded Florida to the United States in the Adams-Onis treaty. In addition, the United States gave up its claim to Texas. The U.S. claimed the Oregon Territory and paid Spain $5 million.
Image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern