All Notes for GEOG 2253

Reorganizationoftheworldssocioeconomicstructuresomeget

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Unformatted text preview: people and places through the converging process of economic, political, and cultural change.” Globalization— Global economic integration—different countries from different parts of the world that are now trading, World Trade organization, more interdependence of countries throughout the world. Reorganization of the world’s socioeconomic structure—some getting richer, some getting poorer. Wide cultural changes (Westernization) Political arrangements altered—global trade agreements, developing countries adopting democracy Natural resources become global commodities—multinational strategies, decision for one country might affect another on the other side of the world. Deforestation, global warming, etc. Attributes of globalization— Global communication systems—spread of knowledge, distance from one place to another seems to shrink Satellites Mobile phones Internet (Facebook, Skype) Transportation system— Advances in air, sea and land transport move people and products across world with ease and less time Standardization of containers Development of public transport systems (trains, subway, etc.) Containerization—standard container size (40 ft. container) saves time and uses less people Public transport—airplanes shorten travel distance. Seoul Metro—easy for people to travel, travel time reduced Transnational corporate strategies— Emergence of multinational corporations (Toyota, Wal­Mart) Companies that “transcend” national borders Budgets larger than many nations GDP Large influence on local economies Transnational strategies—Discussion Corporations that have global reach—McDonalds, Starbucks, Boeing, Apple Foreign firms that operate in U.S.—car companies, Nokia, IKEA International goods/service you purchase—cars, beer, computers, etc. Attributes of Globalization— International Financial Institutions— (24 hr. banking, Internet to trade stocks) World Bank IMF WTO Other regional financial institutions European investment bank Global agreements that promote free trade Lower trade barriers and integrate the World NAFTA (North American Free Trade Agreement) Canada, U.S., Mexico AFTA (Asian Free Trade Agreement) Market economies have replaced state­controlled economies and privatized firms...
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This note was uploaded on 02/07/2014 for the course GEOG 2253 taught by Professor Staff during the Spring '08 term at Oklahoma State.

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