This preview shows page 1. Sign up to view the full content.
Unformatted text preview: people and places through the converging process of economic, political, and cultural change.”
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
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
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...
View Full Document
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.
- Spring '08