It fit reasonably well with the 19 th century british

This preview shows page 3 - 5 out of 6 pages.

- it fit reasonably well with the 19 th century British Empire - or US economic imperialism in the 20 th century - but does it still? - in the sushi article, where is the core, and where is the periphery? - if the suchi article suggests that the world system core is in Tokyo, where would you place the core after reading an article about computers, or financial markets, or manufacturing…? - there really is no longer one core and one periphery - but instead many places that function as a core in one industry or context, and periphery in others - an ever more complex network of interactions - with power, wealth, production, and consumption no longer all clumped together in a single core - but distributed at many different nodes of the network - no one core monopolizes the power to act - probably never really did - the periphery has probably always pushed back and influenced the core, too - What causes globalization? - “The society of perpetual growth” - capitalism requires constant economic growth - or it collapses - you constantly hear in the news about measures of economic growth, and you know that economists worry if it gets down to just a few percent per year - capital is wealth that is used to create more wealth: interest on investments - if capital is successfully producing ever more wealth, then the total economic system must be growing
Image of page 3

Subscribe to view the full document.

Intro to Cultural Anthro F 2011 / Owen: Globalization p. 4 - virtually all economists agree with this - details are complex, not fully understood - related to the need in capitalism for loans and the payment of interest (the new wealth produced by capital) - there can be no “steady state”, no acceptable level where economic activity can stabilize - so businesses constantly seek - more consumers - or to get the same consumers to buy more: advertising - when goods were produced on a small scale, often by kin, they were made in direct response to demand - but under capitalism, an investor predicts what demand may be, builds a factory, produces a huge amount of a product, and then has to sell it all or he loses money - so capitalists have to ensure or create demand that often was not there before - by bringing the goods to new people (new markets) - or by influencing the wants of the same people - by creating new or better products - or by convincing them to buy more of the existing ones - or both - more and cheaper material inputs (mining, logging, drilling, etc.) - more and cheaper labor - a business can increase profit by producing and selling more, but also by cutting costs, especially by paying laborers less - so they will move production to wherever labor is cheapest - and will try to pay as little as possible for as much work as possible - governments support this economic growth - with trade agreements, military intervention, etc. - because economic growth is good for citizens - it keeps people working and provides lots of goods - and because it is good for business owners and investors - who influence government to ensure that they continue to profit - Result: globalization - ever more people drawn into the capitalist system -
Image of page 4
Image of page 5
You've reached the end of this preview.

{[ 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