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Globalization

Globalization can be viewed both positively and negatively. It involves the increasing integration of economies and societies around the world through increased trade and cultural exchange. Key aspects of globalization include the compression of time and space through advances in transportation and communication technologies, as well as the rise of multinational corporations operating across national borders. There are debates around whether globalization leads to more equal development or a concentration of power and wealth in certain core regions and companies.

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386 views2 pages

Globalization

Globalization can be viewed both positively and negatively. It involves the increasing integration of economies and societies around the world through increased trade and cultural exchange. Key aspects of globalization include the compression of time and space through advances in transportation and communication technologies, as well as the rise of multinational corporations operating across national borders. There are debates around whether globalization leads to more equal development or a concentration of power and wealth in certain core regions and companies.

Uploaded by

vishwesh
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Lecture Outline

Globalization: Cancerous Spread • Map Quiz


or Benevolent Aid? • Globalization
– Definition
– Time-Space Compression
Geography 5
– World System Theory
February 27 2004 – World Cities
• Video:

What is Globalization? Time-Space Compression


“the process by which events, activities, and M. McLuhan (1960)
decisions in one part of the world have “GLOBAL VILLAGE”

significant consequences for communities


- speed of life has increased
in distant parts of the globe.” - altered social, cultural,
(Haggett, p.586) political and economic
scale
- GLOBAL Relationships
GLOBALIZATION = INTERNATIONALIZATION
Haggett, p. 589

Characteristics The Debate


Not a new phenomena – Colonization, mercantilism Cons Pros
(16th - 18th Century) • Uneven distribution of •Promotes economic
results –
development
Modern Causes: underdevelopment and
1) Transportation technology concentration of $$ •Increased employment in
2) Global media sourcing • Concentration of developing countries
global/national capital
3) Communication technology/ Internet •Distribution of technology
and power (MNCs)
4) Multi National Corporations and ideas
• Risk of exploitation
Types of Globalization
World Systems Theory
Dispersal/Extensive Concentration Wallerstein (1974)
(Japur, India) (Seattle, USA)
• Theory of development and under-development
•Distribution of global POWER – economic class
• World divided into 3 spheres:
Core
Semi-periphery
Periphery

•Culture (Media) POWER • Core exploits the peripheries and prevents development
•Environmental Problems •Economic • Expressed through MNC control
•Economic modes/ Ideas •Political

Economic Regions of the World


Commodity Chains
Def: linkages between sites of production and
consumption
• Manufacturing increasingly global

• Hidden geographies:
Global production creates distinct
social, environmental and political
characteristics
Core Semi-periphery Periphery

World Cities World Cities


Def: Urban areas which play a dominant role in
global economics and politics

NOT POPULATION SIZE

 Financial centers of the globe


- control the multinational corporations
- usually get most capital from extraction in
other areas

Economic might = global political influence


(e.g. G8) Haggett p. 603

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