10-400-13 Lecture Notes - Lecture 11: Stock Market Crash
Cours 4
Globalization
Communication, technologie ---> Globalized world
Globalization :
Economic interdependance between countries (the action of one
country is going to have repercussion on other countries)
Bigger countries are the one who have the more influence during
globalization
Western countries spread their culture trough the world
Good or bad, whats good, whats bad
What is Globalization ?
«between nations» ----> not only countries, but also firms
Doing business with other nations, knowing the culture of other
nations, interdependance, globalized, consciousness of the world, not
just purely economic, a lot of socio political effects of globalization
Political
More countries having a democratic system then ever
before
Motivations
Communication factor, because population
see how live other people
Pressure from organizations like humanitary
organizations and countries organizations
Four Characteristics
Discontinuous change : Who can bring the information now ?
Anyone, everyone can be information provider, new way of
bringing information in a collective way
Tendancy to associate globalization with western countries
Is it truly a domination from the west to the east ?
Globalization is not necessarily from west
A lot of innovation from the east in the
1500
How to Judge Globalization
oA lot of knowledge come from the east
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