GEOG 216 Lecture Notes - Functional Integration, Economic Globalization, World Trade Organization
23 Nov 2012
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Econ geography = why of the econ where. Q: why are s/places rich, s/places poor. Internationalization: extent to which diff nat econs interact w/1 another through exchange of g/s. Focus on extension of econ activities across nat boundaries. Globalization (economic): involves more than simply increased internat trade. Set of processes through which econ activities are increasingly interconnected. Emergence of new set of actors on gl/stage (instits, trade agreements) Quantitative + qualitative changes that facilitate gl/integration. Period (1870 1930) had more trade + investment flows. Flow of g/s not new, plays down qualitative changes. Is economic globalization new? (pre 1500) china + india trade w/se asia, eeur, islamic world, mediterr (1500 1800) commodity integration grew slowly (little over 1%/annum) H: past integration shallower, current deeper organized primarily w/in mnc produc networks. Expanded gl/m for $ transaction + all forms of marketable securities. Multilateral conventions + agreements, privatization + liberalization. Mncs, wto, country groups (ex: oecd), trading blocs (ex: nafta)
