SOCIOL 1A06 Lecture Notes - Lecture 13: Subprime Mortgage Crisis, World Trade Organization, International Monetary Fund
7 Feb 2017
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Cultural exchange films, goods that are being exported around the world: expression of culture. Top-down globalization is a pro: argues it i(cid:373)pro(cid:448)es people"s li(cid:448)es. Shrinking of the world: world is getting smaller because we have a lot of technology. There has been a decline in corporate taxes overtime: global commodity chains whatever product that you might buy probably came from various parts of the world, cultural imperialism spread of american culture represents this. Financial capital (casino capitalism: money that is used for things like investments and trading in the stock market, has grown faster than production and trade (casino capitalism) Neo-liberal economic policy: about very little government regulation, let the law of economic and supply and demand govern the market, less government sending on things like home healthcare, less state spending, more regulation. Involves movement in the direction of less production: critique subprime mortgage crisis in us sets off global recession.
