POL 1102 Lecture Notes - Lecture 1: Westernization, Comparative Advantage, Cultural Imperialism

• School: University of Ottawa
• Department: Political Science
• Course: POL 1102
• Professor: Ivaylo Grouev

Document Summary

100 largest economies 51 are now global corporations. The richest 1 percent of americans own 40 percent of all us assets. Combined assets of 358 billionaires equal the combined assets of almost half the worlds population. The corporate share taxes paid has fallen from 33 percent in 1940s to 15 percent in 1990s. Individuals share of taxes has risen from 44 to 73 percent. The courts have given corporations the basic constitutional rights of persons, but workers lose those rights on entering the workplace. Mitsubishi is larder than the fourth most populous nation: indonesia. Corporations are great because they serve employment to billions of people (cid:862)glo(cid:271)alizatio(cid:374) has lifted o(cid:448)er a (cid:271)illio(cid:374) people out of po(cid:448)erty(cid:863) = china. The concept of globalization reflects sense of an immense enlargement of world communications. As well as the horizon of a world market, both of which seem far more tangible and immediate than in earlier states of modernity.