SOC101Y1 Lecture Notes - Lecture 15: Sustainable Consumption, Free-Trade Zone, Outsourcing
Document Summary
Bottom 80% own less than 6% of global wealth, 19% own 46%, & top 1% owns 48% Modernization theory: global inequality results from inadequacies in poor societies, including lack of: Western mentality emphasizing savings, investment, innovation, education, high achievement, and self control in having children. Globalization: definition: a social, economic, & political process that makes it easier for people, goods, ideas, and capital to travel around the world at an unprecedented pace. Globalization makes world look and feel smaller: globalization as a process means it"s neither inherently good or bad. Impacts environment and every human, although in different ways. Digital divide is about inequality of access to means of communication. Top-down globalization: definition: globalization involves actions of groups promoting globalized capitalism and free trade, neoliberal: economic policies are associated with: Focus on individual responsibility for one"s own welfare. Less protection for labour and the environment.
