Political Science 1020E Lecture Notes - Lecture 4: The Communist Manifesto, State Capitalism, Global Exchange
4 Oct 2016
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Document Summary
Society protected against market effects (social and welfare policy) Negotiation by social partners (trade unions able to negotiate with employers) Germany leading example (social and capitalism working together. State capitalism: state capitalism - neo-mercantilist: Japan leading example (target public investment, subsidies for leading economic factors, using the state to help the market) China may be reinventing the model (heavily controlling its entrance into the free market, creating *low end* products rather than high quality exports. Globalization: a complex process of integration and interconnection [connections tying us together shrinking the distance between us, tending toward a borderless world , and a single global market, culture, society, and political order. Economic globalization: intensi cation of transnational ows goods, services, labour, capital, challenges economic sovereignty. Cultural globalization: diffusion of information, ideas, and images, via improved communications technology, decline in distinctiveness of national cultures.
