SY101 Lecture 5: Chapter 5 Inequality and Globalization oct 25
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Flow of money over time in form of rate. A collect of assets owned real-estate, investments, etc. What is globalization: globalization is characterized by the spread and intensification of capitalism across the globe. Involves interaction and integration of increasing numbers through international trade and investment, travel and tourism and information technology and the mass media: all about capitalism and how it works. Intensification of capitalism: trade liberalization (free trade policies, reduce support for farmers, cut tariffs, deregulate markets. Liberalization made it possible for agribusiness to come to mexico = transformation of the country side. Export-led development open the gateway for free trade zones companies set themselves up in the north to hire cheapened labour force. Remittances: sending back money to their families keeping families alive in different countries they are a part of globalization. Corridors: mexico-us corridor is the worlds top migration corridor, second top is bangladesh-india.
