GEOG 1410 Lecture Notes - Lecture 32: Economic Globalization, Materialism, Superprofit
7 May 2018
School
Department
Course
Professor
GEOG 1410
January 11, 2018
Geography of Globalization
Raju J Das
Scaling-up, Materialism, Unevenness
“These things don’t fall out of heaven, if there is a heaven… which I doubt it.”
What is Globalization (1)
● Expansion of social relations and activities across national borders
● Increasing interconnectedness of various parts of the world through:
○ Economic, political, cultural and ecological processes
● Economic globalization is a process of:
○ The widening of the markets for consumption, investment, and production on
a global scale
Capitalism and Globalization (2)
● Capitalist circuit
○ M-C (LP,MP) - P - C’ - M’
○ Money, commodity, labour power, means of production, production, C-prime
(new production - software, toy), M-Prime (sell for more money).
● Three forms of Capital
○ Money, productive, commodity
■ Mobility of money, things, and people
○ One form becomes another
● Geographic movement of capital across national borders
● Economic globalization is Capitalist globalization = globalization of capitalist circuit =
of 3 forms of capital
● Capitalism has a tendency to be global, realized in the 1970’s
● History of globalization is the history of geography of capitalism at the global scale
● 19th century: expansion of production, commodities sold in international market C
● End of 19th century: maturing of industrial capitalism
○ Financial capital: globalization of M form of capital
○ Actual process of production were still localized at the level of nations and
regions within nations
● Now, globalization of production P
The Modern form of globalization as a process (3)
● Mobility of productive capital on an international scale
○ Includes transfer of production to third world countries
● Rapid increase in global FDI (Foreign Direct Investment)
○ Planning processes within TNCs (Transnational Corporation) and
‘non-market’ interaction between its unites counteract the unplanned
operation of the market
● Globalization of production has 4 attributes
Document Summary
These things don"t fall out of heaven, if there is a heaven which i doubt it. Expansion of social relations and activities across national borders. Increasing interconnectedness of various parts of the world through: The widening of the markets for consumption, investment, and production on a global scale. M-c (lp,mp) - p - c" - m". Money, commodity, labour power, means of production, production, c-prime (new production - software, toy), m-prime (sell for more money). Geographic movement of capital across national borders. Economic globalization is capitalist globalization = globalization of capitalist circuit = of 3 forms of capital. Capitalism has a tendency to be global, realized in the 1970"s. History of globalization is the history of geography of capitalism at the global scale. 19th century: expansion of production, commodities sold in international market c. End of 19th century: maturing of industrial capitalism. Financial capital: globalization of m form of capital.
