SOSC 2800 Lecture Notes - Lecture 8: International Accounting Standards Board, Libor Scandal, Syrian Civil War
15 Nov 2016
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Document Summary
No government has resources to resist forces of capitalism - capital ows so freely and quickly among countries. 2008 - multinational corporations - accounted for 1/3 of world"s output - 70% of world trade - key players in global economy - control majority of production and distribution - effects livelihoods of millions. People with own cultures/world views also crossing borders both legally and illegally - global signi cance. E. g islamic state - global player wanting to break boundaries. With globalization - need global collaboration to address global problems - transnational issues. Transnational regulations + rule of law emerge. Bodies such as the imf and world bank. Stretched social, economic, and political activities - across distant geographic locations. Events and decisions in one part of world has signi cance and repercussions for other regions and people. Eg. syrian civil war - millions eeing, refugees, problem in 1 country affects others.
