GEOG 2000 Lecture Notes - Fall 2018 Lecture 1 - Cultural homogenization, Economic globalization, Commodification
Document Summary
Factors contributing to globalization: the new international division of labor, the internationalization of finance, technological innovation. Biotechnology, robotics: growth of consumer markets which people indulge in affordable luxuries that are marketed as symbols of distinct styles. Similar trends in consumer tastes among the world"s affluent a new materialism in. Using atm in hong kong: size of the us market, wealth of the us economy, a comparatively homogenous culture. **economic globalization is in its early stages, and the local response is sure to be an important cultural struggle in the coming decades. Cultural impact of globalization: 3 principal ways that globalization can be seen to have an impact on global culture, new global professions, pop culture, global village. Globalization has brought problems: economic decline in some areas as capital flows towards more profitable ventures, undercutting of the power of national/local governments to regulate economic affairs, loss of local diversity with the economic success of global products.
