SOCI 1002 Study Guide - Comprehensive Final Exam Guide - Canada, Structural Functionalism, Neoliberalism
20 Nov 2018
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Document Summary
Globalization: the worldwide exchange of money, goods, and services as well as the socio-cultural changes that occur as a result (ravelli & webber 2010, p. 503). Globalization refers to the expansion and intensification of social relations and consciousness across world-time and world-space (steger 2009, p. 15) globalization: a short history. Early international trade and exploration and colonialism (16th century) 1970s oil crises and the birth of neoliberalism. Challenges to global capitalism & imperialism: russian revolution (1917, emergence of fordism (1910s- 1960s) and keynesian economics (1930s- 1980s) Independence movements in africa, india and asia (1950s-1970s) The new global order post wwii: bretton woods, 1944. General agreement on tariffs and trade (gatt)- later to become the world trade. 1973- yom kippur war between egypt & israel. Arab, oil-producing countries created an oil-embargo, leading to extremely high oil prices in the west. Oil embargo led to increased inflation and high interest rates. As a response to the international financial crisis of the 1970s.
