GEOG 216 Chapter Notes - Chapter 1-20: Economic Globalization, Horizontal Integration, International Trade
9 Jan 2019
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September 5th: lecture 1: geographies of global change. Economic globalization: towards a definition: economic globalization: set of on-going processes, in both spatial and temporal dimensions through extension of economic activities, growing magnitude of interconnectedness, and increased pace of transactions. All the while magnifying local-global impacts over multiple geographic scales. Mexico"s land, vast but mostly owned by large landowners. Institutional and cultural factors: state policy (tax breaks, subsidy). Simple model of economic transition: economies are initially primary, then secondary, then shift into tertiary and quarternary sectors: canada: initially primary, slow industrialization to secondary, and later dominance of quarternary/tertiary. Large deficits can wrack currency value of deficit state, leading to ramifications: historical relationship between global trade and output: largest trade area in the world is. September 19th: why countries trade: canada cont: canada has surplus in knowledge based service to the us, starting 2007, china overtook canada as us"s biggest trading partner, biggest canadian import to china constitute staples.
