POLSCI 2XX3 Chapter Notes - Chapter 4: Foreign Direct Investment, World Economy, Atlantic Charter
14 Dec 2015
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Document Summary
The term global economy" is understood as all international economic transactions that occur across national borders: trade; financial flows; and foreign direct investment (fdi) page 59. Glo as a term has no definite definition. It can be said to be characterised by the process of deterritorialization. One view of glo is that it increases growth and prosperity, particularly for the bottom half of the world"s population. Another view is that it increases the gap between the rich and poor both locally and globally, threatening the stability of the global system. One cause of the lack of consensus on the definition and effects of glo is that there is not enough agreement on what poverty is and if it should be assessed in relative or absolute terms. Most absolute measures of poverty indicate that poverty (the number of people living on less than a dollar a day) is declining.
