SOC101 Chapter Notes - Chapter 19: Worldwide Exchange, Cultural Homogenization, International Inequality
Document Summary
Describe how globalization has emerged through capitalism. Explain the signi cance of the change in terminology from first, second, and third world to. Global north and global south and of the terminologies associated with development . Review the role of technological, political, and economic changes in the emergence of globalization. Distinguish between absolute and relative de nitions of poverty. Discuss the relationship between globalization and inequality. Explore the challenges that globalization poses in the area of cultural homogenization and the opportunity of cosmopolitanism to resist it. What is globalization globalization: worldwide exchange of money, goods, and services as well as the sociocultural changes that occur with increasing trade and human contact. Wallerstein argues that true economic integration became possible only with the emergence of capitalism. Western europe developed economic systems based on market principles in the sixteenth century where goods and services were produced and exchanged for pro t.
