GEOG 1001 Chapter : Globalization
Document Summary
Globalization: 5 cultural flows, people, technology, media images, finance and goods (capital and commodities) Corporation (tnc: firm or corporation chartered (with hq) in one specific country. They have created a new force to be reckoned with in the global stage. It is now a world of more than 80,000 tncs: many of the tncs are so large that their corporate revenue is higher than the. Hudsons bay company: from about 1600 to the 1800s, these companies controlled a great deal of global trade, foreign investment, and colonization. Plus banking and trade: by 1900, we could recognize about 3000 tncs. By that time, nearly all of them were based in europe or the us (very specific geography). They followed the lead and wealth of colonialism: by 1970, there were close to 7000 (more than doubled in 70 years, in the late 20th century, with revolution in information and communication technologies, the number exploded.
