SOCY1050 Lecture Notes - Lecture 5: David Held, Dependency Theory, Neoliberalism
SOCY Week 5
Lecture – Globalisation
• Globalisation refers to a set of processes which involve the increasing multidirectional flows
of things, people, and information across the planet (Ritzer, 2009).
• The intensification of worldwide social relations which link distinct localities in such a way
that local happenings are shaped by events occurring many miles away(Giddens)
• The widening, deepening and speeding up of worldwide interconnectedness in all aspects of
oteporary life… (Daid Held et al, 1999: 14-16)
• Interdependence and ubiquity
• Single society
• Happening much longer in modernity
Modernity:
• Social and economic change
• From rural to industrial society
• Linked with colonialism
• 18th to 19th centuries
Causes:
• Tie-spae opressio – IT change
• Economic interconnection – idea of the free market, capitalist system
• Politics – international governance, sharing of culture, economy and politics, rise of
Neoliberalism
• Global cultural flows – global village
• Shared problems and risks – same problems and inequalities
Economic Interconnection:
• Capitalism
• Rise of TNCs – transnational corporations
• Global production-consumption networks
• Stretches all over the globe
Political Globalisation:
• Emergence of national and international nongovernmental organizations
• Manage what goes on in the free market
• Increase in activities and influence
• Regulate the economies and trade alliances
Neoliberalism:
• Free global maintenance and religious tolerance
• Poorer and wealthier countries work together for economic growth
• Western became the benchmark
• Sense of nationalism
• Increase and support national trade
Problems:
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Document Summary
Interdependence and ubiquity: single society, happening much longer in modernity. Modernity: social and economic change, from rural to industrial society, 18th to 19th centuries. Causes: (cid:858)ti(cid:373)e-spa(cid:272)e (cid:272)o(cid:373)pressio(cid:374)(cid:859) it change: economic interconnection idea of the free market, capitalist system, politics international governance, sharing of culture, economy and politics, rise of. Neoliberalism: global cultural flows global village, shared problems and risks same problems and inequalities. Economic interconnection: capitalism, rise of tncs transnational corporations, global production-consumption networks, stretches all over the globe. Political globalisation: emergence of national and international nongovernmental organizations, manage what goes on in the free market, regulate the economies and trade alliances. Neoliberalism: free global maintenance and religious tolerance, poorer and wealthier countries work together for economic growth, western became the benchmark, sense of nationalism. Problems: critiques current economic arrangement disadvantage the poor, unequal protectionism for markets, barriers to trade = barriers to growth, vested interests and power.
