POLI 200 Lecture 9: Globalization
6 Sep 2016
School
Department
Course
Professor
Document Summary
Increase of inter-connections or inter-dependence: increased globalism . Free trade : there is no complete free trade, there exists lower tariffs more market integration but many countries protect aspects of their markets. Production: competitive advantages and specialization: you produce what you"re good at and buy what you"re not good at, countries specialize especially when thinking about their external market and not the internal one. Labor and industry: not as mobile as moving people is a lot harder. Cultural: spreading the ideas, practices, values, information and people. Political: necessary response to contemporary issues that involve global connections. Two broad categories: secular trend: information and ripple effects, inevitable. Economic and political openness: choice within constraints: e. g. Second point of contention: does globalization cause convergence or divergence: if convergence: more similarities across nations, if divergence: more differences. Some convergence: policy imitation, contagion, ripple effects, migration and diversity. Some divergence: affirmation of difference, different reactions to global phenomena.
