GG102 Lecture Notes - Lecture 1: Computer Hardware, Neoliberalism
Document Summary
Globalization: a process and a condition that involves the increasing interconnectedness of different parts of the world through common process of economic, environmental, political and cultural change. Driving factors of globalization: a new international division of labour, an internationalization of finance, a new technology system, a homogenization of international consumer markets. Perspectives on globalization: the hyperglobalist view: the belief that open markets and free trade across the global market will benefit the global population and allow more people to share in the growing world economy. Democracy and human rights will spread around the world due to neoliberal policies that promote open markets and free trade. Believer that instead of globalization the world is actually experiencing regionalization as major trading blocs control the global economy: the transformationalist view: share the same viewpoint as the. Hyperglobalist"s however, they make no claim to the future trajectory of globalization.
