ANTHRO 102 Lecture Notes - Lecture 25: East Los Angeles College, Open Economy, Exchange Rate
Document Summary
Refers to the worldwide movement of finance capital but, in its more common broader sense, it refers to the international spread of ideas, materials, technology, labor and even people. Ethnic and religious groups reassert their cultural identities. Rising populations spiraling energy use and expanding consumption are devastating out natural resources. Solutions need to be found to deal with problems posed by: Worldwide market for companies and the people. Open economy spurs fresh innovative ideas from abroad. A term ascribed to the political stance of groups and individuals who oppose aspects of globalization in its present form. Participants are united in opposition to: political power of large corporations, trade agreements that undermines the environmental and labor rights. Why it exists: environmental implications, economical, cultural, gender, human rights. Economic globalization causes several social ills today. Exploitation of world poor, workers and environment. Countries individual"s culture are becoming overpowered b americanization. Exchange rate stability (balanced growth of trade)
