GEOG 332 Chapter 1-3: Global Shift Summary of the 1st Three Chapters
29 Sep 2016
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Globalization is a concept whose roots go back to the 19th century. However, the term itself is commonly misused and confusing. The hyperglobalists argue that we live in a flat, borderless world where the geographical and national spectrums are irrelevant, and global corporations are the natural order. They feel that globalization is the solution to all of the world"s problems. They feel that if we let free markets rule, then our world would be in better shape, and human material well-being would be enhanced. Problem with this view: this involves too little globalization instead of too much. Relying on globalization is a terrible idea. They feel that free markets create inequality, and the globalization of those markets would increase the scale and extent of inequality and cause environmental problems. Markets would only work if they were regulated in the wider interest.
