1. VIEWS OF OUR WORLD

2. GLOBALIZATION  The process by which societies, cultures, politics, and economies around the world are becoming increasingly integrated  Economic globalization  the process of increasing economic integration between countries Production, markets, technology, industries  sharing of capital, production, labour, markets, technology and resources leads to lower prices

3. Opposing Views  allows for full benefit of free market capitalism  Reduction of trade barriers such as fees and quotas  Leads to economic growth in both developed and developing countries  A source of economic domination and oppression  Does not always lead to economic growth  Makes the differences between classes more evident  Wealthy countries are usually the beneficiaries  Poor working conditions, inequality POSITIVESNEGATIVES

4. THEORETICAL RESPONSES TO ECONOMIC GLOBALIZATION  Globalization primarily involves capitalist Western societies spreading Western ideals and culture  Often explained in terms of the relationship between capitalist countries and the rest of the world

5. Modernization Theory  Focuses on how traditional societies are transformed into modern societies  Change is made possible by advancements in technology, industry, economic growth  Societies also modernize through social, political, cultural change

7.  Rostow’s Model:  Traditional cultural values a major obstacle Traditional thinking, religion, superstition sometimes view hardship and economic deprivation as inevitable  A shift in values is necessary to become more receptive to change ie. More concern for individual rights and personal achievement

8. Dependency Theory  Wealth flows from poor countries to wealthier countries  Economic activity in developed countries led to economic problems in underdeveloped countries  In effect, underdeveloped countries provide resources, cheap labour and a market for developed countries  Poverty is due to the way in which countries are integrated into world markets

9.  Terms of trade are unbalanced and unfair  Global poverty is attributed to this exploitation How do we correct this problem? https://youtu.be/k2lvExRwDII https://youtu.be/aVx6cRBtm7c

10. World-System Theory  The capitalist world economy is a global system in which there is an international division of labour  Core nations – most economically advanced  Peripheral – poorest, least developed, dependent  Semi-peripheral – semi-industrialized, process and manufacture natural resources  Upward and downward mobility is possible – ie. Japan, China

11. New International Division of Labour Theory  Commodity production can be divided and assigned to areas that are most profitable  Based on free trade and investment between countries  Promoted by trade liberalization agreements that remove or reduce restrictions  ie. Taxes, licensing, regulations  Investment is thought to create jobs, however, profits do not typically stay in the country

12. LABOUR LAW AND GLOBALIZATION  https://youtu.be/onD5UOP5z_c https://youtu.be/onD5UOP5z_c What is the impact of this on Canadian society?

13. TRANSNATIONAL CORPORATIONS  Corporations that have operations in two or more countries  Often have manufacturing plants and markets around the world APPLE:  https://youtu.be/_RBW2bcMzuU https://youtu.be/_RBW2bcMzuU Would APPLE be able to succeed in Canada? GM: https://youtu.be/8X5F9xuwy3k

14. NON-ECONOMIC ASPECTS OF GLOBALIZATION  Political Globalization  World politics is becoming more integrated, reducing the importance of “nation-states”  “multilateralism” involves the world community in global initiatives – ie. Disease, financial crises, climate change, security  The emergence of international groups is a growing trend United Nations World Health Organization World Bank International Monetary Fund Are these organizations effective in carrying out their mandates?

15.  Environmental Effects  http://www.ted.com/talks/al_gore_warns_on_latest_cli mate_trends?language=en#t-9672 http://www.ted.com/talks/al_gore_warns_on_latest_cli mate_trends?language=en#t-9672