Review Sheet for INDV 103 at UA
Review Sheet for INDV 103 at UA
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This 6 page Class Notes was uploaded by an elite notetaker on Friday February 6, 2015. The Class Notes belongs to a course at University of Arizona taught by a professor in Fall. Since its upload, it has received 21 views.
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Date Created: 02/06/15
IV Outline of Lecture Topics for INDV 103 Globalization and Global Governance Globalization A Conceptual Introduction A Origins of the Concept B What Does Globalization Look Like See Globalization at a Glance C What is Globalization See De nitions of Globalization Two Waves of Globalization A Is contemporary globalization really new and different B First Wave 1 Began in mid19th century 2 Ended by 1930 a WI 1914 b Russian Revolution 1917 c Great Depression 1929 C Globalization Then and Now 1 Trade Flows 2 Capital Markets 3 Industrialization and DeIndustrialization 4 Policies and Institutions Why all the fuss about globalization A Who opposes globalization Trade unions Environmentalists Social activists Poor countries Isolationists o are targets of oppositon WTO World Bank IMF NAFTA OECD Group of 8 Transnational Corporations TNC w NQF IPWNT EF IPWNT Measuring Globalization A ATKearnyForeign Policy Index 1 Economic Integration a Trade b Foreign direct investment c Income payments and receipts 2 Personal Contact a International travel and tourism b International telephone traf c c Crossborder transfers 3 Political Engagement a IGO memberships 4 b UN Security Council mission participation 0 Foreign embassies hosted Technology a Internet users b Internet hosts 0 Secure internet servers B Application 1 2 62 advanced economies and emerging markets Aggregation and norming procedure V How Does Globalization Work A Dimensions of Globalization 1 2 Globalization as networks of interconnections Key Dimensions a Economics b Environment 0 National Security d Society and Culture B Explaining Globalization 1 breview l out Economy a Two waves of globalization b Trade Incentives to trade a Comparative Advantage b New Trade Theory Barriers to trade a Protectionism b Natural Home Country Bias 0 Currencies Debts and International Finance 1 Currencies and foreign exchange 2 International debt 3 International nance 4 Financial crises Asia 19971998 Environment a Global vs Local b Global Linkages 1 Energy 2 Material 3 Biotic 0 Globalization of Environmental Ideas National Security a Traditional national security b Globalization of security 0 Role oftechnology d Beyond technology Social and Cultural a Age of Simultaneity b Communications Revolution 1 Digitization 1 2 September 23 2002 c d e 2 Information processing 3 Bandwidth 4 Decentralization Assessing the Communications Revolution Hybridization or Homogenization Role of American Culture 1 Reasons for American dominance 2 Continued American dominance Some terms you should know Washington consensus sustainable development globalization comparative advantage ta riff protectionism hard currency hybridization CNNization effect breview l out September 23 2002 Definitions of Globalization International Labor Organization Globalization is de ned as a process of growing interdependence between all people of this planet People are linked together economically and socially by trade investments and governanceby market liberalization and information communication and transportation technologies Joseph E Stiglitz p 9 Fundamentally it globalization is the closer integration of the countries and peoples ofthe world which has been brunt about by the enormous reduction of costs oftransportation and communication and the breaking down of arti cial barriers to the ows of goods services capital knowledge and to a lesser extent people across bders or Thomas L Friedman p 9 the inexorable integration of markets nationstates and technologies to a degree never witnessed before in a way that is enabling individuals corporations and nationstates to reach around the world farther faster deeper and cheaper than ever before and in a way that is enabling the world to reach into individuals corporations and nationsstates farther faster deeper cheaper than ever before Keith Head process by which nationality becomes increasingly irrelevant The terrifying closeness of far away places breviewl out October 3 2x102 World Trade Capital Flows TNCs Shipping Air Transport Tourism Telephones NGOs Internet Globalization at a Glance 19501998 exports of goods increased 17fold while world economy increased only 6fold 19701998 global direct foreign investment increased 44 billion to 644 billion 19701998 number of TNCs worldwide grew from 7000 to an estimated 53600 19551998 shipping tonnage of goods rose more than 6fold 19501998 passengerkilometers own grew nearly 100fold from 20 billion to 26 trillion 19501998 international tourist arrivals increase 25fold from 25 million to 635 million 19601998 lines linking phones grew 8fold from 89 million to 838 million 19561998 international NGOs grew 23fold from 985 to an estimated 23000 Since 1995 the internet has grown by 50 each year Source Adapted from Hilary French Vanishing Borders Norton 2000 breviewl out October 3 2302 Albert and Bertram s Comparative Advantage Both Albert and Bertram make hats and shoes Albert is better than Bertram at making both In one 8 hour day Albert makes 6 hats and 4 pairs of shoes Bertram makes only 5 hats and 3 pairs of shoes Therefore Albert is 15 more ef cient at hats 6 rather than 5 Albert is 13 more ef cient at shoes 4 rather than 3 Albert s comparative advantage is shoes 13 is better than 15 Both Albert and Bertram bene t if Albert makes only shoes and Bertram makes only hats breviewl out October 3 2x102
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