Chapter 9 - Globalization Flashcards
What is globalization?
Is a process where people become increasingly aware of, connected to, and dependent on one another.
What is the silk road?
Original trade route that spanned from Italy to China
Who are the Norse Vikings?
First Europeans to come to America
What is Imperialism?
the economic domination of one country by another
What is the global commodity chain?
a worldwide network of labour and production processes whose end result is a finished commodity
What are the three sources of globalization?
Technology, Politics, and Economics
What is Philip Morris?
In the 1970s, Philip Morris was the largest
tobacco company in the USA. Anti-smoking campaigns ate away at their profits, so they globalized
What is McDonaldization?
Term coined by George Ritzer to describe the homogenizing effects of globalization.
What term do Symbolic interactionalists use instead of using Globalization?
Glocalization. Refers to the simultaneous homogenization of some aspects of life and the strengthening of some local differences under the impact of globalization.
What is Neoliberal Globilization?
Promotes private control of industry with minimal governmental interference in the economy.
What is Modernization theory (functionalist perspective)?
Economic under-development results from poor countries lacking Western attributes, including Western values, business practices, levels of investment capital, and stable governments.
What is the best way to help? Transfer these ideals – via culture and capital – to them.
What is dependency theory (Conflict Theory Approach)?
Was a reaction to Modernization theory. Conflict theorists see economic underdevelopment as the result of exploitive relations between rich and poor countries. Colonizers prevented these nations from industrializing and therefore locking them into poverty
