Lecture 5 - Urbanization & Globalization Flashcards
What is Globalization?
is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture
What is Capitalism?
an economic system based on private ownership of the means of production and their operation for profit
What puts globalization and capitalism in check?
Sustainability
Why does capitalism work well?
because it exploits resources and people
What are the two types of corporations?
Multinational and transnational
What is a multinational corp.?
corporations that have many activities and concerns located in multiple nation-states, but remain fundamentally attached to a “home” nation-state. (Walmart)
What is a translation corp.?
corporations that are fundamentally unattached to a single nation-state, and thus are freer to pursue global strategies that may conflict with the interests of nation-states. (McDonalds, Starbucks)
In regards to corporations what is core, semi-periphery and periphery?
Core - where they operate
semi-periphery and periphery - jobs, manufacture, China, India, because low labour, cheap, exploitable
Name 3 World Cities.
New York, London, Tokyo
What was China’s population growth in one year?
1.6 million
What system will fail if we stop consuming?
Capitalism
