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GO131: International Relations Professor Walter Hatch Colby College Globalization

GO131: International Relations Professor Walter Hatch Colby College Globalization. What the heck is it?. Something to do with … Technology?. Something to do with … Trade?. Something to do with … Money?. Something scary?. Or just alien?. My first encounter. Seattle, 1999.

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GO131: International Relations Professor Walter Hatch Colby College Globalization

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  1. GO131: International Relations Professor Walter Hatch Colby College Globalization

  2. What the heck is it?

  3. Something to do with …Technology?

  4. Something to do with …Trade?

  5. Something to do with …Money?

  6. Something scary?

  7. Or just alien?

  8. My first encounter Seattle, 1999

  9. What Environmentalists Said

  10. What Labor Said

  11. Common Theme: Corporate Power

  12. From McDonald’s to Monsanto

  13. What Globalization Is • The cross-border movement of commodites and services, as well as factors of production (capital, labor, technology), that increasingly integrates disparate communities • A set of neo-liberal institutions and norms fostering and shaping such flows

  14. What Globalization Isn’t Globalization … “has swallowed most consumers and corporations, made traditional borders almost disappear, and pushed bureaucrats, politicians, and the military toward the status of declining industries.” -- Ohmae Kenichi

  15. “Globaloney” • Distinctive political, social, and economic institutions remain • States still matter • “Globalization” is not brand new

  16. The First Wave • 1870 – 1914 (Pax Brittanica) • Free flow of gold • High levels of trade • UK as hegemon • financial power and free trade policy

  17. Two New Waves • 1945 – 1980 (Pax Americana I) • “Embedded Liberalism” • New institutions (GATT, IMF) • 1980 – Present (Pax Americana II) • “Washington Consensus” • Unleashing markets

  18. Global Flows • Commodities and Services (Trade) • Labor • Technology • Capital

  19. Trade • Almost everything today has an exchange value in global markets • Weapons • Drugs • Even human body parts (Harrison) • Volume is up ($34 trillion a year in exports) • 10% growth between 2000 and 2005

  20. Labor • Migration (from global south to global north) • volumes may not be so much higher • But methods used are increasingly costly • in economic and human terms

  21. Migrant Smuggling

  22. Human Trafficking

  23. Technology • International strategic alliances • Fairchild Semiconductor and Phillips • Technology transfer • Patents and licenses • Often from parent company to subsidiary

  24. Capital • 1980s and 90s: • Relaxed controls on capital mobility • Moved to floating exchange rates • Volatility • Especially hard for developing countries

  25. Other Complaints

  26. Increased Inequality? • Between rich and poor states • Within each state

  27. A Race to the Bottom? • Lower and lower wages • Less and less public spending • Deregulation • Competition policy • Intellectual property rights

  28. Cultural Homogeneity? • Fast food • Hollywood • Beauty queens

  29. In Defense of Globalization • Yes, states must wear “Golden Straitjacket” • But what’s the alternative?

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