Theories of globalization and development
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Presentation Transcript

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Globalization

  • Integration of economies

  • Free movement of capital

  • Cultural integration

  • Global IT communication

  • Political links


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Origins of globalization

  • Early migration

  • Trading between continents

  • Merchantilism

  • Global capitalist expansion

  • Colonialism

  • Rise in global communication systems

  • Wars


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Sociological aspects

  • Cultural homogenization of world

  • Changes in people’s identity

  • Changes in cultural values

  • Assimilation of new values

  • Creation of common cultural space


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Agents of globalization

  • Transnational Corporations

  • States

  • International Financial Institutions: World Bank, International Monetary Fund, World Trade Organization

  • Civil society organizations

  • Influential individuals

  • Community groups


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Globalization and development theories

  • Development theories explain globalization

  • Modernization theory: Evolution of society

  • Dependency theory: Interdependent nature of globalization

  • Underdevelopment theory: Some develop and some become underdeveloped

  • World systems theory: System of domination and dependency


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Globalization debate

  • Level playing field vs global hierarchy

  • Equal participation vs marginalization

  • Liberation vs hegemony

  • Local vs global


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Enjoy your break

  • Come back in one piece


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