Lecture 4: The global economy & global responders

Question 1

Passports

Answer 1

• states regulating people’s movement
• only as secure as the weakest state (Saudi)
• social status prior to the French Revolution was enough for ID

Question 2

What is imperialism?

Answer 2

methods employed by one nation state to gain power over an area and then exercise control over it

• Origins in Roman Empire
• late 1800s: Germany, Italy, Belgium, Great Britain, France
• collapsed after WW2
• easiest way to characterize glob’n

Question 3

What is cultural imperialism?

Answer 3

cultures imposing themselves, more or less consciously, on other cultures

Question 4

What is media imperialism?

Answer 4

Western (especially US) media and their technologies dominating less-developed nations, cultures

Question 5

What are sites of imperialism?

Answer 5

• Great Britain: commonwealth still exists, HBC
• Soviet Union
• US? -exhibit control throughout history

Question 6

What does Lenin say about imperialism?

Answer 6

-capitalism drives interest in investment into new geographic areas (seeking new markets to sell goods they can’t sell at home

Question 7

What are Lenin’s 5 dimensions of imperialism?

Answer 7

1) Strong monopolistic concentration of power and wealth
2) Financial control of investment and industry
3) Export of capital rather than the exports of goods
4) Formation of international capitalist monopolies which share the world amongst themselves
5) Terrorist division of the whole world among the greatest capitalist powers

Question 8

What is David Harvey’s New Imperialism?

Answer 8

• imperialism is both a political project in order to control the human and natural capacity of a region but also
• diffuse political - economic mechanisms concerned with investment and profit

Question 9

What does the growth of glob’n stem from?

Answer 9

capitalism

Question 10

What is colonialism?

Answer 10

creation by the colonial power of an administration in the area that has been colonized to run its internal affairs
-linked to imperialism but not the same

Question 11

What are the 2 dominant colonial periods?

Answer 11

1) 1400s in Africa, Asia and Americas by Europe

2) 1920 - WW1

Question 12

What is cultural colonialism?

Answer 12

extension of colonial power through cultural activities and institutions
-influence of one culture on another

Question 13

What is post colonialism?

Answer 13

developments that take place in a former colony after the colonizing power departs
-not the end, just the consequences

Question 14

What is settler colonialism?

Answer 14

foreign powers oversees the family settlement of immigrants often through depopulation

Question 15

What is development?

Answer 15

A project concerned with the economic development of nation states not regarded as sufficiently developed
-as a historical stage: 1940s-1970s

Question 16

What is the world system theory?

Answer 16

Sees the world divided mainly between the core and the periphery with the latter dependent on, and exploited by the core nation states

Question 17

What is the difference between westernization and easternization?

Answer 17

• East: economic & cultural influences of the East on the West (JIT system)
• West: influence of West on the rest of the world

Question 18

What is Americanization?

Answer 18

imports by non-Americans on that which is closely associated with America/Americans’

Question 19

Who said this quote: “Globalization is really another name for the dominant role of the US”

Answer 19

Henry Kissinger

-support of americanization

Question 20

When was the peak of Americanization?

Answer 20

1945-1971 in Europe

Question 21

Why did the decline of americanization begin in 1971?

Answer 21

• Nixon and the end of the gold standard
• US takes the world off the gold standard
• French started emptying American gold reserves

Question 22

Who said the US must be an empire?

Answer 22

Niall Ferguson

• reluctant imperialism
• The 68th empire

Question 23

what is neoliberalism?

Answer 23

liberal commitment to individual liberty, a belief in the free market and opposition to state intervention in it

Question 24

Where did neoliberalism come from?

Answer 24

1) classic liberalism - John Locke & Adam Smith
- free markets and ‘invisible hand’
2) embedded liberalism
- postwar structures of the international system

Question 25

What is market fundamentalism?

Answer 25

Markets will take care of all our needs

-belief in success of free markets (free markets assume rationality

Question 26

Who is Friendman?

Answer 26

World is flat guy

Question 27

What is the TPP?

Answer 27

Trans Pacific Partnership

-restructured into NAFTA

Question 28

What did Polanyi say?

Answer 28

• criticism of neoliberalism
• capitalist free markets are antisocial
• society will inevitably fight back
• double movement between market forces and social forces
• more privatization = more resistance to privatization (foreign ownership, economic crisis)

Question 29

What is a double movement?

Answer 29

Coexistence of the expansion of the laissez-faire (policies of non-intervention by the state) market and the reaction against it

Question 30

What is an EPZ

Answer 30

Export Processing Zone

-independent area controlled by corporations and free of national control

Question 31

What is precariat?

Answer 31

growing number of part-time workers, temp workers, and others living precariously without state jobs, occupational identities, or social protections

Question 32

Who is Francis Fukuyama?

Answer 32

• Hegel - constant struggle over social organization and governance
• 1989
• fall of Berlin Wall