Theorizing globalization Flashcards
(24 cards)
- Widespread in 19th century
- A broad concept that describes various methods employed by one country to gain control
- Associated with rulership over vast geographic spaces and the people who lived there. This characteristic lead to the association of imperialism to globalization.
- control without colonies; more of economic control
Imperialism
Early theorist of imperialism
Vladimir Lenin
True or False: Control over foreign markets and foreign investments is not necessary to provide resources for capitalist industries and to create a market for them.
False
True or False: Capitalist economic system tends to expand imperialistically throughout the world
True
Who critically analyzed “New Imperialism” or “Capitalist Imperialism” as a fusion of political and economic control (primarily economic), highlighting its critique as the exploitation of the “less developed” world?
David Harvey
- Closely related to imperialism as they as sometimes used interchangeably
- Control with colonies; more of political control
Colonialism
Developments that take place in former colony after the colonizing power departs.
Post-colonialism
“Encouraging” less developed countries to have their own industries instead of producing for export and relying on imports.
Import substitution
Investment by a firm in one nation-state to a firm in another nation-state with the intention of controlling them.
Foreign Direct Investment (FDI)
___________ is not caused by underdeveloped countries themselves but it is built on development project. Instead of bringing economic improvement, development brings with it greater impoverishment.
Underdevelopment
Theory where the periphery is being dependent to and exploited by the core
World Systems Theory (Immanuel Wallerstein)
- Imports by non-Americans of those which is closely related with America/Americans.
- Influence not only of US but also of Canada and South America
- Pertains to the export of products, images, technology, practices and behaviors that are closely associated with America/Americans.
Americanization
Process in which principles of fastfood business dominate the society and the rest of the world.
Mcdonaldization (George Ritzer)
Mcdonaldization (George Ritzer) elements
- efficiency
- predictability
- calculability
- control
- Critique toward American social, economic, and political institutions as well as traditions and values.
- Aversion or dislike to American culture, influence and character
- Therefore, leads to a dislike to American people.
Anti-Americanism
Asserts that judgement must be based on intelligent critique and well grounded in facts rather than on prejudice against the US.
O’Connor (2007,2012)
Combination of classical liberalism (individual commitment) and neoclassical economics (free market; little/minimal state intervention)
Neoliberalism (market-liberal perspective)
Mechanism to stimulate investments in economy but results to reduction of government expenditure necessary for welfare services
Tax cuts
He contests that market is spontaneously occurring and self-regulating
Karl Polanyi
Inherently a social phenomena embedded in a sociopolitical structure which makes economic life and social life inherently interconnected
Markets
True or False: Markets are purely economic phenomena, separate from any sociopolitical structure, meaning economic life and social life are not inherently interconnected.
False
Markets are inherently a social phenomena embedded in a sociopolitical structure which makes economic life and social life inherently interconnected
___________ approach focuses more on the economic aspect only which results to a narrow definition of well-being
Market-liberalist
Government responds to societal demand for protectionism to avoid the consequences of economic growth.
Double movement
Promotion of domestic industries through government policies that restrict or limit international trade.
Trade protection
