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Globalism-the ideology of Globalization

Globalism-the ideology of Globalization. Dimensions of Globalization. Economy—global capitalism Politics—Struggle for power/dominance Cultural—Globalization as Disney Ideology--. Ideology (xii). “a plethora of stories that define, describe, and analyse that very process”

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Globalism-the ideology of Globalization

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  1. Globalism-the ideology of Globalization

  2. Dimensions of Globalization • Economy—global capitalism • Politics—Struggle for power/dominance • Cultural—Globalization as Disney • Ideology--

  3. Ideology (xii) • “a plethora of stories that define, describe, and analyse that very process” • At an attempt “to endow this relatively new buzzword with norms, values, and meanings that not only legitimate and advance specific power interests, but also shape the personal and collective identities of billions of people.”

  4. Progressive Transformation (xii) • Freedom and Equality for all people. • Importance of a critical perspective.

  5. Osama and Modernity • Even the anti-moderns use the internet and wear cloths made in sweatshops.

  6. Terms (7-13) • Globalization—set of social processes • Globality—Social Condition • Globalism—the new market ideology

  7. Four Qualities of Globalization • Creation of new and the multiplication of existing social networks that cross geographical borders. • Expansion and stretching of social relations (NGOs). • Intensification and acceleration of social exchanges and activities (internet and jets). • Increased consciousness of the world.

  8. Definition • Globalization refers to multidimensional set of social processes that create, multiply, stretch, and intensify worldwide social interdependencies and exchanges while at the same time fostering in people a growing awareness of deepening connections between the local and the distant (Steger, 13).

  9. The Blind Scholars (13-16) • What is this thing called “globalization”?

  10. Is Globalization New? • Today’s Technological and social advances stand on the backs of previous inventiveness.

  11. History • Prehistoric 10,000-3,500 BCE (migration) • Pre-modern 3,500 BCE-1,500 CE (Empire) • Early Modern 1500-1750 (enlightenment) • Modern 1750-1970 (industrialization) • Post-modern 1970-present (contemporary)

  12. The Economic Dimension • 1st Claim: “Globalization is about the liberalization and global integration of markets” (97).

  13. Bretton Woods • In 1944 the US and the UK established a new international economic order that set each country’s currency to the dollar. • This was important for creating a safe environment for capitalists to trade internationally.

  14. Bretton Woods Collapses • Nixon believed that American companies were suffering because of the fixed rates of international currencies. • Rebirth of free trade • By 1980 Neoliberal economics became the dominant force, over controlled capitalism (Keynesian Mixed economy)

  15. Internationalization of Trade • See Boxes on 40-41 • Everything is for sale • What role is left for the state?

  16. Transnational Corporations (48-51) • See list on 49 • 51 of the top 100 economies are TNCs

  17. International Economic Institutions • See boxes on 53-54. • The “Washington Consensus”.

  18. 2nd Claim (99) • Globalization is inevitable and irreversible. • Why is this controversial? • Why should it be controversial?

  19. 3rd Claim • Nobody is in charge of globalization.

  20. 4th Claim • Globalization benefits everyone.

  21. 5th Claim • Globalization furthers the spread of democracy in the world.

  22. Two Views of Globalization • What are they?

  23. Politics and Economics • Should the two always be separate or are they inextricably tied? • Is the state giving way to international organizations? • How does the environment effect globalization?

  24. Challenges to Globalization • Particularist Protectionism • Universalist Protectionism

  25. Particular protectionism • What is this view? • Why is it attractive?

  26. Universalist Protectionists • What is this view? • Why is it attractive?

  27. Ideology Vs. Reality • Theory and practice…

  28. Two Possible outcomes • The parallel between the past and the present (Karl Polanyi). • Reformed Globalization

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