SEAsia 1- Globalization



East Asia/Southeast Asia 2: Globalization

China Blue

I. Globalization

A. “the many types of interregional linkages and flows and the changes they are bringing about”

B. cultural changes ( cultural homogeneity or increased cultural identity/autonomy?

C. economic integration – the new world system

D. players

1. World Bank and IMF – 187 member countries

a. established to stabilize world economy after WWII

b. World Bank: “To fight poverty with passion and professionalism”

c. IMF (International Monetary Fund):

• promote international monetary cooperation and exchange rate stability

• facilitate growth of international trade

• provide loans to help countries overcome economic difficulties

2. WTO (World Trade Organization) created 1995

a. GATT (General Agreement on Tariffs and Trade) 1948

b. 153 member countries

c. “global government”

E. major issues

1. political/economic sovereignty

a. “borderless” economy

b. “corporate coup d’etat”

2. monetary instability: “unbridled capitalism run amok”

3. race to bottom? weak labor/environmental/tax laws

F. What does globalization look like?

1. around the world

a. out sourcing

b. EPZs (export processing zones)

c. female assembly warehouses

d. workers’ conditions

2. U.S. job losses

G. reactions

1. opponents in Seattle 1999

a. coalition: labor, environmental, religious

b. open trade ( worker exploitation

c. open capital ( economic instability (speculators)

2. post 1999 demonstrations

H. since Sept 11

1. call for a “better globalization”

2. “it’s not whether but how fast”

II. film: “A Dollar a Day”

III. Reactions?! A race to the bottom? or a race to the top?

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