 gives emphasis on the birth of

Capitalism
 has created a global enterprise
 Three great regions
- CORE, PERIPHERY, SEMI-PERIPHERY
 globalization is a novel stage in evolving
the system of world capitalism
 new global production and financial
system
 emergence of free market - free
trade
 doesn't subscribe to the contention
that capitalism fuels globalization
 TECHNOLOGY and
TECHNOLOGICAL CHANGE
 The NEW ECONOMY accdg. to
Castels:
1. informational, knowledgebased;
2. global
3. networked
 Compression of time and space
 Time-space distanciation –
intensification of worldwide
social relations
 “GLOBALIZATION”
 transformative processes, practices
and developments
 multiple ties and interactions that
link people, communities and
institutions
 rapid growth of media – resultant
global cultural flows
 E.g. McDonalization
 culture is the foundation of
globalization
(Business Week Article)
 Liberal State Leaders
- proclaims that its happening and cannot
be stopped
- a global wave that has been sweeping
the world
LIBERAL NOTION –

Steger does not promote the agenda of any

specific class of group. Globalist are not
dictating their own agenda on people.
will bring wealth and prosperity to everyone.

Chinese businessman – Jack Ma

proponent of e-commerce
versus
combines the idea of economic globalization with
American brand of right-wing foreign policy (open
militaristic and nationalistic)
-a response to protect the gains of
Globalization.