Flashcard: Understanding Globalization Dynamics — 10 carte

Phases — 15th-20th century?

Capitalist expansion, colonization, imperialism

Globalization — definition?

Worldwide integration of systems and flows.

Globalization — definition?

World-wide integration via tech-informational systems

Networks — components?

Infrastructure and flows of info, goods, capital, people.

Networks — components?

Fixed infrastructure and circulating flows

First phase — time period?

15th to 20th century.

Space-time compression — effect?

Reduces distances via communication and logistics.

Trade blocs — purpose?

Promote regional economic integration.

Neoliberalism — policies?

Deregulation, privatization, free markets.

Global inequalities — cause?

System hierarchies and selective flows.