GHY 1020-107 World Regional Geography

GHY 1020-101World Regional GeographyMWF 1:00 1:50 PMProfessor: L. Baker Perry, Ph.D.

1Introduction to Course, GlobalizationIntroductionsCourse LogisticsGlobalizationEconomic GlobalizationAdvocates and Critics of Globalization

For Next Class: Read rest of Chapter 1 (pp. 11-45)2IntroductionsFind a partner sitting near you and find out the following info:NAMEPOINT(S) OF ORIGINMAJOR (or projected major)INTERESTING PLACES VISITEDPLACES YOU WOULD LIKE TO VISITTALENTS OR HOBBIES3Course LogisticsPlease read the course syllabus in detail and let me know if you have any questions!Office hours are MWF 9-11 AM, MW 2-3 PM, or by appointment (296 Rankin West)Textbook is Rowntree et al. 2012 Diversity Amid Globalization.Other readings are available on AsUlearn.Readings are expected to be completed before coming to class!Texting will not be tolerated during class!Plan on 2-3 hours of outside work per hour of class time on average (see statement of student engagement on syllabus).

What is Globalization?5GlobalizationTextbook Definition: increasing interconnectedness of people and places through converging processes of economic, social, political, and cultural changeDistant regions and places are increasingly linked Processes of change occur at greater and greater speeds!6Attributes of GlobalizationGlobal communication systemsTransportation systemsTransnational business strategiesNew and more flexible forms of capital accumulationGlobal agreements that promote free tradeMarket economiesIncrease in economic disparitiesArmy of international workers24 Hour Global Air Traffic

Images of GlobalizationFigure 1.1Figure 1.4Southwestern IndiaLinguistic Diversity in Maryland

9Economic GlobalizationThe driving force behind globalization is economic globalizationThe roots are found in neoliberal economic theoryCore tenets are privatization, unrestricted movement of capital, openness to foreign investment, and lower corporate taxes10Characterized by:Multinational corporations with assets greater than most countriesOf the worlds 175 largest economic entities, 112 (64 percent) are corporations and 63 are countries!The total revenue of Wal-Mart (24th on the list) is 1.94 times greater than the GDP of Israel (50th on the list) and 5.1 times larger than the GDP of Iraq (139th on the list).Instantaneous movement of capital across bordersOutsourcingmoving of jobs overseas to low-wage countries

http://dstevenwhite.com/2011/08/14/the-top-175-global-economic-entities-2010/11Move towards privatization of services, including health care and waterGlobal institutions and agreements that promote free tradeWorld Trade Organization (WTO)North American Free Trade Agreement (NAFTA)Free Trade Agreement of the Americas (FTAA)12Economic Globalization FormalFigure 1.10

Figure 1.6Economic Globalization Informal

Advocates and CriticsWashington, D.C. demonstrationFigure 1.7Figure 1.8The Electronic HerdFigure 1.9Global Sweatshops

Group ExerciseWhat are the arguments of the pro-Globalizers?How do the critics of globalization respond?What is your position?16Advocates of Globalization17Critics of Globalization18Dhaka, Bangladesh

A Middle Position?Globalization of anti-globalizationImportance of managing globalizationStrong, yet efficient governmentsDani Rodrik: The world market is a source of disruption and upheaval as much as it is an opportunity for profit and economic growth.20