Posted by: Opey | May 15, 2007

Putting Life in a Global Context

1 down, 3 to go. I’m now finished with 25% of my senior year finals, and today promises to be one filled with studying key terms and reviewing lecture slides. Tomorrow, I have my final exam in my most difficult, but yet most interesting class of the year, Political Science 379: Globalization. For the unannointed, Globalization is a theory about the current world political/economical context that we live in, in which international political and economical interdependence is on the rise. Trade, international finance, and other broad areas fall under the globalization and international political economy umbrella. It really is a very interesting field that encompasses so much of the interesting current events that happen around us. For one, we briefly covered the rise of China, and some of the reasons for it, and the possible implications its growth may have. We also looked at the environmental impacts of world development and world trade, looking at international organizations such as NAFTA, the WTO, and the EU and their interactions with environmental trade policy. We even had the opportunity to look at off-shoring/outsourcing through the lens of foreign direct investment of multinational corporations and it’s impact on US wages and job opportunities, as well as those same characteristics all over the OECD and less developed nations. I would really recommend everyone do some reading on this phenomenon. As we learned in the class, this is not a new phenomenon. A similar context occurred prior to WWI under the hegemonic leadership of the British Empire. If your looking for some good Summer reading, I would recommend the following books on the subject. I have read them all, and they all do a great job of explaining the issues and making them “real” for the everyday person.

  • Making Globalization Work by Joesph Stiglitz (Link)
  • The Lexus and the Olive Tree by Thomas Friedman (Link)
  • The World is Flat by Thomas Friedman (Link)
  • In Defense of Globalization by Jagdish Bhagwati (Link)
  • Why Globalization Works by Martin Wolf (Link)

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