1. GO131: International Relations Professor Walter Hatch Colby College Globalization

2. What the heck is it?

3. Something to do with … Technology?

4. Something to do with … Trade?

5. Something to do with … Money?

6. Something scary?

7. Or just alien?

8. My first encounter Seattle, 1999

9. What Environmentalists Said

10. What Labor Said

11. Common Theme: Corporate Power

12. From McDonald’s to Monsanto

13. What Globalization Is The cross-border movement of commodites and services, as well as factors of production (capital, labor, technology), that increasingly integrates disparate communities A set of neo-liberal institutions and norms fostering and shaping such flows

14. What Globalization Isn’t Globalization … “has swallowed most consumers and corporations, made traditional borders almost disappear, and pushed bureaucrats, politicians, and the military toward the status of declining industries.” -- Ohmae Kenichi

15. “Globaloney” Distinctive political, social, and economic institutions remain States still matter “Globalization” is not brand new

16. The First Wave 1870 – 1914 (Pax Brittanica) Free flow of gold High levels of trade UK as hegemon financial power and free trade policy

17. Two New Waves 1945 – 1980 (Pax Americana I) “Embedded Liberalism” New institutions (GATT, IMF) 1980 – Present (Pax Americana II) “Washington Consensus” Unleashing markets

18. Global Flows Commodities and Services (Trade) Labor Technology Capital

19. Trade Almost everything today has an exchange value in global markets Weapons Drugs Even human body parts (Harrison) Volume is up ($34 trillion a year in exports) 10% growth between 2000 and 2005

21. Labor Migration (from global south to global north) volumes may not be so much higher But methods used are increasingly costly in economic and human terms

22. Migrant Smuggling

23. Human Trafficking

24. Technology International strategic alliances Fairchild Semiconductor and Phillips Technology transfer Patents and licenses Often from parent company to subsidiary

25. Capital 1980s and 90s: Relaxed controls on capital mobility Moved to floating exchange rates Volatility Especially hard for developing countries

27. Other Complaints

28. Increased Inequality? Between rich and poor states Within each state

30. A Race to the Bottom? Lower and lower wages Less and less public spending Deregulation Competition policy Intellectual property rights

31. Cultural Homogeneity? Fast food Hollywood Beauty queens

32. In Defense of Globalization Yes, states must wear “Golden Straitjacket” But what’s the alternative?