Tuesday, April 12, 2011

Chapter 24

I thought it was interesting how the chapter starts with "I think every Barbie doll is more harmful than an American missile"...and the article goes on to explain how Barbie and Ken images are depicted in America compared to the images of similar dolls Sara and Dara in Iran. Growing up, I never realized that Barbie and Ken were never actually married and the image of their relationships is based on materialistic things. Additionally, I thought it was intriguing that the author connected the two concept of dolls by stating that both dolls were made in China.

What factors contributed to economic globalization during the 20th century?
Technology contributed to economic globalization. Shipping in containers, huge oil tankers, and air express services were all part of an upgrade in technology. Population growth also contributed to globalization. It created modern independence while entering the world economy.

What ways has economic globalization linked the worlds peoples more closely together?
Department stores and supermarkets were stocking their shelves with goods from all over the world. Additionally, foreign direct investment, money motion, and capital movement linked economic globalization of world peoples closely together. Foreign investment allowed countries like the United States to open factories in China and Mexico and take advantage of cheap labor, tax breaks, and looser environmental regulations.

What new or sharper division has economic globalization generated?
Globalization has generated economic growth in world history. Life expectancies increased, infant mortality declined and literacy increased as well. Additionally, poverty has fallen, and availability for foreign aid has increased and representation in international economic organization.

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