Phases — 15th-20th century?
Capitalist expansion, colonization, imperialism
Globalization — definition?
World-wide integration via tech-informational systems
Networks — components?
Fixed infrastructure and circulating flows
Globalization — definition?
Worldwide integration of systems and flows.
Networks — components?
Infrastructure and flows of info, goods, capital, people.
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.
Answer 9 questions on Understanding Globalization Dynamics.
1. According to Milton Santos, how is globalization characterized?
2. Which of the following best describes the second phase of globalization that began post-1970?
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