Globalization: Geo-economic Change

In the face of global changes, is it possible to map a single world for study, or must one always develop one’s approach to international and comparative studies on the basis of multiple and changing images of international affairs and what the world is? (Franke, Course Outline)

It, dominates the historically constructed space of places, as the logic of dominant organizations detaches itself from the social constraints of cultural identities and local societies through the powerful medium of information technologies. (Thrift, 31)

A global economy and ease of transportation has also made it possible to take advantage of low wages in developing countries. In the past international labour was unknown. A non-agricultural example of a transnational corporation that utilizes resources across the globe is the Data-Air workers that process ticket stubs and airplane flight information for major corporations in North America but take advantage of the low wages offered by processing this information in a low skilled, less wealthy country such as Barbados. This form of information economy and processing of information utilizes the late 20th and 21s t century technologies such as inexpensive air transportation, satellites, and fiber optics in order to exchange information. This form of business infrastructure is relatively new and therefore makes it difficult to compare the methods by which the economy was once structured to that of our current global economy.

Though, at one point in human history, we may have been able to compare each nation or region on a level field, our post colonial world which has since been divided into individual “nation-states,” no longer allows for such comparisons. Perhaps the most influential aspect of change that has modified the definition of the term economy is technology. Technological advancements have improved the human condition from the invention of the wheel, to the creation of fire, and the ability to harness energy. Innovations such as these have continued to grow exponentially. Following the Industrial Revolution and the Second World War, technological progress has continued to grow at an even greater speed. The 20th century was witness to probably the most useful and practical technological invention – the computer. As a result of this invention, many of the aspects which once controlled global interaction can be utilized by the push of a button. This technological marvel has changed the face of the globe in previously unthinkable ways.

Some topics in this essay:
Wide Web, NIDL” Wright, , World War, Richard Wright, United Ethiopia, North America, Course Outline, Global Change, TNCs Canada, global economy, single approach, comparative study, 20th century, technological advancements, business infrastructure, wright 69, global change, advantage low wages, form business, exchange information, approach international comparative, form business infrastructure, wright 69 form, geographies global change,