Contemporary World Lessons Outline

1. The document provides an introduction to the contemporary world and globalization, defining key terms like contemporary, globalization, and factors that drive globalization like economic, military, cultural, ecological, political, and technological changes. 2. It discusses approaches to studying globalization, noting that while it remains a contested concept, there are agreed upon essential qualities around the creation, expansion, and intensification of...

1. The document provides an introduction to the contemporary world and globalization, defining key terms like contemporary, globalization, and factors that drive globalization like economic, military, cultural, ecological, political, and technological changes. 2. It discusses approaches to studying globalization, noting that while it remains a contested concept, there are agreed upon essential qualities around the creation, expansion, and intensification of social networks and interdependencies on a global scale. 3. Advantages and disadvantages of globalization are outlined, including how increased competition can lower prices but also cost jobs as production shifts overseas. The theory of comparative advantage and philosophies underlying increased global integration are also examined.