Class notes

GEOG 216 (Geography of the World Economy) Complete Class Notes

0 purchase

Course
GEOG216 (GEOG216)

Institution
McGill University (Mcgillu)

RECEIVED AN A IN THIS COURSE Complete and detailed class notes, including prep for test 1, test 2, and finals.

[Show more]

Preview 4 out of 119 pages

View example

Uploaded on February 4, 2023
Number of pages 119
Written in 2020/2021
Type Class notes
Professor(s) Prof coomes and prof breau
Contains All classes

mcgill
geography
class notes
geography of the world economy

regonz Member since 2 year 4 documents sold

CA$17.16

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Reading 1
Reading 2
Reading 3
Reading 4
Reading 6
Reading 7

Lecture 1: Geographies of Global Change

Lecture 2: The Structure and Organization of Economies

Lecture 3: Growth & Development- Concepts and Measures

Lecture 4: Mapping the World Economy

Lecture 5: Recent Patterns and Trends- A Global Perspective

Lecture 6: Canada in the World Economy

Lecture 7: Why Countries Trade

Lecture 8: Early Commercial Expansion

Lecture 9: The Colonial World Economy

Lecture 10: Development Theories and Pathways

Test 1 Review

Lecture 11: Global Population Dynamics

Lecture 12: Population and Migration

Lecture 13: Natural Resources and Primary Commodities

Lecture 14: Population and Resources I: Food and Agriculture

Lecture 15: Population and Resources II: Oil and Minerals

Lecture 16: The Geography of the Industrial Revolution

Lectures 17-18: The Organization of Industry in the 20th Century- From Fordism to
Post-Fordism

Lectures 20-22: Post-Fordism, The Division of Labor and New Industrial Spaces

Test 2 Review

Lecture 23: The Resource Curse and Dutch Disease

Lecture 24: Global Food Systems

,Lecture 25: The Global Land Rush

Lecture 26: Tropical Deforestation

Lecture 27: Rainforest Livelihoods in the Amazon

Lecture 28: Global Trade Institutions and Agreements

Lecture 29: Local-Global Geographies of the Financial Crisis & the Great Recession

Lecture 30: Thinking About The Environment-Economy Interface

Lecture 31: The World of the City

Lecture 32: Globalization and Inequality

Lecture 33: Deglobalization? The Contours of the Global Economy After COVID-19

Final Review

, Reading 1

Geographic Perspectives

- Everything that occurs on earth’s surface = inherently geographic → take place in space
+ their location influences their origins, nature, trajectories over time
- Social events = spacial; happens somewhere
- Geography = study of space, how the earth’s surface is used, how societies produce
places, how human activities are stretch among different locations
- Examines why things are located where they are
- Looks at distribution of human + natural phenomena
- Where something occurs shapes how it occurs
- Link spatial outcomes to social + environmental processes that cause them
- Geographic landscapes = social creations
- GNP = common measure of natl income activity
- Per capita GNP can be used as a measure for quality of life
- Uneven economic growth rates among world regions
- Higher in East Asia vs Latin America
- Purpose of development = improve quality of life
- Occurrence of development dependent on extent to which social and economic
changes + reshaping of geographic space help or hinder meeting basic needs

Environmental constraints
- Environmental challenges include:
- Overconsumption and wasteful consumer culture
- Poor people in developing countries destroying resource bases for basic survival
- Pose challenges to future economic growth
- Energy problem in developing world → oil = unaffordable luxury to many; fuelwood used
as substitute
- Topsoil destruction due to overcultivation, improper irrigation, deforestation
- Limited resources

Disparities in wealth and wellbeing
- Economic differences between countries paralleled by social and demographic
differences as well
- Deeply entrenched and institutionalized poverty → inadequate food, shelter, access to
resources, etc
- Poverty linked with informal economies
- Developed countries have significantly gained vs developing countries
- Low per capita income → low savings level → low demand for consumer goods; low
investment in human and physical capital → low productivity
- Coupled with rapid pop growth, contributing to low per capita income by
increasing demand without increasing supply

, What in the world is going on?

The end of the world as we knew it?
- Last 3 decades of C20: intensified globalization of global economy; qualitatively distinct
from previous globalization
- More extensive geographical scale of production, distribution, consumption
- Now seen as the “natural order” → increasing geographical spread + functional
integration between economic activities
- Sept 2008: global economic crisis through the fall of Lehman Brothers
- Economic growth rates continued to decrease after, yet rich continued to gain
- Other neo-liberal, free market institutions collapsed
- Two-speed world economy linked with developing countries growing rapidly
- Globalization has 2 definitions
- Empirical = structural changes in the global economy
- Ideological = neoliberal, free-market

Conflicting perspectives on globalization
- Globalization dates back to Marx → analysis of development of global capitalism
- Hyper-globalists argue that we live in a borderless world in which the “national” is no
longer relevant; globalization = new economic order
- Consumer tastes, cultures are homogenous → satisfied through provision of
standardized global products produced by global companies
- Nation-states no longer meaningful economic units or significant actors
- Essentially everything is becoming the same; part of a natural order
- Pro-globalists (neoliberals on the right): globalization is an asserted, ideological
project that will bring the greatest benefit for the greatest number; solution to
world’s economic problems and inequalities
- Anti-globalists (left of hyper-globalists): globalization = problem not solution,
particularly the market forces operating free markets → these create inequalities;
markets should be regulated in the wider interest, even the return of the “local”
- Sceptical internationalists argue that world economy was more open and integrated in
the half century before WW1
- Trade and investment levels in this period not reached until late C20
- Based on quantitative data

Grounding globalization: geography really does matter
- New geographies of production, distribution and consumption being created
- Changes in the nature + degree of world interconnectedness (and speed at which
connectivity occurs) → stretching + intensification of economic relationships
- Pre 1914: shallow international economic integration vs todays’ deep integration
- Shallow = trade in goods and services between independent firms, intl
movements of portfolio capital

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller regonz. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$17.16. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Class notes

GEOG 216 (Geography of the World Economy) Complete Class Notes

Document information

Subjects

Written for

Seller

Reviews received

Content preview