Fordist crisis - Study guides, Class notes & Summaries

Postmodernism3 key questions of postmodernism - correct answer Are we in a new era? Do we need new theories to understand it? Is objective knowledge still possible? Modern society - correct answer Nation state with powerful institutions. Capitalist organized by a state Fordist principle and mass production. Changes to modern society - correct answer Growing interconnectedness, we now have a global culture that is fragmented. No longer a nation state Technological advancements and dev...

Summary from lecture on Debt Politics and Fordist Crisis towards end of semester.

TOPIC 9- GLOBALISATION, MODERNITY AND POSTMODERNITY tm* INTRO - most of the theories examined so far in this chapter can be placed under the heading of modernism. modernist theories are part of the enlightenment project- the idea that society can progress through the use of human reason. rationality and science will enable us to discover true knowledge about the world. with this knowledge, we can progress to a future of freedom and prosperity. modernist theories therefore set out to explain t...

Globalization - ANSWER The spreading and strengthening of connections between different areas, through which money, information, ideas, and people travel / diffuse International Trading Blocs - ANSWER Trade agreements between different states that encourage the flow of capital by lowering tariff and redistributing jobs (labor intensive in peripheral, R&D in core) EU - ANSWER European Union, a trade agreement kept between most countries of Europe NAFTA - ANSWER North American Free Trade ...