Chapter 23
The Transformation of the World Economy discussion of Barbie and Ken dolls showed the power of global commerce showed a reaction to values portrayed by Barbie and Ken elsewhere in the world Iran created new dolls, Sara and Dara, that displayed Iranian Muslim values and practices Sara and Dara, Barbie and Ken dolls were all made in China a dense web of political relationships, economic transactions, and cultural influences increasingly bound world together the 1990s: the process of accelerating engagement known as globalization globalization had long history upon which 20th-century globalization was built the pace of globalization increased rapidly after WWII global economic connections contracted during the time between world wars capitalist winners of WWII determined not to repeat Great Depressions 1944: Bretton Woods agreements technology helped accelerate economic globalization the 1970s: capitalist countries dropped controls on economic activity and increasingly...