Meaning and Contending Theories of Globalization Discussion
Meaning and Contending Theories of Globalization Discussion
MODULE 1
The Study of Globalization: Aspects & Approaches
(PRELIM PERIOD) Globalization can be defined as the increased interconnectedness and
interdependence of peoples and countries. This global phenomenon can
be best understood by looking at the multi-faceted characteristics of
globalization.
Steger_Manfred._2003_._Globalization_A_v (1).pdf
Video link(s):
1. “What is Globalization?”Explainity Explainer Video. Available
at: https://www.youtube.com/watch?v=JJ0nFD19eT8
DISCUSSION After centuries of technological progress and advances in international
cooperation, the world is more connected than ever. This remarkable
change in the world is referred to as globalization.
For you to appreciate this course, you need to broaden your perspective
and should be willing to stretch your imagination and outlook because you
will be exposed to unfamiliar ideas and cultures.
This course will challenge you to think beyond your own country and ask
what it means to be a citizen of the world. You need to study the world
and how it has been affected by the process of globalization because you
will be interacting with it.
Discussion:
Guide Questions:
(The guide questions are intended to help you in reading and digesting the
assigned readings and topics per module. Reading hours are part of the
asynchronous learning to be employed in each module. This is to give you
a deeper exposure and understanding of each lesson as designed in this
module. Clarification and analysis of the content shall be addressed during
the synchronous online discussion or whenever it is deemed to be
necessary.)
DISCUSSION:
Is it relevant?
Cure to our parochialism. It broadens our perspectives.
Allow us to compare our society with others.
We need to study the world because we will be interacting with it.
Even those who choose to remain in the Philippines must confront the
phenomenon of globalization.
What is GLOBALIZATION?
-Key Themes & Characteristics (Manfred Steger)
Globality: a social condition characterized by tight economic,
political, cultural and environmental interconnections and flows,
making currently existing borders and boundaries irrelevant.
Globalization: a set of social processes that appear to transform
our present social condition of weakening nationality into one of
globality; human lives played out in the world as a single place;
redefining landscape of sociopolitical processes and social
sciences that study these mechanisms.
This creates a global civilization in which the market is integrated on the world
level, multinational companies are becoming major actors in the economic process
and international institutions substitute the role of national states. Multinational
companies have fundamental influence on the economy and represent natural
response to the "borderless" economy that is characterized by homogenous
consumer tastes. These companies crowd out national models of economy as
relevant units of economic activity (Ohmae, 1990).
There are also opinions that the liberal economic policy, which is inseparable from
globalization, creates political backlash by groups whose interests are negatively
affected. It is difficult to predict how much and in what direction will this political
backlash influence future developments in the global economy (Heileiner, 2006, p.
85).
(1) Skeptics
The third group of theoreticians, who expressed skepticism with regard to ubiquity
of the process of globalization, is also characterized by the criticism towards
globalization. In that sense they emphasize that the level of integration and
openness of today's economy is not unprecedented. International trade and capital
flows were more important relative to GDP in the pre-1914 period (the first wave
of globalization) than in the contemporary economy (Hirst, Thompson, 2003).
Practice Test:
-Which among the three theoretical perspectives views globalization as
progressive and socially desirable?
A.Hyperglobalists B. Transformationalists C. Skeptics
If globalization represents the many processes that allow for the expansion
and intensification of global connections,
2. Most of us are familiar with economic globalization, but don’t have much
knowledge of political globalization – what is it exactly about?
Out of these disagreements there have emerged three fundamental questions that
probe the extent of political globalization. First, is it really true that the power of
the nation-state has been curtailed by massive flows of capital, people, and
technology across territorial boundaries? Second, are the primary causes of these
flows to be found in politics or in economics? Third, are we witnessing the
emergence of new global governance structures? Before we respond to these
questions in more detail, let us briefly consider the main features of the modern
nation-state system.
3. Can you mention us one nation that successfully managed globalization in the
last two decades and one example of failure?
Perhaps the most impressive success stories are South Korea and Brazil and
prominent failures would include North Korea and Iran.
4. As Rana Foroohar wrote in Time Magazine, these past two years global trade
has been lower than GDP growth for the first time since WWII. Do you fear that
globalization is in reverse?
I don’t think that it’s correct to say that the US ‘turned inward’ economically. It just
no longer dominates the world economy to the extent it did twenty or thirty years
ago. Also, if we look at the strong right-wing nationalist (anti-immigration)
tendencies in various European countries, such as Hungary, Greece, Austria, or
Switzerland, it would be more apt to call these dynamics ‘globalization in reverse’.
5. In his book “The Post- American world” Fareed Zakaria argued that the US was
able to globalize the world but basically failed to globalize itself. What is your
take on this?
I don’t think that one particular nation-state–not even the US–is capable of
‘globalizing’ the world on its own. Globalization is a long-term process that, over
many centuries, has crossed significant thresholds. The last of these thresholds
occurred in the 1980s/1990s, when the US seemed to be the world’s sole
‘hyperpower’. Yet, with hindsight, we know that these were also the decades
which laid the foundations for the rise of Asia. Since globalization is a many-
dimensional phenomenon, it does not make sense to talk about the ‘failure’ of the
US to ‘globalize itself’. In its economic and cultural dimensions, for example, the US
is much more globalized than Europe. If we take the ideological dimension,
however, the US lags behind Europe where voters still enjoy more ideological
choices.
6. Do you think the 21st Century is the Asian Century? Or, still, the West is going
to hold pre-eminence in terms of innovation, R&D and education?
In principle, I agree that the 21st century belongs to Asia. This does not mean that
we should expect the decline of American military and educational power or
European cultural and educational power any time soon. But Asia will gradually
emerge as the equal to the US and Europe. Also watch out for the rise of Australia
and Brazil.
Adapted from: Globalization explained: Q & A with Manfred Steger. Last
accessed 06 July 2020. https://asiancenturyinstitute.com/international/569-
manfred-b-steger-on-globalization