Etymology and Usage: Globalization, or Globalisation (Commonwealth English See Spelling Differences), Is
Etymology and Usage: Globalization, or Globalisation (Commonwealth English See Spelling Differences), Is
Etymology and Usage: Globalization, or Globalisation (Commonwealth English See Spelling Differences), Is
CONTEMPORARY WORLD
DEFINING GLOBALIZATION:
Much has changed since time immemorial. Human beings have encountered many changes
over the last century especially in their social relationships and social structures. Of these
changes, one can say that globalization is very important change, if not, the most
important(bauman,2003). The reality and omnipresence of globalization makes us see
ourselves as part of what we refer to as the “global age” (Albrow, 1996). The internet for
example, allows a person from the Philippines to know what is happening to the rest of the
world simply by browsing Google. The mass media also allows for connections among
people, communities, and countries all over the globe.
So what is Globalization?
Archaic
Trade on the Silk Road was a significant factor in the development of civilizations from China, Indian
subcontinent, Persia, Europe, and Arabia, opening long-distance political and economic interactions
between them.[33] Though silk was certainly the major trade item from China, common goods such as
salt and sugar were traded as well; and religions, syncretic philosophies, and various technologies,
as well as diseases, also traveled along the Silk Routes. In addition to economic trade, the Silk Road
served as a means of carrying out cultural trade among the civilisations along its network. [34] The
movement of people, such as refugees, artists, craftsmen, missionaries, robbers, and envoys,
resulted in the exchange of religions, art, languages, and new technologies. [35]
Early modern
Main article: Proto-globalization
Early modern globalization is distinguished from modern globalization on the basis of expansionism,
the method of managing global trade, and the level of information exchange. The period is marked
by such trade arrangements as the East India Company, the shift of hegemony to Western Europe,
the rise of larger-scale conflicts between powerful nations such as the Thirty Years' War, and the rise
of newfound commodities—most particularly slave trade. The Triangular Trade made it possible for
Europe to take advantage of resources within the Western Hemisphere. The transfer of animal
stocks, plant crops, and epidemic diseases associated with Alfred W. Crosby's concept of
the Columbian Exchange also played a central role in this process. European, Muslims,
Indian, Southeast Asian, and Chinese merchants were all involved in early modern trade and
communications, particularly in the Indian Ocean region.
The 1843 launch of the Great Britain, the revolutionary ship of Isambard Kingdom Brunel
During the 19th and early 20th centuries, the United Kingdom was a global superpower.
Modern
According to economic historians Kevin H. O'Rourke, Leandro Prados de la Escosura, and
Guillaume Daudin, several factors promoted globalization in the period 1815–1870: [38]
● The conclusion of the Napoleonic Wars brought in an era of relative peace in Europe.
● Innovations in transportation technology reduced trade costs substantially.
● New industrial military technologies increased the power of European states and the United
States, and allowed these powers to forcibly open up markets across the world and extend their
empires.
● A gradual move towards greater liberalization in European countries.
During the 19th century, globalization approached its form as a direct result of the Industrial
Revolution. Industrialization allowed standardized production of household items using economies of
scale while rapid population growth created sustained demand for commodities. In the 19th century,
steamships reduced the cost of international transportation significantly and railroads made inland
transportation cheaper. The transportation revolution occurred some time between 1820 and 1850.
[30]
More nations embraced international trade.[30] Globalization in this period was decisively shaped by
nineteenth-century imperialism such as in Africa and Asia. The invention of shipping containers in
1956 helped advance the globalization of commerce. [39][40]
After World War II, work by politicians led to the agreements of the Bretton Woods Conference, in
which major governments laid down the framework for international monetary policy, commerce, and
finance, and the founding of several international institutions intended to facilitate economic growth
by lowering trade barriers. Initially, the General Agreement on Tariffs and Trade (GATT) led to a
series of agreements to remove trade restrictions. GATT's successor was the World Trade
Organization (WTO), which provided a framework for negotiating and formalizing trade agreements
and a dispute resolution process. Exports nearly doubled from 8.5% of total gross world product in
1970 to 16.2% in 2001.[41] The approach of using global agreements to advance trade stumbled with
the failure of the Doha Development Round of trade negotiation. Many countries then shifted to
bilateral or smaller multilateral agreements, such as the 2011 South Korea–United States Free
Trade Agreement.
Since the 1970s, aviation has become increasingly affordable to middle classes in developed
countries. Open skies policies and low-cost carriers have helped to bring competition to the market.
In the 1990s, the growth of low-cost communication networks cut the cost of communicating
between countries. More work can be performed using a computer without regard to location. This
included accounting, software development, and engineering design.
Student exchange programs became popular after World War II, and are intended to increase the
participants' understanding and tolerance of other cultures, as well as improving their language skills
and broadening their social horizons. Between 1963 and 2006 the number of students studying in a
foreign country increased 9 times.[42]
D.H. Comet, the world's first commercial jet airliner, entered service in 1949
Since the 1980s, modern globalization has spread rapidly through the expansion of capitalism and
neoliberal ideologies.[43] The implementation of neoliberal policies has allowed for the privatization of
public industry, deregulation of laws or policies that interfered with the free flow of the market, as
well as cut-backs to governmental social services.[44] These neoliberal policies were introduced to
many developing countries in the form of structural adjustment programs (SAPs) that were
implemented by the World Bank and the International Monetary Fund (IMF). [43] These programs
required that the country receiving monetary aid would open its markets to capitalism, privatize
public industry, allow free trade, cut social services like healthcare and education and allow the free
movement of giant multinational corporations.[45] These programs allowed the World Bank and the
IMF to become global financial market regulators that would promote neoliberalism and the creation
of free markets for multinational corporations on a global scale. [46]
In the late 19th and early 20th century, the connectedness of the world's economies and cultures
grew very quickly. This slowed down from the 1910s onward due to the World Wars and the Cold
War,[47] but picked up again in the 1980s and 1990s. [48] The revolutions of 1989 and
subsequent liberalization in many parts of the world resulted in a significant expansion of global
interconnectedness. The migration and movement of people can also be highlighted as a prominent
feature of the globalization process. In the period between 1965 and 1990, the proportion of the
labor force migrating approximately doubled. Most migration occurred between the developing
countries and least developed countries (LDCs).[49] As economic integration intensified workers
moved to areas with higher wages and most of the developing world oriented toward the
international market economy. The collapse of the Soviet Union not only ended the Cold War's
division of the world – it also left the United States its sole policeman and an unfettered advocate of
free market.[according to whom?] It also resulted in the growing prominence of attention focused on the
movement of diseases, the proliferation of popular culture and consumer values, the growing
prominence of international institutions like the UN, and concerted international action on such
issues as the environment and human rights.[50] Other developments as dramatic were the Internet's
becoming influential in connecting people across the world; As of June 2012, more than 2.4 billion
people—over a third of the world's human population—have used the services of the Internet. [51]
Growth of globalization has never been smooth. One influential event was the late 2000s
[52]
recession, which was associated with lower growth (in areas such as cross-border phone
calls and Skype usage) or even temporarily negative growth (in areas such as trade) of global
interconnectedness.[53][54]
Globalized society offers a complex web of forces and factors that bring people, cultures, markets,
beliefs, and practices into increasingly greater proximity to one another.
METAPHORS OF GLOBALIZATION
In this activity, you are to see the actual application of globalization on the different
aspects of daily life such as politics, music, sports, films, celebrity, and disaster.
a. Enumerate at least three of the most recent songs you have listened. Where did they
originate? Identify the nationality of the writer and/or artist for each music.
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c. How did you access these music? Did you purchase them onlineor listen to them
through YouTube, Spotify, and other music channels?
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2. Using a visual perception, create your generalizations and discuss: What is Globalization?
How would you define globalization?
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3. Do you agree with the idea that the contemporary world is characterized by high
liquidity? Why or why not?
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