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Globalization

Globalization is the increasing integration of economies and societies through cross-border flow of goods, services, technology, and information. It is characterized by rapid acceleration and integration of markets, nation-states, and technologies to a degree never seen before. Klaus Schwab, founder of the World Economic Forum, said the world has shifted from one where large entities outcompete small ones, to one where more agile competitors outpace slower-moving ones.

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Moises John Caguioa
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35 views12 pages

Globalization

Globalization is the increasing integration of economies and societies through cross-border flow of goods, services, technology, and information. It is characterized by rapid acceleration and integration of markets, nation-states, and technologies to a degree never seen before. Klaus Schwab, founder of the World Economic Forum, said the world has shifted from one where large entities outcompete small ones, to one where more agile competitors outpace slower-moving ones.

Uploaded by

Moises John Caguioa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GLOBALIZATION

–
™Is the process through which an
increasingly free flow of ideas, people,
goods, services, technology and capital
leads to the integration of economies
and societies.
™Example: advances in information and
computer technologies or IT-based
societies.
The Globalization System
–
™In a published book, “Understanding
Globalization: The Lexus and the Olive Tree”, by
an internationally acclaimed and journalist
Thomas Friedman, asserts that in today’s
world, the individuals have become the
super sparks of power, movers of capital,
drivers of development, and the engines of
growth.
The Globalization System
–
™ Globalization is also characterized by a single word:
Web.
™ Thus, Globalization is an inexorable integration of
markets, nation-states and technologies to a degree
never witnessed before – in a way that enables
individuals, corporation and nation-states to reach
around the world farther, faster, deeper, cheaper
than ever before.
™ Speed in commerce, travel, communication and
innovation.
The Globalization System

–
™Globalization is a rapid acceleration of the
movement of people from rural areas and
agricultural lifestyles to urban areas and
urban lifestyles more intimately linked with
global fashion, food, markets, and
entertainment trends.
Klaus Schwab of the Davos World
Economic Forum
–
™Said, “ We have moved from a world
where the big eats the small to a world
where the fast eats the slow”.
Klaus Schwab,
Founder of World
Economic Forum
in 2009
indisputably most
powerful
connector in the
world; his annual
forum in Davos,
Switzerland.

German engineer
and economist.
Balances in Globalization
–
™Traditional balance between nation-
states (balance of power among nation-
states)
™Balance between nation-states and
global markets
™Balance between individuals and
nation-states
References
–
™ WordPress.com
™ http://wiki.ubc.ca/images/2/22/Globalisationmap.gif
™ https://www.google.com.ph
™ Campanilla, Mario B. and Dannug, Roman R. (2004)
Politics, Governance & Government. C & E Publishing Co.
Quezon City. pp. 76-87.

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