Course: GEC 8 (The Contemporary World)
Topic: Structures of Globalization
I. Learning Outcomes
Upon completion of the module, you are expected to be able to:
1. Determine the structures of globalization; and,
2. Construct a timeline of the history of global market integration in the twentieth
century.
II. Core Values/ Biblical Principles/ Inspirational Quotes
In an era of globalization, the recognition of human dignity and the fight to safeguard human
rights have grown even more complex and demanding.
Financial capital around the world is becoming increasingly connected, and wealth is becoming
increasingly concentrated in the hands of financial elites and corporate entities. It is becoming
increasingly difficult to realize social and economic rights, particularly in terms of ending hunger
and lowering unemployment.
It is in this light that we realize our Christian tradition showing people to “do justice, embrace
faithful love, and walk humbly with your God” (Micah 6:8b). What has to be globalized is a
culture of peace in visible and practiced ways in the lives of all humanity.
We must globalize an ethos that values and defends human life through human rights, so that
everyone “could have life – indeed,… live life to the fullest” (John 10:10b), as God intended.
III. Learning Activities and Resources
As mentioned in the previous section, the economic dimension of globalization is at the heart of
the discussion. To continue with this course, it is important to determine the structures of
globalization.
Please read “A Course Module for the Contemporary World” by Botor et al., pages 21 to 56 to better
understand the structures of globalization.
A cluster session will be scheduled for a thorough discussion on the concepts of globalization
structures. Please refer to the announcement of your class professor for the schedule and link.
Your class professor will also schedule a synchronous class session for clarifications, information
processing, and academic consultations.
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For the assessment, your quiz can be found on the “Quiz” page of CANVAS.
Your professor may also give you instructions to answer certain pages in the book “A Course
Module for the Contemporary World” by Botor et al.,
For further study, kindly see the following on the web.
a) https://www.usi.edu/business/cashel/241/text%20files/History.pdf
b) https://www.bis.org/review/r201007d.pdf
IV. Introduction:
We begin our discussion with global economy with the following questions: What is more
necessary for the society – the present or the future? Has the global economy gone too far, not far
enough, or has it been heading in the wrong direction?
This unit will assist you to think independently, to make sound judgments, and to cooperate and
collaborate with others to understand new situations in the changing world. A new system of
knowledge, education, and learning will be included in the variety of synchronous and
asynchronous activities to help teachers and students break space and time constraints.
To have a glimpse of our current world economy, watch the following YouTube videos:
a) Five things you need to know about the world economy in 2021 - YouTube
(https://www.youtube.com/watch?v=tqLwpRFUefI)
b) Understanding the Economic Shock of the Covid-19 Crisis - YouTube
(https://www.youtube.com/watch?v=RK2IfGPSqO0)
V. Body:
For Lesson 1, the main topic is Global Economy. This includes the following sub-topics:
Defining Economic Globalization. This part points out the conceptual definitions of
economic globalization.
Actors that Facilitate Economic Globalization. The actors that contribute to economic
globalization include international economic organization, multinational
companies (MNCs), central banks, and global civil society.
The Modern World System. This system is based on the theory of Wallerstein (1974) in
which discussed that the global economy has divisions namely: core states,
peripheral areas, and semi-peripherals.
For Lesson 2, the main topic is Global Interstate System. This lesson includes:
Effects of Globalization on Governments. This section discusses how globalization has
helped the government in addressing global issues. However, limits and challenges
of globalization posed in governments are also discussed here.
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Institutions that Govern International Relations. Different institutions, such as
international organizations and non-state actors, assist in global governance.
Internationalism vs. Globalism. This part presents the different foci of internationalism
and globalism.
For Lesson 3, the main topic is Market Integration. This lesson includes:
The Role of International Financial Institutions in the Global Economy. This section shows
how international financial institutions give assistance through loans and grants.
History of the Global Economy. This part discusses a brief history of global market
integration in the twentieth century.
Global Corporations. This subtopic presents the contribution of global corporations to
national and global economies.
For Lesson 4, the main topic is Contemporary Global Governance. This lesson includes:
Global Governance. This section presents the basic concept on global governance.
The Role of the State Amidst Globalization. This part explains how the governance shifted
from the traditional territorial sovereign state to a more loose and less stricken
structure.
The Challenges of Global Governance in the 21st Century. This subtopic presents the rise
of non-state actors.
The Roles and Functions of the United Nations (UN). This part discusses the branches and
functions of the UN.
VI. Summary and Conclusion
Globalization develops and supports policymakers and practitioners who want to rethink the
global economy and underpins mechanisms for the exchange of ideas and experiences in the use
of today's technologies. It is concluded that knowledge, skills, and intellectual assets must be
shared globally to support diverse developments at various levels. Promoting international
understanding, collaboration, harmony, and acceptance of cultural diversity across countries and
regions is a must, especially in these times of uncertainty.
VII. References
Botor, N. Peralta, Eric Paul D., Ferrer, Raphael M., Amparo, Jennifer Marie S., Laude, Terie-Marie
P., and Pawilen, Greg T. (2020). A Course Module for The Contemporary World. Rex
Bookstore, Manila. pp.21-56.
Harvard Business Review. (22 May 2020). Understanding the Economic Shock of the Covid-19
Crisis. YouTube. https://www.youtube.com/watch?v=RK2IfGPSqO0
Haruhiko, K. (7 October 2020). COVID-19 and the Global Economy: Impact and Challenges
-- From Asia's Perspective --. https://www.bis.org/review/r201007d.pdf
UN DESA. (26 January 2021). Five things you need to know about the world economy in 2021.
[Video]. YouTube. https://www.youtube.com/watch?v=tqLwpRFUefI
USI.Edu. (n.d.). History of Global Economy.
https://www.usi.edu/business/cashel/241/text%20files/History.pdf
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