Lesson 1 - The Contemporary World
Lesson 1 - The Contemporary World
GLOBALIZATION
LEARNING OBJECTIVES
• define globalization;
• differentiate the different concepts of
globalization;
• discuss the importance of globalization;
and
• articulate the advantages and
disadvantages of globalization.
Globalization
Globalization is a policy both formal and
informal among participating countries. It is the
removal of “artificial barriers” such as tariffs,
quotas, and subsidies to let the market freer
from the intensified flow of goods, services,
technology, information, human resources, and
factors of production on the world market.
Globalization
It is a consequence of modern development
of transport and communication means
seen as a crucial channel of international
integration. Because of this, globalization is
best described as the expansion of the role
of the markets on a global level as all
economies snowballscreen playback into
integration.
According to Manfred Steger,
Globalization is the expansion and intensification
of social relations and consciousness across
world-time and across world-space.
Globalization is the
expansion of social
relations.
The second term
used is
intensification.
This means that
different countries
have become deeply
interconnected not
only economically,
socially but also
politically.
Lastly, Steger talks about the consciousness
across world time and space. In order to
understand this, we need to recognize first that
the globalization as a process is dependent on
technological advancements - the speed through
which ideas, people and products travel in
different parts of the world is made possible due
to inventions and innovations.
Globalization
It is a reality. It is changing as
human society develops.
It is complex, multifaceted,
and can be influenced by the
people who define it.
As we have learned, Globalization may
be defined in just one word:
“integration.”
Periphery countries
They are composed of countries in Latin
America and Africa. These countries
generally have weak governments and are
focused on extracting raw materials and not
final goods. They also tend to have a higher
percentage of poor and uneducated people
and a small population that controls the
economy.
THEORIES OF GLOBALIZATION
Semi-periphery countries