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    Module 1-Globalization

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    Jeprox Martinez
    Globalization refers to the growing interconnectedness of people and places through increasing economic, political, and cultural exchanges. Key features include the dispersion of industrial and service activities globally and increased interconnectedness between countries. Globalization has been driven by factors such as improved global communication systems, multinational corporations, international financial institutions, and agreements that promote free trade. While globalization offers benefits like increased productivity and innovation, it also poses disadvantages such as job losses and increased economic insecurity for workers. Most experts argue that globalization can be managed to reduce its negative impacts.

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    Module 1-Globalization

    Uploaded by

    Jeprox Martinez
    501 views26 pages
    Globalization refers to the growing interconnectedness of people and places through increasing economic, political, and cultural exchanges. Key features include the dispersion of industrial and service activities globally and increased interconnectedness between countries. Globalization has been driven by factors such as improved global communication systems, multinational corporations, international financial institutions, and agreements that promote free trade. While globalization offers benefits like increased productivity and innovation, it also poses disadvantages such as job losses and increased economic insecurity for workers. Most experts argue that globalization can be managed to reduce its negative impacts.

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    Globalization refers to the growing interconnectedness of people and places through increasing economic, political, and cultural exchanges. Key features include the dispersion of industrial and service activities globally and increased interconnectedness between countries. Globalization has been driven by factors such as improved global communication systems, multinational corporations, international financial institutions, and agreements that promote free trade. While globalization offers benefits like increased productivity and innovation, it also poses disadvantages such as job losses and increased economic insecurity for workers. Most experts argue that globalization can be managed to reduce its negative impacts.

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    501 views26 pages

    Module 1-Globalization

    Uploaded by

    Jeprox Martinez
    Globalization refers to the growing interconnectedness of people and places through increasing economic, political, and cultural exchanges. Key features include the dispersion of industrial and service activities globally and increased interconnectedness between countries. Globalization has been driven by factors such as improved global communication systems, multinational corporations, international financial institutions, and agreements that promote free trade. While globalization offers benefits like increased productivity and innovation, it also poses disadvantages such as job losses and increased economic insecurity for workers. Most experts argue that globalization can be managed to reduce its negative impacts.

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    of 26

    The Contemporary

    World
    Module 1:
    Globalization
    IntroductionI
    The most important challenges facing the world
    in the 21st century are associated with
    globalization, the growing interconnectedness
    of people and places through converging
    processes of economic, political, and cultural
    change. Once distant regions are now
    increasingly linked together through commerce,
    communication, and travel.
    Introduction
    This lesson introduces the various
    definitions of globalization, understand its
    key features, and familiarize you to a
    variety of factors which have contributed
    to the process of globalization, its benefits
    and disadvantages.
    Intended Learning Outcomes (ILOs)
    Develop a nuanced definition of globalization in order to
    begin to understand the processes of globalization.

    View a video and develop their own definition of


    globalization.

    Understand the key features of globalization.

    Identify the pros and cons of globalization.


    DISCUSSIO
    N
    I: The Meaning of
    Globalization

    Globalization
    What does this term mean?
    Below are the
    definitions of
    globalization
    • the process of
    interaction and
    Shalmali integration among
    Guttal people, companies,
    (2007)
    and governments
    worldwide.
    •the geographic
    Organization dispersion of
    for Economic
    Cooperation industrial and
    and
    Development
    service activities
    • “the word used to describe
    the growing interdependence
    of the world’s economies,
    Peterson cultures, and populations,
    Institute for brought about by cross-
    International
    border trade in goods and
    Economics
    services, technology, and
    flows of investment, people,
    and information.”
    • “the ability to produce any
    good or service anywhere
    in the world, using raw
    Peter materials, components,
    capital and technology from
    Jay anywhere, sell the resulting
    output anywhere and place
    the profits anywhere.”
    • increased
    interconnectedness
    World Health and interdependence
    Organization of peoples and
    countries
    • “the inexorable integration of
    markets, nation-states, and
    technologies to a degree never
    witnessed before – in a way
    Thomas that is enabling individuals,
    Friedman corporations and nation-states
    to reach around the world
    farther, faster, deeper, and
    cheaper than ever before.”
    •the process of
    greater
    Robert J. interdependence
    Carbaugh
    among countries
    and their citizens
    • a process in which
    geographic distance
    becomes less a factor in
    Rudd the establishment and
    Lubbers sustenance of border-
    crossing, long distance
    economic, political, and
    socio-economic relations.
    • “the intensification of
    worldwide social
    relations which link
    Anthony distant localities in such a
    Giddens way that local happenings
    are shaped by events
    occurring many miles
    away and vice-versa.
    interaction
    and
    integration

    industrial
    Globalizati
    relations and service
    on
    activities

    interconne
    ctedness
    and
    interdepen
    dence
    II: Converging Currents of Globalization
    1. Global 2. Transnational
    communication conglomerate
    systems that link 3. International
    corporate
    all regions of the financial
    strategies that
    institutions that 4. Global
    planet instantly have created
    make possible 24- agreements that
    and global global
    hour trading with promote free
    transportation corporations more new and more- trade;
    systems capable economically
    flexible forms of
    of moving goods powerful than
    monetary flow;
    quickly by air, many nation-
    sea, and land; states;
    II: Converging Currents of Globalization
    5. Market
    economies that 7. An army of
    6. An abundance
    have replaced international
    of planetary goods
    state-controlled workers,
    and services that
    economies, and managers,
    have arisen to
    privatized firms executives, who
    fulfill consumer
    and services, like give this powerful
    demand (real or
    water delivery, economic force a
    imaginary);
    formerly operated human dimension
    by governments;
    III: Advocates and Critics of Globalization

    Advocates Critics

    corporate labor and


    leaders and environmental
    economists movements
    Advantages of Globalization Disadvantages of Globalization

    Productivity increases faster


    when countries produce goods Millions of workers have lost
    and services in which they have a their jobs because of imports or
    comparative advantage. Living shifts in production abroad. Most
    standards can increase more find new jobs that pay less.
    rapidly.
    Global competition and cheap
    imports keep a constraint on Millions of workers fear getting
    prices, so inflation is less likely laid off, especially at those firms
    to disrupt economic growth. in import-competing industries.
    Advantages of Globalization Disadvantages of Globalization

    Workers face demands


    An open economy of wage concessions
    promotes technological from their employers,
    development and which often threaten to
    innovation, with fresh export jobs abroad if
    ideas from abroad. wage concessions are
    not accepted.
    Advantages of Globalization Disadvantages of Globalization
    Jobs in export industries Besides blue-collar jobs, service
    tend to pay about 15 and white-collar jobs are
    percent more than jobs in increasingly vulnerable to
    import-competing operations being sent overseas.
    industries.
    Workers can lose their
    Unfettered capital competitiveness when companies
    movements provide workers build state-of-the-art factories in
    access to foreign investment low wage countries, making them
    and maintain low interest as productive as those in the
    rates. developed countries.
    • A number of experts argue that both the
    anti-globalization and the pro-
    globalization stances are exaggerated.
    • Those in the middle ground tend to argue
    that economic globalization is indeed
    unavoidable.
    • They point out that even the anti-globalization
    movement is made possible by the Internet and
    is, therefore, itself an expression of
    globalization.
    • They further contend that globalization can be
    managed, at both the national and international
    levels, to reduce economic inequalities and
    protect the natural environment.
    THANK YOU!
    KEEP SAFE

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