Globalization is the increasing integration and interdependence of world economies and societies through cross-border movement of goods, services, technology and capital. It involves opening of international borders to flows of goods, services, finance, people and ideas. While globalization can increase trade and spread economic growth, it may also increase inequality between rich and poor and allow jobs and industries to move to lower cost areas. The document discusses both the benefits like increased trade and opportunities, as well as concerns such as greater inequality and loss of jobs due to offshoring. Technology is a major driver of globalization by enabling faster and easier movement of people, goods and ideas across borders.
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Concepts of Globalization
Globalization is the increasing integration and interdependence of world economies and societies through cross-border movement of goods, services, technology and capital. It involves opening of international borders to flows of goods, services, finance, people and ideas. While globalization can increase trade and spread economic growth, it may also increase inequality between rich and poor and allow jobs and industries to move to lower cost areas. The document discusses both the benefits like increased trade and opportunities, as well as concerns such as greater inequality and loss of jobs due to offshoring. Technology is a major driver of globalization by enabling faster and easier movement of people, goods and ideas across borders.
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THE CONTEMPORARY WORLD
Instructor: JUNRIE MARK B. SUMALPONG, MBA, LPT, MAEd- CAR
Email Address: [email protected] What is its primary message? WHAT IS 'GLOBALIZATION'?
It is a process of interaction and integration among the
people, companies and governments of different nations, a process driven by international trade and investments and aided by information technology. Globalization can be also be defined as the free movement of goods, services and people across the world in seamless and integrated manner. World Health Organization define globalization, is generally understood to include two interrelated elements: 1. the opening of international borders to increasingly fast flows of goods, services, finance, people and ideas. 2. the changes in institutions and policies at national and international levels that facilitate or promote such flows. Meaning, it has the potential for both positive and negative effects on development and health. FACT:
Many Filipinos nowadays are in one way or
another, are affected by GLOBAL ECONOMIC IMPERIALISM.
This is very evident especially in the urban
areas among middle or elite classes. What is GLOBAL IMPERIALISM?
It is a situation in which a nation holds economic
power control or influence over the others. This age is also known as WESTERNIZATION or AMERICANIZATION of contemporary Filipinos. It happens when a Filipino adopts ideas and behavior from the West and North America while blending them with his own traditional cultural ideas and behavior. The INTERNET has made the world smaller and communication faster resulting to rapid and widespread of Western ideas and adoption of behavior.
It makes the world more accessible to
everyone. Various Definitions of GLOBALIZATION
Schottle (1995) - GLOBALIZATION stands for
quite a large public spread across the world as one of the defining terms of the 20th century social consciousness. - Schottle suggested that globalization is a phenomenon of the 20th century that is spreading across nations and countries. McGrew (1990) - GLOBALIZATION is something that is comprised of multiple sameness and interconnectedness that go beyond the nation-states. - McGrew refers globalization as a process in which individuals and organizations in one part of the world are affected by the activities, affairs and convictions on another part of the globe. Cerny (1997) - GLOBALIZATION is a cluster of economic and political frameworks and procedures deriving from the changing marks of the interests and assets that comprise the foundation of the international political economy. - Cerny believed that globalization is phenomenon developed from the international expansion of different political and economic interests and assets. Political scientists - GLOBALIZATION serves as a challenge to nation-states in strengthening regional blocks. - examples: EU, ASEAN, UN
Economists - GLOBALIZATION means increase
of free trade, speed of trade, global economic organization, and regional trade blocks. - examples: IMF, WB, WTO, ILO, EFTA Communication experts - GLOBALIZATION refers to the concept of a global village (communication technology makes the world borderless and smaller.
Culture experts - GLOBALIZATION is referred to
as cultural imperialism (spread of popular culture from dominant to nondominant cultures) - it starts from the idea that some culture see other cultures as superior to theirs. THE BENEFITS OF GLOBALIZATION ARE:
More international trade.
More wealth in the world. Improve living standards. Increased creativity and innovation. More goods & services generally available at lower prices. Easy access to foreign culture. Apparadurai (1996) referred globalization as a global cultural flow and he proposed five dimensions, namely:
1.ETHNOSCAPES - refers to the international movement of people.
2.TECHNOSCAPES - refers to the international movement of technologies. 3.MEDIASCAPES - refers to the international movement of information through media 4.FINANCESCAPES - refers to the international movement of money and commodities 5.IDEOSCAPES - refers to the international movement of political ideas TYPES OF GLOBALIZATION ECONOMIC GLOBALIZATION Economic globalization refers to interconnectedness of economies through trade and exchange of resources. It also refers to the widespread international movements of good, services, capital, technology and information. Economic globalization primarily comprises the globalization of production, finance, markets, technology, organizational regimes, institutions, corporations, and labour. SOCIAL GLOBALIZATION It pertains to human interaction within cultural communities, encompassing topics like family, religion, work and education. It is a global interconnectedness between the people. It is also a measure of how easily information and ideas pass between people in their own country and between different countries (includes access to internet and social media networks). POLITICAL GLOBALIZATION Refers to the amount of political co-operation that exist between different countries. Political globalization refers to the growth of the worldwide political system, both in size and complexity. It also refers to the organization of different countries into trade blocs. Technological advancement drives globalization by making it easier for people, goods, and ideas to move across borders. For example, people from all over the world can now share their ideas in just a second or minute through the internet, which has enhanced communication and connectivity. HOW DOES TECHNOLOGY DRIVE GLOBALIZATION? THE PROS AND CONS OF GLOBALIZATION PROS OF GLOBALIZATION 1. It encourages free trade. Without borders in place, consumers can purchase items from anywhere in the world at a reduced cost. There would be fewer barriers in place, like tariffs, sales taxes, or subsidies because there wouldn’t be nations in place that could add restrictions. 2. More trade means the potential for more jobs. When there are fewer barriers in place to purchase items, then consumers will generally purchase more things. This creates the foundation that businesses need to create more jobs. 3. It eliminates currency manipulation. Many countries today manipulate their currencies to benefit their local economy. Even the three “primary” currencies of the world do this: the pound, the euro, and the dollar. 4. Open borders mean more opportunities to develop poor areas of the world. There are many nations in the world today that are in a state of entry-level industrialization. Poverty is a feature in many of these developing countries. Through the process of globalization, the removal of borders allows the people in these areas to experience greater prosperity because each area gains the ability to access what they need. 5. It allows for open lines of communication. When borders are removed, people have the ability to communicate with one another more freely. There is a greater intermingling of cultures, which allows people to have a greater perspective about the world. 6. We could begin pooling resources to do great things. Multiple countries are running space programs right now. Some private businesses are doing the same thing. If they could pool their resources and combine talents to work toward one single goal instead of having multiple agencies all trying to do the same thing, we could be more efficient with our innovation in the area of space exploration. The same principle could be applied to virtually any industry or idea. CONS OF GLOBALIZATION 1. It generally makes the rich become rich and the poor to become mired in poverty. This means the rich can access what they want or need to become richer, but the poor get trapped in poverty because they don’t have the means to access success. 2. Jobs get transferred to lower-cost areas. Jobs can be created through globalization, but they tend to be created in the areas where labor costs are the cheapest. 3. Globalization creates a culture of fear. Even in jobs aren’t exported to cheaper areas of the planet, business owners can hold the threat of doing so over the heads of their current workers to gain salary concessions. 4. It creates a political system where the biggest and the richest have influence. The largest businesses and wealthiest people could hoard global resources for themselves through whatever government was put into place, enhancing the social inequalities that are already being seen on smaller scales. 5. Diseases travel faster in a world that is globalized. When people stay within their own regions, there are fewer problems with communicable diseases. If there were no borders and people could travel freely to wherever they wished to go, this issue would cause even the most remote parts of the planet to be exposed to potentially deadly health concerns. 6. It could have a negative impact on the environment. Let’s say that production levels increase because everyone sees a boost in their economic circumstances. This would potentially increase pollution levels that could acidify the air, the ocean, and cause more issues with global warming.