The document defines globalization as the increasing flow of ideas, people, goods, services and capital that leads to greater integration of economies and societies according to the IMF. It also discusses Manfred Steger's definition of globalization as the expansion and intensification of social relations and consciousness across world-time and space due to technological advancements. Lastly, it outlines some key attributes of globalization including various forms of connectivity, the expansion and stretching of social relations, and the intensification and acceleration of social exchanges and activities globally.
The document defines globalization as the increasing flow of ideas, people, goods, services and capital that leads to greater integration of economies and societies according to the IMF. It also discusses Manfred Steger's definition of globalization as the expansion and intensification of social relations and consciousness across world-time and space due to technological advancements. Lastly, it outlines some key attributes of globalization including various forms of connectivity, the expansion and stretching of social relations, and the intensification and acceleration of social exchanges and activities globally.
The document defines globalization as the increasing flow of ideas, people, goods, services and capital that leads to greater integration of economies and societies according to the IMF. It also discusses Manfred Steger's definition of globalization as the expansion and intensification of social relations and consciousness across world-time and space due to technological advancements. Lastly, it outlines some key attributes of globalization including various forms of connectivity, the expansion and stretching of social relations, and the intensification and acceleration of social exchanges and activities globally.
The document defines globalization as the increasing flow of ideas, people, goods, services and capital that leads to greater integration of economies and societies according to the IMF. It also discusses Manfred Steger's definition of globalization as the expansion and intensification of social relations and consciousness across world-time and space due to technological advancements. Lastly, it outlines some key attributes of globalization including various forms of connectivity, the expansion and stretching of social relations, and the intensification and acceleration of social exchanges and activities globally.
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Defining
GLOBALIZATION LEARNING OBJECTIVES
• Define the concept of Globalization in the
contemporary world • Discuss the features of Globalization • Evaluate one’s own experience under globalization. How do we communicate? GLOBALIZATION The course’s approach: The Study of Globalization • Globalization: inherently interdisciplinary • See contemporary world through a broad lens • Allows us to examine various globalizing processes What is our trading system? The International Monetary Fund defines globalization as “the process through an increasingly flow of ideas, people, goods, services and capital leads to integration of economies and societies.” 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. This is in recognition that the globalization is mostly felt in the cities or urban areas. 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. The literature on the definitions of globalization revealed that definitions could be classified as either
(1) Broad and inclusive
(2)Narrow and exclusive (1) Broad and inclusive
“Globalization means the onset of the borderless world.” (Ohmae, 1992) (2) Narrow and exclusive
the characteristics of the globalization
trend include the internationalizing of production, the new international division of labor, new migratory movements from South to North, the new competitive environment that accelerates these processes, and the internationalizing of the state…making states into agencies of the globalizing world” (Robert Cox – as cited in RAWOO-NDARC, 2000) Globalization The process of world shrinkage, of distances getting shorter things moving closer. Pertains to the increasing ease with which somebody on one side of the world can interact, to mutual benefit with somebody on the other side of the world.” (Thomas Larsson, 2001) - The Race to the Top: The Real Story of Globalization Globalization It is a transplanetary process or a set of processes involving increasing liquidity and the growing multidirectional flows of people, objects, places, and information as well as the structures they encounter and create that are barriers to, or expedite those flows.. (Ritzer, 2015) Globalization It is a ‘world of things’ that have different speeds, axes, point of origin and termination, and varied relationships to institutional structures in different regions, nations, or societies. (Arjun Appadural, 1996) – as cited in Chowdhury, 2006 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. Attributes of Globalization
1. Various forms of connectivity
2. Expansion and stretching of social relations 3. Intensification and acceleration of social exchanges and activities 1. Various forms of connectivity
• They are diverse (can be
economic, political, cultural, etc.) • They are enabled by various factors, pressures, media, etc. • They are uneven (different degrees of interconnection) 2. Expansion and Stretching of Social Relations
• 1. NGOs • 2.Friendships/Relationships • 3. Government associations • 4. MNCs 3. Intensification and Acceleration of Social Exchanges and Activities
• 1. From snail mail to Facebook
• 2. Live television • 3. Increased travel (cheap flights) The facility of communication has made it possible for people to be immediately informed of events without being physically present at such events. GLOBALIZATION (areas affected) • Media • Religion • Food/Delicacies • Original Products • Music • Economy • Education • Technology • Terrorism • Literature • Tourism • Transportation • Mobility What is the G7? • Also known as the Group of Seven, these countries are seven of the largest economies of the world. • Together, they represent more than 62 per cent of the global net wealth ($280trillion). • The group was founded in the early 1970s as the seven countries discussed concerns about the collapse of the oil industry. • It offers the leaders of these nations the chance to come together and tackle the most challenging global issues of the time. Which countries are members?
• The seven members are: • Canada • France • Germany • Italy • Japan • United Kingdom • United States
