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    Globalization and Governance: Learning Objectives

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    Globalization involves increasing economic, social, and political interconnection between countries through trade, technology, communication, and culture. It presents challenges for governance by potentially undermining national sovereignty and concentrating power among a few powerful actors while widening inequality. However, globalization has also strengthened civil society and increased public expectations of corporate responsibility and good governance. Effective governance strategies for managing globalization include balancing national and global interests, empowering citizens, and promoting inclusive global norms and institutions.

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    Globalization and Governance: Learning Objectives

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    curlicue
    96 views18 pages
    Globalization involves increasing economic, social, and political interconnection between countries through trade, technology, communication, and culture. It presents challenges for governance by potentially undermining national sovereignty and concentrating power among a few powerful actors while widening inequality. However, globalization has also strengthened civil society and increased public expectations of corporate responsibility and good governance. Effective governance strategies for managing globalization include balancing national and global interests, empowering citizens, and promoting inclusive global norms and institutions.

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    Globalization involves increasing economic, social, and political interconnection between countries through trade, technology, communication, and culture. It presents challenges for governance by potentially undermining national sovereignty and concentrating power among a few powerful actors while widening inequality. However, globalization has also strengthened civil society and increased public expectations of corporate responsibility and good governance. Effective governance strategies for managing globalization include balancing national and global interests, empowering citizens, and promoting inclusive global norms and institutions.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    96 views18 pages

    Globalization and Governance: Learning Objectives

    Uploaded by

    curlicue
    Globalization involves increasing economic, social, and political interconnection between countries through trade, technology, communication, and culture. It presents challenges for governance by potentially undermining national sovereignty and concentrating power among a few powerful actors while widening inequality. However, globalization has also strengthened civil society and increased public expectations of corporate responsibility and good governance. Effective governance strategies for managing globalization include balancing national and global interests, empowering citizens, and promoting inclusive global norms and institutions.

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    of 18

    GLOBALIZATION AND GOVERNANCE

    Learning Objectives:

    3)Describe globalization and its impacts and


    challenges on governance
    4)Identify governance strategies to
    manage/respond to forces of globalization
    “We believe that the
    central challenge we face
    today is to ensure that
    globalization becomes a
    positive force for all the
    world's people.”
    Globalization….

    is an umbrella term for a complex series


    of economic, social, technological,
    cultural and political changes seen as
    increasing interdependence, integration
    and interaction among people and
    companies in disparate locations.
    As a term 'globalization' has
    been used as early as 1944
    but economists first began
    applying it around 1981
    Theodore Levitt is usually
    credited with its coining
    through the article he wrote in
    1983 for the Harvard Business
    Review entitled "Globalization
    of markets".
    (International Monetary Fund)

    Globalization stresses the growing


    economic interdependence of
    countries worldwide through
    increasing volume and variety of
    cross-border transactions in goods
    and services, free international
    capital flows, and more rapid and
    widespread diffusion of technology.
    “A process in which business decisions,
    production processes, and markets
    gradually exhibits more “international”
    characteristics and less “national”
    ones.”

    It implies a wide range of


    underlying structural reforms (e.g.,
    business organization, the public-
    private interface, and altered
    consumption patterns.
    Globalization is tied to many
    salient features of modernity.

    Driven by capitalism, it carries


    forward the alliance of modern
    science, technology and markets
    in shaping society.
    Another definition:

    “Globalization is the erosion of


    the barriers of time and space
    that constrain human activity
    across the earth and the
    increasing social awareness of
    the these changes.”
    Globalization involves an increasing
    diffusion and penetration of global
    connections into social life, about
    which we are becoming more and
    more self-aware in the “every day”
    of life.
    POWERFUL ACTORS

    International Monetary Fund (IMF)


    World Bank (WB)
    World Economic Forum (WEF)
    World Trade Organization (WTO)
    3 Major Perspectives on Globalization

    Globalization’s Advocates: the


    neo-liberal-cornucopian
    consensus

    Reform-minded skepticism

    Global justice
    ASPECTS OF GLOBALIZATION
    industrial globalization (alias trans-nationalization) - rise
    and expansion of multinational enterprises

    financial globalization - emergence of worldwide


    financial markets and better access to external financing
    for corporate, national and sub-national borrowers

    political globalization - spread of political sphere of


    interests to the regions and countries outside the
    neighborhood of political (state and non-state) actors

    informational globalization - increase in information


    flows between geographically remote locations

    cultural globalization - growth of cross-cultural contacts


    4 Major Changes associated with
    Globalization
    Rapid spread of information
    technology
    Internationalization of capital
    Increased pace of change
    Design of rules, standards and
    norms
    A DEBATE:

    PRO-GLOBALISTS VS.
    ANTI-GLOBALISTS
    POSITIVES:
    •Strong and organized voice of civil
    society
    •Desire for “good governance”
    •Public expectations and corporate
    responsibility
    •Convergence of thinking about human
    rights, rights to development and
    sustainable development
    NEGATIVES:
    •Widening gap between rich and poor
    (countries as well as people)
    •Power concentration
    •Challenged national sovereignty
    •Undermined authority of governments
    and of intergovernmental organizations
    •Triggered protest movements for
    legitimacy and accountability
    Discussions:

    What then are the challenges of


    globalization to governance?

    How can governance respond to


    these challenges?

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