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Need to define it Can we agree?

In order to understand

• We live in an era in which the greater part of • Advances in technology, reduction in the
• The fashion of GLOBALIZATION social life is affected by global processes time/cost of communication and
• A catch-phrase used by many: transportation have opened new
politicians as well as analysts and • National cultures, national economies, opportunities
business men national borders are subject to the • What is the result?
• Anything seems to be referred to as a pressures of global interconnections  A set of processes which have affected
by-product of GLOBALIZATION national and international politics
• Powerful image: a truly globalized economy • Cui bono?
has emerged

In order to understand A definition of globalization A definition of globalization

• What is new about globalization is a
• Distinction between two aspects: • According to the first dimension:
QUALITATIVE change in international
- QUANTITATIVE dimension it refers to an increase in trade, capital politics
- QUALITATIVE dimension movements, investments and people
• Changes in the way people and group think
across borders
and identify themselves and changes in the
way states, firms and other actors perceive
and pursue their interests.

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Core elements The expansion of markets Globalization: What It Is

• Technological change and government Greater mobility across
• Globalization can comprise three deregulation have permitted the
interconnected elements:
national borders of
establishment of transnational networks in:
- the expansion of markets GOODS SERVICES
- production IDEAS
- challenges to the states and institutions CAPITAL PEOPLE
- trade
- the rise of new social and political movements
- finance Facilitated by
• These are not competing theories, only
•technology
reflect different aspects of the phenomenon
•liberalization policy

30000
Globalization: What It Philippine Responses to
Is Not Globalization 25000

• Trade reforms 20000

• Investment lib

US$
15000
• Global free trade
• Financial/Foreign exchange lib
• Free movement of labor • Labor migration
10000

• Unrestricted movement of capital • Safety nets 5000
Per Capita GDP

• Increasing domination by large • “Polevaulting” Strategies 0

75

19 6
77
78
79
80
81

19 2
83
84
85

19 6
87
88
89
90
91

19 2
93
94
95
96
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99
00
01

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04
7

8

8

9

0
corporations

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China Philippines Year Indonesia Malaysia
Thailand Republic of Korea Singapore Viet Nam
Comparative Per Capita Income levels, 1975-2004. Source: World Bank World Development Indicators

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