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Module 1: Structure of Globalization

1. According to Manfred Steger, globalization refers to the multidimensional and uneven


intensification of social relations and consciousness across world-time and world-space.
Wherein globalization means the influence or spread of products, technology and information
around the globe.
2. The approaches in Globalization are: Market Globalism, Justice Globalism, and Religious
Globalism.
3. Globalization is a more extensive term which aims to connect the differences everywhere on
over the world, it means to make the whole world a solitary huge town and to make the borders
irrelevant. Globalism is a more specific aspect of the bigger globalization which targets
decreasing the exchange hindrances everywhere on over the world and guaranteeing free
development of goods, services and capital.
4. a.) Globalization as an economic process increasing the interdependence of world economies as
a result of the growing scale of cross-border trade of commodities and services, flow of
international capital and wide spread of technologies.

b.) Globalization as a cultural process means the spread of intensification and expansion of the
cultural flows across the whole wide world.

c.) Globalization as a political process is the spread of political interrelations across the globe, by
spreading ideologies like democracy, protecting human rights, intervening to solve
misunderstandings and aid in international agreements.

5. Claims of Globalism

a.) Globalization means market deregulation and integration - means when prices among
different locations or related goods follow similar patterns over a long period of time. Groups of
goods often move proportionally to each other and when this relation is very clear among
different markets it is said that the markets are integrated.

b.) Globalization is inevitable and irreversible - means simply the long-term, secular trend
towards ever-greater interpenetration and interdependence of the world's economies. And this
is indeed inevitable and irreversible.

THE CONTEMPORARY WORLD


1ST Semester, SY. 2020-2021
Year &Course:

c.) Nobody is in charge of Globalization - means ‘Globalization market’ is ‘leaderlessnes’ and no


one owns it.

d.) Globalization will benefit everyone - means globalization benefits everyone, because uneven
distribution could lead to criticism and, in turn, protectionism.

e.) Globalization will further the spread of democracy in the world - means it promote
democracy that makes leaders more accountable to the citizenry through the removal of
restrictions on such transactions.

f.) Globalization requires a global war on terror - means it combines the idea of economic
globalization with openly militaristic and nationalistic ideas associated with the American-led
global War on Terror. If global terror were no longer a major issue, it would disappear without
causing globalism to collapse.

THE CONTEMPORARY WORLD


1ST Semester, SY. 2020-2021
Year &Course:

THE CONTEMPORARY WORLD


1ST Semester, SY. 2020-2021

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