GEC04

GEC04:
THE
CONTEMPORARY
WORLD
PREPARED BY:
MARIA CHARNILENE R. PALMA
2nd Semester
 Overview
This module includes the definition of globalization, theories of globalization,
dynamic of local and global culture, the globalization of religion and the globalization
& regionalization.

Objectives
 Defining globalization
 Identify the advantages and disadvantages of Globalization
Discussion
READ

Globalization involves:
- a stretching of social, political, and economic activities across political
frontiers.
- a growing magnitude of interconnectedness in almost every sphere of social
existence.
- an accelerating pace of global interactions and processes associated with a
deepening enmeshment of the local and the global.
- Globalization is considered a historical process of fast-growing
interconnectedness in every sphere of social, political and economic life,
across political and national frontiers. In the first wave, the age of discovery
(1450-1850), globalization was decisively shaped by European expansion and
conquest.
- Globalization in the age of discovery was a result of European expansion and
conquest, which then determined the order of the world system. It is a
common belief that globalization plays a role just at international trade and
commerce, but the fact is that it has played an important role in making our
lives much more comfortable too.

The phones, apparels, gadgets or accessories that we use in our day

today life are available through globalization. Knowingly or unknowingly, we

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 are all under the impact of globalization, and more importantly it has helped in
bringing international peace and justice to mankind.

Theories of Globalization

 Homogeneity - it refers to the increasing sameness in the world as cultural

inputs, economic factors, and political orientations of societies expand to create
common practices, same economies, and similar forms of government.
 Heterogeneity - pertains to the creation of various cultural practices, new
economies, and political groups because of the interaction of elements from
different societies in the world.
Dynamic of Local and Global Culture

 Cultural differentialism - emphasizes the fact that cultures are essentially

different and are only superficially affected by global flows.
 Cultural hybridization - is an approach that emphasizes the integration of local
and global cultures.
 Cultural convergence - is an approach that stresses homogeneity introduced
by globalization.
 Deterritorialization- means that it is much more difficult to tie culture to a
specific geographic point of origin.

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Globalization and Regionalization
The processes of globalization
and regionalization reemerged during
the 1980s and heightened after the end
of the cold war in the 1990s. At first, it
seems that these two processes are
contradicting, the very nature of
globalization is, by definition, global while regionalization is naturally regional. The
regionalization of the world system and economic activity undermines the potential
benefits coming out from a liberalized global economy. This is because regional
organizations prefer regional partners over the rest. Regional organizations respond
to the states attempt to reduce the perceived negative effects of globalization.
Therefore, regionalism is a sort of counter-globalization.

ASSESSMENT (already accomplished)

Answer the following questions.
1. What are the advantages and disadvantages of globalization?
2. In our present time, what do you think is the effect of globalization in terms of business?

REFERENCES
Aldama, P. K. (2018). The Contemporary World; REX Book Store
Retrieved from:
https://www.urban.org/urban-wire/racial-inclusion-and-racial-diversity-how-they-compare-
and-diverge-across-cities
https://www.management-issues.com/opinion/7040/regionalization-and-the-city-of-the-future/

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