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Module Lesson 1-Globalization: An Introduction: À-Vis The Concept of Globalization and
Module Lesson 1-Globalization: An Introduction: À-Vis The Concept of Globalization and
Learning Outcomes
At the end of learning session, the student is able to:
| Lecture Notes:
1.1. the process by which businesses or other organizations develop international influence or start
operating in international scale.
1.2. the state of being. globalized especially the development of an increasingly integrated global
economy marked especially by free trade, free flow capital and the tapping of cheaper foreign
labor markets.\
1.3. the worldwide movement toward economic, financial, trade and communications.
1.4. globalization implies the opening of local and nationalistic perspectives
to a broader outlook of an interconnected and inter dependent world with free transfer of
capital, goods and services across national frontiers
1.5. however, it does not include unhindered movement of labor and as suggested by some
economists, may hurt smaller or fragile economic of applied indiscriminately.
1.6. likewise, globalization is a process of interaction among the people, companies and
governments of different nations, a process driven by international trade and investment, on
culture, on political systems, on economic development and prosperity and on human physical
well-being in societies around the world
1.7. globalization is increasing interdependence of national economies in trade, finance, and
macroeconomy policy.
1.8. globalization is diffusion of practices, values ad technology that have and influence on people's
lives worldwide.
19. it is a process fueled by and resulting in, increasing cross-border flows of goods, services,
money, people, information, and culture
1.10. globalization as a development in the structure of geography is closely interrelated with
concurrent development in structures of production, governance, identity
2. These definitions are in some ways related and to some existent overlapping but their emphases are
substantially different-the most common opinion of globalization is INTERNALIZATION.
3. "Global" is described as ross-border relations between countries, and globalization incomes a growth of
international exchange and interdependence globalization is found in enlarged movements between
countries of people money, investments, diseases, pollutants, messages, ideas, etc. (Scholte, 2005,16)
5. Globalization is used as universalization and that this means. "Globalization is the process of spreading
various objects and experiences to people all-around of the world.
We could see the evidence of globalization of the Gregorian calendar tobacco, rock music,
automobiles, Chinese restaurants, business suits, Barbie dolls, school curricula and much more;
globalization- as-universalization is viewed as standardization and homogenization with worldwide
cultural economic, legal and political convergence (Scholte, 2005, p.16).
9. Current large-scale globalization has resulted mainly from forces of modernity like rationalist
knowledge, capitalist production, and bureaucratic governance -it means that governance institutions,
firms, mass media, academics and Civil society associations in Western Europe and North America
have ranked among the most enthusiastic promoters of contemporary globalization
(Scholte, 2005, p.16; 58)
"Globalization is a complex web of social processes that
intensify and expand worldwide economic, cultural, political,
and technological exchanges and connections."
-Dr. Cairo