Forms of Globalization Political issues in one part of the world
directly or indirectly affect many other
Economic, relating to the process or system by which areas. For example, conflicts in the Middle goods and services are produced, sold, and brought. East have important ramifications for Economic globalization is responsible for Europe, the US, and Japan. Another the emergence of multinational example is how the entire world watch corporations producing and exporting goods closely every US elections. as they obtain capital, technology, and access to distribution networks. It has also Military, activities relating to soldier or the armed created global cities such as New York, forces (such as army, navy, marines, and air force). London, Tokyo, Shanghai, Hong Kong, It is characterized by extensive as well as Milan, Sidney, Zurich, and Chicago. intensive networks of military force. The most obvious example of military Financial, any process that relates to the use of globalization is the nuclear age and the money. It is the high integration of global financial proliferation of weapons of mass markets. There are four basic developments that destruction. drive financial globalization. Consolidation of financial institutions, Cultural, relating to the particular group of people Local banks were, until about two and their habits, beliefs, and traditions, etc. decades ago, largely locally owned and It involves the exchange of food, people, operated. Today, the local bank is likely to products, ideas, and technology across be owned by a much larger bank in a major national borders. It is naturally relative to city. The number of independent financial economic and military expansion of a institutions is declining as mergers and country. Fundamentally, it is beyond the acquisitions result in larger financial tangible. It affects the consciousness of institutions. individuals and their attitudes towards Globalization of operations politics, religion, economics, and broader Banking conglomerates extend cultural values. their reach by forming strategic alliances with similar institutions in different Environmental, the conditions and influences that countries. European, American, and Asian affect the growth, health, and progress, etc. financial institutions increasingly linked, and It focuses on the interdependence among major banks in the industrial world are countries in relation to such problems as acquiring banks in developing countries. global warming, the spread of infectious Emergence of new technologies diseases, air and water pollution, Money moves across national deforestation, the loss of biodiversity, and boundaries at the touch of a button. threats to endangered species. Internet banking and brokerage services compete with more traditional financial Criminal, circumstances involving illegal activities conglomerates. Many financial institutions relating to crime. are using their online operation to expand It poses severe challenges to national and into foreign markets without having global security. Terrorists and criminals use branches there. the instruments of globalization to achieve Universalization of banking. their objectives. It includes transborder Growing competition in financial crimes, such as drug trafficking, money markets, the increasing irrelevance of laundering, prostitution, alien smuggling, national borders, and the increasingly arms trafficking, and counterfeiting. complex relationships among businesses have contributed to a blurring of bank and nonbank financial services. Globalization and Human Security
Political, activities that relate to influencing the
Human Security, it is a concept of security that deals with the actions and policies of a government or getting and everyday challenges humans face that don’t involve military keeping power in government. issues. It is characterized by the acceptance of states, the relative power of states, the Seven Categories of Human Security proliferation of international and regional organizations composed of states, and the Economic Security spread of non-state political actors. Strategies to enhance protection and empowerment Assured access to basic income Public and private sector employment, When necessary, government financed wage employment, self-employment social safety nets Diversity agriculture and economy Capacities needed Capacities needed Coping mechanisms Economic capital Adaptive mechanism Human capital Memory of past disasters Public finance Financial reserves Community Security Diversified agriculture and economy Strategies to enhance protection and empowerment Explicit and enforced protection of ethnic Food Security groups and community identity Strategies to enhance protection and empowerment Protection from oppressive traditional Entitlement of food, by growing it practices, harsh treatment towards women, themselves, having the ability to purchase it or discrimination against ethnic, indigenous, or through a public food distribution system refugee groups Capacities needed Capacities needed Diversified agriculture and economy Social capital Local and national distribution systems Coping mechanism Adaptive strategies Health Security Memory of past disasters Strategies to enhance protection and empowerment Local non-governmental organizations or Access to basic health care and health traditional organisms services Risk-sharing arrangements that pool Political Security membership funds and promote Strategies to enhance protection and empowerment community-based insurance schemes Protection of human rights Interconnected surveillance systems to Protection from military dictatorships and identify disease outbreak at all levels abuse Capacities needed Protection from political or state repression, Universal basic education and knowledge on torture, unlawful detention and health-related matters imprisonment Indigenous/traditional health practices Capacities needed Access to information and community- Good governance based knowledge creation Ethical standards Local leadership Environmental Security Accountability mechanisms Strategies to enhance protection and empowerment Sustainable practices that consider natural resources and environmental degradation (deforestation, desertification) Early warning and response mechanisms for natural hazards and/or man-made disaster at all levels Capacities needed Natural resource capital Natural barriers to storm action (e.g. coral reefs) Natural environmental recovery processes (e.g. forest recovering from fires) Biodiversity Indigenous/traditional practices that respect the environment
Personal Security Strategies to enhance protection and empowerment Rule of law Explicit and enforced protection of human rights and civil liberties