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LEGEND
Remember Lecturer Book Presentation
✦ ✱ ✤ ❂
❂ GLOBALIZATION
❂ Economic globalization implies Economic Liberalization.
- Globalization is a process of interaction and
integration among the people, companies, and ● ECONOMIC LIBERALIZATION
governments of different nations, a process driven - The lessening of government regulations and
by international trade and investment and aided by
restrictions in an economy in exchange for
information technology.
greater participation by private entities; the
✱ This means that countries are interdependent. doctrine is associated with classical liberalism.
- Thus, liberalization in short is "the removal of
- This process has effects on the environment, on controls" in order to encourage economic
culture, on political systems, on economic development.
development and prosperity, and on human
physical well-being in societies around the world.
Earlier Events of Economic Globalization
✦ We begin to realize that we cannot survive all alone as a ✦ The most visible impacts of globalization are definitely the ones
country. affecting the economic world. Globalization has led to a sharp
increase in trade and economic exchanges, but also to a
✦ Presidents must develop good international relations with multiplication of financial exchanges
other countries, because we need them.
✦ Pero hindi sa isang country lang nagf-focus (ex: Pres. ECONOMIC GLOBALIZATION (VIDEO)
Duterte’s relations with China)
● Economic globalization is the spread of trade, transportation
❂ One country which is capital-rich (first world countries) and communication systems.
invests in another country which is poor. One who has
better technologies sells these to others who lack such ● When talking about economic globalization, there are two
technologies.
different types of economies you should know about:
● Politics can take place above the state through political cultural, social, and political spheres of
integration schemes such as the European Union and society.
through intergovernmental organizations such as the
International Monetary Fund, the World Fund, the WOrld - It involves the ever-increasing integration of
Bank and the World trade Organization these aspects between nations, regions,
● Political activity can also transcend national borders communities, and even seemingly isolated
through global movements and NGOs. CIvil society places.
organizations act globally by forming alliances with
organizations in other countries Example: The growing international ideas that capital
punishment is immoral and that woman should have all
the same rights as men.
OTHER TYPES OF GLOBALIZATION
5. GEOGRAPHICAL GLOBALIZATION
1. FINANCIAL GLOBALIZATION - Geographers don’t see the world in terms of
relationships between countries anymore.
- Interconnection of the world’s financial systems
e.g., stick markets - They now see a borderless world, dominated
- Connection between large cities than of nations by worldwide concerns: ecological concerns,
politics, culture, economics and other
Example: What happens in Asian markets affects the relationships existing; all influenced by networks
North American markets of world cities.
2. TECHNOLOGICAL GLOBALIZATION ✱ Countries nowadays are not divided geographically
- Is speeded in large part by technological anymore because of the advancements in technology.
spread of technology across borders.
✱ Information or news of different countries are provided
- It is often the population most in need that is in the internet including the lifestyle and events.
most affected by the digital divide.
● TECHNOLOGICAL REVOLUTION
- Has meant “Global Village” has expanded to
every corner of the globe with growth in travel
communication and computer technology, and
mobile (smart) phones communications.
3. ECOLOGICAL GLOBALIZATION
- Refers to global environmental issues including:
- Population
- Growth
- Access to food
- Worldwide reduction in biodiversity
- The gap between rich and poor
4. SOCIOLOGICAL GLOBALIZATION