Professional Documents
Culture Documents
Globalization: Example; Online class, we are bound to communicate even if students and
teachers are in different places through advance technology
MARTIN KHOR
Occurring through and with regression, colonialism, and destabilization
Globalization as colonialism
CLASSIFICATION IN DEFINITION
Broad and inclusive - can include variety of issues but does not shed light on the
implications due to its vagueness
Narrow and exclusive - better justified but can be limiting due to their application adhere
to only particular definition
OHMAE (1992)
Globalization means the onset of borderless world
Broad and inclusive
ROBERT COX
The characteristics of globalization trend include the internationalizing of production, the
new international division of labor, new migratory movements from south to north, the
new competitive environment that accelerates their processes, the internationalizing of
the state… making states into agencies of globalization
Narrow and Exclusive
RITZER (2015)
Globalization is a transplanetary process or a set of processes involving increasing
liquidity and the growing multidirectional flows of people, objective, places, information
as well as the structures they encounter and create that are barriers to, or expedite,
those flows
Narrow and Exclusive
ROBERTSON (1992)
In his article, Globalization: Social Theory and Global Culture, defined globalization as
the “Understanding of the world and the increased perception of the world as a whole”
Broad and Inclusive
METAPHORS OF GLOBALIZATION
Solidity refers to barriers that prevent or make difficult the movement of things;
Hard to influence
Liquidity Refers to the increasing ease of movement of people, things, information,
and places in the contemporary world, E.g., stock market, unstoppable
social media uploads; easy to influence/ adaptive
Flows Are movement of people, things, places and information brought by the
growing “porosity” of global limitations (Ritzer, 2015); E.g., patronizing
foods introduced by the foreign cultures; transference
PERSPECTIVE
Cultural Differentialism Emphasizes that cultures are essentially different and
are superficially affected by global flows
Cultural Hybridization Emphasizes the integration of local and global cultures
(Combination of two or more cultures)
Globalization (global and local) - creating a
Global convergence
According to Gereffu, the global economy can be studied
at different levels of analysis
Macro level This includes the international
organizations and regimes that establish rules and norms
for the global community
THE CONTEMPORARY WORLD (09-14-22)
MARKET INTEGRATION
Globalization and Labor Market Integration in Late Nineteenth - and Early Twentieth -
Century Asia
By: Gregg Huff and Giovanni Caggiano
Beginning in the late nineteenth century, globalization swept through Asia, transforming
its product and labor markets. By the 1880 s steamships had largely replaced sailing vessels for
transport within Asia as well as to Western markets, and shipping fares had begun to fall
sharply. Also already underway was the mass migration of Indian and Chinese workers,
principally from the labor-abundant areas of Madras in India and the provinces of Kwangtung
(Guangdong) and Fukien (Fujian) in Southeastern China, to land-abundant but labor scarce
parts of Asia. Indian and Chinese labor inflows to these countries constituted the bulk of two of
three main late nineteenth- and early twentieth- century global migration movements, the other
being European immigration to the New World. Immigration to Southeast Asia was almost
entirely in response to its growing demand for workers which, in turn, derived from rapidly
expanding demand in core industrial countries for Southeast Asian export.
Studies by Latham and Neal (1983) and by Brandt (1985, 1989) establish the
development of an integrated Asian rice market beginning in the latter part of the nineteenth
century (see also, .Myung, 2000), Furthermore, a series of articles and books by Williamson and
his co-authors reveal internationally integrated commodity markets and relative factor price
convergence in conjunction with pre-World War II globalization (Wiliam, 2000, 2002; O’Rourke
and Williamson, 1999; Hatton and Williamson, 2005). But in contrast to work on product market
integration, the possible emergence of an integrated Asian labor market has attracted less
attention. In part this reflects the lack of Asian wage data. As Harley (2000, p. 929) observes,
“Analysis of the low-wage periphery, which is most relevant to modern [globalization] debate, is
restricted by data availability”. This article makes available for the first time the data needed to
test for labor market integration over a large part of Asia.
The article has two main aims. One is to analyze whether as part of pre-World War
II globalization an integrated Asian market for unskilled labor existed to encompass
Asia’s chief emigrant-sending regions of South India and Southeastern China and the
principal Southeast Asian receiving countries for Indian and Chinese immigrants. Out
metric for integration, following both econometric works on GDP convergence and Robertson’s
recent analysis of integrated labor markets, comprises three complementary criteria; (1) that
wages do not diverge from a common trent (2) that over time wage dispersion does not
increase; and (3) that a correction mechanism pushes wages towards equilibrium relationship
aftershocks. It can be misleading, as Robertson (2000, p. 728) warns, to rely on price as a
criterion for integration. Markets are integrated if adjustment mechanisms operate to correct
deviations from a wage differential or “gap”.
Second, the article aims to compare wage trends in the area of Asia from South India to
South China and including Burma, Malaya and Thailand with an industrial core of the global
economy, defined as the United Kingdom, United States, Germany and France. Were unskilled
labor markets in Asia and the industrial core similarly affected by globalization such that in these
two parts of the world wages followed a common trend? Or, in contrast to commodity markets,
was globalization in Asia and the industrial core associated with a drifting apart of real unskilled
wages?
We argue that by the late nineteenth century South India, Southeastern China and the
three Southeast Asian countries had become integrated and constituted a unified labor market.
Furthermore, Asian evidence reveals a period of real wage convergence prior to the 1930’s. But
labor market integration that characterized Asia, and also obtained in the industrial core,
stopped at the geographical frontiers of each of these two regions. Unlike Asia’s export of
primary commodities, flows of Asian labor hardly penetrated either the core industrial countries,
or the wider Atlantic economy. The pre-World War II labor market pattern was, instead, one of
strong divergence between Asia and the world’s rapidly developing and industrializing core
economies.
WORLD TRADE ORGANIZATION (WTO) Its operations are premised on the neoliberal idea
that all nations benefit from free and open trade, and it is
dedicated to reducing and ultimately eliminating barriers to
such trade.
> Every nation is able to participate to world trade
WORLD BANK (WB) Helps poorer nations or to the government; It provides funds
to government-sponsored or guaranteed programs in so-
called Part II (member states that are middle-income or
creditworthy poorer nations)
FOREIGN DIRECT INVESTMENT (FDI) It involves investments by one firm in another firm that
exists abroad in a different nation-state, with the intention of
gaining control over the latter’s operation.
MULTINATIONAL CORPORATIONS (MNC) A firm that has the power to coordinate and
control operations in more than two countries, even if it does
not own them
> Global companies
FORMS OF INTEGRATION