CONTEMPORARY WORLD REVIEWER

DEFINITION OF GLOBALIZATION

 The increasing connectedness and interdependence of world culture and economies. Also, it is
the recognition that we have become increasing interdependent and connected worldwide. Our
ideas, cultures and economic trade are increasing becoming global.

ADVANTAGES OF GLOBALIZATION

 Globalization would help the developing world progress faster.

Most of the world today is not developed. Outside of about 40 countries which have gone
through their own version of the Industrial Revolution, the rest of the population still struggles
as a primarily agricultural society. By reducing border restrictions, creating common payment
formats, and opening product access by reducing export barriers, more people could improve
their way of life. Higher incomes often lead to lower maternal and infant mortality rates too,
which means we’d be saving lives with this effort.
 ECONOMIC GROWTH
DISADVANTAGES OF GLOBALIZATION
 Globalization changes how humans would identify themselves.
Humans are global citizens in some ways already. We all share the same planet, after all, so we
are united with that common ground. If we lose borders, however, we also lose a piece of our
culture, ethnicity, or family heritage. People identify themselves based on their history, so being
Irish in a global world would have less impact than it does today. We already seen how this
works when America came into the Philippines after being an independent nation. Some
Americans label themselves as such first, but many see themselves as an Filipinos before being
an America.

GLOBALIZATION ACCORDING TO THAMAS LARSSON
 The process of world shrinkage, of distances getting shorter, things moving closer.
GLOBALIZATION ACCORDING TO MARTIN KHOR
 Occurring through and with regression, colonialism, and destabilization
METAPHORS OF GLOBALIZATION
 SOLID
 LIQUID
 FLOW
SOLID
 refers to barriers that prevent or make difficult the movement of things. Solid can either be
natural or man-made. Example of natural solids are landforms and bodies of water. Manmade
barriers include the Great wall of China and the Berlin Wall.
LIQUID
