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CONTEMPORARY WORLD Midterm Notes
CONTEMPORARY WORLD Midterm Notes
*Therefore one can trace the beginning of ● Ritzer (2015) cited Therborn’s
globalization from our ancestors in Africa (2000) six great epochs of
who walk out from the said continent in the globalization.
late Ice Age, so these are respectively ● Globalization of Religion
connected to four aspects of globalization (Fourth to Seventh centuries)
and they can trace all throughout history. ● European Colonial Conquests
(Late Fifteenth century)
● Chanda (2007) mentioned that ● Intra-European Wars
commerce, religion, politics, and (Late Eighteenth to Early
warfare are the “urges” of people Nineteenth centuries)
toward a better life. ● Heyday of European Imperialism
(Mid-Nineteenth century to 1918)
*Therefore, the hardwired proposes that ● Post-World War II Period
globalization originated from the basic ● Post-Cold War Period
motivation of human beings to seek a
better life and history, shows that our *These six great epochs are also called
ancestors travel from Africa to other places WAVES and each has its own origin.
in search of food and security. *Epochs explains that there are waves of
CYCLES globalization that look place in the past
and each of them has its own origin. And
epochs is different from the perspective of ● Demographic transition is a
cycle as it argues that the previous epochs singular historical period during
are not returning in the future. which mortality and fertility rates
decline from high to low levels in a
particular county or region.
EVENTS ● The transition started in mid or late
1700’s in Europe.
*So specific events are also considered as
part of Fort View in explaining the origin of *During this time death rates and fertility
globalization, if this is the case then there begun to decline, high to low fertility
are several coins can be treated as the happened 200 years in france and 100
start of globalization. years in the United States. In other parts
if the world the transition begun latter, it
● Gibbon (1998), for example, was only in the 20th century that mortality
argued that Roman conquests declined in Africa and Asia with the
centuries before Christ were its exemption of the country Japan.
origin.
● According to Maddison (2001), life
● Rosenthal (2007) gave premium to expectancy in India was only 24
voyages of discovery: years in the early twentieth
century while the same life
● Christopher Columbus’s expectancy occurred in China in
discovery of America in 1942 1929 until 1931.
● Vasco de Gama in Europe in
Cape of Good Hope in 1498 ● A remarkable effect of the
● Ferdinand Magellan’s completed demographic transition, as
circumnavigation of the globe in Shigeyuki et al (2002)., stated,
1522 “the enormous gap in life
expectancy that emerged between
Japan and the West on the one
BROADER, MORE RECENT CHANGES hand and the rest of the world on
the other” (p.251).
● Three Notable Changes as the
Origin of Globalization *So by 1820, the life expectancy at birth
of Japan and the West was 12 years
1. The emergence of the United greater than the other countries, it
States as the global power (Post- increased by 20 years by 1900 years.
World War II) Although there was an improvement in life
2. The emergence of Multinational expectancy all throughout the world in
Corporations (MNCs) 1990s to 1950, the gap had reached 22
3. The demise of the Soviet Union years.
and the end of the Cold War
● In terms of the age structure, the
overall trend in Japan and the west
was downward until 1950. Their
Global Demography dependency ratio was close to 0.5.
*And it only increased although
temporarily, when the baby boom after the
second world war occurred, so the Japan’s ● Favorable Immigration Policy
dependency ratio however increased ● Labor Shortage
between 1888 and 1920. Its dependency ● Similarity of Language and
ratio was higher than the West between Culture in the Country of
1920 and the early 1950s. Destination
● Dependency ratio started to *Like for example the United States if they
disappear because there is a faces a major influx of illegal immigration
decline in global birth rate. from Mexico and other Central America
States.
*Furthermore, the gap in fertility between
the West and the less developed ● The term “diaspora” has been
countries became smaller by the 21st increasingly used to describe
century. migrant communities.
● Political Persecution
● Economic Depression
● War
● Famine in the Home Country
● The United Nations (UN) tried to *Because there is a income inequality that
address the different problems in is rampant and one in seven people still
the world. Their efforts were guided live without electricity.
by the eight Millennium
Development Goals which they
created in year 1990s. ● So why is extreme poverty falling?
*The winners include corporations and *Globalization and inequality are closely
their stockholders who earned more profit related, we can see how different nations
and they include consumers who get are divided between the North and South
products at a cheaper price while the losers developed and less develop and the core
are highly waged workers who used to in the periphery and these differences
make those shoes. mainly reflect one key aspects of inequality
in the contemporary world in terms of
● But what about the low wage global economic inequality.
foreign workers? Are they winning
or losing? *There are two main types of economic
inequality, the wealth inequality and the
*A lot of workers are thrown into hazardous income inequality.
working conditions but is is also true that WEALTH INEQUALITY
many workers in developing countries are
at least making more money, and these ● Wealth refers to the net worth of
jobs pay above wages and people wants the country.
these jobs and although the pay would be
unacceptable in developed countries and ● It takes into account all the assets
they are often the best alternative. of a nation-may they be natural,
physical, and human-less the
● The multiplier effect means an liabilities. In other words, wealth is
increase in one economic activity the abundance of resources in a
can lead to an increase in other specific country.
economic activities.
*Wealth is the abundance of resources in a
● Economic globalization has specific country this means that the world’s
helped millions of people get out of inequality speaks about distributions of
extreme poverty but the chall enge assets
of the future is to lift up the poor .
while at the same time keep the ● In order to measure global
planet livable. economic inequality, economist
usually look at income using the *The result is a widening gap between the
GDP or Gross Domestic Product. rich and the poor as well as between the
high skilled and the low skilled workers.
*Income inequality according to
economists, we mean that the new
earnings are being distributed, it values the — THE END — 🙂🙂
flows of goods and services, not a stock of
assets.
INCOME INEQUALITY