Professional Documents
Culture Documents
FLOWS 2. Marketization
- Movement of people, things, places, and information GLOBAL TRADE EMERGE WHEN:
brought by the growing “porosity” of global limitation. - heavily populated continents began to exchange
products continuously- both with each other directly
and indirectly via other continents.
GLOBALIZATION THEORIES
- Did so in values sufficient to generate lasting impacts
HOMOGENEITY on all trading partners.
- Refers to the increasing sameness in the world as
cultural inputs, economic factors, and political
orientations of societies expand to create common 2 DIFFERENT TYPES OF ECONOMIES ASSOCIATED
practices, same economies, and similar forms of WITH ECONOMIC GLOBALIZATION
government. 1. PROTECTIONISM
- cultural imperialism - a policy of systematic government intervention in
- Neoliberalism, capitalism, and market economy in foreign trade with the objective of encouraging
the world. domestic production.
= MC WORLD - Only one political orientation is - “free trade” occurs when goods and services can be
growing in today’s society. bought and sold between countries or sub-national
regions without tariffs, quotas or other restrictions
being applied.
FREE TRADE AGREEMENT MODERN WORLD SYSTEM THEORY
- Agreement between two or more countries where - Wallerstein Model- Capitalist World Economy
the countries agree on certain obligations that affect
trade in goods and services, and protections for = CORE - high income nations/ manufacturing base
investors and intellectual property rights, among = PERIPHERY - Low-income nations/ resources and
other topics. labor support wealthier nations
TARRIFICATION = SEMI-PERIPHERY - closer ties to the global
- required fees for imports or exports economic core
- Concern for the social, economic, and environmental - Great Depression in 1930s
well- being of marginalized small producers. - Fear of lack of cooperation among nation- states,
- Aims for a more moral and equitable global political instability, and economic turmoil.
economic system. - Reduction of economic barriers to trade and free
RCEP flow of money among nations for restructuring of
world economy and ensuring global stability.
- Regional Comprehensive Economic Program
FIVE ELEMENTS:
1. Expression of currency in terms of gold or gold
THEORIES OF GLOBAL STRATIFICATION value to establish a par value
MODERNIZATION THEORY 2. Official monetary authority in each country
- Frames globalization as a function of technological 3. Establishment of overseer for exchange rates (IMF)
and cultural differences between nations.
4. Eliminating restrictions on the currencies of
- Two history member states in the international trade
>Columbian Exchange 5. US dollar became the global currency
>Industrial Revolution
- The tension between tradition and technological WORLD BANK AND INTERNATIONAL MONETARY BANK
change is the biggest barrier to growth.
- Founded after World War II
WALT ROSTOW’S STAGES OF MODERNIZATION
- Established because of peace advocacy after war
1. Traditional stage
- Basically, banks started by countries
2. Take- off stage
WORK:
3. Drive to technological maturity
- MF’s main goal- to help countries which were in
4. High mass consumption trouble at that time and who could not obtain money
by any means.
DEPENDENCY THEORY
- WB’s goal- long- term approach that revolved
- core and peripheral around the eradication of poverty and funded projects
= PERIPHERAL NATIONS - less developed countries to help poor countries reach their goal.
and receive unequal distribution of world’s wealth. CRITICISM:
= CORE NATIONS - more industrialized nations who - Reputations of these institutions has been dwindling
received the majority of world’s wealth. practices of corruption on government or even
- Even after de-colonization, there are still important dictators and imposing ineffective austerity measure
ties between the developed and less developed to get their money back.
countries.
MARKET INTEGRATION DOES A NATION A STATE? (VICE VERSA)
- The fusing of many markets into one NATION
- Price differences between countries are eliminated - “Imagined community.”
as all markets become one.
- It does not go beyond a given official boundary
IMPACTS OF MARKET INTEGRATION:
- Rights and responsibilities are mainly privilege and
- Elimination of other kinds of barrier to trade caused concern of the citizens.
by institutional differences between countries.
STATE
= Trading costs
- Country and its government
= Markets are embedded in institutions such as
property rights, legal systems, and regulatory regimes - Attributes: Citizens, Government, Sovereignty and
Territory.
= Borders still matter because of institutional
Incompatibilities.
- Some economists argue that this process is SYSTEM
underway and inevitable, and that global markets - A set or assemblage of things connected, associated,
drive the harmonization of institutions across or interdependent, to form a complex unity.
countries.
- A whole composed of parts in orderly arrangement
- This economic interest also became part of a political according to some scheme or plan.
strategy that transformed people into individual
political economic subjects. INTERSTATE SYSTEM
- To make the system more just - The whole system of human interactions.
- Series of meetings called among the great powers of - System of free nations that cooperate with each
Europe to discuss problems and attempt to resolve other to create an international system.
issues without violence. JEREMY BANTHAM
- Creation of international law for inter-state relations
IMPORTANCE OF INTERSTATE SYSTEM: - Global legislators to propose legislation that would
SECURITY create “the greatest happiness.”
- Relations between states take place in “Hobbesian - Principle of “self- determination”- right to a free and
'state of nature.” sovereign government.
- Sense of national consciousness - The state and alter the economy, the proletariat had
“no nation.”
INTERNATIONALISM
- Opposed nationalism because they believed it
- The idea of embracing cooperation among states prevented the unification of the world’s workers.
that includes political, economic, and even cultural
cooperation.
FEATURES: GLOBAL GOVERNANCE
- An emphasis on humanitarianism CHARACTERISTICS OF WORLD POLITICS
- Maintenance of peace and security - Independent countries or states that have rule
- Diplomacy process > Non-governmental/Nonprofit
- International institutions for interactions and takes - Members are held together by a formal
on lives of their own in addition to enabling meetings
between government. agreement.
- Powers:
- Multiple intersecting processes that generates order > Ability to change names.
in the world > Power to diffuse norms.
= States are under an international order to adhere
some global rules
UNITED NATIONS
= Semblance of world order
- Formerly “League of Nations” (WWI)
- Understood as “the way in which global affairs are
managed.” - October 24, 1945
= The broader relationships of which such behavior - To reaffirm faith in fundamental human rights
is a part, and the institutions (private, state, - To promote social progress and better standards of
nongovernmental, and intergovernmental) that life in larger freedom.
oversee those interactions.
ESSENTIAL PRINCIPLES: (UN)
- interaction of nation-states and non-governmental
organizations in fields such as politics, economics, and - assist the organization in any enforcement actions.
security.
- States that are not members of the organization are
- interaction of nation-states and non-governmental required to act in accordance with these principles.
organizations in fields such as politics, economics, and
security. As well as the effect of international
institutions and non-state actors on global NON-GOVERNMENTAL ORGANIZATION
governance.
- Voluntary group of individuals or organization
INTERNATIONAL ORGANIZATION
- Independent
- Primarily made up of member- states
-Formed to provide services or to advocate a public
- Includes members from more than one nation. policy.
> Intergovernmental
> Corporations
2 BROAD GROUPS OF NGOs - Neoliberalism and free trade
1. OPERATIONAL = Free flow of capital and jobs
- focus on the design and implementation of = A threat in general as the state cannot protect its
development projects. own economic interest.
2. ADVOCACY GLOBAL SOCIAL MOVEMENT
- defend or promote a specific cause and seek to - Social Movements
influence public policy.
= Movements of people that are spontaneous of
that emerge through enormous grassroots of
organization.
FUNCTIONS: (NGO)
= Transnational movements that can occur across
- Provide information and technical expertise to countries and borders.
governments and international organizations.
= States have less control over them.
- advocate for specific policies.
- provide humanitarian relief and development
assistance. GLOBAL NORTH AND SOUTH
- Monitor human rights or the implementation of - The world is divided in terms of development and
environmental regulations.
Wealth.
- Most developed countries are in the north whereas
CRISTICISM: GLOBAL GOVERNANCE most of the developing or underdeveloped countries
- It supports the neoliberal ideology of globalization are in the south.
and reduces the role of the state. WHAT IS THE PROBLEM? (GLOBAL SOUTH)
= NEOLIBERAL – free market - Global south countries have been unable to evolve
- The interests of the poorest people and nations will an indigenous technology appropriate to their own
be ignored unless they have direct impact of the resources.
global economy. - Dependency on powerful Global North.
- Group of countries located in the same - Contribute to the efficiency and stability of financial
geographically specified area. markets
- Refers to the growing density of interaction and co- - Create regional mechanisms and thus contribute to
operation between neighboring countries. more effective global solutions.
REGIONALISM
- A political process characterized by economic policy CHARACTERISTICS OF REGIONALISM
cooperation and coordination among countries. - Local Identity
- Conveys the sense of intentional, top-down region- - Autonomy
building involving inter-governmental collaboration.
- An emergent socially constituted phenomenon.
FEATURES OF REGIONALISM
- Inspirational and revolutionary
- Psychic Phenomenon
- economic policy, cooperation, and coordination.
- Expression of group identity and loyalty
- Development of the region
- Prohibits people from other regions to benefit by a
particular region.
NON-STATE REGIONALISM
- Tiny associations that include no more than a few
factors and focus on a single issue or huge continental
unions that address a multitude of common problems
from territorial defense to food security.
- Rely on the power of individuals, non- governmental
organizations, and associations.
- reformist who shares the same values, norms,
institutions, and system that exist outside of the
traditional, established mainstream institutions and
system.
STRATEGIES:
- Partner with governments to initiate social change to
participate in institutional mechanism.
- Dedicate themselves to special causes.
CHALLENEGS:
- Underfunded
- Influence of global politics is limited
- The discord that may emerge among them
- May not welcome new trends and set- up obstacles
after another.
CHALLENGES TO REGIONALISM
- Resurgence of militant nationalism and populism
- Diverse perspectives on what regionalism should be
used for.