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N CONCEPTS
CHAPTER 1
GLOBALIZATIO
N
Globalization Concepts, Meanings,
Features, and Dimensions
Globalization is the process in which people, ideas and goods spread throughout the
world, spurring more interaction and integration between the world's cultures, governments and
economies .
Globalization is a process of interaction and integration among the people, companies, and
governments of different nations, a process driven by international trade and investment and aided
by information technology. This process has effects on the environment, on culture, on political
systems, on economic development and prosperity, and on human physical well-being in societies
around the world .
❑ The Pre-modern Period (3500 BCE- 1500 CE) In this period the invention of
writing and the wheel were great social and technological boosts that moved
globalization to a new level. The invention of wheel in addition to roads made the
transportation of people and goods more efficient. On the other hand writing
facilitated the spread of ideas and inventions
❑ The Early Modern Period (1500-1750) It is the period between the
Enlightenment and the Renaissance. In this period, European Enlightenment
project tried to achieve a universal form of morality and law. This with the
emergence of European metropolitan centers and unlimited material
accumulation which led to the capitalist world system helped to strengthen
globalization.
• is an international organization
comprising 28 European countries and
governing common economic, social,
and security policies
Economic Integration
1. Territory
The Role of the 2. People
Nation -State in
3. Sovereign Power ( the
Globalization authority of a state to govern
itself)
Nation- state role in globalization is complex. Since
nation-states are divided by physical and economic boundaries,
reduced barriers in international commerce and communication
are considered their potential threat. Sovereignty of individual
nations is not abolished by expanded trade among countries,
instead globalization is a force that changed the way
nation-states deal with one another, particularly in the area of
international commerce.
In setting international commerce policies,
isolated states are forced to engage to one another,
while nation-state’s domestic role unchanged.
Roles of some states were diminished while others
have exalted role is due to interactions of various
economic imbalances.
1. Poverty
Globalization’s 2. Environmental pollution
Impact on the 3. Economic crisis
State 4. Organized crime and
terrorism
Decision making processes in globalization is
complex as it takes place in various levels such as
sub-national, national, and global which lead to
the growth of a multi-layered system of
governance.
CHAPTER 2
THE GLOBAL
ECONOMY
Origin of Economic Globalization
It can be traced from history the time when there was
an economic movement in Asia, Africa and Europe
called the Silk Road, a trade route which connects the
East, particularly China, and the West. This route brings
us to the history of how Philippines was discovered by
the Portuguese and Spain envoys in search of spices and
eventually led to colonization.
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At this present day time, foreign
expatriates come to the country to manage
their company’s foreign subsidiaries. Likewise,
the Philippines send thousands of skilled
workers to the Middle East as construction
workers, seafarers, nurses ,etc.
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Economic globalization refers to
the expanding interdependence of
world economies.
4
The term global economy also refers
to the interconnected worldwide
economic activities that take place
between multiple countries.
These economic activities can have either a positive
or negative impact on the countries involved.
The International Monetary Fund
(IMF) also defined Economic
Globalization as a historical process,
the result of human innovation and
technological progress(IMF,2008)
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How does global economy work?
A global economy is one in which goods and
services are traded across national borders.
Because the trade is among sovereign nations,
those nations may enact trade restrictions that
alter free market out comes.
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The New World Economy is characterized by:
1. More options for production. No matter what your
production process, the chances are that the same
capabilities exist elsewhere.
2. The chance to create new markets
3. Small firms can think big
4. A more level playing field
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5. Networks are important
6. Culture is no constraint
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Specific actors that facilitate economic globalization are highlighted
as follows:
1. The International Economic and Financial Organization
2. The International Governmental Organization (IGOs)
3. The Media
4. The Multilateral Development Banks
5. The Nation-States
6. The Non-Governmental Organizations (NGOs)
7. The Trans-National Corporations (TNCs)
8. The United Nations (UN) System
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Thank you
THE WORLD
OF REGIONS
UNIT III
Global Divides: