LESSON 1

GLOBALIZATION

What is Globalization?
GLOBALIZATION:

 It is the increasing interaction of people, states, or countries through the growth of the international flow of money, ideas, and
culture. Thus, Globalization is primarily focused on economic process of integration that has social and cultural aspects
 It is the interconnectedness of people and business across the world that eventually lead to global, cultural, political, and economic
integration

 It is the free movement of goods, services, and people across the world in a seamless and integrated manner
 It is the liberalization of countries of their impact protocols and welcome foreign investment into sectors that are the mainstays of
its economy

 CHARACTERISTICS OF GLOBALIZATION:

 There is social mobility of movement of people regardless of reason

 There is an intensification of interactions
 It’s an active process
 Borderless interaction
 Spread of ideas, knowledge, technology, culture, religion, etc.

 HISTORICAL FOUNDATION OF THE WORD “GLOBALIZATION’’:

 1897, Charles Taze Russel coined the term CORPORATE GIANTS, referring to a large national trust and other large enterprises
of the time
 1930, The word “Globalize” as a noun appeared in a publication entitled “towards new education” where it donated a holistic view
of human experience in education.
 Late 1980’s – Globalization was popularized by Theodore Levitt
 Late 2000’s – The International Monetary Fund (IMF) identified four basic aspect of Globalization:
 Trade and transactions
 The capital in investment movements
 Migration and movement of people
 Dissemination of knowledge
 2013, the Globalization was used to define “borderless society
 2017, Globalization was often used in the Academe
 2018, the Globalization was now all used in disciplines

1. What are the disadvantages of Globalization?

2. What are the reasons for Globalization?