You are on page 1of 14

The Contemporary World

Datu Moden C. Talandig | MIDTERMS

CHAPTER 1 ordering and evaluating activities, which is


“filled in” or inflected with the interests of
Lesson 1: Concepts and Its Underlying whoever can access it’.
Philosophies of Globalization
Mittelman, 2000
- The manifestations of globalization include
● emergence of globalization brought us to
the spatial reorganization of production , the
become more sociable and increases our
interpenetration of industries across
awareness on technological aspect through
borders, the spread of financial markets, the
this we have interactive movement on
diffusion of identical consumer goods to
different spheres such as political, social,
distant countries, massive transfers of
cultural, economic and technology which we
population
best describe as “ globalization”
● solidity
Six Core Claims of Globalism (STEGER, 2005)
- being limited to one place
- persistence of barriers that
1. Globalization is about the liberalization and
prevented free movement of people,
global integration of markets
information, and objects in that
2. Globalization is inevitable and irreversible
period
3. NOBODY is in charge of globalization
● fluidity
4. Globalization benefits everyone
- borderless community
5. Globalization further the spread of
- face of ‘global age’/contemporary
democracy in the world
time
6. Globalization requires a global war on
terror
GLOBALIZATION

FACTS ABOUT GLOBALIZATION


Hamilton, 2008
- Globalization is the worldwide integration of
Globalization in Economics
economic, technological, political, cultural,
● Refers to the prevalent international
and social aspects between countries
movement of goods, capital services
technology and information. It is the
Appelbaum and Robinson, 2005
increasing economic integration and
- Globalization is reshaping how we have
interdependence of national, regional and
traditionally gone about studying the social
local economies across the world
world and human culture and a field of
globalization studies is now emerging
Globalization in Politics
across the disciplines
● Politics can take place above the state
through political integration patterns such as
Schirato and Webb, 2003
the European Union and through
- view ‘globalization’ as a ‘discursive regime,
intergovernmental organizations such as the
a kind of machine that eats up anyone and
International Monetary Fund , the World
anything in its path’. They suggest that
Bank and the World Trade Organization.
‘globalization functions as a set of texts,
Numbers of political activities can be
ideas, goals, values, narratives, dispositions
transcend through national borders through
and prohibitions, a veritable template for
1 BSVT A | 1
global movement and non-governmental ● Food Production - How much food is
organization (NGO) produced in the world at present? Is there
enough for everyone? The answer maybe
Globalization in Culture surprising that we have enough food.
● Refers to the transmission of ideas, ● The Energy - Climate Crisis are we running
meanings and values around the world in out of energy? Of course not. Everything is
such a way as to extend and intensify social made out of energy .These laws also state
relations. This process is marked by the that energ cannot be created; all we can do
common consumption of cultures that have is to transform it from one state to another.
been diffused by the internet, popular ● Military issues - major force in managing
culture media, and international level. And peace and security, especially in inter - state
also to processes of commodity, exchange relations.
and colonization which have a longer history ● Economic - promote actions that would
of carrying cultural meaning around the lead to reductions in global inequality.
globe ● Environmental - (e.g. pollution, hazardous
wastes) which are dealt with primarily
Globalization in Religion through the United Nations Environment
● Religion plays a vital role in globalization Programme.
which all people’s come to live in a single ● Poverty - International trade generally
social unit . The impact of globalization have increases wealth. But it does not always
brought into a religious pluralism and it distribute that wealth equally. The
provides a fertile ground for a variety of International Monetary Fund (IMF) reported
noninstitutionalized religious manifestations that the gap between rich and poor
and for the development of religion as a countries has grow within the past several
political and cultural resource decades. The gap between people within
countries has grown as well.
Globalization in Technology
● Technology globalization is speeded in large IMPACT OF GLOBALIZATION
part by technological diffusion, the spread of
technology across borders. The rapid ● increased global awareness and the growth
improvement in the spread of technology to of illicit cross border activities
peripheral and semi-peripheral nations ● probably facilitated the illegitimate
transaction of activities such black market
GLOBAL ISSUES and other human trafficking
● living in deprived parts of the world , global
- contemporary issues involve multifaceted awareness raise their expectations and
dimensions such as political, economic, lower their tolerance of the situation they
social historical and geographic are in
components. The interconnected and series ● people in richer countries, the information
of event happened in the global revolution is helping to forge a sense of
perspectives affected all humankind. global community and transnational
solidarity
● Population - Our population is growing that ● Unskilled and indigenous people are
no one will be startled by that the rate of particularly the vulnerable one. The high
growth, and the fact that the present growth rising building and increase mobility of
of population is in unprecedented in human economic enterprise lead them to displaced
history.

2
and massive dislocation, environmental CHAPTER 2
degradation and violations of human rights.
Lesson 1: The Global Economy
Lesson 2: Theorization of Globalization
Economy
IMPERIALISM - basic foundation which should be given
primary importance and it also influences
● various methods employed by one country the condition of the society as well as the
to gain control (sometimes through politics
territorial conquest) of another country (or - worldwide economic status of one
geographic area) and then to exercise country clearly shows that economic
control, especially political, economic, mobility is considered major factor in
and territorial, over that country (or competing in the global arena
geographic area), and perhaps many other - rich become more richer and the poor
countries become poorer.

COLONIALISM
The Galleon trade
- which was implemented by the
● involves settlers as well as much more
Spaniards in the Philippines
formal mechanisms of political control
than those of imperialism.
The silk road
- which was introduced by China as
DECOLONIZATION
the oldest international trade route
where goods transported to the
● the process of revealing and dismantling
other side of the globe.
colonialist power in all its forms. This
includes dismantling the hidden aspects of
Bretton Woods System (1944)
those institutional and cultural forces that
● This was an attempt to create
had maintained the colonialist power and
institutional structures which
that remain even after political
would foster international economic
independence is achieved
cooperation and encourage the
free flow of capital around the
NEOLIBERALISM
world.
● favoring free trade, free circulation of ● The US dollar was adopted as the
capital, and freedom to invest anywhere standard; almost a “global currency”
have encouraged the growth of a complex in order to establish stable
international system of economic international exchange rates.
interdependence that transcends national ● British, French, German
borders
Global economic
structures

International Trade unsuccessful because of


Organization a lack of US support
(ITO)

Agreement on Trade facilitate the liberalization

3
people; making international finance one of
and Tariffs (GATT) of trade by the reduction
of tariff barriers the primary features of a global economy.

World Trade concern for the reduction - Global investment: This refers to an
Organization (WTO) of non - tariff barriers investment strategy that is not constrained
by geographical boundaries. Global
Economic Globalization investment mainly takes place via foreign
● trading and investing between countries direct investment (FDI).
● Trade is a driving force behind international
relations and trade impacts nearly every Why is the global economy important?
aspect of society - The growth and resilience shown by
emerging markets is a good sign for the
Global value world economy
● chains follow the creation of value through - Microeconomics: It refers to the study of
different stages, from the creation of a the behavior of households, individuals, and
product, to its disposal after use firms with respect to the allocation of
resources and decision making. In simpler
Outsourcing terms, this branch of economics studies
● an important global flow. Offshore how people make decisions, what
outsourcing involves contracting work to factors affect their decisions, and how
companies located in other countries. Apart these decisions affect the price, demand,
from the economic domain, this process is and supply of goods in the market.
also prevalent in the health care and military
domains How does the global economy work?
- transactions
Global Economy - International transactions taking place
● Interconnection of worldwide economic between top economies in the world help in
activities the continuance of the global economy
● multiple countries - includes the exchange of a variety of
● positive or negative impact on the countries products (from fruits, and foods, to natural
involved oil and weapons)
- number of benefits:
CHARACTERISTICS COMPRISING GLOBAL - providing a foundation for
ECONOMY worldwide economic growth,
(international economy set to grow
- International trade: International trade is by 4%)
considered to be an impact of globalization. - encouraging competitiveness
It refers to the exchange of goods and between countries
services between different countries, and it - raising productivity and efficiency
has also helped countries to specialize in across countries
products which they have a comparative - helping in development of
advantage in. underdeveloped countries by
allowing them to import capital
- International finance: Money can be goods(machinery and industrial raw
transferred at a faster rate between materials) and export primary
countries compared to goods, services, and goods (natural resources and raw
materials)

4
What are the benefits of global economy? providing the IGO with an international
● Free trade: Free trade is an excellent personality.
method for countries to exchange goods - World Trade Organization
and services. It also allows countries to - World Health Organization
specialize in the production of those goods - Asian Development Bank
in which they have a comparative
advantage. 2. Supranational Organization
● Movement of labor: Increased migration of ● extend beyond the borders of three or more
the labor force is advantageous for the states that seek to promote economic,
recipient country as well as for the workers. political, or cultural unity between members.
If a country is going through a phase of high - United Nations
unemployment, workers can look for jobs in - International Labor Organization
other countries. This also helps in reducing - European Union
geographical inequality.
● Increased economies of scale: The 3. International Non–Governmental
specialization of goods production in most Organizations
countries has led to advantageous ● extends the concept of a non-governmental
economic factors such as lower average organization to an international scope .
costs and lower prices for customers. NGOs are independent of governments and
● Increased investment: Due to the can be seen as two types, advocacy NGOs,
presence of global economy, it has become which aim to influence governments with a
easier for countries to attract short-term and specific goal and operational NGOs, which
long-term investment. Investments in provide services.
developing countries go a long way in - Amnesty International
improving their economies. - International Committee of the Red
Cross
FACTORS affecting Global Economy - International Chamber of Commerce

1. Population 4. Multinational Corporation (MNC)


2. Human Capital ● known as global corporation, is an entity
3. Natural resources that owns and controls production of goods
4. Infrastructure or services in one or more countries aside
5. Technology from their home country
6. Law
5. Transnational Corporation (TNC)
A. ACTORS IN GLOBALIZATION ● A commercial enterprise that operates
substantial facilities that does business in
CATEGORY OF ORGANIZATION more than one country. It is usually a large
corporation incorporated in one country
1. Intergovernmental Organizations or which produces or sells goods or services in
International Organization various countries. The two main
● composed primarily of sovereign states, or characteristics of TNCs are their large size
of other intergovernmental organizations. and the fact that their worldwide activities
IGO is established by a treaty that acts as a are centrally controlled by the parent
charter creating group. Treaties are formed companies. They are often:
when lawful representatives of several - Importing and exporting goods and
states go through a ratification process, services
5
- Making significant investments in a Semi-periphery
foreign country - fall in between
- Buying and selling licenses in - like thinking of the world as a big
foreign markets puzzle where some pieces have
- Engaging in contract manufacturing more power and resources than
– permitting a local manufacturer in others, affecting how they interact
a foreign country to produce their and shape global dynamics
products. - necessary structural element in a
- Opening manufacturing facilities or world-economy
assembly operations in foreign - play a role parallel to that played,
countries. mutatis mutandis, by middle trading
groups in an empire

THE BRANDT LINE


Multinational Transnational
- invisible line across the world that divides
own a home company do not have the rich north from the poor south
and its subsidiaries subsidiaries but just - divide between economically developed
many companies and industrialized countries and countries
that are less economically developed
have a centralized do not have a
- Brandt Report is the report written by the
management system centralized
management system Independent Commission, first chaired by
Willy Brandt in 1980, to review
face a barrier in able to gain more international development issues
decision making due to interest in the local
its centralized markets since they C. GLOBAL ECONOMIC INTEGRATION
management system maintain their own
system
● not a new phenomenon
● Since the travels of Marco Polo, global
B. MODERN WORLD SYSTEM economic integration has been a trend to
civilization
WORLD SYSTEM THEORY
● Reduce costs and Increase Trade
- social system
- Wallerstein ,1979 FACTORS that contributes to Global Economic
- one that has boundaries, structures, Growth
member groups, rules of legitimation and
coherence 1. Privatization the transfer of ownership ,
- made up of the conflicting forces which hold property or business from the government
it together by tension and tear it apart as to the private sector is termed privatization.
each group seeks eternally to remold it to its The government ceases to be the owner of
advantage the entity or business.
Core 2. Deregulation is the process of removing or
- highly developed and dominate reducing state regulations, typically in the
trade economic sphere.
Periphery 3. Foreign direct investment (FDI) is an
- less developed and often exploited investment in the form of controlling
for resources ownership in a business in one country by
an entity based in another country. It is

6
distinguished from a foreign portfolio 2. Market integration help to reduce market
investment by a notion of direct control. failure
4. Trade liberalization is the removal or 3. Differences in the prices in integrated
reduction of restrictions or barriers on the market should be equal if they are well
free exchange of goods between nations. integrated.
These barriers include tariffs, such as duties
and surcharges, and nontariff barriers, such A. International Financial Institutions
as licensing rules and quotas. Economists - Bretton Woods Agreement that currencies
often view the easing or eradication of these were pegged to the price of gold and the US
restrictions as steps to promote free trade. dollar was seen as a reserve currency
5. Regional integration is the process by which linked to gold standard. Bretton
which two or more nation-states agree to Woods had its most powerful effects on
co-operate and work closely together to global trade, the global monetary order, and
achieve peace, stability and wealth. Usually global investment
integration involves one or more written - under the Bretton Woods System the
agreements that describe the areas of central banks of countries other than the
cooperation in detail, as well as some United States were given the task of
coordinating bodies representing the maintaining fixed exchange rates between
countries involved. their currencies and dollar which they did
this by intervening in foreign exchange
Lesson 2: Market Integration markets

Market integration ● In terms of global trade , a key was the idea


- used to identify a phenomenon in which of the “ unconditional most-favored nation ”
markets of goods and services that are which “ required governments to offer the
somehow related to one another being to same trade concessions [reductions in trade
experience similar patterns of increase or barriers, non- discrimination against a
decrease in terms of the prices of those nation’s products] to all” (Frieden 2006 :
products 288). Restrictions on international trade
- refer to a situation in which the prices of were reduced over the years through
related goods and services sold in a defined various meetings (“rounds”) under the
geographical location also begin to move in auspices of GATT (General Agreement on
some sort of similar pattern to one another. Tariffs and Trade) and later the WTO.
- At times, the integration may be intentional, ● In terms of the monetary order, it was the
with a government implementing certain IMF that took center stage. The goal was to
strategies as a way to control the direction provide security, as well as flexibility, to the
of the economy. monetary order. What emerged between
- At other times, the integrating of the 1958 and 1971 was a system in which the
markets may be due to factors such as US could not change the value of its dollar,
shifts in supply and demand that have a while all other countries could, but as
spillover effect on several markets. infrequently as possible. This made
exchange rates stable enough to encourage
EFFECT of Integration on Market Development international trade and investment which
otherwise would have been discouraged by
1. Market integration provides opportunity to dramatic fluctuations in rates.
expand market coverage by selling local ● In terms of global investment, a key role
products in the global market. was envisioned for the World Bank, but
7
massive US aid through the Marshall Plan,
and rapid European post-war recovery, Trade-Related Investment Measures (TRIMs)
made its work in that period of much less - range of operating or performance
significance than had been anticipated. A measures that host- country governments
key development in terms of investment impose on foreign firms to keep them from
involved MNCs, especially American based having a distorting effect on trade in goods
firms in fields like automobiles and and services
computers, constructing their own plants International Monetary Fund (IMF)
and/or investing in indigenous companies in - goal of the IMF is macroeconomic stability
other countries. for both member nations and more
generally, the global economy
General Agreement on Tariffs and Trade (GATT)
- eliminate restrictions on the use of currency World Bank
for international trade, the member states - officially the International Bank for
decided to come up with an agreement Reconstruction and Development (IBRD)
- trade in goods - a specialized agency of the UN
- simply a forum for the meeting of - is the most important element of the World
representatives of countries Bank Group (WBG)
- focused on tariff reduction - The IBRD was established in 1944 at
Bretton Woods and began operations in
World Trade Organizaations 1946. Membership is open to all member
- took on responsibility for the increasingly states of the IMF and as of this writing it
important trade in services includes 184 nations. It provides funds to
- independent organization government sponsored or - guaranteed
- multilateral organization headquartered in programs in so-called Part II countries
Geneva, Switzerland (member states that are middle-income or
- 152 member nations creditworthy poorer nations)
- focus on trade places it at the heart of
economic globalization and has made it a B. Attributes of Global Corporation
magnet for those opposed either to the - global corporation is one that has significant
broader process of trade liberalization and investments and facilities in multiple
promotion or to some specific aspect of countries and lacks a dominant
WTO operations headquarters
- has come to focus more on - governed by the laws of the country where
- non-tariff-related barriers to trade they are incorporated
- more invested in its overseas locations, it
Trade-Related Aspects of Intellectual Property can be more sensitive to local opportunities
Rights (TRIPS) and also more vulnerable to threats.
- negotiated through the WTO, which involves - operate on a global scale which means they
intangible ideas, knowledge, and have
expressions that require their use to be - huge assets in almost all countries in which
approved by their owner. Involved here is a they operate
wide range of intellectual property, such as - corporations have unity of control
movies, books, music recordings, and - management of the offices in other
computer software, which exists, or whose countries is controlled by one head office
value lies, largely in the realm of ideas located in the home country

8
- according to Benedict Anderson, is an
“imagined community” and does not go
Advantages Disadvantages
beyond a given “official boundary”. It is
Investment of Foreign Least concern for inherently limited and sovereign. It has
Capital Priorities of Host boundaries, meaning not anyone can be a
Coutries Filipino
- this refers to a large group of people who
Generation of Adverse Effect on
Employment Domestic Enterprises share common characteristics such as
language, traditions, and ethnicity.
Use of Advanced Change in Culture
Technology State
- refers to a country and its government
Growth of Ancillary
Units where a community of persons more or less
numerous occupying a definite territory
Increase in exports and completely free of external control and
inflow of foreign possessing an organized government to
exchange which the great body of inhabitants render
Healthy Competition habitual obedience.

Interstate system
Lesson 3: Global Interstate System - a system of competing and allying states.
Wherein, Treaty of Westphalia is a set of
● origin of the modern nation-state is traced to agreements signed in 1648 to end the
the Treaty of Westphalia which led to the Thirty Years’ War between the major
notion that nation-states are autonomous continental powers of Europe. It was
● fusion of the cultural concept of a nation and designed to avert wars in the future by
the structure of the state; to the idea of the recognizing that the treaty signers exercise
nation-state complete control over their domestic affairs
and swear not to meddle in each other’s
ATTRIBUTES of Global System affairs and provide stability for the nations of
Europe
● countries or states are independent and
govern themselves; PRINCIPLES of Interstate system
● these countries interact with each other
through diplomacy; Nationalism
● international organizations facilitate these - a doctrine and/or a political movement that
interactions (i.e. UN); seeks to make the nation the basis of a
● international organizations also take on lives political structure especially a state. It is a
of their own. sense of national consciousness that
generally exalts one’s own nation above
Nation-state others, and focuses on the promotion of
- relatively modern phenomenon in the interests.
human history whereby it composed of two
non-interchangeable terms: nation and Internationalism
state. - desire for greater cooperation and unity
among states and people. In a more
Nation comprehensive definition, it is a political

9
principle that places the interests of the from providing public goods like water,
entire world above those of individual health care, agricultural products, and
nations and argues for cooperation among education. At the same time, the dominant
nations for common good. This can be corporations in the global economy are
divided into two broad categories: liberal using their wealth to gain power by
internationalism and socialist influencing political and social institutions.
internationalism.
B. Institutions Governing International
A. Effects of Globalization on Government Relations

Political Globalization International Institutions


- Nation-states, the primary actors in this - form a vital part of contemporary
system, engage in diplomatic relations international relations. They are the central
partly in the context of regional and global focus of policy making efforts around the
intergovernmental organizations (IGOs) world these are organizations with
international membership, scope or
Nation-States and Intergovernmental presence. As mentioned in the other
Organizations chapter we have the international
- Nation-states engage in international nongovernmental organization (INGO) and
relations to establish trade, maintain intergovernmental organizations (IGO)
boundaries, enforce rules, settle disputes,
manage migration, etc. Most of these tasks C. Internationalism vs. Globalism
were historically accomplished through
negotiations among representatives of two Internationalism
or more states. - decisions of other nations to cooperate with
- To maintain the sovereignty of nation-states, one another in political , economic and
IGOs operate on principles cultural aspects for the promotion of the
intergovernmentalism, requiring unanimity common good and welfare of the people
among their members before agreements
can be finalized. Some IGOs do however Globalism
incorporate elements of supranationalism, in - belief that people, goods and information
which majority rule may force ought to be able to cross national borders
member-states to implement IGO decisions unfettered. It is the attitude of putting the
or leave the organization interests of the entire world above the
- IGOs may be regional (e.g. the EU) or interest of individual nations.
global (e.g. the WTO)
Lesson 4. Contemporary Global
The End of the Nation State Governance
- power of the nation-state is waning
- major actors in international relations and Governance
sovereign within their own territories, - defined as establishment of policies and
countries are increasingly divesting continuous monitoring of their
themselves of responsibility for their implementation by members of the
citizens’ welfare. governing body.
- Transnational corporations are taking on
former state responsibilities through Global Governance
privatization and corporatization, profiting
10
- collection of governance related activities, 3. The Secretariat
rules and mechanism, formal and informal, 4. The Council
existing at a variety of levels in the world 5. The Economic and Social Council
todays 6. International Court of Justice

Global Governance ACHIEVEMENTS of The United Nations


- necessary because humanity increasingly
faces both problems and opportunities that ● The UN has helped many countries become
are global in scale. Presently, transnational democratic and peaceful states.
problems such as violence and pandemics ● The UN plays an important role in
routinely reach across borders affecting us protecting our environment. The Earth
all. An effective global governance will allow Summit in Rio de Janeiro in 1992 was a big
us to end armed conflict which deal with conference about climate control other
new and emerging problems such as problems of our environment.
technological risks and automation, and to ● The International Atomic Energy Agency is
achieve levels of prosperity and progress a UN organization that controls the nuclear
weapons of countries and sees to it that
A. Roles and Functions of the United Nations they don’t build an atomic bomb.
● Since 1950, the UN has given help to over
United Nations 50 million refugees. These people had to
- is an intergovernmental organization that leave their countries because of war, hunger
promotes international cooperation and or diseases.
creates and maintains international order ● Africa is the poorest continent in our world.
- replaces the ineffective League of Nations The UN has given African countries money
and was established after World War II on and other kinds of help so that they can
October 24, 1945 to prevent another global feed people and give them work to do.
conflict ● It helps give developing countries safe and
- emerges as an actor with distinct clean water .
advantages, including the equal ● It fights drug abuse and improves the lives
representation of its 192 Member States of children who live in poverty.
under the UN Charter. Even so, the global ● It helps people learn how to read and write.
landscape requires further improvement in ● It helps farmers in poor countries where it is
the General Assembly in four key areas. too hot or too dry.

United Nations was created for many reasons: B. Challenges of Global Governance in the 21st
● There should be peace and security in the Century
world after the Second World War
● Countries should be friendly to each other 5 Global Governance Gaps
● Countries should help each other solve - knowledge
problems - normative
● Human rights should be respected - policy
everywhere in the world. - institutional
- compliance
MAIN ORGANS OF THE UN
● Knowledge is a valuable core asset which
1. The General Assembly is both intangible and concrete, a general
2. The Security Council

11
and specific source . It is a knowledge that Global North
makes cooperation among member states - established democracy, wealth,
● Normative role of the UN which has been technological advancement, political
fundamental since the creation of the stability, aging population growth, and
organization. Member-states are committed dominance of world trade and politics. This
to review and reform their norms and include the United States, Canada, almost
standards. There should be a balance of all the European countries, Israel, Cyprus,
norm setting and norm implementation.. Japan, Singapore, South Korea, Australia,
Once the norm is being identified, norn and New Zealand.
could be set to address issues.
● Global governance must be challenge to Global South
comply with the gaps to implement policies - less–developed countries of the world
effectively or enforce penalties to those who - term “Global South” emerged in the 1950s
violated it. Such violation could be a great - not as economically sound and politically
threat to one state to another which will stable as their global North counterparts
pose a danger to the peace and security. and tend to be characterized by turmoil,
war, conflict, poverty, anarchy and tyranny
CHAPTER 3 - mainly agrarian economies in Sub-Saharan
Africa, Latin America and the Caribbean,
Lesson 1: Global Divides Pacific Islands, and the developing
countries in Asia, including the Middle East.
North-South Divide It is home to the BRIC countries: Brazil,
- is the socio-economic and political division India and China, which, along with
that exist between the wealthy developed Indonesia and Mexico, are the largest
countries “the North”, and and the poorer Southern states in terms of land area and
developing countries (least developed population.
countries) or “the South”
- North is mostly correlated with the Western Global North Global South
world and the First World, along with much
of the Second World, while the South ✓Comprised of ✓Accounts for the
largely corresponds with the Third World only one quarter three-quarters (75%) of the
(25%) global population BUT only
and Eastern world.
of the total global accounts a fifth (20%) of
population the globally earned income
A. North and South ✓ Richer and more ✓Poor and less developed
● division between rich and poor countries economically region
which most of the developed countries developed region ✓ Relatively low GDP and
located at Northern Hemisphere and the ✓ Accounts for the high population
over 90% of all ✓Only 5% of country’s
most of the developing countries is in the
manufacturing population has enough
Southern Hemisphere industries food and shelter
● considered as a socio-political division ✓ About 95% of ✓ Source of raw materials
which created a development gap among the population have and labor for the “North”
nationstates enough basic ✓ The economies of most
● is a socio-economic and political division of needs and have countries in the South rely
Earth popularized in the late 20th century access on imports from the North
to functioning and have low technological
and early 21st century
education systems penetration

12
Lesson 2: Asian Regionalism
B. Global South vs. The Third World
- They divided the world into three (3) ASEAN
categories that embodies 3 types of - first major regional player to emerge and
countries along the globe: the First World, has been at the center of regional
Second World, and the Third World. developments including APEC, ARF,
ASEAN Plus Three and the East Asian
Third World Summit as East Asian regionalism has
- underdeveloped or developing countries evolved over time ASEAN’s pivotal regional
- were well on their way to becoming rich and role has also been accepted by China and
“developed” Japan in good part because they need the
- Third World was the non-aligned World, ASEAN members as followers if they ever
distinct from the First (capitalist) and want to be considered global leaders
Second (socialist/communist) Worlds
- became a quick-and-easy referent for the Asian Regionalism
“Poor World” because it has been - make Asian economies grown richer but
under-developed by the Rich or “First also they become closer together
World”, through processes of globalization - product of economic interaction, not political
and capitalist expansion planning. As a result of successful, outward
oriented growth strategies
The “Three Worlds Theory”
● made no longer sense when in 1989-1991 A. Regionalization vs. Globalization
● the Second World ceased to exist as the - reemerged during the 1980s and
Soviet Union collapsed heightened after the end of the Cold War in
● The “Global North” mostly covers the First the 1990s. At first, these two processes are
World, with much of the Second World. contradicting since globalization, by
While “Global South” covers the countries definition is global while regionalization is
from the Third World naturally regional

First World Globalization


- Composed of industrialized and democratic - as “the increased flows of goods, services,
countries, which most members were capita, people, and information across
assumed to be allied with the US against borders”
Soviet Union. (Canada, Australia, Japan, Regionalization
Western Europe, etc) - is “the societal integration and often
Second Word undirected process of societal economic
- Former communist countries that aren't interaction”. Further, Regionalization is the
quite in poverty but aren't prosperous either formal process of intergovernmental
(East Germany, Georgia, Poland, Ukraine, collaboration between two or more states
etc) Regionalism
Third World - political process characterized by economic
- Non-aligned world and as the global realm policy cooperation and coordination among
of poverty and under-development. countries
(Afghanistan, Latin America, Asian - The goal of regionalism became
countries, etc.) encapsulated in the concept of an East
Asian community

13
- removing economic barriers was the
Advancement technology is has driven
principal thrust of most agreements to rarely available great
promote regionalism, a ‘community’ in one advances in
connotes shared values and joint responses country or technology
to security threats. region

DIFFERENCE between Regionalization and B. Integration of Asia


Globalization ● process by which two or more nation-states
agree to co-operate and work closely
Regionalization Globalization together to achieve peace, stability, and
wealth
Nature Divides an area Promotes ● entire world is moving towards integration, it
into smaller integration of
is inevitable. In Asia, the Southeast Asian
segments economies
called regions across state countries have already formed ASEAN
borders all (Association of Southeast Asian Nations)
around the including APEC (Asia Pacific Economic
world Council), ARF (ASEAN Regional Forum),
ASEAN Plus Three and the East Asian
Market Monopolies are Allows many
Summit
more likely corporations to
to develop. trade on
Monopoly international Asian Region into greater integration:
means one level; it 1. TRADE: The world economy is intertwined
producer allows free with each other and we all want and need
controls supply market something from another part of the world,
of a good including global trade facilities, and since
or service, and
these nations are geographically located
where the
entry of new near each other they can readily supply
producers is each other’s needs.
prevented or 2. SIMILAR CULTURE: The cultures of Asia is
highly diverse, but they do share many things. This
restricted. makes it an easier fit during times of
Cultural & Does not Acceleration to negotiations.
Societal support multiculturalis 3. COMMON GOALS: The Asian region
Relations multiculturalism m through recognizes the mutual benefit of a slow
free and integration, and that is to accelerate the
inexpensive economic growth, social progress and
movement of cultural development and to promote peace.
people
4. SIMILAR SECURITY NEEDS: aside from
Aid A regionalized Globalized small localized rebels, this association
area does international needs only to contend with
not get involved communities foreign-supported terrorist groups which are
in the are more usually handled well.
affairs of other willing to aid
areas countries
stricken by
disasters

Technological Advanced Globalization


14

You might also like