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Defining Globalization
Defining Globalization
ation
SOCSCI 100 The Contemporary World
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Globalization
can be described as a
process by which the people
of the world are unified into
a single society and function
together.
SOCSCI 100 The Contemporary World
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Globalization
is a combination of
ECONOMIC,
TECHNOLOGICAL,
SOCIOCULTURAL and
POLITICAL forces. It is a
SOCSCI 100 The Contemporary World
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Globalization
is often used to refer to economic
globalization, that is, integration
of national economies into the
international economy through
trade, foreign direct investment,
capital flows, migration, and the
SOCSCI 100 The Contemporary World
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Globalization
increases the possibilities of
personal exchange, mutual
understanding and friendship
between “world citizens”.
SOCSCI 100 The Contemporary World
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Globalization
Academically speaking,
Globalization is “The
expansion &
INTENSIFICATION of social
SOCSCI 100 The Contemporary World
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Globalization
It must not be confused with
“making things common
around the world.” It is an
INTEGRATION and not
SIMULATION.
SOCSCI 100 The Contemporary World
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Globalization
is a concept that is not
easy to define because
in reality, globalization
has a shifting nature.
SOCSCI 100 The Contemporary World
9
GLOBALIZATION
English.
17
Effects of Globalization
COMPETITION
Survival in the new global business
market calls for improved productivity
and increased competition.
many industries around the world doing
the same thing, so Industries have to
upgrade their products and use
technology skillfully to compete.
SOCSCI 100 The Contemporary World
18
Effects of Globalization
CULTURAL
growth of cross-cultural contacts
the desire to increase one's standard of
living and enjoy foreign products and
ideas, adopt new technology and
practices, and participate in a "world
culture".
SOCSCI 100 The Contemporary World
19
Effects of Globalization
ECOLOGICAL
the start of global environmental challenges
that might be solved with international
cooperation,
climate change, cross-boundary water, air
pollution, over-fishing
factories are built in developing countries
with less environmental regulation which
SOCSCI 100 The Contemporary World
20 Effects of Globalization
SOCIAL
Spreading of multiculturalism, and better
individual access to cultural diversity through
media.
Greater international travel and tourism
Greater immigration, including illegal
immigration
Worldwide fads and pop culture, i.e. Pokémon,
SOCSCI 100 The Contemporary World
21 Effects of Globalization
TECHNICAL
Development of a global telecommunications
infrastructure and greater data flow even into
the world’s most remote areas
Internet: creation and proliferation of information
via the internet & world wide web
communication satellites: broadcast information
through space around the planet nearly
SOCSCI 100 The Contemporary World
CULTURAL POLITICAL
ECONOMICAL
The Two
Contrasting Approaches to
Cultural Globalization
Example
English Language:
English has become
quite widespread as the
international second
language throughout the
world.
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SOCSCI 100 The Contemporary World
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2. NON-TARIFF BARRIERS
Any barrier other than tariff and it
do not affect the price of the products
but it affects the quality and quantity.
International Financial
Institutions
Globalization
The biggest issue created by Economic
Globalization is about the ENVIRONMENT.
Political Globalization