POLITICAL AND

ECONOMIC DIMENSION
OF GLOBALIZATION
Presented by: Malayao, Moaje, Reña, Siguenza, Yutuc
Contents

 Ideology
 Elements of Ideology
 Social Imaginary
 Six Core Claims of Globalization
 Global Economy
 Economic Institutions
 International Trade
 Trends and Patterns in Financial Globalization
 Global North and South Divide
IMAGINARY SOCIOLOGY
Social imaginary
Definition of Imaginary Sociology

 Sociological imagination: The application of imaginative

thought to the asking and answering of sociological
questions. Someone using the sociological imagination
"thinks himself away" from the familiar routines of daily life.
 Sociological imagination is an outlook on life that tries to
break away from the monotony of day-to-day life.
Specifically, the sociological imagination involves an
individual developing a deep understanding of how their
biography is a result of historical process and occurs within
a larger social context
Significance of Imaginary Sociology

The sociological imagination enables us to
grasp history and biography and the relations
between the two within society. That is its task
and its promise." The concept is to understand
the distinction between a person's troubles
and public issues.
SIX CORE CLAIMS OF
GLOBALIZATION
Manfred Steger
1. Globalization Is About the Liberalization and Global
Integration of Markets (not an ideology)

Globalization is about the triumph of

the markets over governments
2. Globalization is inevitable and irreversible

Globalization is inevitable and irreversible- State

leaders pushed for neoliberalpolicies since they
proclaim thatglobalization is happening and cannot
bestopped

- Karl Marx and Georgh Wilhelm Friedrich Hegel

3. Nobody is in charge of globalization

Nobody is in charge of globalization

Self-regulating market

Globalization does not promote the agenda of any specific

class or group

Globalists are not dictating their own agenda on people

3. Globalization benefits everyone in the long run-

Free trade and free market will bring wealth and

prosperity to everyone

- Jack Ma
5. Globalization furthers the spread of democracy in the
world

Globalization furthers the spread of democracy in the world

Democracy, freedom, free markets, and free trade are synonymous
Democracy and Freedom = political system
Free markets and free trade = economic system
6. Globalization requires a global war on terror

9-11 attack which combines the idea of economic globalization

with the American brand of right wing foreign policy (openly
militaristic and nationalistic)

Prior to 9-11 attack, dominated by Western Europe, United

States and Japan – led by Osama Bin Laden’s Al-Qaeda

Ensuing aggressive, militaristic US foreign policy is a response

to protect the gains of globalization