Professional Documents
Culture Documents
• Overview:
•
• WHAT IS GLOBALIZATION
• wIt refers to the increased
flow of trade, people,
investment, technology,
culture, ideas among
countries and creates a
more integrated and
interdependent world.
•wGlobalization has been around since
the 15th century when European
exploration & colonization created
global empires & markets, but most
historians and economists agree that
today is special by the extent of
interdependence and the speed by
which it has occurred.
•wGlobalization means the speedup of
movements and exchanges (of human
beings, goods, and services, capital,
technologies or cultural practices) all over
the planet. One of the effects of
globalization is that it promotes and
increases interactions between different
regions and populations around the globe.
• ACCDG. TO WHO - Globalization can be
defined as ” the increased interconnectedness and
interdependence of peoples and countries. It is
generally understood to include two inter-related
elements: the opening of international borders to
increasingly fast flows of goods, services,
finance, people and ideas; and the changes in
institutions and policies at national and
international levels that facilitate or promote such
flows.”
• What Is Globalization in the Economy?
• According to the
Committee for Development Policy (a
subsidiary body of the United Nations), from
an economic point of view, globalization can
be defined as:
“(…) the increasing interdependence of world
economies as a result of the growing scale of
cross-border trade of commodities and
services, the flow of international capital and
the wide and rapid spread of technologies.
• What Is Globalization is Globalization in
Geography?
• In geography, globalization is defined as
the set of processes (economic, social,
cultural, technological, institutional) that
contribute to the relationship between
societies and individuals around the
world. It is a progressive process by which
exchanges and flows between different
parts of the world are intensified.
• When Did Globalization Begin?
• The History of Globalization
• When Did Globalization Begin?
• The History of Globalization
• When Did Globalization Begin?
• The History of Globalization
•ASPECTS OF GLOBALIZATION
ECONOMICAL
CULTURAL SOCIAL
GLOBALIZATION
TECHNOLOGICL ECOLOGICAL
POLITICAL
•ASPECTS OF GLOBALIZATION
ECONOMICAL
CULTURAL SOCIAL
GLOBALIZATION
TECHNOLOGICL ECOLOGICAL
POLITICAL
• They are all interconnected!
• DRIVERS OF GLOBALIZATION
• Two factors underlie globalization
• “Decline in barriers to the free flow of
goods, services, and capital” that has
occurred since the end of World War II”
(PANDEMIC SITUATION)
• The Benefits of Globalization
• Globalization has benefits that cover many
different areas. It reciprocally developed
economies all over the world and increased
cultural exchanges
• Globalization Benefits – A Financial
Example
• At the same time, finance also became
globalized. From the 1980s, driven by neo-
liberal policies, the world of finance gradually
opened. Many states, particularly the US under
Ronald Reagan and the UK under Margaret
Thatcher introduced the famous “3D Policy”:
• Disintermediation, Decommissioning,
Deregulation.
•
Technological change
DECLINING TRADE AND
INVESTMENT BARRIERS
Course Materials: Views on Globalization:
Thomas Larsson- a Swedish journalist, saw globalization as a “process of world shrinkage, of
distances getting shorter, things moving closer.
Martin Khor- the former President of Third World Network in Malaysia, once regarded
globalization as colonization.
Ohmae (1992), stated globalization means the onset of borderless world.
Robert Cox-the characteristics of globalization trend include the internationalizing of production,
the new international division of labor, new migratory movements from South to North, the new
competitive environment, and the internationalizing of the state.
Ritzer (2015) “globalization is a trans planetary process or a set of processes involving increasing
liquidity and the growing multidirectional flows of people, objects, places, and information, as
well as the structures they encounter and create that are barriers to, or expedite, those flows..
•
• WATCH: https://www.youtube.com/watch?v=xPD477FuqtY
• https://www.youtube.com/watch?v=JJ0nFD19eT8
• Metaphors of Globalization
Solidity- refers to barriers that prevent
or make difficult the movement of things.
Liquidity- refers to the increasing ease of
movement of people, things, and
information, and places in the
contemporary world.
• Source: https://www.educba.com/globalization-example/
Activity/ Assessment:
• Anti-globalization side
1. What do we know about each of the countries/regions where these objects were
made?
2. For those not made in the United States, why do you think these objects were
made overseas?
3. Who profits from these objects being made in another country but sold here?
4. Who suffers or is exploited?
5. Why do you think our economy is set up in this way?
• References:
• http://www.cultureconnections.org/resources/curriculum-artifact-boxes/globalization-
an-introduction/unit-01/lesson-plans/activities-03.html
• https://www.researchgate.net/publication/41097877_Competing_Conceptions_of_Gl
obalization/link/0a85e533a81f37bd67000000/
• https://prezi.com/p/mffaqasqooc7/competing-conceptions-of-globalization/
• Assignment:
• From the activity, answer the following questions:
1. What do we know about each of the
countries/regions where these objects were made?
2. For those not made in the United States, why do you
think these objects were made overseas?
3. Who profits from these objects being made in
another country but sold here?
4. Who suffers or is exploited?
5. Why do you think our economy is set up in this way?
UNIT 2- MARKET INTEGRATION
Overview:
• Integration shows the relationship
of the firm in a market. The extent of
integration influences the conduct of
the firms and consequently their
marketing efficiency.
Learning Objectives:
•At the end of this lesson, students will be able
to:
1.
Explain the role of international financial
institutions in the creation of a global
economy;
2.
Narrate a short history of global market
integration in the twentieth century;
3.
Identify the attributes of global corporations.
Integration- is a state of affairs on a
process involving attempts to combine
separate national economics into longer
economic regions.
Two Types of Market Integration
Negative Integration.
Positive Integration
FORMS OF INTEGRATION
1.Preferential Agreement
2.Trade Force Area
3.Customs Union
4.Common Markets
5.Economic Union
THREE BASIC KIND OF MARKET INTEGRATION
1.Horizontal Integration
2.Vertical Integration
3.Conglomeration
20th Century Market Integration
• Started when a big American Corporations
began to emerge after the second World War.
• International trade and exchange of goods
and services were already practiced in this
century.
• Colonialism and imperialism rose as the new
way of putting order to the economic
interrelationships among countries.
Role of International Financial Institutions
International Financial Institutions Their
common goal is:
to reduce global poverty and improve people’s
living conditions and standards;
to support sustainable economic, social and
institutional development; and to promote
regional cooperation and integration.
Types and Role of International Financial
Institutions
World bank
a.To end extreme poverty.
b.To promote shared prosperity.
Types and Role of International Financial
Institutions