The Contemporary World JUANITO G. YABUT JR CAS Instructor
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Lesson 1: Globalization Globalization…. • Exchange information and goods in an easy way. • Represents the global integration of international trade, investment, information technology, and cultures. World Health Organization define Globalization: "the increased interconnectedness and interdependence of peoples and countries, is generally understood to include two inter- related elements: 1. The opening of international borders to increasingly fast flows of goods, services, finance, people and ideas; 2. The changes in institutions and policies at national and international levels that facilitate or promote such flows. Globalization… • “As the inexorable integration of markets transportation systems, and communication systems to a degree never witnessed before - in a way that is enabling corporations, countries, and individuals to reach around the world famer, faster, deeper, and cheaper than ever before, and in a way that is enabling the world to reach into corporations, countries, and individuals farther, faster, deeper, and cheaper than ever before". (Thomas Friedman) Globalization… • “The term globalization should be used to refer to a set of social processes that are thought to transform our present social condition into one of globality”. (Manfred Steger )