CONWORLD REVIEWER Today’s Pandemic – The fluidity of funds is quite
evident through
MODULE 1: INTRODUCTION TO GLOBALIZATION
Online transactions requiring only money transfers
done electronically.
GLOBALIZATION - Refers to the processes by which
Cultural Bases
more people across large distances become
connected in more different ways.
Visible cultural dimension of globalization
Objective bases or dimensions of globalization: The most expansive of all globalization processes.
1. Economic • Imported goods are regular constructs of
2. Political everyday life
3. Cultural • Lifestyle is no longer dictated by our own wants
and whims but by consumption and use
patterns of communication and leisure
Economic Bases: technologies.
• WE collectively create the type of reality we
Characteristics
want to live in.
1. Liberalization
2. Free Trade
Divers of Globalization:
3. Globalization of Economic Activities
Technology
4. Connectivity
Population Pressure
5. Borderless Globe
6. A Composite Process
Political Bases
7. A Multi-dimensional Process
Visible political dimension of globalization
8. A Top-Down process
The importance of democratization.
9. Global State vs Global Civil Society
• People are more empowered, Governments
lose their influence and authority.
Visible economic dimension of globalization • Importance of Rule of Law
• Proliferation of Representative Governments or
Acquisition through assembly Governments elected by the people or the
electorate.
Production is dispersed globally
• Promotions of Civil Liberties
Multi National Companies (MNCs) activities includes the • Upholding Human Rights
following: • Governments have been more connected
- move jobs through blocs or organizations of states.
- acquire cheap resources MODULE 2: GLOBAL ECONOMY
- sell goods at competitive prices
The Global Economy
For Banking – Electronic flow of Banking and Commerce
can easily be manifested by people using Credit and The economy of the world!
Debit Cards and gadgets that bears the account owner’s
Quick Response or QR Codes for easy transaction.
• The international exchange of goods and services that
is expressed in monetary units of account (money)
The European Union
• Business cycles (expansion and recession)
• An organization of 27 European counties
• Consumer confidence
• Major trading block, combined value of imports and
exports exceed any single county
Exports Vs. Imports • Launched a single European currency, also known as
the Euro
Exports” refers to selling goods and services produced
in the home country to other markets
• Export goods or services are provided to foreign China
consumers by domestic producers The buyer of such
China is a global hub for manufacturing
goods and services is referred to an “importer” who is
based in the country of import, whereas the overseas- • China is also the world’s fastest growing consumer
based seller is referred to as an “exporter. ” market
• Countries take advantages of the cheap labor in China
Import” is any good (e.g., a commodity) or service • It plays a vital role in the international economy
brought in from one country to another country in a
legitimate fashion, typically for use in trade • Accounts for 50% of the world’s GDP growth
• It is a good that is brought in from another country
for sale. Import goods or services are provided to Economic Performance
domestic consumers by foreign producers. An import in
the receiving country is an export to the sending GDP
country. Gross domestic product (GDP) is the
Monetary value of all the finished goods and services
Trade Balance produced within a country’s borders in a specific time
period.
- Trade deficit: A nation spends more on Imports
and the it earns from exports
- Trade surplus: A nation earns more exports and Gross Domestic Product (GDP) Vs. Gross National
then it spends on imports copyrights. Product (GNP)
GDP
Trade War • All income generated within a country
Protectionism regardless of producer nationality
• Excludes income from investments and other
• Tariffs Taxes on imported goods countries
• Subsidies – come in the form of tax credits or direct GNP
payments
• All income generated by a country’s residents
• Quotas regardless of resident location
• Currency manipulation deliberate attempt by a • Excludes income generated by foreign
country to lower its currency value, making exports producers within country borders
cheaper and more competitive
It’s A Global Economy Regionalism
• Nations around the world work on political, social, European Union
and economic conflicts together
• Is a unique economic and political union
• MNC – Multinational corporations between 27 EU countries
• Single and Unified Currency: EURO
• International markets and flow of funds & knowledge • EU’s main economic engine is the single
• We are a planet (we stand together, not divided) market
• When an individual nation prosper, all nations prosper
(and more people buy more products, improving the ASEAN
global economy even more
•
MODULE 3: MARKET INTEGRATION, REGIONALISM, •
AND GLOBAL ECONOMY
•
•
Market Integration
- Market integration occurs when prices among •
different locations or related goods follow similar
patterns over a long period of time.
Regionalism
World Economy
-
• Very important factor for everyone to
consider
• Refers to the world-wide economy
- Is the expression of a common sense of identity • Of all the weapons in the government’s
and purpose combined with the creation and arsenal, monetary policy is by far the
implementation of institutions that express a most powerful.
particular identity and shape collective action • Unfortunately, it is also the most
within a geographical region. imprecise
Global Economy
- World-wide economic activity between MODULE 4: THE GLOBAL DIVIDE
various countries that are considered
intertwined and thus can affect other
DEVELOPED WORLD
countries negatively or positively.
1. Average income per capita generally high.
2. High levels of education.
How will Market Integration affect us? 3. Long life expectancy.
4. Population growth rate per year low
Market integration can often be a very positive 5. The death rate per year low.
situation, especially if the emerging pattern 6. Economic activity in most sectors
regarding pricing is indicative of an increasingly 7. Relatively high level health among the
prosperous economy. Market integration may population .
occur with just about any type of related markets.
Countries belonged in the developed countries :
1. FRANCE
2. UAE
3. JAPAN
4. THE USA
DEVELIPING WORLD
Developing : SOUTH
1. Average income per capita is generally low.
2. Low levels of Education.
3. Shorter life expectancy.
4. Population growth rate per year is quite high.
5. The mortality rate is relatively high.
6. Commodity exports of raw materials, rather than
Processed ingredients.
7. The majority of the population live in rural areas.
8. Poorer levels of health among the population.
9. High unemployment rates.
Countries belonged to the Developing World:
1. BANGLADESH
2. NIGERIA
3. PHILIPPINES
COMMON CHARACTERISTICS
Global South countries (main points):
• Lack of trade
• Reliance on single crop farming
• Low GDP
Global North countries (main points):
• Relatively high GDP
• Abundance of international trade
• Secondary industries
