GLOBALIZATION
INTRO TO GLOBALIZATION
Globalization: A Contested Concept
Globalization and History
Components of Globalization
United Nations and Its Role in Globalization
Structures: Global Economy
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Globalization
Globalization is the process by which the world,
previously isolated, through physical and technological
distance, becomes increasingly interconnected.
It is manifested by increase in interaction between people
around the world that involves the sharing of ideas, cultures,
goods, services, economic, political, cultural, ideological,
investment, environmental, and processes aided by
information technology.
Globalization first appeared in the 1940s but did not gain
widespread traction until the 1990s.
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It is sometimes mistaken for an unstoppable juggernaut
"americanizing" the world.
However, a more nuanced understanding of the interactions
between the local, national, regional, and global.
Indiscriminate use of the world "globalization" is confusing.
Globalization is a set of social processes that lead to the social
condition of globality, through the growing consciousness of
global connectivity.
There is no consensus on exactly what processes constitute
globalization, but common themes include the creation of
networks, expansion of social relations, and the acceleration
of social exchange.
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Globalization is commonly thought as a new phenomenon, but
contact between diverse individuals is not new.
It began when pre-historic tribes settled and were able to
outmuscle wandering tribes..
the pre-modern period saw technological advances that
allowed trade and communication to flourish.
The early modern period saw the birth of capitalism and
regional markets.
The contemporary era is an area of convergence, with people
coming together through deregulated economic and ICT
systems.
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Economic Globalization
Three (3) Cultural/Social
Components Globalization
Political Globalization
Economic
Globalization
It refers to the widespread international
movement of goods, capital, services,
technology, and information
Economic Globalization primarily comprises
the globalization of:
Production Organizational regimes
Finance Institutions
Markets Corporations
Technology Labor
Economic Globalization
Economic Globalization is one of most often
mentioned in the media
It is associated with massive amounts of
finances traded daily on different stock
markets around the label "New Economy)
In order to monitor the economy, three (3)
economic institutions were created.
1) International
Monetary Fund
The International Monetary Fund (IMF) is
an international organization that
promotes global economic growth and
financial stability, encourages
international trade, and reduces poverty.
2) World Bank
The World Bank is an international organization
dedicated to providing financing, advice, and
research to developing nations to aid their economic
advancement. The bank predominantly acts as an
organization that attempts to fight poverty by
offering developmental assistance to middle- and
low-income countries.
3) World Trade Organization
The WTO is essentially an alternative dispute or
mediation entity that upholds the international rules of
trade among nations. The organization provides a
platform that allows member governments to negotiate
and resolve trade issues with other members. The WTO’s
main focus is to provide open lines of communication
concerning trade among its members.
In the 1980s, neoliberalism liberalized
financial transactions.
The However, this unstable growth led to
the Great Financial Crash, where banks
Economic traded toxic assets without regulation.
Dimension Transnational corporations rival nation-
states in economic power, and have
of had a profound effect on the structure
and function of the global economy.
Globalization The Washington Consensus was
drafted to reform indebted developing
countries, but it has thus far rarely
helped countries developed.
The economic dimension of
The globalization's explore how the
way people have undertaken
Economic economic production has changed.
Dimension The global economic order
of emerged after the World War II,
when the Bretton Woods
Globalization Conference laid the foundations for
the IMF, World Bank, and WTO
