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Lesson 1 Introduction To Globalization

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23 views1 page

Lesson 1 Introduction To Globalization

Uploaded by

renzflorentino2
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We take content rights seriously. If you suspect this is your content, claim it here.
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Lesson 1- INTRODUCTION TO GLOBALIZATION

Learning Objectives:

1. Differentiate the competing conceptions of globalization


2. Identify the underlying philosophies of the varying definitions of globalization; and
3. Agree on working definition of globalization for the course

Defining Globalization

Globalization
 It is a global movement towards integration of the economy, finance, commerce and
communication.
 It means opening up local and nationalistic perspectives to a broader view of an interconnected
and interdependent world with free transfers of capital, goods and services across national
borders.
 A word that evokes images of a world where goods and services, capital and information flow
across seamless national borders
 It is a megaphenomenon that shapes the trends of today.

Three ways to Determine Globalization

1. It can be described as factors of production intensification , facilitated by modern means of


transport and communication.
2. In a way that events in one part of the world have immediate effects on distant locations,
globalization can also be defined as a compression of time and space
3. To understand globalization as a material power historical structure

Theories of Globalization

1. The World-Economy Theory (or Hyperglobalisationism)


 The process by which capitalist world- system spreads across the entire globe
 The global marketplace has become so advance and integrated that the nation-state is
becoming obsolete
 Nearly reached geographical limit during the 1990s
 Completion of the process began late in the 1400s and early 1500s by European explorers
 World economy comprises of a single world market and a single, mobile, labor force
 Core Countries

2. The Regional Bloc Theory


 Disagree strongly with hyperglobalist
 Single world market exist
 The growing internalization of trade and investment is the growth of regional economic blocs
 The growth of regional trading blocs: benefited some countries

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