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Introduction to-WPS Office

This document provides an introduction to globalization, including defining key terms, outlining the historical foundations and stages of globalization, and examining the dynamics of local and global cultures in a globalized world. It discusses competing conceptions of globalization and aims to establish a working definition. Key points covered include the increasing economic, cultural and political integration between countries over time due to growing international flows of money, ideas and culture, as well as the five stages of globalization processes within companies.

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Johnpaul Bacalso
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20 views

Introduction to-WPS Office

This document provides an introduction to globalization, including defining key terms, outlining the historical foundations and stages of globalization, and examining the dynamics of local and global cultures in a globalized world. It discusses competing conceptions of globalization and aims to establish a working definition. Key points covered include the increasing economic, cultural and political integration between countries over time due to growing international flows of money, ideas and culture, as well as the five stages of globalization processes within companies.

Uploaded by

Johnpaul Bacalso
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Introduction to

Globalization
——
Topics
1.1 Defining Globalization
1.2 Historical Foundation
1.3 Dynamics of Local And Global Cultures
1.3 Nature of Globalization
1.4 Reasons and Stages of Globalization
1.5 Historical Foundation
Objectives
At the end of this leason, the student should
be able to..

• Differentiate the competing conceptions


of globalization;
• Identifying the underlying philosophies of
the varying definitions of globalization;
and,
• Agree on a working definition for the
course.
Definition of globalization
There are many varying definitions of the term
globalization. These are as follows:

1. Globalization is the increasing interaction of people,


states, or countries through the growth of the international
flow of money, ideas, and culture. Thus, globalization is
primarily focused on economics process of integration that
has social and cultural aspects.

2. This is the interconnectedness of people and business


across the world that eventually lead to global, cultural,
political, and economics integration.
3. It is the ability to move and communicate easily with others
all over the world in order to conduct business internationally.

4. It is the free movement of goods services, and people


across the world in a seamless and integrated manner,

5. It is the liberazation of countries of their impact protocols


and welcome foreign investment into sectors that are the
mainstays of its economy.

6. It refers to countries acting like magnets attracting global


capital by opening up their economics to multinational
corporation .
Historical foundation
Though many scholars place the origin of
the globalization in modern times, others trace its
history long before the europian age of discovery
and voyages to the new world, some even to the
third mellennium BC. Large scale globalization
begun in the 1820s. In the late 19th century and
early 20th century, the connectivity of the world's
economies and culture grew very quickly.
In 1997, Charles Taze Rossell ( of the watch tower bible and
tract society) coined a related term, corporate giants. These
terms refer to the largely national trusts and other large
interprises of the time.

In 1930, the word " Globalize " as a noun appeared in a


publication intitled Towards New Education where it
denoted a holistic view of human experiece in education.

In the late 1970's, the word "globalization " was coined. In


2013, this term was used to mean " borderless society"
referring to international migration.
In the early part of 1981, the term "globalization" had been used in its
econimic sense however, in the late half of the 1980's, Theodore Levitt
populirized the term "globalization" by bringing it into the mainstream
business audience.

Lately in 2000, the international monitary fund (IMF) Identified four (4)
basic aspects of globalization: (1) trade and transaction; (2) capital and
invesment movement; (3) migration of knowledge (4) dissemination.

It is only in 2017 with the word "globalization" was oftenly used in


teaching, in discussion, in meetings and conferences, in lectures and so
on. This time 2018 the phenomenon of globalization os now on full
swing in all academic disciplined.
Nature of Globalization
Globalization is a conglomerate of various multiple units
located in the different parts of the globe which are linked by
common honorship. The multiple limits draw on parts of the
globe but all linked by common honorship. Multiple units
draw on a common pool of reasources, such as money,
credit, information, patents, trade names and contorl system.
The units responds to some common strategy. Product
presence is in different markets of the world. Human
reasources are highly diverse. Transactions involving
intellectual properties such as copy rights, patents,
trademarks, and process technologies are across the globe.
Reasons for globalization
Why do we have to globalize specially at this contemporary world
questions
Here are the reasons :

1. Rapid shringking of time and distance across the globe. One can
easily cross the bridge going to the other side of the market place
due to advance tools of technology than before.

2. Domestic markets are no longer rich as a consequence of many


interlacking factors.

3. Companies and institution go global to find political and economic


stability which is relatively good in other countries than the country
for origin.
4. To get technological and managerial know-how of other countries
due to their advancement in science,technology,education,health,and
other fields of discipline.

5.To reduce high transportation costs if one goes globally using the
advance tools of communication and information.

6.To be close to raw materials and to markets for their finish products
which are not available in the county of origin.

7. The creation of the WORLD TRADE ORGANIZATION (WTO) had


made it possible in stimulating increased cross border trade. There
are other world bodies like the UN and several arbitration bodies
where countries agree.
Stages of Globalization
There are five (5) stages of globalization. These are:
Stage 1
The first stage is the arm's length service activity of an essentially
domestic company/institution which moves into new market overseasby
linking up with local dealers and distributors.

Stage 2
In this stage, the company/institution takes over these activities on its
own.

Stage 3
In this stage, the domestic-based company institution begins to carry
out its own manufacturing marketing and sales in key foreign markets.
Stage 4
In this stage, the company/institution moves to a full insider position in
these markets supported by a complete business system including
Research and Development (R & D) and engineering. However, the
headquarters mentally continues to dominate.

Stage 5
In this stage, the company/institution moves towards a genuinely global
mode of operation. In thus stage, global localization happens, that is, the
company/institution serves local customers in markets around the globe
responding to their needs. This requires an organizational transition i.e.
the company must denationalize its operations and create a system of
values shared by global managers
Thank you
——
Click here to add the text, the text is the refinement of your thought,
and please try to explain the point of view as succinctly as possible.

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