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Introduction and Economic Globalization

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Gwyneth Pearl Valdez
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20 views13 pages

Introduction and Economic Globalization

Uploaded by

Gwyneth Pearl Valdez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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CONTEMPO

RARY
WORLD
Prof. Glenda B. Balisi
Definition
Globalization is a
COMPLEX process that
involves many aspects of
life that can be seen in
every corner of society.
This greatly affects human
lives and is seen in every
Globalization culture of the world.
Definition
In the modern world, globalization
has become part of human life.
With the advent of technology,
people have become more
connected. Ideas and information
are now being shared on social
media, and we socialize globally
through the interconnectedness of
Globalization life through technology.
GLOBALIZATION FROM
DIFFERENT
• Globalization as primarily an economic process that
affects PERSPECTIVES
the integration of national products to the
world markets.
• Globalization as the process by which the world,
proviously isolated through physical and
technological distance, becomes increasingly
interconnected.
• It is manifested by the increase in interaction
between people around the world that involves the
ACCORDING TO
MANFRED STEGER
Globalization as..

"the expansion and intensification of social relations and


consciousness across world-time and across world-
space"
creation and multiplication of
Expansion social networks

acceleration of these
Intensification
networks
PHILOSOPHIES OF THE
VARYING DEFINITIONS OF
GLOBALIZATION
Globalization is about the Liberalization and Global
Integration of Markets
• Anchored in the neo- liberal idea of the self- regulating
market as the normative basis for a future global order.
• FREE- MARKET- bring about greater social integration and
material progress that can only be realized in a democratic
society.
PHILOSOPHIES OF THE
VARYING DEFINITIONS OF
GLOBALIZATION
Globalization is Inevitable and Irreversible
• The spread of irreversible market forces driven by
technological innovations that make the global
integration of national economies inevitable.
PHILOSOPHIES OF THE
VARYING DEFINITIONS OF
GLOBALIZATION
Nobody is in charge of Globalism
• Self- regulating market
• "The great beauty of globalization is not
controlled by any individual, any government, any
institution"
PHILOSOPHIES OF THE
VARYING DEFINITIONS OF
GLOBALIZATION
Globalization benefits everyone on the long run
• Economic growth and prosperity

Globalization furthers the spread of DEMOCRACY in the


• world
Freedom, Free- Market, Free- Trade
ECONOMIC
GLOBALIZATION
The International Monetary Fund regards "Economic
Globalization as a historical process representing the
result of human innovation and technological progress.

It is characterized by increasing integration of


economies around the world through the movement
of goods, services, capital across borders.
THE MODERN WORLD
SYSTEM
• Immanuel Wallerstein's analysis focused on the
broad economic ertity with a division of labor that
is not circumscribed by political or cultural
boundaries.
• The world is divided according to their economic
power.
• It relies on economic domination and economic
WORLD SYSTEM
THEORY OF
CORE WALLERSTEIN
SEMI- PERIPHERY
PERIPHERY
Countries that Provide raw
Encompasses a set
dominate the
of regions materials to the
capitalist world-
economy and exploit
somewhere core and are
the rest of the between exploting heavily
and the exploited.

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