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Questions and Answers
What does the term 'globalization' primarily describe?
What does the term 'globalization' primarily describe?
- The isolation of cultures due to technological advancements.
- The decline of world capitalism in favor of local systems.
- The growing interdependence of economies, cultures, and populations. (correct)
- The increase in national economies independent of global markets.
According to the Global Capitalism perspective, globalization is viewed as:
According to the Global Capitalism perspective, globalization is viewed as:
- A return to local economies.
- A reaction against technological changes.
- A temporary phase of economic integration.
- An extension of pre-existing capitalist structures. (correct)
Which perspective emphasizes technology as the driving force behind globalization?
Which perspective emphasizes technology as the driving force behind globalization?
- The Cultural Isolation Theory.
- Global Capitalism.
- The Network Society of Thought. (correct)
- The Economic Resilience Theory.
What concept does Giddens associate with globalization?
What concept does Giddens associate with globalization?
How is 'globalization' related to local happenings according to Robertson?
How is 'globalization' related to local happenings according to Robertson?
What is the primary focus of world-systems analysts in the context of modernity and globalization?
What is the primary focus of world-systems analysts in the context of modernity and globalization?
According to Amartya Sen's argument, what is most important for determining an individual's status as poor or non-poor?
According to Amartya Sen's argument, what is most important for determining an individual's status as poor or non-poor?
What percentage of world income did trade account for by 1913?
What percentage of world income did trade account for by 1913?
Which of the following is NOT listed as an economic development factor?
Which of the following is NOT listed as an economic development factor?
What does the term 'money in motion' refer to in the context of economic systems?
What does the term 'money in motion' refer to in the context of economic systems?
What is generally seen as a challenge to economic development?
What is generally seen as a challenge to economic development?
Which aspect is emphasized as an interdependent relationship in economic systems?
Which aspect is emphasized as an interdependent relationship in economic systems?
Which statement reflects a misconception about economic growth?
Which statement reflects a misconception about economic growth?
What is the primary driver of transnational processes and practices?
What is the primary driver of transnational processes and practices?
How does the World Systems theory view globalization?
How does the World Systems theory view globalization?
Which term describes the multiple ties connecting different nations across various domains?
Which term describes the multiple ties connecting different nations across various domains?
What aspect of globalization is emphasized by the Global Culture paradigm?
What aspect of globalization is emphasized by the Global Culture paradigm?
What common understanding of globalization is provided by Steger?
What common understanding of globalization is provided by Steger?
What concept is linked to the effectiveness in responding to political issues according to globalization theories?
What concept is linked to the effectiveness in responding to political issues according to globalization theories?
Which of the following best captures the essence of the 'global village' as described by Marshall McLuhan?
Which of the following best captures the essence of the 'global village' as described by Marshall McLuhan?
Which of the following is NOT typically regarded as a component of transnational processes?
Which of the following is NOT typically regarded as a component of transnational processes?
What does Steger mean by the term 'globality'?
What does Steger mean by the term 'globality'?
How does Freeden describe the role of decontestation in the formation of thought systems?
How does Freeden describe the role of decontestation in the formation of thought systems?
What are 'core claims' in the context of Steger's discussion?
What are 'core claims' in the context of Steger's discussion?
According to Steger, what is a significant outcome of effective decontestation structures?
According to Steger, what is a significant outcome of effective decontestation structures?
What is the primary characteristic of globalization as viewed by Steger?
What is the primary characteristic of globalization as viewed by Steger?
What has been a historical contributor to economic globalization?
What has been a historical contributor to economic globalization?
Which ancient trade route is often cited as an example of early globalization?
Which ancient trade route is often cited as an example of early globalization?
What does economic globalization primarily extend to among nations?
What does economic globalization primarily extend to among nations?
What aspect does Fernand Braudel’s concept of 'long duration' focus on?
What aspect does Fernand Braudel’s concept of 'long duration' focus on?
Which combination of elements is essential for the production of varied goods and services?
Which combination of elements is essential for the production of varied goods and services?
Economic globalization includes the movement of which of the following?
Economic globalization includes the movement of which of the following?
How long has the existence of the current global system been posited to last?
How long has the existence of the current global system been posited to last?
Which of the following best describes the concept of economic interdependencies among nations?
Which of the following best describes the concept of economic interdependencies among nations?
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Study Notes
Historical Context of Globalization
- Slow emergence of globalization traced back to the birth of long-distance trade in the sixteenth century.
- Economic and noneconomic factors create interdependent relationships vital for historical analysis.
Economic Indicators and Their Impact
- Key economic factors include stable prices, inflation, unemployment, poverty, and debt.
- Human Development Index (HDI) serves as a crucial metric for assessing development and quality of life.
Amartya Sen's Economic Perspective
- Sen's "capability function" emphasizes the importance of assessing poverty through individual capabilities, rather than mere income levels.
- By 1913, global trade contributed 16-17% of world income, highlighting its significance in economic assessments.
Definitions of Globalization
- Globalization characterized as growing interdependence among nations due to trade, technology, and information flow.
- Defined by technological changes that compress time and space, enhancing global connectivity.
Theoretical Paradigms of Globalization
- World Systems perspective views globalization as a historical process, not a recent phenomenon.
- Global Capitalism sees it as a distinctive phase in the evolution of capitalism, emphasizing the relationship between capital and globalization.
- The Network Society perspective posits that technology drives globalization, altering social relations and interactions.
Concept of Time-Space Distanciation
- Giddens defines globalization as the intensification of social relations that connect distant localities.
- Multiple local happenings are influenced by global events, indicating a reciprocal relationship.
Transnationalism
- Transnational processes involve various ties crossing national borders, integrating economic, political, and cultural elements.
- Transnationalism serves as an umbrella term for the complex interactions among communities at local and global levels.
Global Culture
- Emphasizes distinctiveness and complexity, highlighting cultural flows resulting from globalization.
- Morphological sophistication affecting global political issues illustrates the relevance of cultural identity within globalization.
Common Understandings of Globalization
- Steger identifies globalization as a process, condition, or ideology, shaping interconnections across borders.
- As a process, it creates social interdependencies and enhances awareness of global-local connections.
'Globality' as a Future Condition
- Term indicates thick economic, political, and cultural interconnections rendering traditional borders irrelevant.
- Collective decision-making and interconnected global flows characterize this anticipated future.
Economic Globalization
- Defined as a historical process driven by innovation and technology, leading to the integration of global economies.
- Involves movement of goods, services, capital, people, and knowledge across international borders.
Historical Examples of Globalization
- Archaic globalization exemplified by the Silk Road, connecting Asia, Africa, and Europe over 5,000 years ago.
- Concepts like Fernand Braudel's 'long duration' highlight the historical depth of economic interconnectedness.
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