Introduction to Globalization

Study Notes

Globalization involves the spread of people, ideas, and goods globally, increasing interaction between various cultures, governments, and economies.
It is driven by international trade, investment, and advanced information technology, impacting environment, culture, politics, economy, and human well-being.

Creation of new social networks and enhancement of existing connections across political, economic, cultural, and geographical boundaries.
Expansion of social relations and activities globally.
Acceleration of social exchanges and activities, enhancing connectivity.
Involves both objective material changes and subjective shifts in human consciousness, influencing global perspectives while maintaining local identities.

Promotes increased economic growth across nations.
Facilitates cultural exchange and diversity, enhancing global understanding.
Leads to lower prices for goods and services due to expanded markets.
Provides access to the latest technological advancements, benefiting various stakeholders.

Environmental impacts can result from increased industrial activity and consumption.
Economic disparity may grow, with the rich benefiting more than the poor, widening the wealth gap.
Potential rise in unemployment due to competition and outsourcing.

Globalization occurs worldwide, fostering a sense of global citizenship among individuals concerned with global issues.
Intensification and acceleration of social exchanges, illustrated by advancements in communication platforms (e.g., social media, live broadcasts).
Expansion of social relations is seen in regional and international NGOs and multinational companies.
Global connectivity is facilitated through various forms of interaction, enhancing collaboration and information sharing globally.