GEC-105-Module-1.docx

**SAN ISIDRO COLLEGE** Malaybalay City, Bukidnon Philippines Tel. No. (088)813-5541 [www.sic.edu.ph](http://www.sic.edu.ph) **[GEC 105]** **[The Contemporary World]** **[Kenneth D. Secretaria]** --------------------------- ------------------------------------------ ------------------...

**SAN ISIDRO COLLEGE** Malaybalay City, Bukidnon Philippines Tel. No. (088)813-5541 [www.sic.edu.ph](http://www.sic.edu.ph) **[GEC 105]** **[The Contemporary World]** **[Kenneth D. Secretaria]** --------------------------- ------------------------------------------ ----------------------------------------- ----------------------- (Course Code) **(Course Title)** **(Name of Instructor)** **(Name of Student)** **Unit 1 -- INTRODUCTION TO GLOBALIZATION** globalization-face-map-pic "Let me begin with globalization. \[\...\] Narrowly defined, it is meant to mean the instant movement of capital and the rapid distribution of data and products operating within a politically neutral environment shaped by multinational corporate demands. Its larger connotations, however, are less innocent, encompassing as they do not only the demonization of embargoed states or the trivialization cum negotiation with warlords, but also the collapse of nation-states under the weight of transnational economies, capital, and labor; the preeminence of Western culture and economy; the Americanization of the developed and developing world through the penetration of US culture into others as well as the marketing of third-world cultures to the West as fashion, film setting, and cuisine... Its disregard of borders, national infrastructures, local bureaucracies, internet censors, tariffs, laws, and languages; its disregard of margins and the marginal people who live there; its formidable, engulfing properties accelerating erasure, a flattening out of difference, of specificity for marketing purposes. An abhorrence of diversity. We imagine indistinguishability, the elimination of minority languages, minority cultures in its Wake. We speculate with horror on what could be the irrevocable, enfeebling alteration of major languages, major cultures in its sweep. Even if those dreaded consequences are not made completely manifest, they nevertheless cancel out globalism\'s assurances of a better life by issuing dire warnings of premature cultural death." "One day there will be no borders, no boundaries, no flags and no countries and the only passport will be the heart." **[I. Learning Module 1]** **[Globalization]** **** **[September 14-18, 2020]** ---------------------------------------- --------------------------------- --------------------- ----------------------------------------- (Module No.) (Topic) (Week) (Dates)  **II. Introduction** The most important challenges facing the world in the 21^st^ century are associated with globalization, the growing interconnectedness of people and places through converging processes of economic, political, and cultural change. Once distant regions are now increasingly linked together through commerce, communication, and travel. This unit introduces the various definitions of globalization, understand its key features, and familiarize you to a variety of factors which have contributed to the process of globalization, its benefits and disadvantages. **III. Intended Learning Outcomes (ILOs)** At the end of this topic you should be able to: 1. Understand the different definitions of globalization in order to begin to understand the processes of globalization. 2. View a video and develop their own definition of globalization. 3. Understand the key features of globalization. 4. Identify the pros and cons of globalization. **IV. Discussion** **The Meaning of Globalization** Below are further definitions of globalization: **Converging Currents of Globalization** 1. 2. 3. 4. 5. 6. 7. **Factors That Have Contributed to Globalization** 1. The price of transporting goods has fallen significantly, enabling good to be imported and exported more cheaply due to containerization and bulk shipping; 2. The development of the internet to organize trade on a global scale; 3. TNCs have taken advantage of the reduction or lowering of trade barriers; 4. The desire of TNCs to profit from lower unit labor costs and other favorable production factors abroad has encouraged countries to regulate their tax systems to draw in foreign direct investment (FDI); 5. Transnational and multinational companies have invested significantly in expanding internationally; 6. The collapse of communism in the Soviet Union; and 7. The opening of China to world trade. **Advocates and Critics of Globalization** +-----------------------------------+-----------------------------------+ | **Advantages of Globalization** | **Disadvantages of | | | Globalization** | +===================================+===================================+ | - Productivity increases faster | - Millions of workers have lost | | when countries produce goods | their jobs because of imports | | and services in which they | or shifts in production | | have a comparative advantage. | abroad. Most find new jobs | | Living standards can increase | that pay less. | | more rapidly. | | +-----------------------------------+-----------------------------------+ | - Global competition and cheap | - Millions of worker's fear | | imports keep a constraint on | getting laid off, especially | | prices, so inflation is less | at those firms in | | likely to disrupt economic | import-competing industries. | | growth. | | +-----------------------------------+-----------------------------------+ | - An open economy promotes | - Workers face demands of wage | | technological development and | concessions from their | | innovation, with fresh ideas | employers, which often | | from abroad. | threaten to export jobs | | | abroad if wage concessions | | | are not accepted. | +-----------------------------------+-----------------------------------+ | - Jobs in export industries | - Besides blue-collar jobs, | | tend to pay about 15 percent | service and white-collar jobs | | more than jobs in | are increasingly vulnerable | | import-competing industries. | to operations being sent | | | overseas. | +-----------------------------------+-----------------------------------+ | - Unfettered capital movements | - Workers can lose their | | provide workers access to | competitiveness when | | foreign investment and | companies build | | maintain low interest rates. | state-of-the-art factories in | | | low wage countries, making | | | them as productive as those | | | in the developed countries. | +-----------------------------------+-----------------------------------+ (Business Week "Backlash Behind the Anxiety over Globalization," 2000) **V. Activities/Exercises** **Activity/Exercise \# 1:** -------------------------------- My Definition of Globalization -------------------------------- **Activity/Exercise \# 2:** ---------------------------- My Stance on Globalization ---------------------------- **VII: Other Readings and Resources** Salado et al. 2018. The Contemporary World. Philippines: Mutya Publishing House. INC. Yalcin, B. 2018. **What is Globalization. Retrieved from ** **[Mir](https://www.researchgate.net/profile/Usman_Mir), U. et all. 2014. Understanding Globalization and its Future: An Analysis. Retrieved from ** Steger, Manfred B., Paul Battersby, and Joseph M. Siracusa, eds. 2014.The SAGE Handbook of Globalization. Two volumes. Thousand Oaks: SAGE Publications.