Globalization Concepts PDF

Chapter 1- globalization concept Chapter 2 lesson 1- Global Economy lesson 2- Market Integration lesson3- The Global Interstate System lesson4- Contemporary Global Governance Chapter 3 lesson 1- The World’s of Region lesson 2- Asian Regionalism CHAPTER 1 GLOBALIZATION CONCEPTS GLOBAL ECONOMIC...

Chapter 1- globalization concept Chapter 2 lesson 1- Global Economy lesson 2- Market Integration lesson3- The Global Interstate System lesson4- Contemporary Global Governance Chapter 3 lesson 1- The World’s of Region lesson 2- Asian Regionalism CHAPTER 1 GLOBALIZATION CONCEPTS GLOBAL ECONOMIC THIS IS A SITUATION IN WHICH ONE NATION ASSUMES ECONOMIC POWER OR IMPERIALISM INFLUENCE OVER THE OTHERS 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 ECONOMIC PROCESS OF INTEGRATION THAT HAS SOCIAL AND CULTURAL ASPECTS, IT IS THE INTERCONNECTEDNESS OF PEOPLE AND BUSINESS ACROSS THE WORLS THAT EVENTUALLY LEAD TO GLOBAL, CULTURAL, POLITICAL, AND ECONOMIC INTEGRATION. IT IS THE ABILITY TO MOVE AND COMMUNICATE EASILY WITH OTHERS ALL OVER THE WORLD IN ORDER TO CONDUCT BUSINESS INTERNATIONALLY. IT IS THE FREE MOVEMENT OF GOODS, SERVICES, AND PEOPLE ACROSS THE WORLD IN A SEAMLESS INTEGRATED MANNER. IT IS THE LIBERALIZATION OF COUNTRIES OF THEIR IMPACT PROTOCOLS AND WELCOME FOREIGN INVESTMENT INTO SECTORS THAT ARE THE MAINSTAYS OF ITS ECONOMY IT REFERS TO COUNTRIES ACTING LIKE MAGNETS ATTRACTING GLOBAL CAPITAL BY OPENING UP THEIR ECONOMIES TO MULTINATIONAL CORPORATIONS MARTIN ALBROW AND “GLOBALIZAYION AS PROCESS BY WHICH THE PEOPLE OF THE WORLD ARE ELIZABETH KING INCORPORATED INTO A SINGLE WORLD SOCIETY” ANTHONY GIDDENS (THE “GLOBALIZATION AS THE INTENSIFICATION OF WORLDWIDE SOACIAL CONSEQUENCE OF RELATIONS WHICH LINK DISTANT LOCALITIES IN SUCH A WAY THAT LOCAL MODERNITY) HAPPENINGS ARE SHAPED BY EVENTS OCCURING MANY MILES AWAY AND VICE VERSA” PROF. ROLAND ROBERTSON GLOBALIZATION AS THE COMPRESSION OF THE WORLD AND THE (SOCIOLOGY), 1992, INTESIFICATION OF THE CONSIOUSNESS OF THE WORLD AS A WHOLE” UNIVERSITY OF ABERDEEN CHARACTERSITICS OF 1. THERE IS SOCIAL MOBILITY OF MOVEMENT OF PEOPLE REGARDLESS GLOBALIZATION OF REASON 2. THERE IS AN INTENSIFICATION OF INTERACTIONS 3. IT’S AN ACTIVE PROCESS 4. BORDERLESS INTERACTION 5. SPREAD OF IDEAS, KNOWLEDGE, TECHNOLOGY, CULTURE, RELIGION, ETC. HISTORICAL FOUNDATION - BEFORE THE AGE OF DISCOVERY OF THE TERM - AGE OF DISCOVERY “GLOBALIZATION” - 1820’S - 1900’S - 20TH CENTURY 1897 CHARLES TASE RUSSEL (WATCH TOWER BIBLE AND TRACT SOCIETY) COINED THE TERM CORPORATE GIANTS, REFERRING TO A LARGE NATIONAL TRUST AND OTHER LARGE ENTERPRISES OF THE TIME 1930 THE WORD “GLOBALIZE” AS A NOUN APPEARED IN A PUBLICATION ENTITLED “TOWARDS NEW EDUCATION” WHERE IT DENOTED A HOLISTIC VIEW OF HUMAN EXPERIENCE IN EDUCATION LATE 1970’S GLOBALIZATION WAS COINED EARLY 1981 GLOBALIZATION WAS USED AS AN ECONOMIC SENSE LATE 1980’S GLOBALIZATION WAS POPULARIZED BY THEODORE LEVITT LATE 2000’S THE IMF IDENTIFIED FOUR BASIC ASPECT OF GLOBALIZATION 2013 THE GLOBALIZATION WAS USED TO DEFINE “BORDERLESS SOCIETY” 2017 GLOBALIZATION WAS OFTEN USED IN THE ACADEME 2018 GLOBALIZATION WAS NOE USED IN ALL DISCIPLINES INDICATORS OF INTERDEPENDENCE OF COUNTRIES IN DIFFERENT SOCIAL ASPECTS GLOBALIZATION ADVANCEMENT OF SCIENCE, TECHNOLOGY ETC ENVIRONMENTAL ISSUES ACROSS BORDERS ECONOMIC GLOBALIZATION, AND POLITICAL GLOBALIZATION NATURE OF GLOBALIZATION A CONGLOMERATE OF VARIOUS MULTIPLE UNITS LOCATED IN DIFFERENT PARTS OF THE GLOBE WHICH ARE LINKED BY COMMON OWNERSHIP MULTIPLE UNITS DRAW A COMMON POOL OF RESOURCES SUCH AS MONEY, CREDIT, INFORMATION, PATENTS, TRADE NAMES AND CONTROL SYSTEMS. THE UNITS RESPONDS TO SOME COMMON STRATEGY. PRODUCT PRESENCE IS IN DIFFERENT MARKETS OF THE WORLD. HUMAN RESOURCES ARE HIGHLY DIVERSE. TRANSACTIONS INVOLVING INTELLECTUAL PROPERTIES SUCH AS COPYRIGHTS, PATENTS, TRADEMARKS, AND PROCESS TECHNOLOGIES ARE ACROSS THE GLOBE REASONS FOR RAPID SHRINKING OF TIME AND DISTANCE ACROSS THE GLOBE. ONE GLOBALIZATION CAN EASILY CROSS THE BRIDGE GOING TO THE OTHER SIDE OF THE MARKET PLACE DUE TO ADVANCE TOOLS OF TECHNOLOGY THAN BEFORE DOMESTIC MARKETS ARE NO LONGER RICH AS A CONSEQUENCE OF MANY INTERLOCKING FACTORS COMPANIES AND INSTITUTIONS GO GLOBAL TO FIND POLITICAL AND ECONOMIC STABILITY WHICH IS RELATIVELY GOOD IN OTHER COUNTRIES THAN THE COUNTRY OF ORIGIN TO GET TECHNOLOGICAL AND MANAGERIALKNOW-HPW OF OTHER COUNTRIES DUE TO THEIR ADVANCEMENT IN SCIENCE, TECHNOLOGY, EDUCATION, HEALTH, AND OTHER FIELDS OF DISCIPLINE TO REDUCE HIGH TRANSPORTATION COSTS IF ONE GOES GLOBALLY USING THE ADVANCE TOOLS OF COMMUNICATION AND INFORMATION TO BE CLOSE TO RAW MATERIALS AND TO MARKETS FOR THEIR FINISHED PRODUCTS WHICH ARE NOT AVAILABLE IN THE COUNTRY OF ORIGIN 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 STAGE 1 – THE FIRST STAGE IS THE ARM’S LENGTH SERVICE ACTIVITY OF AN ESSENTIALLY DOMESTIC COMPANY/INSTITUTION WHICH MOVES INTO NEW MARKET OVERSEAS BY 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 COMPAMY/INSTITUTION MOVES TO A FULL INSIDER POSITION IN THESE MARKETS SUPPORTED BY A COMPLETE BUSINESS SYSTEM INCLUDING RESEARCH AND DEVELOPMENT (R&