GEC 211 The Contemporary World: Structures of Globalization PDF

GEC 211 | THE CONTEMPORARY WORLD Structures of Globalization STRUCTURES OF GLOBALIZATION The Global Economy The Global Interstate Market Integration Contemporary Global Governance ECONOMIC GLOBALIZATION Sugden and Wilson (2005), in Botor, Peralta, et al. (2020) is the expa...

GEC 211 | THE CONTEMPORARY WORLD Structures of Globalization STRUCTURES OF GLOBALIZATION The Global Economy The Global Interstate Market Integration Contemporary Global Governance ECONOMIC GLOBALIZATION Sugden and Wilson (2005), in Botor, Peralta, et al. (2020) is the expansion of national economies, the global market driven by modern technologies and institutional setups that promote faster and easier flow of goods and capital ECONOMIC GLOBALIZATION Shanquan (2003), in Botor, Peralta, et al. (2020) “growing scale of cross- border trade of commodities and services” ECONOMIC GLOBALIZATION Sugden and Wilson (2005), in Botor, Peralta, et al. (2020) Focuses on increasing economic trade interrelations among countries Steger, 2010; Al-Rodhan, et al., 2006; Shangquan, 2020; in Botor, Peralta, et al. (2020) Guided by neoliberal principles with the role of the market as a central driver of economic activities with less government interventions Steger, 2010; Al-Rodhan, et al., 2006; Shangquan, 2020; in Botor, Peralta, et al. (2020) ECONOMIC GLOBALIZATION Sugden and Wilson (2005), in Botor, Peralta, et al. (2020) Entails industrial restructuring and readjustments where developed countries play dominant roles Shangquan, 2020; in Botor, Peralta, et al. (2020) ECONOMIC INTEGRATION A critical part of economic globalization A process of combining or increasing the interconnectivity of national economies to the regional or global economies Who are the Actors of the Economic Globalization? International Critical in pushing for neoliberal policies economic organizations Facilitate trade and development discussions Promote regional agreements and standards for better trade and exchange Discuss current economic and political problems and transfer ideas from the forum to national legislation Multinational Considered as the main carriers of globalization companies (MNCs) Estimated at more than 100,000 in 2011, with approximately 900,000 affiliates in foreign countries (World Bank, 2021) Global civil Either composed of individuals or groups of individuals society disadvantaged by the effects of globalization Protests and seeks alternatives to the negative impact of globalization “…organized to promote causes, principled ideas, and norms, and they often involve individuals advocating policy changes that cannot be easily linked to a rationalist understanding of their interests” Keck & Sikking, 1998; in Botor, Peralta, et al., 2020 GEC 211 | THE CONTEMPORARY WORLD Structures of Globalization