Globalization Lesson 1, 2, 3 PDF

 Globalized Lifestyle. Describe young people’s lifestyle, - Food, media, Fashion, art, movies, and music. _________________________________________________________________ _________________________________________________________________ ______________________________________...

 Globalized Lifestyle. Describe young people’s lifestyle, - Food, media, Fashion, art, movies, and music. _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ _________________________________________________________________  Is there any importance of every nation’s relationship towards economic progress and peace? GLOBALIZATION: - It is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. - Globalization is a term used to describe the changes in societies and the world economy that are the result of dramatically increased trade and cultural exchange. TYPES OF GLOBALIZATION: 1. Economic Globalization 2. Social Globalization 3. Political Globalization 1. Economic Globalization - Economic Countries that trade with many others and have few trade barriers are economically globalized. Freedom of exchange of goods and capital. 2. Social Globalization - A measure of how easily information and ideas pass between people in their own country and between different countries. 3. Political Globalization - The amount of political co-operation there is between countries. CONTRASTING EVIDENCE OF POSITIVE EFFECTS - Increased Income - More employment - Less poverty CAUSES AND EFFECT CAUSES OF GLOBALIZATION 1. Improved Communications 2. Improved Transport 3. Free Trade Agreements 4. Global Banking 5. The Growth of MNCs (Multinational Corporations) EFFECTS OF GLOBALIZATION 1. Changed of Food Supply 2. Division of Labor 3. Less Job Security 4. Damage to the Environment 5. Cultural Impact 6. Increase in anti-Globalization Protests. Let us think about how economic globalization affects the community. The important institutions related to global economy. Discuss what the particular concepts or words mean to you or what you know of them? What is the impact to their community? POSITIVE AND NEGATIVE POSITIVE: Free trade Exchange goods and resources Increased Exports and import Free movement of labor Advantages to both workers and recipient countries. Example. If country experiences high unemployment, there are increased opportunities to look for work elsewhere. This process of labour migration also helps reduce geographical inequality. POSITIVE: Increase in competition Domestic monopolies will try to develop the quality of their products and services. Increased competition in domestic industry Increased Employment-create new jobs. Increase in investiments Investment by multinational companies can play a big role in improving the economies of developing countries. Capital Inflow: creation of firms, leads to increase income levels consumer demand Growth of multinational companies In their pursuit of revenue and profit growth, increasingly global businesses and brands have invested significantly in expanding internationally. POSITIVE: Positively impact education Change of education strategies Use of technology in education Increase of international schools Spread of technology Raise workers skills Environmental issues Economies of scale Many economists believe that there has been an increase in the minimum efficient scale (MES) associated with some industry. Spread of culture Happens when the cultural beliefs and social activities are spread through different ethnicities, religions. NEGATIVE: Free Trade Can Harm Developing Economy Developing countries are hard to compete with developed countries Developing countries are often harmed by tariff protection Poor countries suffering disadvantage (export - import) Concerns in environmental issues Environmental degradation such as: Deforestation Pollution Global Warming NEGATIVE: Negatively impact education -Local schools cannot compete Loss of jobs -Rich nations outsource their manufacturing and white-collar jobs to developing economies Increase in crime -It has led to an increase in activities such as: child labour and hard working conditions. Cultural erosion and diffusion -When the local cultures are lost, the world culture will replace. 3 FLOWS IN THE AGES OF GLOBALIZATION TRADING- Economic exchange and deals between countries. -Global Trading concern Importation and Exportation CAPITAL MOVEMENT- One manifestation of capital movement is foreign investment. -Foreign investment can be categorized as commercial loans, official flows, or foreign direct investment. MOVEMENT OF THE PEOPLE- People can migrate to other countries in search of better employment opportunities. ECONOMIC GLOBALIZATION Is the expansion of national economies, the global market driven by modern technologies and institutional set ups that promotes faster and easier flow of goods and capital (Sugden and Wilson, 2005) GLOBAL ECONOMY- denotes that the economies of various countries are more interconnected from extraction, production, distribution, consumption, to disposal of goods and services (Carfi and Schiliro, 2018) -World economy -Worldwide economy INTERNATIONALIZATION- is about the extension of economic activities of nation states across borders MARKET INTEGRATION- is a process by which economies are becoming more interdependent and interconnected in terms of commodity flows including externalities and spillover of impacts (Genschel and Jacktenfuchs, 2017.) CORPORATION- are private institution that produce or manufacture goods, products, and services for a more expanded market usually at the reach of regions or the world. (Iwan, 2007) Due to increasing market integration, which has two kinds- horizontal and vertical integration HORIZONTAL INTEGRATION- “Combine” and “Join” Horizontal integration happens when a firm gains control of other firms performing similar marketing functions at the same Level in the marketing sequence. VERTICAL INTEGRATION- “sequence” Vertical integration happens when one company owns the operations and products from one stage to the other along the supply chain. GLOBAL INTERSTATE SYSTEM- is an institutional arrangement of governance that addresses regional or globalized issues that go beyond the scope of a nation-state. (Chase-Dunn. 1981) INTERNATIONALISM - Puts emphasis on diversity and celebrates multiculturalism, while globalism focuses more on the economic aspect of the exchanges among countries and society.  GLOBALISM VS INTERNATIONALISM INTERNATIONALISM is defines as political, economic, and cultural cooperation between nations, while GLOBALISM is an ideology based on the belief that flow of people, goods, and information should flow freely across national borders. Thank you!! 