Introduction To Globalization PDF

Annual Revenue Growth  WHAT DO YOU THINK ARE THE COMMON THINGS AMONG THE DIFFERENT PHOTOS SHOWN? 5 INTRODUCTION TO GLOBALIZATION Lesson 1 | SSP 113 | Prince Klyvn Bon N. Selma, LPT  LEARNING OUTCOMES: -differentiate correctly the competing conceptions of globalizati...

Annual Revenue Growth  WHAT DO YOU THINK ARE THE COMMON THINGS AMONG THE DIFFERENT PHOTOS SHOWN? 5 INTRODUCTION TO GLOBALIZATION Lesson 1 | SSP 113 | Prince Klyvn Bon N. Selma, LPT  LEARNING OUTCOMES: -differentiate correctly the competing conceptions of globalization -identifying the underlying philosophies of the varying definitions of globalization 7  Click to add photo GLOBALIZATION Global movement towards integration of the economy, finance, commerce, and communications  Click to add photo GLOBALIZATION Goods, services, capital, and information flow across seamless national borders  natural consequence of HYPERGLOBALIST’S growing transborder flows, DEFINITION OF the denationalization of GLOBALIZATION national markets, and the rise of a global economy. 10 PRESENTATION TITLE 20XX  SKEPTIC’S Internationalization and DEFINITION OF regionalization GLOBALIZATION 11 PRESENTATION TITLE 20XX TRANSFORMATIONALIST’S DEFINITION OF GLOBALIZATION complex set of interconnecting relationships through which power is mostly exercised indirectly. 12 PRESENTATION TITLE 20XX GLOBAL MARKET PLACE -has become so advanced and integrated that the nation-state is becoming obsolete 13 PRESENTATION TITLE 20XX  CORE COUNTRIES Higher-skill, capital- intensive production, active armed forces, consume much of the profits (e.g US, Britain, France, Germany, Japan) 14 PRESENTATION TITLE 20XX  SEMI-PERIPHERAL COUNTRIES Less dependent on the core than peripheral areas, more diversified economies, and stronger military forces than the peripheral countries (e.g poorer, recently independent colonies) 15  PERIPHERAL COUNTRIES Low-skill, labor-intensive production, and extraction of raw materials, weaker armed forces, weaker economy 16  WORLD-ECONOMY THEORY OR HYPERGLOBALISATION Process by which capitalist world-system spreads across the entire globe 17  GOOD THING BAD THING Market is more rational than Corporate power is less governments could ever be compassionate than governments (most of which are accountable than the population through elections) 18 PRESENTATION TITLE 20XX  REGIONAL BLOC THEORY (GLOBAL SCEPTICISM) Disagree strongly with hyperglobalists Single world market exists The growing internationalization of trade and investment is the growth of regional economic blocs Growth of regional trading blocs: benefited some countries (mainly those within the blocs) and disadvantaged others 19  REGIONAL BLOC THEORY (GLOBAL SCEPTICISM) It is not a reality, but a strategy to extend capitalism: violent protests against globalization No single government or institution guiding the process Capitalism is a worthwhile framework of reference 20  REGIONAL BLOC THEORY (GLOBAL SCEPTICISM) Unquestioning acceptance of capitalism: root of the problem Capitalism emphasizes competition and financial efficiency over care for oppressed and disempowered people 21  REGIONAL BLOC THEORY (GLOBAL SCEPTICISM) -countries within a geographic region form economic alliances to increase their collective economic power and competitiveness in the global market. reducing trade barriers (tariffs, quotas, etc.) and promoting economic cooperation among member countries 22  THIRD WAY THEORY OR TRANSFORMATIONALISM Seeks to find a relationship between economic process occurring at the global and local scales Looks for ways of transforming the powers of the nation-state to cope with pressures of globalization 23  THIRD WAY THEORY OR TRANSFORMATIONALISM Challenges existing institutions to reform/restructure or encourage greater local autonomy 24  MULTINATIONAL CORPORATIONS Focused on vast resources and becoming global carriers of economic activity 25  REFERENCE: Lobo, J.L., Ambida, M.N. & Mesinas, M.M. (2019). The Contemporary World. Books Atbp. Publishing Corp: Mandaluyong City 26