Introduction to Globalization PDF

INTRODUCTION TO GLOBALIZATION DR. MARY ANN E. ANTENOR  TOPIC OUTLINE Introduction Historical Development and milestone of Globalization Globalization drivers and forces 2 8/17/2024 Add a footer Developing countries? Globalization Concepts Globalization is...

INTRODUCTION TO GLOBALIZATION DR. MARY ANN E. ANTENOR  TOPIC OUTLINE Introduction Historical Development and milestone of Globalization Globalization drivers and forces 2 8/17/2024 Add a footer Developing countries? Globalization Concepts Globalization is a process of interaction (communication between two) and integration (combining two things) among the people, companies and governments worldwide. It involves exchange of goods, services, knowledge, and culture on a global scale, leading to interconnectedness (connected with each other) and interdependence (being dependent upon one another). The term globalization refers to the interconnectedness of the world’s nations and cultures. It’s been caused and enhanced by international trade, the Internet, e-commerce, wireless communications, and the ease of international travel. 4 8/17/2024  Attributes, Qualities or Characteristics of Globalization Globalization has four characteristics or qualities. 1. It involves both the creation of new social networks and the multiplication of existing connections that cut across traditional, political, economic, cultural, and geographical boundaries. 2. Globalization is reflected in the expansion and the stretching of social relations, activities, and connections. 5 8/17/2024  Attributes, Qualities or Characteristics of Globalization 3. Globalization involves the intensification and acceleration of social exchanges and activities. 4. Globalization forms the compression of the world into a single place called global community. 6 8/17/2024  HISTORICAL DEVELOPMENT The Prehistoric Period The Pre-modern Period The Early Modern Period The Modern Period The Contemporary Period 7 8/17/2024 Add a footer  1. The Prehistoric Period (10000 BCE-3500 BCE)  globalization was severely limited 2. The Pre-modern Period (3500 BCE- 1500 CE)  invention of writing: facilitated the spread of ideas and inventions  invention of wheels: additional roads for transportation 3. The Early Modern Period (1500-1750) Enlightenment and the Renaissance(transition from middle age to modernity) universal form of morality and law  to the capitalist world system helped to strengthen globalization 8 8/17/2024 Add a footer  4. The Modern Period (1750-1970) Innovations in transportation and communication technology  increase of population and migration cultural exchanges and transformation in traditional social patterns 5. The Contemporary Period (from 1970 to present) The creation, expansion, and acceleration of worldwide interdependencies occurred in a dramatic way and it was a kind of leap in the history of globalization. 9 8/17/2024 Add a footer 10 8/17/2024 Add a footer  It began in the 1800s when the steam engine made it possible to produce goods in one location and transport them to another—almost anywhere in the world. Globalization 2.0 and 3.0 followed over the next 100 years as advances in manufacturing and transportation made trade faster and cheaper. While the first three waves of globalization represented the trade of goods, there’s another important component in our economy: the services sector. Until recently, the services sector—including knowledge industries like software development, consulting, design, and marketing—did not experience globalization. Today, however, the digital economy and the ability of companies to hire remote workers have ushered in Globalization 4.0. This wave—for the first time—has moved beyond the buying and selling of goods to include the services industry. 11 8/17/2024 Add a footer 12 8/17/2024 Add a footer 13 8/17/2024 Add a footer 14 8/17/2024 Add a footer 15 8/17/2024 Add a footer 16 8/17/2024 Add a footer 17 8/17/2024 Add a footer 18 8/17/2024 Add a footer  Reflective essay: It was in this world that Chinese president Xi Jinping addressed the topic globalization in a speech in Davos in January 2017. “Some blame economic globalization for the chaos in the world,” he said. “It has now become the Pandora’s box in the eyes of many.” But, he continued, “we came to the conclusion that integration into the global economy is a historical trend. It is the big ocean that you cannot escape from.” He went on the propose a more inclusive globalization, and to rally nations to join in China’s new project for international trade, “Belt and Road”. 19 8/17/2024 Add a footer