Chapter 1 Lesson 5- Drivers of Globalization.pptx

Globalization

1. The contemporary world Lesson 5: Drivers Globalization

2. CHAPTER 1 UNDERSTANDING GLOBALIZATION 2 Learning Objectives At the end of the chapter, the students are expected to: Define the concept of globalization; Discuss the importance of studying the concept of globalization; Describe the prevailing perspectives on globalization; Identify and explain the different drivers of globalization; and Identify and explain the important dimensions of globalization.

3. Chapter 1: Understanding globalization PART 3: ABSTRACTION 3 Drivers of Globalization

4. HISTORY OF Globalization 4 TWO Different perspectives GLOBALIZATION 1. Established by the Early Civilization in the World 2. Established thru unpredicted growth in 19 th and 20 th Century (according to WTO)

5. 5 WORLD TRADE ORGANIZATION (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments. 2. Established through unpredicted growth in 19 th and 20 th Century

6. 6 WORLD TRADE ORGANIZATION Argues that globalization is primarily influenced by three (3) REMARKABLE EVENTS that accelerated the development of several countries in the contemporary world, such as A. POLITICAL DEVELOPMENT B. TECHNOLOGICAL INNOVATION C. ECONOMIC POLICIES 2. Established through unpredicted growth in 19 th and 20 th Century

7. PART 3: ABSTRACTION 7 A. POLICITCAL DEVELOPMENT The most complex drivers of globalization according to WTO since it polarized the countries into 1 st , 2 nd , 3 rd World. It transcends the technological innovations and economic policies drivers of globalization.

8. PART 3: ABSTRACTION 8 A. POLICITCAL DEVELOPMENT Andrew Heywood (2011) Emphasized the driver of political developments through the discussions of global politics that is typified by the emergence of new actors on the world stage, increased interdependence and interconnectedness among several states, and the trend towards global governance.

9. PART 3: ABSTRACTION 9 A. POLICITCAL DEVELOPMENT Andrew Heywood (2011) The rise of international institutions like transnational corporations and non-governmental organizations contributed significantly to the intensification of globalization. The growth in the interdependence and interconnectedness of states inflated the process of globalization among the different regions in the world.

10. PART 3: ABSTRACTION 10 A. POLICITCAL DEVELOPMENT Global Cooperation The act of all countries working together to accomplish global issues and missions. The missions and issues of global cooperation are environment, poverty, war, diseases, extinct animals so on and so forth.

11. PART 3: ABSTRACTION 11 A. POLICITCAL DEVELOPMENT Global Cooperation Some of the organized organizations with the help of global cooperation, ex. United Nations Organization, International Monetary Fund, World Trade Organization, and European Union

12. PART 3: ABSTRACTION 12 A. POLICITCAL DEVELOPMENT Global Cooperation Some of the impetus actions with the help of global cooperation, ex. Cuban Missile Crisis, the Korean War, the Removal of the Berlin Wall, and the collapse of the Soviet Union.

13. PART 3: ABSTRACTION 13 B. TECHNOLOGICAL INNOVATION According to the World Trade Organization, this driver produced the most significant contribution to the process of globalization.

14. PART 3: ABSTRACTION 14 B. TECHNOLOGICAL INNOVATION The invention of several technologies in the communication and transportation sectors contributed to the flow of goods and services among the different countries in the world.

15. PART 3: ABSTRACTION 15 B. TECHNOLOGICAL INNOVATION Samarjit Kar and Suchista Roy (2015) In the article, “Globalization of Technological Innovation: Challenges and Opportunities” Argues that technological innovation played an important function in popularizing the practice of globalization. Invention of “airplanes, telephones, computers, mobile satellites, internet, and other superior technologies.

16. PART 3: ABSTRACTION 16 B. TECHNOLOGICAL INNOVATION Samarjit Kar and Suchista Roy (2015) In the article, “Globalization of Technological Innovation: Challenges and Opportunities” Technology, intensifies the process of diffusing knowledge or ideas to several countries, giving globalization a distinct personality in this ever-changing world.

17. PART 3: ABSTRACTION 17 B. TECHNOLOGICAL INNOVATION Samarjit Kar and Suchista Roy (2015) In the article, “Globalization of Technological Innovation: Challenges and Opportunities” Argued that the flow of technological innovation increases the possibility of cooperation and competition among several countries in the modern world. Technological innovation fosters cooperation in combating critical international issues and encourages competition in creating extraordinary products and services.

18. PART 3: ABSTRACTION 18 B. TECHNOLOGICAL INNOVATION World Trade Organization (WTO) Argued that Technological Innovation pushed society to rapidly transform. Technologies that speed up transportation and communication intensify the rapid transformation of globalization. Transportation and communication are the striking innovations of the modern time.

19. PART 3: ABSTRACTION 19 B. TECHNOLOGICAL INNOVATION Major Accomplishments of the 19 th and 20 th Century Micro-processors, Cellular Phones, and Computers

20. PART 3: ABSTRACTION 20 C. ECONOMIC POLICIES Pushes globalization to a new level. Enable the movement of goods and services to flow freely beyond national boundaries.

21. PART 3: ABSTRACTION 21 C. ECONOMIC POLICIES States begin from a purely STATE-CENTRIC ECONOMIC TRANSACTION. State-centered theory (or state-centered federalism) is a political theory that stresses the role of the government in civil society. It holds that the state itself can structure political life to some degree, but doesn't facilitate the way power is distributed between classes and other groups at a given time

22. PART 3: ABSTRACTION 22 C. ECONOMIC POLICIES PROF GAO SHANGQUAN “Economic Globalization: Trends, Risks and Risks Prevention.” Highlighted the increased interdependence of several countries through cross-border trade of commodities and services, the flow of international capital, and the rapid spread of technologies.

23. PART 3: ABSTRACTION 23 C. ECONOMIC POLICIES PROF GAO SHANGQUAN “Economic Globalization: Trends, Risks and Risks Prevention.” Among the economic policies are the Removal and reduction of government restrictions on trade; Privatization of state-owned enterprises; and Liberation of various industries.

24. PART 3: ABSTRACTION 24 C. ECONOMIC POLICIES PROF GAO SHANGQUAN “Economic Globalization: Trends, Risks and Risks Prevention.” The elimination of govt. restrictions on trade facilitated the flow of goods and services among trade partners while the privatization of enterprises gave several governments the needed funds or resources to push for more developments. The liberation of various industries created an environment that encourages competition among several players in the market.

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