Contemporary World_3_Advantages and Disadvantages of Globalization.pptx

Lesson

1. GE7: CONTEMPORARY WORLD

2. ATTENDANCE ACTIVITY

3. You will stay in this remote island for 2 days and you are only allowed to bring 5 things with you. What would it be

4. explain the necessity of bringing those things with you where those things originated from? where did you purchased those things? what would be the difference if you will decide not to bring those 5 things with you? do you believe that even in a remote island even just for 2 days, outside places might still affect your life? how?

5. GLOBALIZATION WE ARE LIVING IN IT https://www.youtube.com/watch?v=g2Sei7F61U8 https://www.youtube.com/watch?v=DESE8x3p8Z0

6. The term globalization first appeared in Webster’s Dictionary in 1961, from then on many opinions about globalization have nourished.

7. The literature on the definitions revealed that definitions could be classified into:

8. Broad and inclusive Ohmae – globalization means the onset of the borderless world – an example of a broad and inclusive definition. If one uses such, it can include a variety of issues that deal with overcoming traditional boundaries. However, it does not shed light on the implications of globalization die to its vagueness.

9. Narrow and exclusive – these are better justified but can be limiting. In the sense that their application adhere to only particular definitions. Robert Cox – suits best in this type – the characteristics of the globalization tend include the internationalizing of production, the new international division of labor, new migratory movements from south to north, the new competitive environment that accelerates these processes and the internationalizing of the state…making states into agencies of the globalizing world.

10. Ritzer – Globalization is a transplanetary process or a set of processes involving increasing liquidity and the growing multidirectional flows of people, objects, places and information as well as the structures they encounter and create that are barriers to, or expedite those flows.

11. Cesare Poppi – Globalization is the debate and the debate is globalization – One become part and parcel of the other. The literature stemming from the debate on globalization has grown in the alst decade beyond any individual’s capability of extracting a workable definition of the concept. In a sense, the meaning of the concept is self-evident. In another, it is vague and obscure as its reaches are wide and constantly shifting. Perhaps, more than any other concept, globalization is the debate about it.

12. Globalization is reality – it is changing as human society develops. It has happened before and it is still happening today. We should expect it to continue to happen in the future. The future of globalization is more difficult to predict. What we would expect

13. GLOBALIZATION 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. In specifically economic contexts, it refers almost exclusively to the effects of trade, particularly trade liberalization or "free trade"

14. GLOBALIZATION Globalization accepts and advocates the value of free world trade, freedom of access to world markets and a free flow of investments across borders. It stands for integration and democratization of the world’s culture, economy and infrastructure through global investments.

15. GLOBALIZATION can mean: The formation of a global village - closer contact between different parts of the world, with increasing possibilities of personal exchange, mutual understanding and friendship between "world citizens", Economic globalization - "free trade" and increasing relations among members of an industry in different parts of the world (globalization of an industry), with a corresponding erosion of National Sovereignty in the economic sphere.

16. NATURES OF GLOBALIZATION

17. Liberalization : It stands for the freedom of the entrepreneurs to establish any industry or trade or business venture, within their own countries or abroad.

18. Free trade: It stands for free flow of trade relations among all the nations. Each state grants MFN (most favored nation) status to other states and keeps its business and trade away from excessive and hard regulatory and protective regimes.

19. Globalization of Economic Activity: Economic activities are be governed both by the domestic market and also the world market. It stands for the process of integrating the domestic economy with world economies.

20. Liberalization of Import-Export System: It stands for liberating the import- export activity and securing a free flow of goods and services across borders.

21. Privatization: Keeping the state away from ownership of means of production and distribution and letting the free flow of industrial, trade and economic activity across borders.

22. Increased Collaborations: Encouraging the process of collaborations among the entrepreneurs with a view to secure rapid modernization, development and technological advancement.

23. Economic Reforms: Encouraging fiscal and financial reforms with a view to give strength to free world trade, free enterprise, and market forces.

24. SIGNS OF GLOBALIZATION

25. 1. Increase in international trade at a faster rate than the growth in the world economy. 2. Increase in international flow of capital including foreign direct investment.

26. 3. Greater trans-border data flow, using such technologies such as the Internet, communication satellites and telephones 4. Greater international cultural exchange, for example through the export of Hollywood and Bollywood movies.

27. 5. Some argue that even terrorism has undergone globalization. Terrorists now have attacked places all over the world. 6. Spreading of multiculturalism and better individual access to cultural diversity, with on the other hand, some reduction in diversity through assimilation, hybridization, Westernization, Americanization or Sinosization of cultures.

28. 7. Erosion of national sovereignty and national borders through international agreements leading to organizations like the WTO and OPEC. 8. Greater international travel and tourism.

29. 9. Greater immigration, including illegal immigration. 10. Development of global telecommunications infrastructure.

30. 11. Development of a global financial systems. 12. Increase in the share of the world economy controlled by multinational corporations.

31. 13. Increased role of international organizations such as WTO, WIPO, IMF that deal with international transactions. 14. Increase in the number of standards applied globally; e.g. copyright laws.

32. Globalization can be:

33. Cultural globalization - is the transmission of ideas, meanings, and values around the world in such a way as to extend and intensify social relations. This process is marked by the common consumption of cultures that have been diffused by the Internet, popular culture media, and international travel.

34. Economic globalization refers to the increasing interdependence of world economies as a result of growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies (Shangquan, 2000).

35. Industrial Globalization Every country in the world is moving towards specialization. Specialization may be referred to as the phenomenon of producing only that product in which the country has competitive advantage in terms of cost. For example, Singapore specializes in pharmaceutical while the US specializes in military equipment.

36. Therefore, the countries exchange their industrial products, which is known as trade, and fulfill the requirements of their people. Every country of the world today is involved in trade and is depended on some other country one way or the other. The US is the biggest economy in the world and even that is depended on other countries for many of its needs. Hence the industries of the world today are considered to be working not for their native countries but for the world as a whole.

37. Financial Globalization It may be defined as the emergence of worldwide financial markets and better access to external financing for corporate, national and sub-national borrowers. Some projects in the Philippines were sponsored by foreign investors. They may be in the form of international organizations or independent investors. The IMF and the World Bank today give funds to various countries for developmental projects. We may say, that today the financial markets of the world have untied in such a way that finances are easily available throughout the world.

38. Informational Globalization This aspect of Globalization has perhaps had the greatest impact on the world today. Sitting at one end of the world, you can have access to the information available in any other part of the world with just the push of a button. Internet, television, telephone, fax, etc. are some of the inventions that may be considered as a part of the informational Globalization process where the information flow has dramatically increased between geographically remote areas of the world.

39. Social globalization refers to the sharing of ideas and information between and through different countries. In today’s world, the Internet and social media is at the heart of this. Good examples of social globalization could include internationally popular films, books and TV series. The Harry Potter/ Twilight films and books have been successful all over the world, making the characters featured globally recognizable. However, this cultural flow tends to flow from the center (i.e. from developed countries such as the USA to less developed countries). Social globalization is often criticized for eroding cultural differences.

40. Ecological globalization. The effects of globalization in the ecology are still not completely identified, though some studies suggest that the process of globalization has many consequences in our ecology.

41. Globalization and the Politics. Through globalization, political issues such as the rights of women and children are now currently discussed, many laws are now already implemented regarding the issues on the rights of women and children.

42. Globalization with technology. Technology really plays a huge part in the life of every individual. Also through the advancement of technology we can now already communicate with others despite the distance that separate us. And through our technology today, the process of globalization is now taking place much faster.

43. Geographical. Globalization is moving towards the trend of a borderless world. We can now explore different countries without having any dangers.

44. Exit Ticket https://docs.google.com/forms/d/e/1FAIpQLSf303IWxi4jmLan-sDTtVM8vRVSniayDMCs-c_5jHnNtjy5pA/viewform