Globalization
it usually refers to the integration of the national markets to a wider global market signified by the increased free trade
globalization
he describes the process of globalization as the expansion and intensification of social relations and consciousness across world time and across world space
manfred steger
according to manfred steger
it refers to both the creation of new social networks and the multiplication of existing connections that cut across traditional political economic cultural and geographic boundaries and these various connections occur at different levels
expansion
according to manfred Steger
it refers to the expansion, stretching and acceleration of this networks. not only our global connections multiplying, but they are also becoming more closely neat and expanding their reach.
intensification
his final attribute of globalization is that it is a processes that do not occur merely at an objective, material level but they also involve the subjective plane of human consciousness.
Manfred Steger
globalization works to each country through the ___ and the __ because the international law is created and enforced.
world trade organization
united nation
what type of capital in economics are the things made by man and when consumer used it it would produce new product.
physical capital
what type of capital in economics is the human skills knowledge effort that produces new product or service
human capital
what is the biggest influence of globalization or cause
technology
it is the intergovernmental organization of iceland, Liechtenstein, norway, and switzerland. it was set up in 1960 by its then seven members states for the promotion of free trade and economic integration between its members
european free trade area (EFTA)
for them
-globalization serves as a challenge to nation states.
-it's strengthens regional blocks like EU, ASEAN(MEMBER PH,), UN
-each country is entitled to exploitation of human natural resources for its own growth
political scientist
for them,
globalization means increase of free trade
speed of trade
global economic organization and regional trade blocks
for an economist
for them
-globalization refers to the concept of global village (everyone is affected and should care)
-borderless world
-communication and technology makes the world shrink
-media connected the world in many ways that created global village
for culture and communications experts
who was the first person to use the word "global village"
McLuhan 1960's
for them globalization is referred to as cultural imperialism
-better culture (dominant culture)
-superior -inferior
cultural globalization is the spread of popular culture that flows from dominant to non-dominant cultures.
culture and communications experts
what kind of definition globalization refers to the as the expansion and intensification of social relations and consciousness across world-time and world-space
the working definition of globalization (used by everyone)
4 attributes of globalization
these forms enabled by various factors, pressures, or media, affect different degrees of interconnection.
NGOs, sister city relationships, government associations, multinational companies
.
global citizens
globalization has various forms of connectivity (economic, political, or cultural)
globalization allows for the expansion and stretching of social relations
globalization intensifies and accelerates social exchanges and activities
globalization occurs worldwide
advantages of globalization in the philippines
-it can have more opportunities to increase and employment
-it helps the philippines education to improve more
-it improves the flow of information technology
-it improves the quality of goods and services
what are the disadvantages of globalization in the philippines
people tend to be lazy and not productive because of the modern technology it has to give
in terms of filipino who works abroad there are many filipinos workers who have faced many problems and
they are stranded to a foreign country and far away from the support of the philippine government
lack of filipino traditions and values that young filipinos do not appreciate and they don't even practice it to their daily life. they become more familiar with western mentality than being a pure filipino.
destruction of the philippines environment and the effect on human nature.
what are the five cores of globalism
globalization is about the liberalization (free trade) and global integration of markets
globalization is inevitable and irreversible
nobody is in charge of globalization
globalization benefits everyone
globalization furthers the spread of democracy in the world
what economic organization was originally envisioned as a "lender of last resort" for countries experiencing economic crisis. now however it's conditions assistance on neoliberal reforms that exacerbate poverty
international monetary fund IMF
what economic organization mission is to eradicate poverty by loaning poor countries money for economic development, but these loans often come with demands of economic liberalization
world bank
what economic organization is intergovernmental organization that sets and enforces the rules of international trade. it has become a target of civil societies criticism over its opaque and democratic operating procedures and neoliberal ideology.
world trade organizations (WTO)
what economic organization is to seek increase asean's competitive edge as a production based in the world market through the elimination within asean of tariffs and non tariff barriers and attract more foreign direct investment to asean
asean free trade (AFTA)
what economic organization it is a free trade agreement (FTA) designed to liberalize trade and investment between 12 pacific rim countries new zealand australia brunei darussalam canada chile japan malaysia mexico pero singapore the united states and vietnam
trans-pacific partnership (FTA)
what economic organization stresses the need for a strong social dimension to globalization and gives the ilo that responsibility to examine all international economic and financial policies in the life of the fundamental objective of social justice
international labor organization (ILO)
what are the benefits of globalization in world economies
foreign direct investment (FDI) tends to increase at a much greater rate than the growth in world trade helping boost technology transfer, industrial structureing, and the growth of global companies
foreign direct
what benefits of globalization in world economies
increase competition from globalization help stimulate new technology development particularly with the growth in fdi which helps improve economic output but making processes more efficient
technological innovation
what benefit of globalization in world economies
globalization enables large companies to realize economies of scale that reduce costs and prices, which intern supports further economic growth. however this can hurt many small businesses attempting to compete domestically
economies of scale
it refers to the transmission of ideas meanings and values around the world in such a way as to extend and intensify social relations. although it is the spread of popular culture flows from dominant to non-dominant cultures
cultural globalization
it is a practice of promoting and imposing a culture usually that of a politically powerful nation over a less powerful society in other words the cultural hegemony of industrialized or politically and economically influential countries which determine general cultural values and standardized civilizations throughout the world
cultural imperialism
what are the effects of globalization on culture and communications
increase business opportunities
fewer cultural barriers
creation of a global village