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Lesson 1 - Globalization

The document discusses the history and process of globalization. It defines globalization as the integration of economies through cross-border flows of goods, services, and information. Key drivers of globalization include technology and free-market policies. The text also examines the attributes of globalization and provides historical periods of increasing globalization over time.

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Jo Malaluan
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21 views

Lesson 1 - Globalization

The document discusses the history and process of globalization. It defines globalization as the integration of economies through cross-border flows of goods, services, and information. Key drivers of globalization include technology and free-market policies. The text also examines the attributes of globalization and provides historical periods of increasing globalization over time.

Uploaded by

Jo Malaluan
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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GLOBALIZATION

Globalization is the process in which


people, ideas and goods spread
throughout the world, spurring more
interaction and integration
between the world’s culture,
governments and economies.
Globalization is about growing
worldwide connectivity.
There were similarities in feature
of those prevailing wave of
globalization before the outbreak
of the first world war in 1914 to
the current wave.
In the years since the Second
World War, and especially during
the past two decades, many
governments have adopted free-
market economic system.
Taking advantage of new opportunities in
foreign markets:

Corporations have built


foreign factories

Establish production and


marketing arrangements with
foreign partners.
GLOBALIZATIO
N

International Industrial International


Business Structure Financial Business
Structure
One principal driver of globalization is

TECHNOLOG
Y
All sorts of individual economic actors like

consumers investors
businesses
Faster and more informed analyses of
economic trends around the world

Easy transfer of assets

Collaboration with far-flung


partners
are provided by information technologies.
Globalization is the process of
integration of economies across the
world through cross-border
flow of factors product and
information.
According to the International Monetary Fund
(IMF):
Globalization is the growing
economic interdependence of
countries worldwide through
increasing volume and variety of
cross border transactions in good
and services.
And of international capital
flows and also through the
more rapid and wide
diffusion of technology.
Globalization is considered a
multi-dimensional process
involving economic, political,
technological, cultural, religious and
ecological dimensions.
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.
Example:
Brazilian World Cup: Today’s media
combine conventional TV coverage
with multiple streaming feeds into
digital devices and networking sites
that transcend nationally based
services.
2. Globalization is reflected in
the expansion and the
stretching of social relations,
activities and connections.
Example:
Reaching of financial
markets around the globe.
3. Globalization involves the
intensification and
acceleration of social
exchanges and activities.
Example:
The Worldwide web
relays distant information
in real time.
4. Globalization processes do
not occur merely or an
objective, material level but
they also involve the
subjective plane of human
consciousness.
HISTORICAL PERIOD OF GLOBALIZATION

1. The Prehistoric Period (10000 BCE – 3500


BCE)
Contacts among hunters and gatherers –
who were spread around the world – were
geographically limited. In this period due to
absence of advance forms of technology,
globalization was severely limited.
2. The Prehistoric Period (10000 BCE – 3500
BCE)

Invention of writing and the wheel


were great social and technological
boosts that move globalization to a
new level.
3. The Early Modern Period (1500-1750)

It is the period between the


enlightenment and the Renaissance.
European enlightenment project
tried to achieve a universal form of
morality and law.
4. The Modern Period (1750-1970)

Innovations in transportation and


communication technology,
population explosion, and increase
in migration led to more cultural
exchanges and transformation in
traditional social patterns.
5. The Contemporary Period (1970-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.

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