THE

CONTEMPORARY
WORLD
PEDS SAQUING
Social Science Instructor
GLOBALIZATION
●derived from the word “globalize” which refers to the emergence of an
international network of economic systems

●process of interaction and integration among the people, companies, and

government of different nations

Manfred Steger Thomas Larsson

described the process of globalization

globalization as the process of world
as “the expansion and intensification
shrinkage, of distance getting shorter,
of the social relations and
things moving closer
consciousness across the world time
 ECONOMIC
Types of GLOBALIZATION

Globalization POLITICAL GLOBALIZATION

SOCIAL GLOBALIZATION
refers to it pertains to human
interconnectedness of refers to the amount of
interaction within cultural political co-operation
economies through trade communities,
and exchange of that exist between
encompassing topics like different countries.
resources. It also refers family, religion, work and
to the widespread education
international movements
of goods, services, it is also a measure of
capital, technology and how easily information
information and ideas pass before
people in their own
country and between
different countries
 The Task of Defining Globalization

Advantages
 Equal opportunities for everyone
 Secured opportunities for
everyone
 Growth for the countries
 Development of the nations
BROAD AND INCLUSIVE NARROW AND
EXCLUSIVE
Disadvantages
• globalization means the onset of the
borderless world  Reshaping of government
institutions to cater for everyone
• can see from a more perspective point of  Economic processes need to be
reference when it comes to how we all
reorganized
become connected to each other
 Social processes require
• It does have a potential to neglect its own reorganization

 The Task of Defining Globalization

Advantages
 Focuses on the development of the country
 Enhancement of the policies in a country
 Supported by people
 Gives importance to the people and the
BROAD AND INCLUSIVE
cultures inside the country
NARROW AND
• globalization means the onset of the • focuses
EXCLUSIVE
on the one spot,
borderless world particularly its own
•
Disadvantages
can see from a more perspective point of
reference when it comes to how we all
• it has a very limited point of view
 Results to trade wars with other countries because of the lack of reference.
 become connected to each other
Limited perspective It fails to recognize the role of
 Failure to establish connections with other
• It does have a potential to neglect its own other parties as a potential
countries
constituents at certain times partner
 NATURE OF GLOBALIZATION

1. Liberalization
2. Free Trade
3. Import and Export
4. Privatization
5. Increased Collaborations
6. Economic Reforms
 LIBERALIZATION
It stands for the freedom of the entrepreneurs to
establish any industry or trade or business venture,
within their own countries or abroad or in short “removing
of controls”.
 FREE TRADE
● It stands for free flow of trade
relations among all the nations.
● A free trade agreement is a pact
between two or more nations to
reduce barriers to imports and
exports among them. Under a free
trade policy, goods and services
can be bought and sold across
international borders with little or
no government tariffs, quotas,
subsidies, or prohibitions to inhibit
their exchange.
IMPORT AND EXPORT SYSTEM
It stands for liberating the
import- export activity and
securing a free flow of goods and
services across borders.
PRIVATIZATION

Privatization is a way to
equalize the proper
distribution of goods and
services not only within
one’s jurisdiction but also
outside to avoid that
instance of concentration
of goods in the hands of
one person.
INCREASED COLLABORATIONS

Encouraging the process of

collaborations among the
entrepreneurs with a view to
secure rapid modernization,
development and
technological advancement
Economic Reforms
Encouraging fiscal and
financial reforms with a view to
give strength to free world
trade, free enterprise, and
market forces. To freely protect
every country in their
international transactions,
reforms are considered.
 It is a process of It is an asset or item
transforming tangible and accrued with the goal of
intangible inputs into goods generating income or
or services recognition

Production Investment

International
Workforce
Trade
It is an exchange involving a It is the number of people
good or service conducted who are employed plus the
between at least two unemployed who are
different countries. looking for work. The labor
pool does not include the
jobless who aren't looking
 Anti-Globalization Pro-
Globalization

Many anti-globalism activists see Supporters of free trade point out

globalization as the promotion of a that economic theories such as
Corporatist agenda, which is intent on comparative advantage suggests
constricting the freedoms of individuals that free trade leads to a more
in the name of profit. They also claim efficient allocation of resources,
that increasing autonomy and strength with all those involved in the trade
of corporate entities increasingly shape benefitting. In general, they claim
the political policy of nation-states. that this leads to lower prices,
more employment and better
allocation of resources.
Merits and Demerits of
Globalization
 Merits of Globalization

Peaceful
Relations
Most of the countries have resorted
to trade relations with each other in
order to boost their economy, leaving
behind any bitter past experiences if
any
Employment

Considered as one of the most

crucial advantages, globalization
has led to the generation of
numerous employment
opportunities. Companies are
moving towards the developing
countries to acquire labor force.
Along with modernization is the
goal of developing the economic
status of a nation.
 Education

A very critical advantage that has aided

the population is the spread of education.
With numerous educational institutions
around the globe, one can move out from
the home country for better opportunities
elsewhere. The existence of economic
goals must always be coupled with honing
one’s mind. Therefore, educational
institutions are needed to support this
claim. Along with modernization, it is no
longer impossible for people around the
globe to develop themselves as we have
institutions ready to support us holistically.
 Product Quality

The product quality has been enhanced so as

to retain the customers. Today the customers
may compromise with the price range but not
with the quality of the product. Low or poor
quality can adversely affect customer
satisfaction. A very good example is our
conception as to Chinese products. If we are to
compare it with products of other countries, we
commonly say that Chinese products are of
poor quality and that of US products fully
satisfy our standards. This is just a clear
indication that modernization or globalization
made us more of a wise buyer.
Cheaper
Price
Globalization has brought in
fierce competition in the
markets. Different business
schemes are actually adapted
by the business owner to get
more, as the law of supply and
demand dictates
 Better Communication

Every single information is easily

accessible from almost every
corner of the world circulation of
information is no longer a tedious
task, and can happen a second.
The internet has significantly
affected the global economy,
thereby providing direct access to
information and products. For
example, messenger or Facebook
can give us information as to what
is happening on the other side of
Transportation Who Created the First Roads?

Considered as the wheel of every business

organization, connectivityWALKING
to various parts of
ROMANS
the world is no more a serious problem. Today
with various modes of transportation
available, one can conveniently deliver the
products to a customer located at any part of
the world. In the past, there are no airplanes,
vessels, or any means of transportation.
However, with the advent of technology,
people can travel worldwide.
 GDP Increase
Gross Domestic Product,
commonly known as GDP, is
the money value of the final
goods and services produced
within the domestic territory of
the country during an
accounting year. Naturally, this
is because of the chances
given to a country to freely
trade their local products. The
more transaction a country can
get, either locally or
Travel and Tourism
Globalization has promoted tourism
to great heights. International trade
among different countries also helps
in increasing the number of tourists
that visit different places around the
world. This is possible by way of
locally introducing the tourist spots
of a country by means of technology.
For example, “Its more fun in the
Philippines”. Here, they promote
tourism through Facebook,
Instagram, twitter and other social
acts that helps us to boost tourism.
 Demerits of Globalization

Health
Issues
Globalization has given rise
to more health risks and
presents new threats and
challenges for epidemics. \
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Loss of Culture

With large number of people

moving into and out of a
country, the culture takes a
backseat. People may adapt to
the culture of the resident
country. They tend to follow the
foreign culture more, forgetting
their own roots.
 Uneven Wealth
Distribution

It is said that the rich are

getting richer while the poor
are getting poorer. In the real
sense, globalization has not
been able to reduce poverty.
 Environment Degradation

The industrial revolution has changed

the outlook of the economy. Industries
are using natural resources by means
of mining, drilling, etc. which puts a
burden on the environment. The
establishment of different
infrastructures will always lead to
risking the environment as we will be
needing space for the organization of
this. Sometimes, these spaces
considered our forest and different
land forms which are essential to
ecosystem.
INSTRUCTIONS: Answer the following questions in NOT more than
THREE (3) sentences.

1. How can social globalization be a remedy in mitigating the sudden increase of Covid
19 cases in the Philippines?
2. What are the possible reasons why some countries don’t support globalization?
3. It is said that globalization can help countries to progress together. However, it also
revealed that during the pandemic, there is huge gap among countries. What are the
possible reasons to this? Give atleast 2.
4. Give one demerit of globalization and explain it thoroughly. (Don’t copy exact words in
the module.)