THE CONTEMPORARY WORLD

Document: Module 1/ Week 1

Level: College BS3-1
Teacher: Mr. Michael AS. Enaje

Hi there College BS3-1 students,

Welcome to our humble institution this academic year 2021 – 2022.

Despite of the crisis we are facing right now, we are here and never stop for
your dreams to come true. You are step ahead in reaching your goals; and part
of it, you need to comply with the academic requirements imposed by the
Department of Education for your grade level. Right now, you are about to face
this academic challenge in the new normal phase of school setting.

This module will guide you with your academic journey in THE
CONTEMPORARY WORLD. Every week you will receive a set of module to study
and activities to answer. All data and information you need in your studies will
be provided together with the module. And another, you can also browse the
internet for other references. I know this is new for both of us but then again, I
hope you will find it enjoyable while learning and I’m hoping that we will see
each other soon once permitted.

Let us have fun in learning together!

Sincerely yours,
Sir Michael AS. Enaje

Module 1 Contents/ Lessons

1 Introduction to the study of Globalization

LESSON 1 INTRODUCTION TO THE STUDY OF GLOBALIZATION

After centuries of technological progress and advances in international

cooperation, the world is more connected than ever. But how much has the rise
of trade and the modern global economy helped or hurt American businesses,
workers, and consumers? Here is a basic guide to the economic side of this
broad and much debated topic, drawn from current research.
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What is Globalization?

Globalization is the word used to describe the growing interdependence of the

world’s economies, cultures, and populations, brought about by cross-border
trade in goods and services, technology, and flows of investment, people, and
information. Countries have built economic partnerships to facilitate these
movements over many centuries. But the term gained popularity after the Cold
War in the early 1990s, as these cooperative arrangements shaped modern
everyday life. This guide uses the term more narrowly to refer to international
trade and some of the investment flows among advanced economies, mostly
focusing on the United States.

The wide-ranging effects of globalization are complex and politically charged.

As with major technological advances, globalization benefits society as a
whole, while harming certain groups. Understanding the relative costs and
benefits can pave the way for alleviating problems while sustaining the wider
payoffs.

Reading: Introduction to Globalization

Conceptualizing Globalization

Globalization is the process by which the world, previously isolated through

physical and technological distance, becomes increasingly interconnected. It is
manifested by the increase in interaction between peoples around the world
that involves the sharing of ideas, cultures, goods, services and investment.

The last sixty years have witnessed a huge increase in globalization, but the
phenomenon has been going on for much longer. Thomas Friedman describes
the current trend as the third great wave of globalization in human history.

Globalization has brought fear of loss of jobs and loss of income, which are often
described as the “race to the bottom,” as industrialized countries are thought to
have to reduce wages to be competitive with those in the developing
world. Globalization has also spawned fears about loss of culture. Many
countries worry about their cultures being overwhelmed by that of the United
States. France is a good example. Others fear replacement of their cultures by
that of Western nations (e.g., some Islamic states). Countries also fear the loss of
national sovereignty as they become part of supranational entitles, like the
European Union or the International Monetary Fund. And yet, history shows that
globalization has corresponded to higher national incomes and increased
opportunities. How can these conflicting views be reconciled?

What is the concept of globalization?

In geography, globalization is defined as the set of processes (economic, social,

cultural, technological, institutional) that contribute to the relationship between
societies and individuals around the world. It is a progressive process by which
exchanges and flows between different parts of the world are intensified.

What are some examples of globalization?

The following are common examples of globalization.

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  Trade. The exchange of goods and services between nations. …
 Immigration. The ability to live, work or go to school in a place other than
the place where you happened to be born. …
 Travel. ...
 Communication. ...
 Transportation. ...
 Knowledge. ...
 Media & Entertainment. ...
 Culture

What is the importance of globalization?

Globalization is about the interconnectedness of people and businesses across

the world that eventually leads to global cultural, political and economic
integration. It is the ability to move and communicate easily with others all over
the world in order to conduct business internationally.

What is the main idea of globalization?

Globalization has three main aspects which are economic, political and socio-
cultural (University of Leicester 2009). Economic aspect focuses on the
integration of global economies as well as flow of trade and capital across
nation borders. Socio-cultural aspect emphasizes on the exchanging of social
and culture.

Activities:
PART 1: define globalization by the use of any graphic organizers. (Examples of
graphic organizers are Venn diagram, fish Bone and etc.)

PART 2: Make a flashcard that explains the globalization.

PART 3: Do you think globalization has a big role in our living? Yes or no? why?
Defend your stand.

PART 4: Learning Bank: (Summary of learning) Please write down about what you
have learned in this topic/ lesson.

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