What is Globalization?

- Is the intensified geographical movements across national borders of commodities, people

seeking employment, money and capital investments, knowledge, cultural values, and
environmental pollutants.
- The growing interdependence of the world’s economies, politics, cultures, and law.
- It is the interaction and integration among nations brought by international trade. For the
Philippines globalization can be seen in the increase of literacy.
- The GLOBAL POLICY FORUM explained globalization in various aspects. That is in term of
economy, politics, culture, and law
- Global Policy Forum (GPF) – is the independent policy watchdog that monitors and reports on
United Nations activities and developments in multilateral affairs.
- GLOBALIZATION OF THE ECONOMY – advances in communication and transportation
technology, combined with free market ideology, have given goods and services, and capital
unprecedented mobility.
- Economic Globalization – Is the increasing integrations of national economies around the world,
through trade and financial flows. Example. The globalization in Vietnam has contributed to the
increase in the prices of rice, lifting many poor farmers out of poverty.
- GLOBALIZATION OF POLITICS – with global ecological changes, an ever more integrated
global economy, and other global trends, political activity increasingly occurs globally.
- Political Globalization – the growth of worldwide political system. Example. The rise of free
trade. The rise of multinational agreements to develop shared norms.
- GLOBALIZATION OF CULTURE – the internet, fax machines, satellites, and cable TV are
sweeping away cultural boundaries.
- Cultural Globalization – involves the spread of language, art, food, business ideas, and
technology, and therefore, its impact is felt by almost everybody in the world. Example, fast food
restaurants from western countries, like mcdonald’s
- GLOBALIZATION OF LAW – globalization is changing the contours of law and creating new
global legal institutions and norms. The International Criminal Court promises to bring to justice
to public offenders based on a worldwide criminal code.
- Globalization of Law – the degree in which the whole world lives in a single set of legal rules.

EXAMPLES OF COMMODITIES:
- Natural Gas
- Oil

ELEMENTS OF GLOBALIZATION
- Trade Agreements – bilateral, regional, or multilateral economic agreements designed to reduce
trade barriers. Example. The North American Free Trade Agreement (NAFTA)
- Capital Flow – measurement of an increase or decrease in a nation’s domestic or foreign assets.
Example. Loans, bank deposits
- Migration Patterns – impact of labor market fluidity on production costs through the loss
(emigration) or gain (immigration) of potential workers, especially those with particular skills.
Example. Workers are migrants from the rural areas, often women.
- Information Transfer – communication trends that helps mitigate the asymmetric functioning of
markets and economics
- Spread of Technology – rapid dispersion of the means and methods of producing goods and
services.

EXAMPLE OF COMMUNICATION TRENDS:

- Digitization such as books, articles and contracts
TRENDS IN GLOBALIZATION
- Population Trends – decreasing population in developed countries, increasing population in
developing countries, and increased life expectancy
- Science and Technology – includes the internet and other computer components
- Increasing Integration and interdependence – includes all the economic life as well as an
increasing exchange of products and services across national borders through trade.
- Governance – how national and international laws govern the economic activity and
transnational institutions

What happens if there is no globalization?

Without globalization, it would be a closed system. A country without interaction, integration,
and interdependence. Everyone will be poorer.

GLOBALIZATION AND INTERNALIZATION DIFFERENCE

Globalization is the global economic integration of formerly national economies into one global
economy. While internationalization is the increasing importance of international trade, international
relations, etc.

FORE CORE OF GLOBALIZATION

- Globalization is about the liberalization and global integration of markets. – reduction of
government interference in economic organizations. The driving idea behind globalization is free
market capitalism
- Globalization is inevitable and irreversible – with the spread of technology, it is quite impossible
to evade the effects of globalization.
- Globalization benefits everyone – the idea of globalization benefits everyone and is closely linked
with economic prosperity
- Globalization furthers the spread of democracy in the world – it is the powerful middle class and
societal structure that facilitates democracy

INTERNALIZATION – refers to the increasing importance of international trade, international

relations, treaties, alliances, etc.
GLOBALIZATION – refers to global economic integration of formerly national economies into one
global economy, mainly by free trade and free capital mobility, but also by easy or uncontrolled
migration.
INTEGRATION – derived from the word “integer” meaning one, complete, or whole
DISINTEGRATED – to be re-integrated into the new whole
THE GLOBALIZED ECONOMY “to make an omelette you have to break some eggs”
The disintegration of national egg is necessary to integrate the global omelette.
FOUR DIMENSIONS OF GLOBALISM
- ECONOMIC GLOBALISM – FLOW OF GOODS AND SERVICES
- MILITARY GLOBALISM – NUCLEAR AGE
- ENVIRONMENTAL GOBALISM – INCREASED EMISSION
- SOCIAL AND CULTURAL GLOBALISM – TV SERIES