CONTEMPORARY WORLD - GNED 07

STUDYOFGLOBALIZATION

PROCESSOFINTERACTIONAND
INTEGRATIONOFPEOPLE/CITIZEN,
GOVERNMENTOFOTHERNATIONS
ANDBUSINESSCORPORATIONS
THROUGHINTERNATIONALTRADE
ANDRELATIONWITHTHEHELPOF
INFORMATIONAND
COMMUNICATIONTECHNOLOGY.

K E Y T E R M S:

I N T E R A C T I O N - exchange of ideas, beliefs, and culture

I N T E G R A T I O N- integration can involve the processes of product standardization and
technology development centralization.
I N T E R C O N N E C T E D N E S S- refers to the ability to understand and function in an
increasingly multicultural, international, yet interconnected environment.

DIFFERENTFACETS

ECONOMIC-
P O L I T I C Al
SOCIO-CULTURAL

Theories:

WORLD SYSTEM THEORY

THAT GLOBALIZATION IS ESSENTIALLY THE EXPANSIONOF
CAPITALIST SYSTEM AROUND THE GLOBE

C O R E C O U N T R Y - developed,strong military,high living

S E M I - P E R I P H E R Y - DEVELOPING,the ability to attack or defend itself,median
P E R I P H E R Y- UNDERDEVELOPED,to core dependent upon core countries,low

WORLDPOLITYTHEORY
was developed as an analytical frame for interpreting global relations, structures, and
practices. Invoking an image of the world as a system of interrelated interdependent units, it is
a theory of transnational interaction and global social change.

WORLD CULTURE
been applied to diverse attempts to conceptualize and understand the dynamics of culture.

MARKET INTEGRATION
a phenomenon in which markets of goods and services are somehow related to one another
being to experience similar patterns of increase or decrease in terms of the prices of those
products.

SPATIAL MARKET
Markets aggregate demand and supply across actors distributed in space.
SPATIAL MARKET INTEGRATION

EXCHANGE RATE-

ARBITRAGE

LAW OF ONE PRICE

LAW OF SUPPLY AND DEMAND

PURCHASING POWER PARITY

FORMS of INTEGRATION

Preferential Agreement - involves lower trade barriers

Free Trade Agreement- reduces barriers to trade among member countries to zero,
Customs Union.

Common Market- goes beyond a Customs Union inallowing for free movement of labor
and capital within the Union;

Economic Union- the highest form of economic integration

international Monetary System

 Market Integration

International Peace and Security

 Internatonal Monetary Fund

World Trade Organization

 United Nation

GLOBAL INTER-STATE SYSTEM

International org. - public or private

Ex. UN,NATO,IMF,WHO

Non-Gov org. - civil society

Ex. UNICEF,WORLD VISION,WWF,AMNESTY,GREENPEACE

Multination Corp - operates two or more countries

Ex. AMAZON.FB.HONDA,SAMSUNG,NESTLE,APPLE,ADIDAS
Global Governance --the sum oflaws, norms, policies and institutions that
define, constitute and meditate trans-border relations between states, cultures,
citizens, intergovernmental and non-governmental.

GLOBAL DEVIDES IN SOUTH AND NORTH

Willy Brandt - -richer countries are almost all located in the Northern
Hemisphere, with the exception of Australia and New Zealand.

Globalism - different part of the country involve.

Regionalism - only region.

Association of Southeast Asian Nations

August 8, 1967:five foreign ministries ofIndonesia, Philippines, Malaysia,

Singapore and Thailand signed a document in the main hall of DFA in
Bangkok, Thailand.

CAPITALISM - Capitalism features private ownership of businesses and

marketplace competition.

Top 10 Capitalist countries:

1.HONG KONG
2.SINGAPORE
3.NeW ZEALAND
4.SWITZERLAND
5.AUSTRALIA
6. IRELAND
7. ESTONIA
8. UNITED KINGDOM
9. CANADA
10. UNITED ARAB EMIRATES

COMMUNISM -Have a totalitarian form of government; this means that the

government runs everything and makes all decisions.

Communist countries

CHINA
CUBA
LAOS
VIETNAM
NORTH KOREA

INTERNATIONAL PEACE AND SECURITY

WORLD WAR 1 - 1914-1918

CENTRAL POWERS:
Germany, the Austro-Hungarian
Empire, Ottoman Empire and
Bulgaria

ALLIED POWERS:
Great Britain (and the British
Empire), France, and the Russian
Empire

IMPERIALISM & COLONIALISM

WORLD WAR 2
1939-1945

AXIS POWERS:
Nazi Germany, Fascist Italy
and Imperial Japan

ALLIED POWERS:
France, USA, Soviet Union,
United Kingdom, China

FASCISM & NAZISM

COLD WAR
1945-1991

USA vs SOVIET UNION

CAPITALISM VS COMMUNISM
Security Council
P5 (permanent 5 members)

China
France
Russia
United Kingdom - neutral
United States

South East Asia Treaty

Organization

1955-1977

Australia, France, New Zealand,

Pakistan, the Philippines,
Thailand, the United Kingdom,

and the United States

*against communism

MULTILATERALISM
*2013-the G8 became the G7
once again, when Russia
invaded Crimea. The other G8
members imposed sanctions
against Russia, including
exclusion from the G8.
*2017- Russia announce
permanent withdrawal