This document provides an overview of globalization and economic globalization. It discusses perspectives on the origin and theories of globalization, including world systems theory and world culture theory. It also outlines the interconnected dimensions of economic globalization such as capital, communication/technology, markets, and goods/services. The document discusses perspectives on global cultural flow, including cultural differentialism, hybridization, and convergence. It also examines the concepts of protectionism, trade liberalization, and economic integration. Key actors in economic globalization are identified as multinational companies, states, regulatory institutions, laborers, and consumers.
This document provides an overview of globalization and economic globalization. It discusses perspectives on the origin and theories of globalization, including world systems theory and world culture theory. It also outlines the interconnected dimensions of economic globalization such as capital, communication/technology, markets, and goods/services. The document discusses perspectives on global cultural flow, including cultural differentialism, hybridization, and convergence. It also examines the concepts of protectionism, trade liberalization, and economic integration. Key actors in economic globalization are identified as multinational companies, states, regulatory institutions, laborers, and consumers.
This document provides an overview of globalization and economic globalization. It discusses perspectives on the origin and theories of globalization, including world systems theory and world culture theory. It also outlines the interconnected dimensions of economic globalization such as capital, communication/technology, markets, and goods/services. The document discusses perspectives on global cultural flow, including cultural differentialism, hybridization, and convergence. It also examines the concepts of protectionism, trade liberalization, and economic integration. Key actors in economic globalization are identified as multinational companies, states, regulatory institutions, laborers, and consumers.
investor Globalization – interconnection of different c. Mcdonaldization countries d. Globalization METAPHORS OF GLOBALIZATION 2. Heterogeneity – associated with the creation of local inputs leading to a variety of cultural 1. Solid – barriers that may prevent free hybrids. movement; can be natural or man-made 2. Liquidity – increasing ease of movement of PERSPECTIVE IN GLOBAL CULTURAL FLOW people, things, information, and places in the 1. Cultural Differentialism – can’t ignore global age. differences; immutable; different from one 3. Flows – movement of people, things, ideas, culture may clash if they get to interact and culture across the globe due to the 2. Cultural Hybridization – politics of advances in technology, economic and integration without the need to give up political integration, and establishment of cultural identity global policies that lessens and eliminates the 3. Cultural Convergence – supports the idea of existing borders. global cultural homogeneity; adopt the PERSPECTIVES ON THE ORIGIN OF culture ideas and practices. GLOBALIZATION UNIT 2: THE GLOBAL ECONOMY 1. Hardwired – motivation of human beings to Economic Globalization – refers to the increasing seek a better life. interdependence of world economics as a result of 2. Cycles – no single point of origin in the growing scale of cross-border trade of globalization but it is a long-term cyclical commodities and services, flow of international process wherein the current global age today capital and wide and rapid spread of technologies. is only modification of the global age in the past. INTERCONNECTED DIMENSIONS OF ECONOMIC 3. Epochs – waves of globalization that took GLOBALIZATION place in the past and each of them has its own 1. Capital – total assets a company needs to stay origin. solvent 4. Events – it specifies the event that is 2. Communication and Technology – allows somehow responsible for the origin of the integration of economies worldwide globalization through increases in trade, investment flows, 5. Broader – the origin of globalization has and technology transfer taken place during the recent changes that 3. Market Exchange – which goods and happened in the 2nd half of the 20th century. services are produced, distributed, and THEORIES OF GLOBALIZATION exchanged by the price, supply and demand 4. Goods and Services – goods are tangible 1. World System Theory – believes that objects that satisfy people’s wants capitalism spread around the world for the last five centuries. The key structure is the ECONOMIES ASSOCIATED WITH ECONOMIC three division of labor: GLOBALIZATION a. Core – countries that are not as rich as Protectionism – refers to government policies that the core countries usually depend on restrict international trade by imposing tariffs, these core countries. quotas, product standards, and subsidies. b. Peripheral – countries that are dependent on core countries for capital Primary Policy Tools: and have an underdeveloped industry. c. Semi-Peripheral – countries that share a. Tariffs – form of money of goods; serves as a characteristics of both core and periphery payment for allowing its international countries. product to be sold in the local market. 2. World Polity Theory – it was developed as b. Import Quotas – lessen the number of an analytical frame for interpreting global products that can be imported for certain relations, structures, and practices. period of time. 3. World Culture Theory – particular c. Product standards – kind of barrier that interpretation of globalization that focuses on imposes strict standards in imported the process become conscious of and give products; quality of product meaning to living in the world as a single d. Government Subsidies – financial assistance place. Trade Liberalization – process of removing or IMPACT OF GLOBALIZATION reducing the barriers or restrictions in the exchange for goods between and among nations. 1. Homogeneity – increasing sameness as information and ideas flow across MAIN ACTORS OF ECONOMIC GLOBALIZATION boundaries. - Multinational Companies a. Cultural Imperialism – influence of - State particular culture - Regulatory Institutions - Laborers - Agreement was enacted during the post- - Consumer world wars - It is the USA who was at that time owned the ECONOMIC INTEGRATION – discriminatory removal 2/3 of world’s gold had led this conference in of all trade impediments between at least 2 July 1944 with 44 countries participating countries. Arrangement among nations that typically includes the reduction or elimination of Representatives of PH in Bretton Wood System trade barriers. 1. Hon. Andres Soriano LEVELS OF ECONOMIC INTEGRATION 2. Hon. Jaime Hernandez 3. Mr. Joseph Foley 1. Preferential trading area – discounted 4. Mr. Ismael Mathay tariffs; allow member countries to have access to some of their products 2 INSTITUTIONS WERE ESTABLISHED AS PART OF 2. Free trade – aimed to reduced the tariff BRETTON WOODS AGREEMENT IN 1945 significantly between or among partnered 1. International Monetary Fund (IMF) – goal countries of fostering global monetary cooperation, 3. Custom union – implying that the same establishing financial stability, maintaining tariffs are applied to third countries international trade, and promoting growth 4. Common market – member countries are economy. able to move their capital and services within 2. The World Bank – two main goal of the their organization world bank are to end extreme poverty and 5. Economic union – usually called as a single increase overall prosperity. market for several reasons; tariffs are eliminated within the member countries by THE GENERAL AGREEMENT ON TARIFFS AND which they are able to exercise free trade TRADE (GATT) between and among countries 6. Political union – member countries abide by - Signed into law on January 1, 1948 with 23 the rules presented by a common government countries in which the member country’s sovereignty is - Its main objective was to eliminate barriers in reduced significantly. international trade by either reducing or removing tariffs and quotas. UNIT 3: MARKET INTEGRATION WORLD TRADE ORGNIZATION ROMAN PERIOD AND EARLY VOYAGES - Resolve trade disputes between and among Notable Explorers; The different voyages its member countries. 1. Vasco Da Gama - Its goal is to ensure trade flows as smoothly 2. Christopher Columbus and predictably as possible. 3. Ferdinand Magellan Market Integration – used to identify phenomenon Different global powers during that time: in which markets of goods and services that are related to one another is experiencing similar - Spain patterns of increase or decrease in terms of the prices - Portugal of those products. - Britain Types of Market Integration - Italy 1. Negative Integration – elimination of NEPOLEONIC WARS IN 1815 barriers - The international trade expanded 2. Positive Integration – government policy significantly as did cross-border flows of adjustment financial capital and labor DEGREE OF ECONOMIC INTEGRATION - Technological advancement in this year can be seen from the replacement of the sail and 1. Preferential agreement railroads by the steam power. 2. Free trade - The opening of Suez Canal has helped to 3. Custom union reduced travel times between Europe and 4. Common market Asia 5. Economic union TWO WORLD WARS AND THE GREAT INTERNATIONAL/REGIONAL ORGANIZATION AND DEPRESSION ALLIENACES Major powers of those times: 1. Organization for Economic Co-operation and Development (OECD) - The United States - Works to build better policies for better lives. - Western Europe - Their goal is to shape policies that foster - Japan prosperity, equality, opportunity and well- THE BRETTON WOOD SYSTEM being for all 2. The Organization of Petroleum Exporting Countries (OPEC) - Intergovernmental organization, created at - Regional Organization challenging state the Baghdad Conference on September 10-14, autonomy: coming from different 1960 international organizations - It was established to monitor and stabilized Challenges from National/Identity Movements the price of OIL that is both beneficial and fair with the stakeholders such as producer and - Different people with different identities and consumer beliefs who live in different states may 3. Association of South East Nations (ASEAN) challenge the government to recognize their - Was formed in 1967 by Indonesia, Malaysia, unique ideologies and identity all over that Philippines, Singapore, Thailand state. - to promote political and economic cooperation and regional stability Global Economics - the Economic, Political-Security, and Socio- - It demands the states to conform to the rules Cultural Community are the three pillars of of free-market capitalism ASEAN Community - Example: government have to comply with 4. Asia Pacific Economic Cooperation (APEC) global or regional agreements (e.g., WTFO, - Its goal is to ensure the sustainability of NAFTA, EU, ASEAN) growth and development of the region for the goods of its people. Global Social Movements 5. European Union - Movement of people that are spontaneous or - is the largest trade block in the world. that emerge through large grassroots - One of the largest exporters of goods and organization; how organization moves services and considered to be the biggest together. import market for over hundred countries - They usually operate across the world and 6. North America Free trade Agreement can be seen in different nations (NAFTA) - Example: human rights movement, - Formed in 1995 by the Canada, Mexico and environmental movement, women rights America for the reason of elimination of movement barriers when it comes to trade and investment INTERNATIONAL RELATIONS - This organization has also given importance - Can be defined as political activities and other to the protection of intellectual property kinds and aspects of interactions among rights, environments and rights of workers or states, inter-governmental organizations, laborers. non-government organizations and GLOBAL CORPORATIONS multinational corporations.
- Also known as Global Company, which means
all around the world Types of Global Corporations 1. International Companies – single country but has some exposure to foreign markets; these are basically importers and exporters 2. Multinational Companies – more than one country; controlled by management based in a single country, cater to markets in individual countries 3. Transnational Companies – very largest multinational businesses with separate Peace Treaties and Military alliances divisions that operate with a significant independence in their assigned markets; - UN: was founded in 1995 and has 193 decision-making capabilities members states. The UN has four functions, 4. Global Companies – operate on a worldwide which include military, economic, scale, but it would not be tied legally to any environmental issues, and human protection. nation - North Atlantic Treaty Organizations (NATO): is a defensive treaty or a military UNIT 4: THE GLOBAL INTERSTATE SYSTEM alliance among the United States, Canada, and EFFECTS OF GLOBALIZATION ON GOVERNMENT other European Countries. The member countries have agreed to combine their Traditional Challenges military power against the other nation who - External Intervention by other countries: would be raising their arms against anyone of powerful nations intervene with the issues its members. and affairs of other nations 1. Social and Economic Growth - Internal Political Challenges: state’s own - Red Cross: they are organized in 1863 to internal nonconformists help those wounded by wars. They are an independent and neutral organization that would be sent to areas affected by war, integration to have a just system for conflict conflict, and disasters. resolution. - Doctors without Borders: they are an 1. Permeability of nation-state to vast flow of independent, global movement providing things – fake news, cyberbullying, invasion of medical aid where it’s needed most and was privacy and other digital fraudulent activities founded 1971 are the result of easy, fast and difficult to - Oxford Committee for famine relief control flow of digital information through (OxFam): fighting inequality to beat poverty; social media they are also concerned with social 2. Mass migration of people and the flow inequalities that make and keep people. criminal elements – unlawful activities such - Save the Children: helps children across the as transport of drugs, sex trafficking world; it gives children a healthy start of life, 3. Internal events or problems which nation- the opportunity to learn, and protection from state either instigate or are unable to harm. control on their own – extrajudicial killings - Amnesty International: it is a global in the Philippines; war on drugs movement was to appeal in Britain with aim 4. Global problems that a single nation-state of acquiring amnesty for prisoners of is unable to tackle on their own – covid19 conscience all over the world pandemic GLOBAL ECONOMY
- World Trade Organization (WTO)
- North American Free Trade Agreement (NAFTA) INTERNATIONALISM AND GLOBALISM Internationalism – principle of cooperation among nations, for the promotion of their common good; can MAIN BODIES OF THE UNITED NATIONS be define as the idea that cooperation among countries is beneficial for everyone. General Assembly – it is where all member-state come together to discuss and resolve various global > Hegemonic Internationalism – belief that issues. the world is being integrated is based on unequal terms with the dominance of one Security Council – primary responsibility for the nation or nation-state over others maintenance of international peace and security > Revolutionary Internationalism – belief Economic and Social Council – principal body for that conflicts within societies ascend due to coordination, policy review, policy dialogue and international factors and alliances recommendations on economic, social > Liberal Internationalism – belief that environmental, and other related concerns certain goals such as peace and prosperity can be attained through cooperation and Trusteeship Council – provides international collaboration between and among countries. supervision for eleven trust territories to ensure that adequate steps were taken to prepare to territories GLOBALISM – national policy of treating the whole for self-government and interdependence. world as a proper sphere for political influence. International Court of Justice – is the principal > Economic Globalism – flows of goods, judicial body of the United Nation services and capital and the information and perceptions that accompany market exchange Secretariat – assists the other bodies and > Environmental Globalism – transport committees while performing varied tasks. materials in the atmosphere or oceans or of CHALLENGES OF GLOBAL GOVERNANCE IN THE biological substances such as pathogens or 21ST CENTURY genetic materials that affect human health and well-being - Indistinct and diffused authority > Military Globalism – long-distance networks - Vast disparities in power and influence in which force, and the threat or promise of among state and non-state actors force, are deployed - Lack of resources of the UN and other actors > Social and Cultural Globalism – movements - Incoherent policies of global governance of ideas, information, images and people, who actors of course carry ideas and information with - Decentralized and informal self-regulatory them groups UNIT 5: GLOBAL GOVERNANCE SOME KEY CHALLENGES Global Governance – is a continuous process of 1. Nationalistic Interests balancing different interests and initiating 2. Lack of Consensus or General Agreement cooperative action between different countries. 3. Indistinct and diffused authority Government in countries need cooperation and 4. Incoherent policies on emerging trends