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Gcworld Chapt 1 Revwr
Gcworld Chapt 1 Revwr
DEVELOPING WORLD
Recent.
Belonging to or occuring in the Little access to technology
present. Based in this definition, Weaker economy
contemporary is not static style. Often dependent solely on one crop
Instead, it is changing. or one type of work
Weak education systems
High illiteracy rates
WHAT IS CONTEMPORARY WORLD?
High population growth b/c:
It is the circumstances and the 1. Less family planning
ideas of the present age. knowledge
All the countries of the seven 2. More kids needed to
continents belong to the work on farms
contemporary world. 3. High infant mortality rate
makes people try to have more kids
Often controlled by dictators and
THE CONTINENTS OF THE WORLD Rarely have free
markets/capitalism
Asia Women have traditional role -
North America homemaker, caregiver
South America People often do not realize what it
Europe means to truly have liberty
Australia
Antarctica
Africa FACTORS AFFECTING THE
ENVIRONMENT
METAPHORS OF GLOBALIZATION
HETEROGENEITY
Solidity and liquidity
The creation of various cultural
Solidity refers to barriers that practices, new economies, and
prevent or make difficult political groups because of the
movement of things. Solids can interaction of elements from
either be natural or man-made. different societies in the world.
Liquidity refers to the increasing
ease of movement of people,
things, information, and places in
the contemporary world.
Flows are the movement of people,
things, places, and information
CHARACTERISTICS OF
GLOBALIZATION
ORIGINS AND HISTORY OF
GLOBALIZATION There is mobility of movement of
people regardless of reason
HARDWIRED
There is an intensification of
It is because of our human basic interactions
need to make our lives better that It's an active process
made globalization possible. Borderless interaction
Spread of ideas, knowledge,
technology, culture, religion, etc.
CYCLES
Globalization is a long term TYPES OF GLOBALIZATION
cyclical process and thus, finding
its origin will be a daunting task. ECONOMIC GLOBALIZATION
The interconnectedness of
economies through trade and the
EPOCH exchange of resources.
Globalization of religion SOCIAL GLOBALIZATION
European colonial conquests
Intra-european wars Sharing of ideas and information
Heyday of european imperialism between and through different
Post-word war ii period countries.
Post-cold war period
POLITICAL GLOBALIZATION
The amount of political co-
EVENTS operation that exists between
different countries.
Specific events are also considered
as part of the fourth view in
explaining the origin of
CAUSES OF GLOBALIZATION
globalization.
1. Trade liberalizations
2. Improvements in technology
BROADER, MORE RECENT CHANGES 3. Reduced cost/improvement of
communications and transportation
The emergence of the united states 4. Deregulation of financial markets
as the global power 5. Increased significance of
The emergence of multinational TNCS/MNCs
corporations
The demise of the soviet union and
the end of the cold war
EFFECTS OF GLOBALIZATION
Increase in competition
Exchange of technology
Increase in investment levels and
rise in opportunities
Multinational and multicultural
management
Procurement and outsourcing
Economic development
ADVANTAGES OF GLOBALIZATION
Cheaper goods and better product
quality
Increase in skilled workers
Lower cost of production
Improvement in education
Cultural diversity
Poverty reduction
Transportation
DISADVANTAGES OF
GLOBALIZATION
Increased commodity price
Exploitation of cheap labor
Cause of disease
Increased relative poverty and
inequality
Increased vulnerability and
instability
Disparity and uneven wealth
distribution