Scribd Logo
Upload

Welcome to Scribd!

  • Lesson 1 What Is Globalization

    Uploaded by

    Mara David
    24 views14 pages
    Globalization can be defined as the integration of markets and intensification of social connections across the world. It involves both the expansion of existing networks that cut across borders as well as the creation of new networks. Globalization processes affect both the material and subjective realms, making the world feel smaller through increased flows of people, culture, technology, finance, and ideas. An inventory activity is suggested to illustrate people's possession of both domestic and foreign brands. The next lesson will define economic globalization and discuss actors that facilitate it, providing the example of 20th century market integration and asking students their stance on the topic.

    Original Description:

    Original Title

    GLOBALIZATION

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Globalization can be defined as the integration of markets and intensification of social connections across the world. It involves both the expansion of existing networks that cut across borders as well as the creation of new networks. Globalization processes affect both the material and subjective realms, making the world feel smaller through increased flows of people, culture, technology, finance, and ideas. An inventory activity is suggested to illustrate people's possession of both domestic and foreign brands. The next lesson will define economic globalization and discuss actors that facilitate it, providing the example of 20th century market integration and asking students their stance on the topic.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    24 views14 pages

    Lesson 1 What Is Globalization

    Uploaded by

    Mara David
    Globalization can be defined as the integration of markets and intensification of social connections across the world. It involves both the expansion of existing networks that cut across borders as well as the creation of new networks. Globalization processes affect both the material and subjective realms, making the world feel smaller through increased flows of people, culture, technology, finance, and ideas. An inventory activity is suggested to illustrate people's possession of both domestic and foreign brands. The next lesson will define economic globalization and discuss actors that facilitate it, providing the example of 20th century market integration and asking students their stance on the topic.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 14

    LESSON 1

    WHAT IS GLOBALIZATION

    Objectives:
    Agree on a working definition of globalization for the
    course
    Differentiate the competing conceptions of globalization
    Narrate a personal experience of globalization
    • Activity

    Tell us the story of GIO, LATIF and the LAKSA


    Tell us other global experiences
    GLOBALIZATION: A WORKING DEFINITION

     Economic
    -the integration of the national markets to a wider global market signified by
    the increased free trade

    Scholarly description of globalization is provided by Manfred Steger


    -the expansion and intensification of social relations and consciousness across
    world time and across world space
     Expansion- both the creation of new social networks and the multiplication of existing
    connections that cut across traditional political, economic, cultural and geographical
    bounderies.
     Intensification refers to expansion, stretching and acceleration of networks

    • Globalization processes do not occur merely at an objective, material


    level but they also involve the subjective plane of human consciousness.
    • People begin to feel that the world has become a smaller place and
    distance has collapsed from thousands of miles to just a mouse click
    away.
     Arjun Appadurai
     Ethnoscape- global movement of people
     Mediascape- flow of culture
     Technoscape-circulation of mechanical goods and software
     Financescape-global circulation of money
     Ideoscape- realm where political ideas move around
     Activity
     Do an inventory of everything you have in your possession.
     Identify which of those things are made in the Philippines and and those that are of
    foreign brands.
    Lesson 2
    The Globalization of World Economics

    Learning Outcomes
    1.Define economic globalization
    2.Identify the actors that facilitate globalization
    3.Narrate a short story of global market integration
    in the 20th century
    4.Articulate your stance on global economic
    integration
    International Trading Systems

    Gold Standard- UK, US and other European


    countries
    - goal is to create a system to allow efficient trade
    system.
    -established a common basis for currency prices and
    fixed exchange rate system.
    The Bretton Woods System

     A network of global financial institutions that would


    promote economic interdependence and prosperity
     Inaugurated in 1944
     To prevent catastrophes of the early decade of the century
    from recurring and affecting international ties.
     John Meynard Keynes- British economist
     Economic crisis occur not when a country does not have enough
    money but when money is not being spent, thereby, not moving
     Governments have to reinvigorate
    revive markets with combination
    infusions of
    capital
     System of Global Keynesianism

    You might also like