Globalization can be defined in several ways:
1) It refers to the increased interconnectedness and interdependence between countries through faster flows of goods, services, finance, people and ideas across borders.
2) Economically, it involves the growing integration of world markets through increased cross-border trade and financial flows.
3) Broadly, it is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.
Globalization can be defined in several ways:
1) It refers to the increased interconnectedness and interdependence between countries through faster flows of goods, services, finance, people and ideas across borders.
2) Economically, it involves the growing integration of world markets through increased cross-border trade and financial flows.
3) Broadly, it is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.
Globalization can be defined in several ways:
1) It refers to the increased interconnectedness and interdependence between countries through faster flows of goods, services, finance, people and ideas across borders.
2) Economically, it involves the growing integration of world markets through increased cross-border trade and financial flows.
3) Broadly, it is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.
TO THE STUDY OF GLOBALIZATION PREPARED BY: MARIA CORAZON N. DE FRANCISCA WHAT IS GLOBALIZATION
A Simple Globalization Definition
Globalization means the speedup of movements and exchanges
(of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe. https://youmatter.world/en/definition/definitions-globalization-definition-benefits-effects-examples/ WHAT IS GLOBALIZATION An Official Definition of Globalization by the World Health Organization (WHO)
According to WHO, globalization can be defined as ” the increased
interconnectedness and interdependence of peoples and countries. It is generally understood to include two inter-related elements: the opening of international borders to increasingly fast flows of goods, services, finance, people and ideas; and the changes in institutions and policies at national and international levels that facilitate or promote such flows.” https://youmatter.world/en/definition/definitions-globalization-definition-benefits-effects-examples/ WHAT IS GLOBALIZATION What Is Globalization in the Economy?
According to the Committee for Development Policy (a subsidiary body of the
United Nations), from an economic point of view, globalization can be defined as: “(…) the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, the flow of international capital and the wide and rapid spread of technologies. It reflects the continuing expansion and mutual integration of market frontiers (…) and the rapid growing significance of information in all types of productive activities and marketization are the two major driving forces for economic globalization.” https://youmatter.world/en/definition/definitions-globalization-definition-benefits-effects-examples/ WHAT IS GLOBALIZATION Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross- border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life.- https://www.piie.com/microsites/globalization/what-is-globalization WHAT IS GLOBALIZATION Globalization is actually the idea that there will be no national boundary in the world of business and commerce and all the trade will operate on an international scale. Recognizing the cultural diversity of the world to build a harmonious world is another agenda of globalization. People have derived benefits from the geographical locations of one another since ages. This has been done by way of migration, trade and business relations. Likewise, even today the same phenomenon continues on a large scale by introduction of free trade agreements and novel developments in the international relations which enable the states to benefit from each other’s interests. This process of inter-state integration and interaction is called globalization. WHAT IS GLOBALIZATION
Globalization, the word means to make “global”, meaning making
global ties or making something or usage of something accessible and not restricted to a single territory. The process is leaving a significant impact on the international community and on its environment, politics, society and economic development. Besides, globalization has made gradual changes in the health sector and individual well- being of societies. The Need For Globalization Not all things are in abundance everywhere, but they can be in abundance at a particular place. For example if somebody is growing vegetables in their land and they have more than their consumption requirement then they would want to sell them to make the most of the yield and others will buy from them to escape the costly market rates. This is exactly how globalization works. Countries even go a step ahead by availing themselves of the cheap labor opportunities abroad. For example, a Japanese automobile company manufactures its automobile parts in say Pakistan, assembles them in Bangladesh and sells the finished cars in the other countries. Japan would only see which States can offer the most economic friendly results without compromising the quality. https://www.basic-concept.com/c/basic-concept-of-globalization-with-definition-and-advantage THEORIES OF GLOBALIZATION 1. Theory of Liberalism
Liberalism sees the process of globalization as market-led
extension of modernization. At the most elementary level, it is a result of ‘natural’ human desires for economic welfare and political liberty. As such, trans planetary connectivity is derived from human drives to maximize material well-being and to exercise basic freedoms. These forces eventually interlink humanity across the planet. They fructify in the form of: (a) Technological advances, particularly in the areas of transport, communications and information processing, and, (b) Suitable legal and institutional arrangement to enable markets and liberal democracy to spread on a trans world scale. But its supporters neglect the social forces that lie behind the creation of technological and institutional underpinnings. It is not satisfying to attribute these developments to ‘natural’ human drives for economic growth and political liberty. They are culture blind and tend to overlook historically situated life-worlds and knowledge structures which have promoted their emergence. 2. Theory of Political Realism Advocates of this theory are interested in questions of state power, the pursuit of national interest, and conflict between states. According to them states are inherently acquisitive and self-serving, and heading for inevitable competition of power. Some of the scholars stand for a balance of power, where any attempt by one state to achieve world dominance is countered by collective resistance from other states. Another group suggests that a dominant state can bring stability to world order. The ‘hegemon’ state (presently the US or G7/8) maintains and defines international rules and institutions that both advance its own interests and at the same time contain conflicts between other states. Globalization has also been explained as a strategy in the contest for power between several major states in contemporary world politics. At some levels, globalization is considered as antithetical to territorial states. States, they say, are not equal in globalization, some being dominant and others subordinate in the process. But they fail to understand that everything in globalization does not come down to the acquisition, distribution and exercise of power. Globalization has also cultural, ecological, economic and psychological dimensions that are not reducible to power politics. It is also about the production and consumption of resources, about the discovery and affirmation of identity, about the construction and communication of meaning, and about humanity shaping and being shaped by nature. Most of these are apolitical. Power theorists also neglect the importance and role of other actors in generating globalization. These are sub-state authorities, macro-regional institutions, global agencies, and private-sector bodies. Additional types of power-relations on lines of class, culture and gender also affect the course of globalization. Some other structural inequalities cannot be adequately explained as an outcome of interstate competition. After all, class inequality, cultural hierarchy, and patriarchy predate the modern states. 3. Theory of Marxism
Marxism is principally concerned with modes of production, social
exploitation through unjust distribution, and social emancipation through the transcendence of capitalism. Marx himself anticipated the growth of globality that ‘capital by its nature drives beyond every spatial barrier to conquer the whole earth for its market’. Accordingly, to Marxists, globalization happens because trans-world connectivity enhances opportunities of profit-making and surplus accumulation. Marxists reject both liberalist and political realist explanations of globalization. It is the outcome of historically specific impulses of capitalist development. Its legal and institutional infrastructures serve the logic of surplus accumulation of a global scale. Liberal talk of freedom and democracy make up a legitimating ideology for exploitative global capitalist class relations. The neo-Marxists in dependency and world-system theories examine capitalist accumulation on a global scale on lines of core and peripheral countries. Neo- Gramscians highlight the significance of underclass struggles to resist globalizing capitalism not only by traditional labor unions, but also by new social movements of consumer advocates, environmentalists, peace activists, peasants, and women. However, Marxists give an overly restricted account of power. There are other relations of dominance and subordination which relate to state, culture, gender, race, sex, and more. Presence of US hegemony, the West-centric cultural domination, masculinism, racism etc. are not reducible to class dynamics within capitalism. Class is a key axis of power in globalization, but it is not the only one. It is too simplistic to see globalization solely as a result of drives for surplus accumulation. Italso seeks to explore identities and investigate meanings. People develop global weapons and pursue global military campaigns not only for capitalist ends, but also due to interstate competition and militarist culture that predate emergence of capitalism. Ideational aspects of social relations also are not outcome of the modes of production. They have, like nationalism, their autonomy. 4. Theory of Constructivism Globalization has also arisen because of the way that people have mentally constructed the social world with particular symbols, language, images and interpretation. It is the result of particular forms and dynamics of consciousness. Patterns of production and governance are second-order structures that derive from deeper cultural and socio- psychological forces. Such accounts of globalization have come from the fields of Anthropology, Humanities, Media of Studies and Sociology. Constructivists concentrate on the ways that social actors ‘construct’ their world: both within their own minds and through inter-subjective communication with others. Conver sation and symbolic exchanges lead people to construct ideas of the world, the rules for social interaction, and ways of being and belonging in that world. Social geography is a mental experience as well as a physical fact. They form ‘in’ or ‘out’ as well as ‘us’ and they’ groups. Constructivists concentrate on the ways that social actors ‘construct’ their world: both within their own minds and through inter-subjective communication with others. Conver sation and symbolic exchanges lead people to construct ideas of the world, the rules for social interaction, and ways of being and belonging in that world. Social geography is a mental experience as well as a physical fact. They form ‘in’ or ‘out’ as well as ‘us’ and they’ groups. They conceive of themselves as inhabitants of a particular global world. National, class, religious and other identities respond in part to material conditions but they also depend on inter-subjective construction and communication of shared self-understanding. However, when they go too far, they present a case of social-psychological reductionism ignoring the significance of economic and ecological forces in shaping mental experience. This theory neglects issues of structural inequalities and power hierarchies in social relations. It has a built-in apolitical tendency. 5.Theory of Postmodernism Some other ideational perspectives of globalization highlight the significance of structural power in the construction of identities, norms and knowledge. They all are grouped under the label of ‘postmodernism’. They too, as Michel Foucault does strive to understand society in terms of knowledge power: power structures shape knowledge. Certain knowledge structures support certain power hierarchies. he reigning structures of understanding determine what can and cannot be known in a given socio-historical context. This dominant structure of knowledge in modern society is ‘rationalism’. It puts emphasis on the empirical world, the subordination of nature to human control, objectivist science, and instrumentalist efficiency. Modern rationalism produces a society overwhelmed with economic growth, technological control, bureaucratic organization, and disciplining desires. This mode of knowledge has authoritarian and expansionary logic that leads to a kind of cultural imperialism subordinating all other epistemologies. It does not focus on the problem of globalization per se. In this way, western rationalism overawes indigenous cultures and other non-modem life-worlds. Postmodernism, like Marxism, helps to go beyond the relatively superficial accounts of liberalist and political realist theories and expose social conditions that have favored globalization. Obviously, postmodernism suffers from its own methodological idealism. All material forces, though come under impact of ideas, cannot be reduced to modes of consciousness. For a valid explanation, interconnection between ideational and material forces is not enough. 6. Theory of Feminism It puts emphasis on social construction of masculinity and femininity. All other theories have identified the dynamics behind the rise of trans-planetary and supra-territorial connectivity in technology, state, capital, identity and the like. Biological sex is held to mold the overall social order and shape significantly the course of history, presently globality. Their main concern lies behind the status of women, particularly their structural subordination to men. Women have tended to be marginalized, silenced and violated in global communication. 7. Theory of Trans-formationalism This theory has been expounded by David Held and his colleagues. Accordingly, the term ‘globalization’ reflects increased interconnectedness in political, economic and cultural matters across the world creating a “shared social space”. Given this interconnectedness, globalization may be defined as “a process (or set of processes) which embodies a transformation in the spatial organization of social relations and transactions, expressed in trans continental or interregional flows and networks of activity, interaction and power.” Theory of Trans-formationalism
While there are many definitions of globalization, such a
definition seeks to bring together the many and seemingly contradictory theories of globalization into a “rigorous analytical framework” and “proffer a coherent historical narrative”. Held and McGrew’s analytical framework is constructed by developing a three-part typology of theories of globalization consisting of “hyper-globalist,” “sceptic,” and “transformationalist” categories. The Hyperglobalists purportedly argue that “contemporary globalization defines a new era in which people everywhere are increasingly subject to the disciplines of the global marketplace”. Given the importance of the global marketplace, multi-national enterprises (MNEs) and intergovernmental organizations (IGOs) which regulate their activity are key political actors. Sceptics, such as Hirst and Thompson (1996) ostensibly argue that “globalization is a myth which conceals the reality of an international economy increasingly segmented into three major regional blocs in which national governments remain very powerful.” Finally,transformationalists such as Rosenau (1997) or Giddens (1990) argue that globalization occurs as “states and societies across the globe are experi encing a process of profound change as they try to adapt to a more interconnected but highly uncertain world”. 8. Theory of Eclecticism
Each one of the above six ideal-type of social theories of globalization
highlights certain forces that contribute to its growth. They put emphasis on technology and institution building, national interest and inter-state competition, capital accumulation and class struggle, identity and knowledge construction, rationalism and cultural imperialism, and masculinize and subordination of women. Jan Art Scholte synthesizes them as forces of production, governance, identity, and knowledge. Accordingly, capitalists attempt to amass ever-greater resources in excess of their survival needs: accumulation of surplus. The capitalist economy is thoroughly monetised. Money facilitates accumulation. It offers abundant opportunities to transfer surplus, especially from the weak to the powerful. This mode of production involves perpetual and pervasive contests over the distribution of surplus. Such competition occurs both between individual, firms, etc. and along structural lines of class, gender, race etc. Their contests can be overt or latent. Surplus accumulation has had transpired in one way or another for many centuries, but capitalism is a comparatively recent phenomenon. It has turned into a structural power, and is accepted as a ‘natural’ circumstance, with no alternative mode of production. ACTIVITY 2-THEORIES OF GLOBALIZATION-(60 points) A. Analyze the pictures found in Slide#12,16,20,23,26,28,32,35 and answer the following questions: 1. Describe the picture in ONE WORD 2. How is this picture related to the theories of globalization? 3. Which of these theories do you believe most? Cite concrete examples.