INTRODUCTION TO

GLOBALIZATION
Globalization Concepts, Meanings, Features, and Dimensions

Globalization – people, ideas, and things expand throughout the

world through a process which encourages more connection and
integration between the world’s cultures, governments, and
economy.
Globalization is a process of interaction and integration among
the;
• People
• Companies
• Governments of different nations
Globalization is about growing worldwide connectivity.

According to the International Monetary Fund (IMF) globalization

is the growing economic interdependence of countries worldwide
through increasing volume and variety of cross border transaction
goods and services and of international capital flows and also
through the more rapid and wide diffusion of technology.
• Globalization is considered a multi-dimensional
process involving economic, political, technological,
cultural, religious and ecological dimensions.
• It suggest a dynamic process of change that results in
either positive or negative development.
• It leads to the creation of something new
• Involves the multiplication of social connection and
various activities
Attributes, Qualities or Characteristics of Globalization
Globalization’s 4 characteristics or qualities
1. It involves both the creation of new social networks and the
multiplication of existing connections that cut across traditional,
political economic, cultural and geographical boundaries.
2. Globalization is reflected in the expansion and the stretching of
social relations, activities, and connections.

3. Globalization involves the intensification and acceleration of social

exchanges and activities.
4. Globalization processes do not occur merely or an objective,
material level but they also involve the subjective plane on human
consciousness
HISTORICAL PERIODS OF GLOBALIZATION

1. The Prehistoric Period (10000 BCE-3500 CE)

2. The Pre-modern Period (3500 BCE – 1500 CE)
3. The Early Modern Period (1500-1750)
4. The Modern Period (1750-1070)
5. The Contemporary Period (from 1970 to present)
 DIMENTIONS OF GLOBALIZATION
There are six dimensions globalization. These include; economic,
political, technological, cultural, religious, and ecological
dimensions.
1. Economic Dimension
Major Sources of Economic Growth across Countries
1. Property rights
2. Regulatory institutions
3. Institutions for macro-economic
4. Stabilization
5. Institution for social influence
6. Institution for conflict management
2. Political Dimension
Political issues that Surface in this Dimension
1. The principle of state sovereignty
2. Increasing impact of various intergovernmental
organization
3. Future shapes of regional and global governance

3. Cultural Dimension
-the increase amount of cultural flows across the globe.
Cultural interconnections are at the foundations of contemporary
globalization.
4. Religious Dimension
Roman Catholic Teaching of Globalization
8 principles that summarize the Roman Catholic Teachings
1. Commitment to universal human rights
2. Commitment to social nature of the human person
3. Commitment to the common good
4. Solidarity (The principle of solidarity affirms that
membership in the human family means that all bear
responsibility for one another.)
5. Preferential of option of the poor
6. Subsidiary
7. Justice
8. Integral Humanism – is concerned with whole person justice is
divided in 3 categories;
1. Commutative justice
2. Distributive justice
3. Social justice
5. Ideological Dimension
Major Ideological Claims of Advocates of Globalism
1. Globalization is about the liberalization and global
integration of markets
2. Globalization is inevitable and irreversible
3. Nobody is in charge of globalization
4. Globalization benefits everyone
5. Globalization furthers the spread of democracy in the world
THANK YOU!