CHAPTER 1-GLOBALIZATION Flashcards
the process in which people, ideas and goods spread
throughout the world, spurring more interaction and integration between the world’s
cultures, governments and economies
GLOBALIZATION
a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology
GLOBALIZATION
This process has effects on __________,on ________________ , on ______________, on _________________ and ___________ and on ___________________________
on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world
It is about growing worldwide connectivity
GLOBALIZATION
T OR F
There were similarities in features of those prevailing wave of globalization before the outbreak of the First World War in 1914 to the Current wave
TRUE
T OR F
There is an increase cross border- trade, investment, and migration due to policy and technical developments in the past few decades.
TRUE
T OR F
It is in the area of economic development that observers believe the world has entered a new phase.
TRUE
T OR F
Today’s globalization is farther, faster, cheaper, and deeper in compared to earlier wave of globalization .
TRUE
T OR F
In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment.
TRUE
Taking advantage of new opportunities in foreign markets, corporations have not built foreign factories and established production and marketing arrangements with foreign partners.
FALSE - HAVE BUILD
T OR F
Governments also have not been negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment.
FALSE- HAVE NEGOTIATED
A defining feature of globalization, therefore,
is an international industrial and financial business structure
T OR F
Economic life is dramatically transformed by advancement in information technology.
TRUE
WHAT IS ONE OF THE PRINCIPAL DRIVER OF GLOBALIZATION?
TECHNOLOGY
T OR F
All sorts of individual economic actors like consumers, investors, and businesses which are valuable new tools for
identifying and pursuing economic opportunities, including faster and more informed analyses of economic trends around the world, easy transfers of assets, and collaboration with far-flung partners are provided by information technologies.
TRUE
The process of integration of economies across the world through cross-border flow of factors product and information
GLOBALIZATION
T OF F
According to the International
Monetary Fund (IMF) market in integration is the growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions
in goods and services and of international capital flows and also through the more rapid and wide diffusion of technology
FALSE- globalization
It is an expansion, and intensification of social relations and
consciousness across world time and world space. It is about growing worldwide connectivity according to___________.
Globalization- acc. to Steger
globalization is considered a multi-dimensional process involving ___________, ____________, ___________, ___________ ,________ and __________
economic, political, technological, cultural, religious and ecological dimensions
T OR F
Globalization suggests a dynamic process of change that results in either positive or negative development. It leads to the creation of something new; it involves social connections and various activities that transgress traditional and political, economic, cultural and geographical lines.
TRUE
4 CHARACTERISTICS AND QUALITIES OG GLOBALIZATION
1ST-
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.
4 CHARACTERISTICS AND QUALITIES OG GLOBALIZATION
2ND-
Globalization is reflected in the expansion and the stretching of social relations, activities, and connections.
4 CHARACTERISTICS AND QUALITIES OG GLOBALIZATION
3RD-
Globalization involves the intensification and acceleration of social exchanges and activities.
Historical Periods of Globalization
In this earliest phase of globalization, contacts among hunters and gatherers – who were spread around the world – were geographically limited. In this period due to
absence of advanced forms of technology, globalization was severely limited
The Prehistoric Period (10000 BCE-3500 BCE)
4 CHARACTERISTICS AND QUALITIES OG GLOBALIZATION
4TH-
Globalization processes do not occur merely or an objective, material level but they also involve the subjective plane of human consciousness. Without erasing local and national attachments, the compression of the world into a single place has increasingly made global the frame of reference for human thought and action.
Globalization involves both the macro-structures of a global community and the micro-structures of global personhood. It extends deep into the core of the self and its dispositions, facilitating the creation of multiple individual and collective identities nurtured by the intensifying relations between the personal and the global. They differ from each other by acceleration in the speed of social exchanges and widening of
geographical scopes .
Historical Periods of Globalization
It is the period between the Enlightenment and the Renaissance. In this period, European Enlightenment project tried to achieve a universal form of morality and law. This with the emergence of European metropolitan centers and unlimited material accumulation which led to the capitalist world system helped to strengthen globalization
The Early Modern Period (1500-1750)
Historical Periods of Globalization
In this period the invention of writing and the wheel were great social and technological boosts that moved globalization to a new level. The invention of wheel in addition to roads made the transportation of people and goods more efficient. On the
other hand writing facilitated the spread of ideas and invention
The Pre-modern Period (3500 BCE- 1500 CE)
Historical Periods of Globalization
Innovations in transportation and communication technology, population explosion, and increase in migration led to more cultural exchanges and transformation in traditional social patterns. Process of industrialization also accelerated.
The Modern Period (1750-1970)
Historical Periods of Globalization
The creation, expansion, and acceleration of worldwide interdependencies occurred in a dramatic way and it was a kind of leap in the history of globalization
The Contemporary Period (from 1970 to present)
Dimensions of Globalization
This refers to the extensive development of economic relations across the globe as a result of technology and the enormous flow of capital that has stimulated trade in both sources and goods
Economic Dimension
Major players in the current century’s global economic order
- Huge international corporations
(General Motors, Walmart, Mitsubishi)
International Economic Institutions
Tradig System
(IMF, World Bank, The WorldTrade Organization)
Major Sources of Economic Growth across Countries
- Property rights
- Regulatory institutions
- Institutions for macro-economic
- Stabilization
- Institutions for social influence
- Institutions for conflict management
This refers to an enlargement and strengthening of political interrelations across the globe
Political Dimension
Political Issues that Surface in this Dimension
- The principle of state sovereignty
- Increasing impact of various intergovernmental organization
- Future shapes of regional and global governan
This refers to the increase in the amount of cultural flows across the globe. Cultural interconnections are at the foundations of contemporary globalization
Cultural Dimension
T OR F
The globalization rendered almost powerless any political efforts to introduce restrictive policies affecting individual states, with the results that the world in many ways turned into a borderless world. Governments often seek to restrict the migration of peoples, especially those coming from the poor countries in the global South
TRUE
In the development of supra-national structures and associations held together
by common concerns and mutually agreed upon norm, the most obvious is ______________
political globalization
T OR F
In the Cultural Dimension, Individualism and consumerism which are the dominant cultural characteristics of
our age and the drive for economic success stimulated by the internet and other technological devices circulate much more easily than they did in earlier periods. In the
dissemination of popular culture, transactional media corporations play a major role which brought a sharp rise in homogenized popular culture that is manifested in the
dominance of fast food restaurant on more aspects of life throughout the world.
TRUE
Cultural diversity often result to ___________
hybridization
a constructive interaction process between global and local characteristics which is often visible in food, music, dance, film, fashion, and language.
hybridization
T OR F
Media empires generated and directed the extensive flow of culture. Examples of these are Yahoo, Google, Microsoft, and Disney.
TRUE
__________ plays an important role
in this cultural flow by featuring various celebrities in the television aside from
transforming newscast into entertainment
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It is a personal or institutionalized set of attitudes, beliefs, and practices relating to or manifesting faithful devotion to an acknowledged ultimate reality or deity
Religion
It is the most important defining element of any civilization as contrasted with race, language, or way of life.
Religious Dimension
it is also portrayed as a defining element in future
conflicts.
Religion
There are eight (8) principles that summarize the Roman Catholic Teachings
- Commitment to universal human rights
- Commitment to the social nature of the human person
- Commitment to the common good
- Solidarity (The principle of Solidarity affirms that membership in the human family means that all bear responsibility for one another.)
- Preferential option of the poor (In the Theology of the Incarnation- Christ God became poor for us so as to enrich us by his poverty. The poor are susceptible to the effects of environmental irresponsibility because they live in countries where cheap building materials and cheap labor are readily available. They regularly work in farming, fishing, and forestry, areas which suffer environmental damage).
- Subsidiary (The Catholic Church teaches that decisions should be made at the lowest level in order to achieve the common good.
- Justice
- Integral Humanism- is concerned with whole person
It is a religious response to the materialist assault by the ungodly West in the rest of the world
Jihadist globalism
This aims at fulfilling the terms of contracts and other
promises on both personal and social level.
Commutative justice
This ensures a basic equity in how both the burden and the
goods of society are distributed and that ensures that every person enjoys a basically equal moral and legal standing apart from differences in wealth, privilege, talent and achievements
Distributive justice
This refers to the creation of the conditions in which the first
two categories of justice can be realized and the common good
identified and defended
Social justice
It is a system of widely shared ideas, beliefs, norms and values among a group of people
it also connects human actions with some generalized
claims
Ideology
T OR F
According to catholic teaching, a just society is one which these forms of justice are assured because they are required by human dignity
TRUE
It is often used to legitimize certain political interests or to defend dominant power structures.
Globalization is a social process of intensifying global interdependence whileglobalism is an ideology that gives the concept of neo-liberal values and meanings to globalization.
Ideological Dimensions
Major Ideological Claims of Advocates of Globalism
- . Globalization is about the liberalization and global integration of markets
- Globalization is inevitable and irreversible
- Nobody is in charge of globalization
- Globalization benefits everyone.
- Globalization furthers the spread of democracy in the world.
