CONTEMPORARY WORLD 101 Flashcards
It is the speed up of movements and exchanges of human resources, goods, and services capital, technologies and cultural practices.
The intensification or expansion of eco., pol., and soc. real. around the world.
‘Globalization’
It describes designing a product in a way that it may readily be consumed across multiple countries.
‘Internationalization’
It is the process whereby societies come under or adopt western culture in areas such as industry, technology, politics, economics, lifestyle, law, norms, mores, customs, and traditions.
‘WESTERNIZATION
It is the development of trade systems within transactional actors such as multinational corporations or NGO’S.
Economic Globalization
It can be linked with the rise of a global financial system with international financial exchanges and monetary exchange.
Ex. Stock Market, when stock market declines, it affects other market negatively as well as the economy as a whole
Financial Globalization
The interpenetration of culture which as a consequence, nations adopt principles, beliefs, and customs of other nations, losing their unique culture
Cultural Globalization
The development and growing influence of international organizations such as the UN or WHO means governmental action takes place at an international level.
Political Globalization
The integration of different culture of different societies become possible
Sociological Globalization
The phenomenon by which millions of Filipinos are interconnected because of the power of the digital world such as FB, IG, SKYPE, or YouTube.
Technological Globalization
It is the organization and hierarchy of different regions of the world that is constantly changing.
Moreover, with Transpo, flying made so easy and affordable, apart from a new country with demanding visas.
It is possible to travel the world without barely any restrictions or less restriction.
GEOGRAPHIC GLOBALIZATION
It accounts for the idea of considering planet earth as a single global entity
Ecological Globalization
All societies should protect since the weather affects everyone and we are all protected by the same atmosphere
Ecological Globalization
To this regard,, it is often said that the poorest countries that have polluted the least will suffer the most from climate change.
Ecological Globalization
What are the forces and Drivers of Globalization?
Economics
Politics
Culture
Environment
Individual and Institutions
Technology
It refers to the increasing interdependence of the world economies as a result of the growing scale of cross-boarder trade of commodities and services, flow of international capital and wide and rapid spread of technologies.
Economic Globalization
It is a natural result of technological progress.
Economic Globalization