GLOBALIZATION Flashcards
Is the
process of
and integration among
people, companies, and
governments worldwide
Globalization
As a complex and multifaceted phenomenon, globalization is
considered by some as a form of __________
capitalist expansion
entails the integration of local and national economies into a
global, unregulated market economy.
capitalist expansion
GLOBALIZATION FIRST APPEARED IN THE _________
early 20th century
developed its current meaning some time in the second half
of the 20th century
GLOBALIZATION
When did globalization came into popular use
in the 1990s
began in the 1820s,
Large-scale globalization
T /F: in the late 19th century and early 20th century drove a rapid
contraction in the connectivity of the world’s economies and
cultures.
F
TYPES OF GLOBALIZATION
- POLITICAL
- CULTURAL
- ECONOMIC
is the
increasing economic interdependence
of national economies across the
world through a rapid increase in
cross-border movement of goods,
services, technology, and capital
Economic globalization
the process of increasing economic
integration between countries, leading
to the emergence of a global
marketplace or a single world market.
Economic globalization
refers to the transmission of ideas,
meanings, and values around the world in such a way as
to extend and intensify social relations
Cultural globalization
Cultural globalization is marked by the common consumption of
cultures that have been diffused by the ________
Internet,
popular culture media, and international travel.
T/F: The circulation of cultures
enables individuals to partake in
extended social relations that
cross national and regional
borders.
T
The creation and
expansion of such social
relations is not merely observed
on a ______
material leveL
involves
the formation of shared norms
and knowledge with which
people associate their individual
and collective cultural identities
Cultural globalization
brings increasing
interconnectedness among
different populations and
cultures
CULTURAL GLOBALIZATION
refers to the growth of the
worldwide political system
Political globalization
Political globalization increase in both
size and complexity
worldwide political system in political globalization
1.governmental
2. intergovernmental organizations
3. international non-governmental organizations
4. social movement organizations.
government-independent elements of global civil society
nternational non-governmental organizations and
social movement organizations
- One of the key aspects of the political globalization
declining importance of the nation-state
rise of other
actors on the political scene
who defined that pol glob. is the expansion of a
global political system, and its institutions, in which inter-
regional transactions (including, but certainly not limited to
trade) are managed”
William R. Thompson
the rise of a
global financial system with international financial
exchanges and monetary exchanges
Financial globalization
are a great example of the
financially connected global world
stock markets
information moves almost in
real-time, together with the interconnection and
interdependence of events and their consequences.
People move all the time too, mixing and integrating
different societies
Sociological globalization
the phenomenon by which millions
of people are interconnected thanks to the power of the digital
world
- Technological globalization
is the new organization and hierarchy
of different regions of the world that is constantly changing
Geographic globalization
with transportation and flying made so easy and
affordable, apart from a few countries with demanding visas, it is
possible to travel the world without barely any restrictions
Geographic globalization
accounts for the idea of considering
planet Earth as a single global entity
Ecological globalization:
T/F: it is often said
that the poorest countries that have been polluting the least will
suffer the most from climate change
T
improved standard of living
+
competition results to low prices and good product quality
developing countries reap benefits without going through the
growing pains;
+
Governments cooperate to achieve common goals
+
greater access to foreign culture creating more choices
+
outsourcing take away jobs
-
some cultural beliefs fade or disappear;
-
diseases spread
-
Lack of regulation lead to environmental degradation
-
Poor countries adopt policies not applicable to them
-
