Globalization Flashcards
Process of expanding various sociocultural and socioecological processes from national to international and transcultural level
GLOBALIZATION
Is a measurement of flows and interconnections of a country to other global players through exchanges in trade, capital, people and information
GLOBAL CONNECTED INDEX (GCI)
Is seen as the process that focuses on the movement of trade, capital and ideas
GLOBALIZATION
Integration of different markets and culture
GLOBALIZATION
Breaking down of territorial boundaries is eminent
GLOBALIZATION
Globalization is the changes in the temporal connections of people
Scholte (2005)
Identifies macro-cultural changes in a globalized society
Scholte (2005)
4 Key Shifts in a Society
Growth of trans- and supra- tarritorial connectivity
The shift from capitalism to hyper capitalism focused in production
A move from nationalism toward identifying pluralism and hybridity
From rationalism toward knowledge reflexivity
Factors Driving Globalization
Reductiom of trade barriers
Modern technology development as a key of globalization
Further promoted the development and information society
It is a key of globalization
Modern technology developments
An idea of prescribed path to attain development through certain set of activities, according to a defined vision
Development Paradigms
Integration of economies throughout the world
Economic Globalization
Trading and financial flows across countrie’s borders
Economic Globalization
Export/import
Trading
Economic exchanged
Trading
Deals between countries
Trading
Foreign investment
Capital Movement
Money lent to foreign business or governements
Commercial Loan
Money granted by rich countries to developing nations
Official Flows
Buying or putting up a firm in a foreign country or contributing to the enhancement of an existing firm
Foreign Direct Investments
Migration
Movement of People
Refers to increasing “contact between people and their cultures - their ideas, their values, their ways of life”
Cultural Globalization
Linked to globalization of lifestyles such as music, media, fashion, food, as well as globalization of knowledge, science, and technology
Cultural Globalization
Enlargement of the international political system and its establishments, wherw inter-regional dealings including trade are managed
Political Globalization
Political decision making can transcend the boundaries of nations
Political Globalization
Managing economic and trading matters, security, environment and other international issues, some institutions come into play (World Bank, IMF, UN)
Political Globalization
International businesses that are important players in globalization
Transnational Corporations
Meaning of UN
United Nations
Meaning of ASEAN
Association of Southeast Asian Nations
Facilitate investment of capital for member countries
World Bank
Fund large-scale projects by providing loans for member countries
World Bank
Implement the Structural Adjustment Policies (SAP’s) for countries borrowing
World Bank
Provide short-term emergency loan
International Monetary Fund
Help bring enormous flow of foreign money through loans and speculative investment
International Monetary Fund
Meaning of IMF
International Monetary Fund
Create rules for global trade and investment
World Trade Organization
Aim to reduce tariffs
World Trade Organization
Create agreement for member countries regarding multilateral policies that push governments to relax regulations on environement, food safety, and product quality
World Trade Organization
Encourage countries to deregulate economies
World Trade Organization
Meaning of WTO
World Trade Organization
Meaning of GCI
Global Connected Index
Meaning of SAP
Structural Adjustment Policies
