GLOBALIZATION Flashcards
It is the speedup movements and exchange of goods and services in the world.
GLOBALIZATION
The
growing interdependence of the world’s
economies, cultures, and populations, brought
about by cross-border trade in goods and
services, technology, and flows of investment,
people, and information.
GLOBALIZATION
ASPECTS OF GLOBALIZATION
Technology
Economy
Migration
Characteristics of Globalization
Social Mobility, Intensification of interaction, Active process, Bordeless interaction, and Spread of ideas, knowledge, culture.
When did Charles Taze Russel coined Corporate Giant
1987
Globalization was used in kinder
1930
Globalization was coined
1970
Globalization was popularized by Theodore Levitt
1980
Globalization was used in an economic sense
1981
IMF identifies the 4 basic aspects of yome
2000
Globalization was defined as borderless society
2013
Globalization was often used in the academe
2017
Globalization was used in all discipline
2018
Early period events
- 1st civilization in Sumer and Indus Valley
- Trade route called Silk Road
Medieval period events
- Jews and Muslims trade around the world
- Age of discovery (Christopher Columbus Vasco De Gama)
- European colonization
Pre-modern events
- Industrial revolution
- European Colonization
- End of WW1
Modern Period Events
- Creation of General Agreement on Tariff and Trade (GATT)
- Commerce, trade, tax and tariff reduction
POLITICAL ASPECT
Thhe degree of political cooperation and
the political relationship of one state to another.
ECONOMIC ASPECT
The interconnectedness of economies
and trade of product and other resources
SOCIO-CULTURAL ASPECT
Transmission and sharing of
values, ideas, culture and information through media,
technology, tourism, language, religioncuisines, and
education.
It focuses on the expansion of the
capitalist system around the world. It covers the Core, Semi-Periphery, and Periphery.
Wallerstein Theory
These are Dominant, Wealthy, Developed countries. Higher class
Core countries
- newly-industrialized, developing countries, median standards of living
Semi-Periphery Country
Newly-industrialized, developing countries, lack of strong central government, low skill, labor ni zjamo
Periphery country
A theory that the world exists as a single socio-economic system made up of a core, periphery, and Semi-Periphery regions.
World systems theory
an analytical frame for
interpreting global relations, structures, and practices. It
primarily
attention goes to the global cultural and organization environment inwhich states are embedded. A theory of transnational interaction and global social change.
Worlds Polity theory
A particular interpretation of
globalization that focuses on the way in which participants in the
process becomes conscious of and gives meaning to living in the world
as a single place
