INTRO TO GLOBALIZATION Flashcards
process of interaction and integration among the people, companies and governments of different nations, a process driven by international trade and investments and aided by information
technology.
Globalization
Defined as the free movement of goods, services and people across the world in seamless and integrated manner.
Globalization
It makes the world accessible to everyone.
Globalization
He defined globalization as a network of internal and external security where nations operate with regards to national and global issues.
Thomas Friedman (2000)
8 TYPES OF GLOBALIZATION
Financial Globalization
Economic Globalization
Technological Globalization
Political Globalization
Cultural Globalization
Sociological Globalization
Ecological Globalization
Geographical Globalization
The world’s financial systems have become intimately interconnected.
Financial Globalization
The existence of transnational corporations
Economic Globalization
There exists a “global village” where everything can be accessed by using computer and mobile phones.
Technological Globalization
The pressure of different countries to adopt uniform policies to boost interdependence.
Political Globalization
Through technology, the culture of other countries become known to the extent that it became part of another countries.
Cultural Globalization
A single “world” society exists having one set of values/beliefs, like the agreement of different societies.
Sociological Globalization
Different countries from all over the world
experienced the dreadful effect of global warming.
Ecological Globalization
A borderless world concerned with
ecological, political cultural and economic relationships.
Geographical Globalization
Six Core Claims of Globalization
(Steger, 2005)
Claim one:
globalization is about the liberalization and global integration of markets.
