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CONTEMPORARY > LESSON 1 > Flashcards

LESSON 1 Flashcards

1
Q
  • globalization refers to “the expansion and intensification of social relations and consciousness across world-time and world-space”. It forms various kinds of connectivity, not just only in terms of economic activity.
A

Manfred Steger

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2
Q
  • if various connections in social, political, economic, cultural, and technological. As for intensification, it refers to acceleration or maintaining these affiliations globally.
A

GLOBALIZATION

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2
Q

is widely recognized to remake the traditional social structures that transform the reality of people in every corner of the world.

A

Globalization

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2
Q
  • stresses the significance of viewing globalization as a process instead of a fixed phenomenon.
A

Manfred Steger

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2
Q

THREE MAIN CATEGORIES OF ACTORS:

A

ECONOMIC
POLITICAL
CULTURAL

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3
Q

Recognizing and understanding these can help entrepreneurs thrive in an increasingly globalized world.

A
  • Access to new markets
  • Competition
  • Opportunities for collaboration
  • Cultural diversity
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4
Q
  • Due to _________, people from various backgrounds, viewpoints, and cultures are getting to know one another better.
A

globalization

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4
Q
  • It refers to the increased flow of trade, people, investment, technology, culture, ideas among countries and creates a more integrated and interdependent world.
A

GLOBALIZATION

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5
Q

has been around since the 15th century when European exploration & colonization created global empires & markets.

A

GLOBALIZATION

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6
Q
  • . “A matrix of social processes that is transforming our present social condition and conventional nationality into one of globality.”
A

Steger’s definitions

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7
Q
  • means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet.
A

Globalization

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7
Q
  • One of the effects of _________ is that it promotes and increases interactions between different regions and populations around the globe.
A

globalization

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7
Q

the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, the flow of international capital and the wide and rapid spread of technologies.

A

What Is Globalization in the Economy?

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8
Q

ASPECT OF GLOBALIZATION

A
  1. Economical
  2. Cultural
  3. Social
  4. Technological
  5. Political
  6. Ecological
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8
Q
  • globalization is defined as the set of processes (economic, social, cultural, technological, institutional) that contribute to the relationship between societies and individuals around the world.
A

What is Globalization in Geography?

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9
Q

changes the way nations, businesses and people interact.

A

Globalization

10
Q
  • is the development of trade systems within transnational actors such as corporations or NGOs;
A

Economic globalization:

11
Q
  • can be linked with the rise of a global financial system with international financial exchanges and monetary exchanges. Stock markets, for instance, are a great example of the financially connected global world since when one stock market has a decline, it affects other markets negatively as well as the economy as a whole.
A

Financial globalization

11
Q
  • refers to the interpenetration of cultures which, as a consequence, means nations adopt principles, beliefs, and costumes of other nations, losing their unique culture to a unique, globalized supra-culture;
A

Cultural globalization

11
Q
  • the development and growing influence of international organizations such as the UN or WHO means governmental action takes place at an international level. There are other bodies operating a global level such as NGOs like Doctors without borders or Oxfam;
A

Political globalization

12
Q
  • 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;
A

Sociological globalization:

13
Q
  • the phenomenon by which millions of people are interconnected thanks to the power of the digital world via platforms such as Facebook, Instagram, Skype or Youtube.
A

Technological globalization:

14
Q
  • is the new organization and hierarchy of different regions of the world that is constantly changing. Moreover, 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;
A

Geographic globalization:

15
Q
  • accounts for the idea of considering planet Earth as a single global entity – a common good all societies should protect since the weather affects everyone and we are all protected by the same atmosphere. To this regard, it is often said that the poorest countries that have been polluting the least will suffer the most from climate change
A

Ecological globalization:

16
Q
  • has benefits that cover many different areas. It reciprocally developed economies all over the world and increased cultural exchanges
A

THE BENEFITS OF GLOBALIZATION

17
Q
    • a Swedish journalist, saw globalization as a “process of world shrinkage, of distances getting shorter, things moving closer.
A

Thomas Larsson

17
Q
    • the former President of Third World Network in Malaysia, once regarded globalization as colonization.
A

Martin Khor

17
Q
  • , stated globalization means the onset of borderless world.
A

Ohmae (1992)

17
Q
  • -the characteristics of globalization trend include the internationalizing of production, the new international division of labor, new migratory movements from South to North, the new competitive environment, and the internationalizing of the state.
A

Robert Cox

17
Q

Metaphors of Globalization

A
  • Solidity
  • Liquidity
18
Q
  • “globalization is a trans planetary process or a set of processes involving increasing liquidity and the growing multidirectional flows of people, objects, places, and information, as well as the structures they encounter and create that are barriers to, or expedite, those flows.
A

Ritzer (2015)

19
Q
    • refers to barriers that prevent or make difficult the movement of things.
A

Solidity

20
Q
    • refers to the increasing ease of movement of people, things, and information, and places in the contemporary world.
A

Liquidity

CONTEMPORARY (8 decks)

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