Midterm Coverage Flashcards
often described as the concept of interconnectedness, integration, linkages, expansion in the context of countries, economy, sector, and individuals.
Globalization
multifaceted and multidimensional, and it transcends physical or temporal boundaries.
Globalization
a professor of sociology and the author of SAGE Handbook of Globalization. Which presents the balanced overview of the fundamental approaches to studying of globalization.
Manfred Steger
beyond and across the boundaries of politically established territories of nation states or countries.
Transnational
literally meaning to leftover scrap meat. used to refer to something that is foolish, deceptive talk, pretentious nonsense.
Baloney
often used as generalized expression of disagreement.
baloney
coined conjugation of the words globalization and baloney, with the latter being used idiomatically to mean,”nonsense”.
Globaloney
the absence of clear-cut definitions or norms for filtering data and an analytical method to validate
evidentiary information
say that globalization is not a sufficiently precise analytical concept.
rejectionists
according to her, the word globalization is a vacuous term because it has been used in academic discourse.
Susan Strange
seek empirical evidence that directly supports globalization as an objective and analytical concept.
Rejectionists
state that the world is not nearly as integrated because the so-called globalizing process is only limited in specific areas.
skeptics
they argue that globalization is not a new recent process and that the term has not been correctly used over time.
modifiers
globalization involves the increasing linkages of national economies through trade, financial flows, and foreign direct investments by multinational firms.
globalization as an economic process
proponents of this approach argue economic perspectives. Their arguments center these two questions: what are the political factors affecting the flow of capital, funds, and technology across territories?
DO economic resource flows challenge the power of a nation state?
globalization as a political process
this approach state that globalization is a multidimensional occurence anchored in culture
globalization as a cultural process
a densely growing network of complex cultural interconnections and interdependencies that characterize modern social life
cultural globalization
the financial transaction and exchanges of money between investors and borrowers.
financial system
reduction, relaxation or outright removal of restrictions or control on certain activities.
deregulation
mechanism imposed by financial institutions to ensure creditworthiness of borrowers and reduce loan defaults or bad loans
credit controls
the transfer of ownership of a publicly owned/operated business or operation to a private sector owner/operator
privatization
are physical or virtual markets where primary products are traded
commodity markets
various called as, “country”, “nation”, or “state”.
nation-state
refers to the characteristics features of everyday existence, what is called “way of life” shared by people in a place or time
culture