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
an understanding of the contemporary world, as well as globalization and its trends, issues, concerns, and implications, can be aided with these 3 approaches
ACR
Awareness, choice, and responsibility
a simplified process of thinking and decision-making
Awareness, choice, responsibility (ACR) framework
the state of having or showing realization, perception, and knowledge
awareness
the act or power of choosing
choice
the state of being responsible or it pertains to either moral or legal
responsibloty
a business manager who writes, “Once we are aware and have chosen an attitude of accountability, it befalls us to take responsibility to decide to take an action.
hazel coupe
Three Pillars to high-performance
awareness, accountability, and responsibility
used to describe the growing interdependence of the world’s economies, cultures, and populations brought by cross-border trade in goods and services
globalization
signifies a social condition characterized by the existence of global economic, political, cultural, and environmental interconnections
globality
what are the economic networks of globalization
trade, capital flows, and labor migration
communication and transportation networks
networks linking soldiers, criminals, and terrorists
advocacy networks
religious organizations
“globalization encompasses many trends, including expanded international trade, or monetary coordination
Goldstein (2009)
“the inexorable integration of markets, nation-states and technologies to a degree never witness”
Friedman (1999)
“globalization is defined as the unprecedented new world state, a special phase, of the world’s history that is already perceptible”
Kiss, Endre (2013)
“Globalization is the emergence of a complex web of interconnectedness that means that our lives are increasingly shaped by the events occur”
Heywood (2014)
“Globalization is a transplanetary process or set of processes involving increasing liquidity and growing multidirectional flows of people, objects , and places”
Ritzer & Dean (2015)
refers to a multidimensional set of social processes that create, multiply, stretch, ad intensify worldwide social interdependencies and exchanges
Globalization
refers to the expansion and intensification of social relations and consciousness across world-time and world space
Globalization
the set of relationships among the world states structured according to certain rules and patters of interaction
international system
is a community of persons more or less numerous, permanently occupying a definite portion of the territory
state
The declarative theory
PTGS people, theory, government, and sovereignity
Constitutive theory
recognition by other states and degree of civilizations
also referred as transnational actors
nonstate actors
a set of institutions and agencies concerned with formulating and implementing the collective goals of society
political system
determines the inputs through socialization, recruitment, and communication
system function
where collective decisions are made and implemented through interest articulation, policy-making and implementation
process function
treats the output through the processes of policy extraction, regulation, and distribution
output function
a historical process, the result of human innovation and technological progress
economic process