Prelims 2nd sem Flashcards
It is the process of integration and the international influence of economies and cultures
Globalization
Factors of Globalization
-Globalization in Economics
-Globalization in the Blending of Cultures
-Globalization in Technology
is more with the nations and their economies.
Globalization
This is more related to local individual, firm, and corporations for doing up their business.
Internationalization
is related to a firm’s movement overseas, artists performing overseas.
Internationalization
refers to removing restrictions; usually, government rules and regulations
are imposed on social, economic, or political matters.
Liberalization
the adoption of the practices and culture of western Europe by societies and countries in other parts of the world, whether through compulsion or influence.
Westernization
began with traders, colonizers, and missionaries from western Europe who believed that their way of life was superior to those of the peoples in the countries to which they traveled.
Westernization
is the financial connection of a country with the global economic system
Economic Globalization
This removes the regulatory rules imposed on a country’s economic affairs and exposes the domestic economy to the world.
- Economic Globalization
the expression of globalization also occurs in political ideology
Political Globalization
It influence the actions and policies of the government or getting and keeping power in the government.
- Political Globalization
the rise of a global financial system with international and monetary exchanges.
Financial Globalization
is defined as the process which embodies the growing extensity and intensity of military relations among the political units of the world system.
Military Globalization
This is the process of cultural globalization and is also sometimes called Mcdonaldization
Cultural Globalization
