Chapter 1 Flashcards
(73 cards)
changes in our planet reflected in our use of technology with communications made faster because of?
internet
the contemporary world cannot be done without discussion of?
globalization
As ?, we cannot live without interacting with other people
social beings
is our home where we all live at these extraordinary and unexpected times.
contemporary world
Who stated “…globalization means the onset of a borderless world…” or a world without limits
Ohmae
Who discussed that “the characteristics of the globalization trend include the internationalizing of production, the new international division of labor, new migratory movements
from South to North, the new competitive environment that accelerates these processes, and the internationalizing of the state…making states into agencies of the globalizing world”
Robert Cox
is a global movement towards integration of the economy, finance, commerce, and communications opening up local and nationalistic perspectives to a broader view of an interconnected world with free transfers of capital, goods, and services across national borders
Globalization
“Globalization is a global movement towards integration of the economy, finance, commerce, and communications opening up local and nationalistic perspectives to a broader view of an interconnected world with free transfers of capital, goods, and services across national borders”
Lobo, Ambida, Maliban and Mesinas
Who defined globalization as “world compression and global awareness intensification”
Robertson
Who defined globalization as a so-called transplanetary process containing increasing liquidity and the growing flows of people, objects, places, information and structures
encountered and create barriers to those flows
Ritzer
Who briefly described globalization as “colonization”
Martin Khor
provided the description that globalization is the “expansion and intensification of social relations and consciousness across world-time and across world-space”
Manfred Steger
a formation of a ? with closer contact to other parts of the world due to faster
feedback from internet for real-time communication
global village
where free trade increases relations among members of an
industry in different parts of the world but this causes some loss of economic national sovereignty since the state becomes obligated to follow trade agreements with other
countries even to the detriment of the less developed state
economic globalization
Is simply define it as an economic process where transfer of goods, services, and information flow effortlessly across borders leading to strengthen social relations with
others across the globe.
globalization
thereby creates more enduring and highly interactive connection, and dynamic co-dependence among societies in various economies.
Globalization
It is not something fixed because it is a broad concept that involves a great number of things closely related to integration of people, places, goods, services, and information but with many contradicting views about its nature. With regard to the nature of globalization
nature of globalization
Who gave the following nature, metaphors, advantages and disadvantages of globalization
Tomas (2015)
Nature of globalization:
- Liberalization
- Free Trade
- Globalization of economic activity
- Liberalization of Import/Export System
- Privatization
- Increased Collaborations
- Economic Reforms
Metaphors of globalization:
(1) Solidity
(2) Liquidity
(3) Flows
are obstacles that prevent movement of things e.g. landforms, bodies of water;
Solidity
growing ease of movement of people, things, and information e.g. stock market
Liquidity
movement of people, things, and information brought by penetrability of global
limitations e.g. foods introduced by foreign cultures (Aldama, 2018).
Flows –
Signs of globalization:
- faster international trade
- surge in international flow of capital including foreign direct investment
- larger trans-border data flow using technologies e.g. internet, communication satellites
- greater international cultural exchange e.g. export of Hollywood movies
- terrorism has also undergone globalization e.g. Terrorists attacked places over the world
- loss of national sovereignty through international agreements and forming of organizations
- grander international travel and tourism
- expanded immigration including illegal immigration
- increase of global telecommunications infrastructure
- improvement of global financial systems
- more multinational corporations controlling an increased share of the world economy
- rising standards like copyright laws applied globally by international organizations