Fundamentals to Globalization Flashcards
(32 cards)
is a phenomenon with ancient roots
Globalism
2 special characteristics of Globalism
- Networks of connections (multiple relationships), not simply to single linkages
- Must include multicontinental distances, not simply regional networks
refers to ideas and information about power and governance
Political globalism
involves the spread of legal practices and institutions to various issues
Legal globalism
involves long distance flows of goods, services, and capital, and the information and perceptions that accompany market change
Economic globalism
refers to long distance networks of interdependence in which force, and the threats of promise of force are employed
Military globalism
refers to the long distance transport of materials in the atmosphere or oceans or of biological substances that affect human health and well-being
Environmental globalism
involves movements of ideas, information, and images, and of people
Social and cultural globalism
represents the global as something increasingly achieved, real, and manifest
Globality
is the process by which globalism becomes increasingly thick
Globalization
- only the “developed” parts of the world were influenced by historic globalization
- the Silk Trade in China before. Silk Road provide an economic and cultural link between ancient Europe and Asia, but the route was plied by a small group of hardy traders, and the goods that were traded back and forth had a direct impact primarily on a small (and relatively elite) stratum of consumers along the road.
Thin Globalization
Who called this phenomenon where only the “developed” parts of the world were influenced by historic globalization.
Keohane and Nye
- the spread of trade and many countries were evidently involved
- many interconnection plus intervention with other sectors.
- The operations of global financial markets today, affect the people from Peoria (city in Illinois, USA) to Penang (Malaysia). - involves many relationships that are intensive as well as extensive: long distance flows that are large and continuous, affecting the lives of many people.
Thick Globalization
- involves mutual dependence and cooperation. This means that what happens in one place usually has consequences elsewhere
- A political and economic situation in which two states are simultaneously dependent on each other for their well-being
Interdependence
3 dominant positions in the debate
Hyperglobalizers and transformalists
Weak globalizers
Skeptic and rejectionists
See the profound changes in the international system such as: erosion of sovereignity, And the week of nation-states, a borderless economy that integrates people everywhere in the global market and the emergence of new forms of social economic organizations that challenges, traditional states.
HYPERGLOBALIZERS AND TRANSFORMATIONALISTS
How are contemporary patterns of globalization are viewed?
UNPRECENDENTED
Acknowledged the many part changes in the international sy, but argue that the increase internalization is not outduring the world to the extent claim by the hypeglobalizers Add transformerationalist. States remain submarine and people around the world, while leaving in the “global village” continue to jealously guard their own huts, cultural, nationalism, and geography continue to divide us
WEAK GLOBALIZERS
Basically argued that globalization is largely a myth that disguises their reality of existence of powerful sovereign states and major economic divisions in the world.
SKEPTIC AND REJECTIONISTS
Causes about Globalization (Acc to NASSAR and PAYNE)
MIGRATION
ADVANCES IN MILITARY
MEDICAL TECHNOLOGIES
FINANCIAL MARKET EXPANSION
COMMUNICATIONS REVOLUTION
Is the intercontinental exchange of products, services and labor.
ECONOMIC GLOBALIZATION
This led to the deepening and expansion of global finance. Financial problems affecting a country such as the terrorist attack in the World War center and Pentagon on Sept. 11, 2001 sent shock waves through Financial markets worldwide, Painfully demonstrating directly kidges among American, European, Asian, And the latin economies
FINANCIAL GLOBALIZATION
Characterized by the acceptance of states, The relative power of states, And the spread of non state political and regional organizations compose of states, And the spread of non state political actors.
POLITICAL GLOBALIZATION
National Policies In one country are intertwined, with those of other countries, and many national problems can be solved through global cooperation.
POLICY INTERDEPENDENCE