Lesson 1: Introduction to Globalization Flashcards
(42 cards)
“Globalization as a concept refers both to the ____ and the ____ of consciousness of the world as a whole… both concrete global interdependence and consciousness of the global whole”
This is according to ____
“Globalization as a concept refers both to the Compression of the world and the intensification of the consciousness of the world as a whole… both concrete global interdependence and consciousness of the global whole”
This is according to Ronald Robertson
“Globalization can…be defined as the ____ of the world-wide social relations which link distant localities in such a way that local happenings are shaped by events ____ and vice versa”
This is according to ____
“Globalization can…be defined as the intensification of the world-wide social relations which link distant localities in such a way that local happenings are shaped by events occuring many miles away and vice versa”
This is according to Anthony Giddens
Why is Globalization a modern phenomenon? (3)
- MNCs have global reach and increasing power
- Travel and shipping are cheap and safe
- Governments have decreased tarrifs and regulations on international trade
(Nye, 2002)
At its core, is characterized by networks of connections that span multi-continental distances.
Globalism
(Nye, 2002)
It attempts to understand all inter-connections of the modern world – and to highlight patterns that underlie (and explain) them
Globalism
(Nye, 2002)
Refers to the increase or decline in the degree of globalism.
Globalization
It focuses on the forces, dynamism, or speed of these changes.
(Nye, 2002)
It is the process by which globalism becomes increasingly thick/ intense
Globalization
(Nye, 2002)
Globalization is a phenomenon with ____. Thus, the issue is not how ____ globalism is, but rather how ____ it is at any given time.
Globalization is a phenomenon with ancient roots. Thus, the issue is not how old globalism is, but rather how “thin” or “thick” it is at any given time.
Globalization: Summarized
According to Martell (2016),
“Globalization involves the ____ such that distances is less of a factor than it used to be in terms of knowledge, communication, and movement.
____ and things start to develop at a level that is more than, and above, inter-national relations.”
According to Martell (2016),
“Globalization involves the compression of space such that distances is less of a factor than it used to be in terms of knowledge, communication, and movement.
Geography and territory are undermined and things start to develop at a level that is more than, and above, inter-national relations.”
(Martel, 2016)
Key concepts of Martell (2016)’s summarized definition of globalization (4)
- “Globalization needs to be global in distance”
- “Globalization needs to be globally inclusive in inputs as well as reach”
- “There needs to be interdependency rather than just interconnection”
- “There needs to be stability and regularity in relations so that, rather than being intermittent or temporary, these establish a structure or system”
Competing Conceptions of Globalization
Globalization as ____
Globaloney
Globaloney: They believe that globalization is too complex and ambiguous
Rejectionists
Globaloney: They believe that globalism is limited in nature
Skeptics
Globaloney: They believe that globalization is not a novel
Modifiers
What rejectionists, skeptics, and modifiers tell us: (3)
- Be more careful and precise in using the term
- Remind us that some aspects of globalization may neither constitute new developments nor reach to all corners of the Earth – avoid globalizing tendencies
- The need to conceptualize globalization beyond economic lines, putting weight to its multidimensional character
Various approaches to globalization
- As Economic Process
- As Political Process
- As Cultural Process
The two most important aspects of economic globalization
- the changing nature of the production process
- the liberalization and internationalization of financial transactions
Approach to Globalization:
“The increasing linkage of national economies through trade, financial flows, and foreign direct investments… by multinational firms”
Globalization As Economic Process
(Gilpin, 2000)
Significant economic development that involves the changing nature of global production:
Powerful Transnational Corporations (TNCs) with subsidiaries in several countries
A process intrinsically connected to expansion of markets
Political globalization
As Political Process
“Globalization has happened because ____ have broken down many physical barriers to ____ which used to limit how much ____ activity of any kind could happen over ____”
As Political Process
“Globalization has happened because technological advances have broken down many physical barriers to worldwide communication which used to limit how much connected or cooperative activity activity of any kind could happen over long distances”
Globalization As Political Process:
Politics ____ vs Politics ____
Politics is rendered powerless
vs
Politics is the crucial category upon which rests a proper understanding of globalization
Refers to a “state formation beyond the national level”
This is according to who?
Global Governance
(Martin Shaw)
Portrayed globalization as diminishing the
sovereignty of national governance, thereby reducing the relevance of the nation-state and the need for effective global governance structures.
David Held and Anthony McGrew