Globalization: Content & Dynamics

This set of flashcards covers key vocabulary terms and definitions related to globalization as discussed in the lecture.

Globalization

The process driving integration and interaction among people, companies, and governments worldwide.

Economic Interdependence

A situation where national economies become reliant on each other due to globalization.

Information Technologies

Technological advancements that are key drivers of globalization, facilitating communication and interaction.

Pluralism

A social framework that recognizes diversity and encourages coexistence of different cultures and ideas.

Urban Economic Power Concentration

The phenomenon of economic resources and opportunities being concentrated in major urban centers like NYC and Tokyo.

State Autonomy

The ability of a state to govern itself or make its own decisions independent of external influence.

Remittances

Money sent back home by migrants, significantly impacting the economy and poverty levels in their home countries.

Inclusive Growth

Economic growth that benefits all sections of society, reducing poverty and inequality.

Labor Migration

The movement of people from one country to another for the purpose of employment opportunities.

Environmental Degradation

The deterioration of the environment through depletion of resources, destruction of ecosystems, and pollution.

Cultural Interaction

The process by which different cultures influence one another through globalization.

Overseas Filipino Workers (OFWs)

Filipino individuals who work abroad, often sending remittances back to the Philippines.

Corporate Power

The influence and dominance of corporations over economic and political systems due to globalization.

Migration Policies

Rules and regulations governing the movement of people between countries, significantly influenced by globalization.

National and International Spheres

The distinction between domestic governance and global interactions, which are increasingly blurred by globalization.