STRUCTURES OF GLOBALIZATION

INTERNATIONALIZATION

Extension of Economic Activities of

nation-states across borders

ECONOMIC GLOBALIZATION

Functional integration between

internationally dispersed activities

INTERNATIONAL ECONOMIC

ORGANIZATIONS

Critical in developing & pushing neoliberal policies

MULTINATIONAL COMPANIES

(MNCs)

Main carriers of Econ. globalization

CENTRAL BANKS

Most powerful institutions in the world

economy thru leading Econ. Dev.

GLOBAL CIVIL SOCIETY

Major driver of Econ. Globalization thru

protesting & seeking alternatives

International Monetary Fund (IMF)

Promotes international monetary

cooperation & exchange stability; provide

short-term financial assistance for ease of

balance of payments adjustments

Organization for Economic

Cooperation & Development (OECD)

Facilitates trade & development

discussions among states

International Financial Institutions

(IFIs)

Give loans to governments for large-

scale projects, restructurig & balance of

payments to boost econ. growth

Regional Organizations

Promotes regional agreements & standards

facilitating better trade & exchange of

knowledge of human resources

INTERNATIONALISM

Emphasizes on diversity and

celebrates multiculturalism

GLOBAL INTERSTATE

SYSTEM

An institutional arrangement of

governance that addresses regional

or globalized issues that go beyond

the scope of the nation-state (Chase-

Dunn, 1981)

GLOBALISM

Focuses on the economic aspect of

the exchanges among countries &

society

PAROCHIALISM

an outlook that is limited to one’s immediate community

PAROCHIAL

a person who is only concerned with his/her family, village, or even country

CONTEMPORARY WORLD

novelty, new, modern, new trend, or an idea of the present age

SOCIAL MOVEMENT

people and organizations advocating for positive social change through a variety of means and approaches

DEREGULATION

the loosening of government regulations, usually to favor private corps flexibility of operations and profitability

LIBERALIZATION

a process of policy or removal, or reduction of strictions or barriers on the free trades between nations

PRIVATIZATION

is a process or policy of subjecting an industry or service to private control and partnership

PUBLIC SECTORS

government ownership and control

PRIVATE SECTORS

the segment of the economy that is owned and operated by private individuals and companies, rather than the government

CIVIL SOCIETY ORGANIZATION

a non-profit, voluntary citizens' group that operates independently of government and business sectors to address social issues, provide essential services, and advocate for citizens' interests on a local, national, or international level