Module 1 & 2 - Introduction to Globalization

In the 1990s forcefully

When and How did globalization emerge?

Cultural Exchange, Dissemination of Knowledge, and Trade of Goods and Services

Globalization is a process as old as history itself because human race has always engaged in":

Refers to the intensification and expansion of political relations across the globe

Political Globalization according to Manfred Steger

Globalization according to Manfred Steger

Refers to the intensification and expansion of political relations across the globe

Political, Economic, and Social/Cultural

What are the three dimensions of Globalization?

Political Globalization according to Manfred Steger

It refers to the intensification and expansion of political relations across the globe

Economic Globalization

Refers to the widespread international movements of goods, capital, services, technology, and information

Social Globalization

Pertains to human interaction within cultural communities encompassing topics like family, religion, work, and education

Technological advances, policies that encourage international business relations, business outsourcing, education, and mass media

Causes of Globalization

Globalization according to Manfred Steger

the expansion and intensification of social relations and consciousness across world-time and world-space

A worldwide interconnectedness and multidemensional phenomenon

What is Globalization in 4 words according to manfred steger

Economic Globalization

a historic process, the result of human innovation and technological progress, and the increasing integration of economies around the world

Economic Globalization

The movement of goods, services, and capital across borders and the movement of people (labor) and knowledge (technology) across international borders

parochial behaviour

Wanting to sustain the status quo, being traditional, conservative, and refusig change.

Knowledge, awareness, and action

What are the three things that defines globalization in the sense that you are either a hyperglobalist or an anti-globalist?

Expansion

Refers to both the creation of new social networks and multiplication of existing connections that cut across traditional political, economical, cultural and geographic boundaries

Intensification

Refers to the expansion, stretching, and acceleration of global networks

Complex phenomenon that occurs at multiple levels, and an uneven process that affects us all differently

What are the two premises of globalization?

ethnoscapes, technoscapes, financescapes, mediascapes, and ideoscapes

What are the 5 scopes of globalization according to Appurai

Silk Road

considered the ____ ____ (Asia, Europe, Africa) the best example for archaic globalization 5,000 years ago

Discovery of the Americas and Direct Sea route to India by Vasco Da Gama

Adam Smith(1776) considered what two discoveries at the greatest achievement in Human History?

Transnational Corporations (TNCs)

According to Gereffi(2005), what/who are the major players of the present global economy?

Race to the bottom

refers to countries’ lowering their labor standards, including the protection of workers’ interests, to lure foreign investors seeking high profit margins at the lowest cost possible

The World System Analysis

claims that capitalism under globalization reinforces the structural patterns of unequal change. 

Bretton Woods system, European Monetary System(EMS)

The collapse of the _____ ______ ______ led to the setting up of the _______ _______ _______ in 1979.

European Union (EU), 1993

was formally established when the Maastricht Treaty came into force in ____. 

de-industrialization

Industrialization in developed countries caused ____ _________ in developing countries.

Archaic Globalization

Frank & Grills (1993): Silk Road connected Asia, Europe, and Africa, this is also known as?

Trade, UK and Netherlands

In the 1500-1800 The global economy was primarily ______ focused; most countries were self sufficient except for what two countries?

International Monetary Systems

The rules, customs, instruments, facilities, and organizations for international payments.

International Monetary Systems according to Cohen

reflects economic power and interests; money is political and part of diplomacy.

John Maynard Keynes

believed that economic crisis occurs not when a country does not have enough money, but when money is not being spent and, thereby, not moving. 

Capital

When economies slow down, according to Keynes, governments have to reinvigorate markets with infusions of?

Arjun Appadurai

The 5 scopes of globalization, who made these?

Free Trade

No restriction on imports and exports followed by countries