Module 1 (extra) - Introduction and Defining Globalization

Interdisciplinary

Globalization is inherently?

State, Regional Trade Blocs, Corporations, MNL, and Global Economic Organizations

What are the Key Drivers of Globalization?

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

According to Manfred Steger, the working definition of globalization is?

The intensification and stretching of economic interrelations across the globe

According again to Manfred Steger, Economic Globalization is defined as?

Natural Resources, Infrastructure, Population, Labour, Human Capital, Technology, and Law

What are the 7 Factors of a Global Economy?

Free Trade

Is a policy followed by some international markets in which countries’ governments do not restrict imports from, or exports to, other countries.

Free Trade

Is exemplified by the European Economic Area and the Mercosur, which have established open markets

International Monetary Fund, World Trade Organzation, and World Bank

Give three examples of Global Economic Organizations

European Union

Give an example of a regional trade bloc

European Union

A customs union, a single market now with a single currency

Shrinking

Communication technology is ________ our world