GE-TCW MIDTERMS

Globalization

• The interconnectedness of people and business across the world, that eventually led to global, cultural, political, and economic integration

Goldstein (2009)

• Globalization encompasses many trends, including expanded international trade, monetary coordination, multinational corporations, telecommunications, technical and scientific cooperation, cultural exchanges of new types and scales, migration, and refugee flows, and relations, between world's rich and poor countries and between human beings and natural environment.

Friedman (1999)

• The inexorable integration of markets, nation states and technologies, to a degree never witnessed before in a way that is enabling individuals, corporations, and nation states, to reach around the world farther, faster, deeper, and cheaper than ever before.

Kiss Endre (2013)

• Globalization is defined as the unprecedented new world state, a special phase of the world history that is already perceptible but that started ultimately in its mature form in the 1989 with retreat of communism.

Heywood (2014)

• Globalization is the emergence of a complex web of interconnectedness that means our lives reincreasingly shaped by events that occur, and decisions that are made, at a great distance from us. Distinction are commonly drawn between economic globalization, cultural globalization, and Political globalization

Ritzer and Dean (2015)

• Globalization is a trans-planetary process or set of processes involving increasing liquidity and growing multidirectional flows of people, objects, places, and information as well as the structure they encounter and create that are barriers to or expedite those flows.

characteristics of globalization:

• there is social mobility of movement of people regardless of reason

• Intensification of interaction

• an active process

• borderless interaction

• spread of ideas, knowledge, culture, and religion

historical background

1897 - Charles Taze Russell coined the term corporate giants which means large national trust and large national enterprises during that time.

1930 - the word “globalize” was referred to as denoted holistic view of human experience in education (the word released in a publication)

late 1970s - GLOBALIZATION was couned

1980s - it was coined as an economic sense

1981 - it was popularized by Theodore Levitt

Late 2000s - the IMF identified the four aspects of globalization

2013 - it was used to define borderless society

2017 - it was often used in the ACADEME

2018 - it was already used in all disciplines

indicators of Globalization

• interdependence of countries in different social aspects

• Advancement of science and technology etc.

• environmental issues across borders

• economic globalization, cultural globalization, political Globalization

A.C.R Approach

• Simplified process of thinking and decision making

Awareness

• attained by obtaining information, building knowledge, and analyzing and evaluating options

Choice

• understanding, awareness, and familiarity acquired through learning, experience and information.

• encompasses facts, skilss, and concepts and the ability to apply information in a meaningful way.

Responsibility

• taking responsibility for the consequences of one's choices and actions

• refers to another choice, the choice to act, choice to change.