TCW Week 2 Globalization.pptx

Globalization Overview

  • Definition of Globalization

    • Derived from "globalize"; refers to the emergence of an international network of economic systems.

    • A process of interaction and integration among people, companies, and governments of different nations.

    • Driven by international trade and investment, aided by information technology.

    • Aims to expand business operations globally; precipitated by advancements in global communication as well as socioeconomic, political, and environmental developments.

    • Sources:

      • Levin Institute (2016)

      • Pologeorgis (2017)

Key Features of Globalization

  • Globalization involves processes that facilitate interaction between nations, aiming for global unity.

  • Factors influencing globalization:

    1. Economics

    2. Military

    3. Cultural

    4. Ecology

    5. Politics

    6. Technology

    7. Geography

Economic Globalization

  • Definition

    • Increasing interdependence of world economies due to:

      1. Growing cross-border trade of commodities and services.

      2. Flow of international capital.

      3. Rapid spread of technologies.

    • Reference: Shangquan (2000)

  • Implications:

    • Countries become reliant on each other for resources beyond their own production capabilities.

    • Products available in one country become available to others through international trade.

Military Globalization

  • Definition by David Held

    • "The process embodying the growing extensity and intensity of military relations among political units globally."

    • Reflects the expansion of global military ties and the impact of technological innovations from steamships to satellites.

  • Definition by Robert Keohane and Joseph Nye

    • Entails a long-distance network of interdependence where force and the threat of force are utilized.

    • Globalization promotes a global war economy, leading to deaths and loss of human life.

Interconnection Between Globalization and Militarism

  • Insight by Stephen Staples (2000)

    • Globalization and militarism are two sides of the same coin:

      • Globalization: Promotes unrest, inequality, conflict, and war.

      • Militarism: Fuels the means of warfare, protecting military industries necessary for sophisticated weaponry.

    • The weaponry is used to guard transnational corporations’ investments and their shareholders.