LESSON 9 Intercontinental Drift Globalization
LESSON 9 Intercontinental Drift Globalization
LESSON 9 Intercontinental Drift Globalization
Since its first appearance in the Webster’s dictionary in 1961, many opinions about
globalization have flourished. In 1992, Ohmae stated ... ‘globalization means the onset of the
borderless world...”
The airplane, the telephone, and the Internet are just three inventions which are attribute
to the spread of globalization. Due to the increased demand in the high tech industry around the
world, business and industry have potential for huge profits working globally. So in today’s world
globalization is an important concept for students in higher education to understand and
appreciate because of the demand in business and industry to hire people who can work with
people of other nations and cultures if needed can travel independently internationally to
promote their business or industry.
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From the business parlance, Globalization is the ability to move and communicate easily
with others all over the world in order to conduct business internationally. It is the process by
which businesses or other organizations develop international influence or start operating on an
international scale.
Globalization refers to the trend toward countries joining together economically, through
education, society and politics, and viewing themselves not only through their national identity
but also as part of the world as a whole.
2. Types of Globalization
1. Economic: Countries that trade with many others and have few trade barriers are
economically globalised.
2. Social: information and ideas spread between different countries (internet and social
networks).
3. Causes of Globalization
2. Improved Transport: The development of refrigerated and container transport, bulk shipping
and improved air transport have allowed the easy mass movement of goods throughout the
world. This assists globalisation.
3. Free Trade Agreements: MNCs and rich capitalist countries have always promoted global
free trade as a way of increasing their own wealth and influence. International organisations
such as the World Trade Organisation and the IMF (International Monetary Fund) also promote
free trade.
4. Global Banking: Modern communication technologies allow vast amounts of capital to flow
freely and instantly throughout the world. The equivalent of up to $US1.3 trillion is traded each
day through international stock exchanges in cities such as New York, London and Tokyo.
5. The Growth of MNCs: The rapid growth of big MNCs such as Microsoft, McDonalds and
Nike is a cause as well as a consequence of globalisation. The investment of MNCs in farms,
mines and factories across the world is a major part of globalisation. Globalisation allows MNCs
to produce goods and services and to sell products on a massive scale throughout the world.
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4. The Effects of Globalization
1. Changed Food Supply: Food supply is no longer tied to the seasons. We can buy food
anywhere in the world at any time of the year.
2. Division of Labour: Because MNCs search for the cheapest locations to manufacture and
assemble components, production processes may be moved from developed to developing
countries where costs are lower.
3. Less Job Security: In the global economy jobs are becoming more temporary and insecure.
A survey of American workers showed that people now hold 7 to 10 jobs over their working life.
4. Damage to the Environment: More trade means more transport which uses more fossil
fuels and causes pollution. Climate change is a serious threat to our future.
5. Cultural Impact: Websites such as YouTube connect people across the planet. As the world
becomes more unified, diverse cultures are being ignored. MNCs can create a monoculture as
they remove local competition and force local firms to close.
5. Advantages of Globalization
From virtual connections to more affordable goods, such as clothing and food,
globalization has been beneficial to many aspects of society. Here are some of the advantages
of globalization.
6. Disadvantages of Globalization
The general complaint about globalization is that it has made the rich richer while
making the non-rich poorer. “It is wonderful for managers, owners and investors, but hell on
workers and nature.”
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Increased flow of skilled and non-skilled jobs from developed to developing nations as
corporations seek out the cheapest labor.
Increased likelihood of economic disruptions in one nation effecting all nations
Money problems can easily be spread.
The mix of cultures can lead to loss of national identity.
Small companies have to go out of business because they can’t compete with the big
international companies (Multinationals Corporations).
Gap between the poor and the rich increases.
Greater risk of diseases being transported unintentionally between nations
In 2010 a global study entitled Attributes of a Global Engineer was performed by the
American Society for Engineering Education (ASEE) and the International Federation of
Engineering Education Societies (IFEES) to determine the skills and experiences that today’s
engineering student need to develop in school and throughout their career to successfully
compete in a global workplace. ASEE’s Board of Directors established the ASEE Corporate
Member Council (CMC) to convey the ideas and views of corporations to ASEE. With over 120
corporate and non-academic institutional members, the CMC's mission is to foster, encourage,
and cultivate the dialogue between industry and engineering educators. Its strategic goals are:
CMC has several Special Interest Groups (SIGs), which exist to share information and
advance key priorities of the CMC. The International Engineering Education SIG is the CMC
sponsor of the Attributes of a Global Engineer Survey Project.
The Attributes of a Global Engineer Survey Project grew out of an expressed need by
CMC members to identify and validate specific knowledge, skills, abilities, and perspectives that
would be required of an engineer living and working in an increasingly global context.
Specifically, the goal was to refine a list of attributes that would be applicable to engineers
regardless of specialty, location, or background.
The process began in early-2008, led by the International Engineering Education SIG,
and involved CMC members developing a list of competencies derived from representative job
descriptions, literature reviews, and other reports. This initial list was consolidated through a
series of SIG meetings and events throughout 2008 and 2009; thus, here are the attributes that
emerged through this process (Hundley et al, 2011):
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Engineering Science Fundamentals
Engineering
Economics/Finances of Projects
Basic Supplier Management Principles
Customer and Societal Emotions and Needs
Cultures, Languages, and Business Norms
Societal, Economic, and Environmental Impacts of Engineering Decisions
An International/Global Perspective
Communication
Teamwork
Leadership
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An Eagerness to Help Others
Flexibility
Curiosity and Desire to Learn - For Life (Show initiative, Inquire & Learn)
At the ASEE Annual Conference in 2010, SIG stakeholders attempted to translate the
attributes into specific competencies that could be identified by levels of importance and
proficiency at certain intervals of an individual’s education and professional development. The
initial list totalled 48; however, through in-person meetings at the Conference, and through bi-
weekly telephone conference calls and other electronic communication, the list was ultimately
synthesized and consolidated. After further review and validation from CMC members, a total of
20 competencies associated with the attributes of a global engineer emerged (Hundley et al.,
2011).
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(A collection of definitions from the book of Aldama, Prince Kennex Reguyal (2018) The
Contemporary World, Rex Book Store, Manila).
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EVALUATION
A. Do you agree that even the poorest of the poor enjoy the effect of globalization? How?
B. Are we getting more advantages in our participation for Globalization? Cite an example.
C. Create product or merchandize or concept that can be potentially in a global market.
REFERENCES
Aldama, Prince Kennex Reguyal (2018) The Contemporary World, Rex Book Store, Manila
Fox, Patricia and Hundley Stephen (2011), The Importance of Globalization in Higher Education
https://www.intechopen.com/books/new-knowledge-in-a-new-era-of-globalization/the-
importance-of-globalization-in-higher-education
Hamdi, Fairooz, The Impact of Globalization in the Developing Countries (June 11, 2015).
https://www.linkedin.com/pulse/impact-globalization-developing-countries-fairooz-hamdi
https://www.piie.com/microsites/globalization/what-is-globalization
https://in2english.net/2019/01/16/advantages-and-disadvantages-of-globalization/
https://youmatter.world/en/definition/definitions-globalization-definition-benefits-effects-
examples/
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