THE Contemporary World
THE Contemporary World
THE Contemporary World
WORLD
GEd 104
CONTEMPORARY
CONTEMPORARY
/kənˈtempəˌrerē/
adjective adjective
1. living or occurring at
2. belonging to or
WORLD
designed to introduce students to varied concepts and
perspectives of globalization
A. Competencies
C. Values
Dimensions
-process in which people, ideas and goods spread throughout the world,
Years since the Second World War, and especially during the
Effects?
on environment,
on culture,
on political systems,
on economic development and prosperity,
and on human physical well-being in societies around the world
Example:
and deeper
Example:
Since 1950, the volume of world trade has increased by 20 times
and from 1997 to 1999, flows of foreign investment nearly doubled
from $468 billion to $827 domestically.
TECHNOLOGY
a principal driver of globalization
transform economic life
Dimensions
-process in which people, ideas and goods spread throughout the world,
Dimensions
also through the more rapid and wide diffusion of technology - IMF
Unit 1 - INTRODUCTION TO GLOBALIZATION
Dimensions
OF GLOBALIZATION
1. It involves both the creation of new social networks
geographical boundaries.
EXAMPLE:
with multiple streaming feeds into digital devices and networking sites that
connections.
EXAMPLE:
Non-governmental organization
Commercial enterprises
Social clubs
Regional & global institutions and associations (UN, EU, ASEAN, and
others)
3. Globalization involves the intensification and
EXAMPLE:
become routine activity for more than a billion people around the
globe.
4. Globalization processes do not occur merely or an
objective, material level but they also involve the
subjective plane of human consciousness.
GLOBALIZATION
1. The Prehistoric Period
(10000 BCE-3500 BCE)
GLOBALIZATION
ECONOMIC RELIGIOUS
POLITICAL IDEOLOGICAL
CULTURAL
Dimensions of Globalization
1. Economic Dimension
-extensive development of economic relations across the
globe as a result of technology and the enormous flow of
capital that has stimulated trade in both sources and
goods
Major players in the current century’s global economic
order
Huge international corporations
(General Motors, Walmart, Mitsubishi)
International Economic Institutions
(IMF, World Bank, The World Trade Organization)
Trading Systems
Major Sources of Economic Growth across Countries
1. Property rights
2. Regulatory institutions
3. Institutions for macro-economics
4. Stabilization
5. Institutions for social influence
6. Institutions for conflict management
distribution.
Dimensions of Globalization
2. Political Dimension
-an enlargement and strengthening of political
interrelations across the globe
Example:
Global cities like New York, London, Tokyo, and Singapore
Organization
Dimensions of Globalization
3. Cultural Dimension
-increase in the amount of cultural flows across the globe.
Cultural interconnections are at the foundations of
contemporary globalization
4. Religious Dimension
Religion - personal or institutionalized set of attitudes,
beliefs, and practices relating to or manifesting faithful
devotion to an acknowledged ultimate reality or deity
Example:
Bin Laden understands umma as a single community of
believers professing faith in the one and only God, but at the
Muslim masses.
Since one third of the world’s Muslim population lives in
7. Justice
1. Commutative justice
This aims at fulfilling the terms of contracts and other promises on
both personal and social level.
2. Distributive justice
This ensures a basic equity in how both the burden and the goods
of society are distributed and that ensures that every person
enjoys a basically equal moral and legal standing apart from
differences in wealth, privilege, talent and achievements
Unit 1 - INTRODUCTION TO GLOBALIZATION
3. Social justice
This refers to the creation of the conditions in which the first
two categories of justice can be realized and the common
good identified and defended.
5. Ideological Dimensions
ADVOCATES OF GLOBALISM
1. Globalization is about the liberalization and
global integration of markets.
The problem with this claim is that liberalization and
integration of markets happen through political
project of engineering free markets by interference of
centralized state power, and it is in contrast to the
neoliberal ideal of limited role of governments.
MAJOR IDEOLOGICAL CLAIMS OF
ADVOCATES OF GLOBALISM
2. Globalization is inevitable and irreversible.
ADVOCATES OF GLOBALISM
ADVOCATES OF GLOBALISM
ADVOCATES OF GLOBALISM
5. Globalization furthers
the spread of democracy in the world.
For the globalists democracy and free markets are synonymous.
END OF
Limited. New Delhi.
6. Cited by Charles Michell (2000). International Business Culture. World Trade Press. California
7. Steger. Manfred Globalization: A Very Short Introduction Published by OUP Oxford
8. Pereira, Carlos and Vladimir Teles (2011). Political Institutions, Economic Growth, and Democracy:
The Substitute Effect. https:// www. brookings. Edu/ opinions/ political- institutions –economicgrowth-
and- democracy- the – substitute- effect/. January 19
9. Rodrik, D. (2007). One Economics Many Recipes: Globalization, Institutions, and Economic
UNIT 1
Growth Princeton: Princeton University Press.
10. Book Review on Globalization: a very short introduction. Faculties of American Studies. http:// www.
American. Mcgill.ca/nast/; http:/ /www. American. Edu/sis /cnas.
11.(a,b,c,) Seazolts, Kevin R (2012). A Virtuous Church: Catholic Theology, Ethics, and Liturgy for the
21st Century
12. Samuel P. Huntington (1997). The Clash of Civilizations and the Remaking of World Order (New York:
Touchstone/Simon and Schuster
13. Johnston, Douglas M. Religion and Culture: Human Dimensions of Globalization. http:// indian
strategic knowledge online. com/ web/ C31 Johns. pdf
14. Seazolts, Kevin R (2012). A Virtuous Church: Catholic Theology, Ethics, and Liturgy for the 21st
Century
16. (a,b) Steger, Manfred. Globalization: A Very Short Introduction. Published by OUP Oxford