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    Gec103 Week1 Introduction To Globalization

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    Angel Joy Calisay
    Globalization refers to the increasing connectivity and interdependence between people and companies around the world through trade, investment, cultural exchange, and technology. It involves the increased movement of goods, services, capital, and people across international borders. Some key drivers of globalization include improved transportation and technology, reduced trade barriers, and the growth of multinational corporations operating on a global scale. Globalization can have both positive and negative economic, political, and cultural impacts on societies around the world.

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    Gec103 Week1 Introduction To Globalization

    Uploaded by

    Angel Joy Calisay
    203 views12 pages
    Globalization refers to the increasing connectivity and interdependence between people and companies around the world through trade, investment, cultural exchange, and technology. It involves the increased movement of goods, services, capital, and people across international borders. Some key drivers of globalization include improved transportation and technology, reduced trade barriers, and the growth of multinational corporations operating on a global scale. Globalization can have both positive and negative economic, political, and cultural impacts on societies around the world.

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    Gec103 Week1 Introduction to Globalization

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    Globalization refers to the increasing connectivity and interdependence between people and companies around the world through trade, investment, cultural exchange, and technology. It involves the increased movement of goods, services, capital, and people across international borders. Some key drivers of globalization include improved transportation and technology, reduced trade barriers, and the growth of multinational corporations operating on a global scale. Globalization can have both positive and negative economic, political, and cultural impacts on societies around the world.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    203 views12 pages

    Gec103 Week1 Introduction To Globalization

    Uploaded by

    Angel Joy Calisay
    Globalization refers to the increasing connectivity and interdependence between people and companies around the world through trade, investment, cultural exchange, and technology. It involves the increased movement of goods, services, capital, and people across international borders. Some key drivers of globalization include improved transportation and technology, reduced trade barriers, and the growth of multinational corporations operating on a global scale. Globalization can have both positive and negative economic, political, and cultural impacts on societies around the world.

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    © All Rights Reserved
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    of 12

    WEEK 1

    Introduction to
    Globalization
    DEFINING, HISTORY, METAPHORS, EFFECTS, AND THEORIES OF
    GLOBALIZATION
    WHAT IS GLOBALIZATION?
     Human beings have encountered many changes over the last century
    especially in their social relationship and social structures.
     Globalization means the speedup of movements and changes
    (of human beings, goods, and services, capital, technologies or
    cultural practices) all over the planet.
     Globalization encompasses a multiple of processes that involves the
    economy, political system, and culture, therefore, are directly affected
    by globalization. It is a very important change, if not, it is the MOST
    IMPORTANT.
    Over the years, globalization has gained many connotations
    pertaining to progress,, development and integration.
    Progress- movement forward, the process of improving or
    developing over something or period of time.
    Development- the act or process of growing or causing something to
    grow o become larger or more advanced.
    Integration- incorporation as equal into society or an organization
    of individuals, coordination through operation of solving differential.
    Globalization view as a positive Phenomenon.
     Martin Khor, say that Globalization is way of Colonization.
     The literature on the definitions of globalization revealed that
    definitions could be classifies as either…
     Broad and inclusive or narrow and exclusive
     Broad and Inclusive--- covering or including everything, open
    to everyone, not limited to certain people, including the stated
    limits and everything in between. (BROAD
    GLOBALIZATION, NOT SPECIFIC)
    Ohmae (1992), Globalization is “the onset
    of the borderless world.”
    Narrow and Exclusive-- not shared,
    available to only one person or group,
    available to a few group of people.
    (LIMITED GLOBALIZATION,
    SPECIFIC)
    Ritzer (2015), “globalization is a transplanetary
    process or a set of processes involving
    increasing liquidity and the growing
    multidirectional flows of people, object, places,
    and information's as well as the structure they
    encounter and create that are barriers to, or
    expedite, those flows.
    Globalization could bring either or both
    integration and or fragmentation.
    Main reasons that have Caused Globalization

     Improved transport, making global travel easier. For example,


    there has been a rapid growth in air travel, enabling greater
    movement of people and goods across the globe.
     Containerisation. From 1970, there was a rapid adoption of
    the steel transport container. This reduced the costs of inter-
    modal transport, making trade cheaper and more efficient.
     Improved technology which makes it easier to communicate and share
    information around the world. E.g. internet. For example, to work on
    improvements on this website, I will go to a global online community,
    like elance.com. There, people from any country can bid for the right to
    provide a service. It means that I can often find people to do a job
    relatively cheaply because labour costs are relatively lower in the Indian
    sub-continent.
     Growth of multinational companies with a global presence in many
    different economies.
    Reduced tariff barriers which
    encourage global trade. Often this has
    occurred through the support of the 
    WTO.
    Growth of global media.
    Global trade cycle. Economic growth is global in nature.
    This means countries are increasingly interconnected. (e.g.
    recession in one country affects global trade and invariably
    causes an economic downturn in major trading partners.)
     Increased mobility of labour. People are more willing to move between
    different countries in search for work. Global trade remittances now play a
    large role in transfers from developed countries to developing countries.
     Internet. This enables firms to communicate on a global level, this may
    overcome managerial diseconomies of scale. The firm may be able to get
    cheaper supplies by dealing with a wider choice of firms. Consumers are
    also able to order more goods online E.G. Dell Computers takes orders
    online and can meet customer specification.

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