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Understanding Globalization: Key Concepts

The document discusses globalization, highlighting its benefits such as increased trade leading to more jobs and lower prices, improved communication, and cultural exchange. It also addresses anti-globalization arguments, including loss of culture, wealth inequality, and environmental issues. Additionally, it outlines various types of globalization and their impacts, particularly in the Philippines, emphasizing the importance of education and overseas work for economic growth.

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Cyrah Chin
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5 views1 page

Understanding Globalization: Key Concepts

The document discusses globalization, highlighting its benefits such as increased trade leading to more jobs and lower prices, improved communication, and cultural exchange. It also addresses anti-globalization arguments, including loss of culture, wealth inequality, and environmental issues. Additionally, it outlines various types of globalization and their impacts, particularly in the Philippines, emphasizing the importance of education and overseas work for economic growth.

Uploaded by

Cyrah Chin
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Module 1 – Globalization  More trade = more jobs, lower prices

 Better quality products


Relevance of the Course  Easier access to information & communication
 Improved transportation and tourism
 Cures parochialism (close-mindedness)  GDP growth and education opportunities
 Encourages self-awareness
 Connects you to the world you interact with Anti-Globalization Arguments
 Central concept: Globalization
 Makes you think beyond your country  Loss of culture and traditions
 Uneven wealth distribution (rich get richer)
Definition of Globalization (Manfred Steger)  Health issues (e.g., spread of HIV/AIDS)
 Environmental degradation
 Expansion & intensification of social relations and consciousness across world time and  Unemployment in industrialized countries (outsourcing)
space  Intense competition hurting local businesses
 Expansion – creation of networks across political, economic, cultural, geographic boundaries  Influence of corporations over governments
 Intensification – faster and wider connections (e.g., trade, BPOs)
 Time & Space – makes the world feel smaller (e.g., social media, internet) Impact of Globalization

Types of Globalization  Economic – better living standards, competition, income gap


 Social – awareness of other cultures, loss of local culture
 Cultural – blending of cultures  Environmental – degradation but also management opportunities
 Economic – global trade, outsourcing, multinational corporations
 Political – international agreements, global governance Globalization in the Philippines
 Social – increased interaction among people
 Industrial – production across countries  Active since WTO agreement (1995)
 Technological – internet, communications  Boosts labor and economy via trade and foreign investment
 Education seen as key to benefiting from globalization
Appadurai’s 5 “Scapes”  Overseas work is a major factor in livelihoods

1. Technoscape – global flow of technology Examples


2. Ethnoscape – movement of people
3. Mediascape – flow of information and culture
4. Financescape – movement of money  Economics – multinational companies, outsourcing, global supply chains
5. Ideoscape – spread of political ideas  Culture – colonization, religion spread, satellite TV
 Technology – internet, global news, mobile phones
Signs of Globalization

 Rise in international trade & investment


 Greater cultural exchange (movies, music)
 Development of global communication & finance systems
 Spread of multiculturalism
 Erosion of national sovereignty (WTO, OPEC)
 Increase in travel, migration, tourism

Pro-Globalization Arguments

 Efficient resource use (comparative advantage)

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