Week 1 and 2 Defining Globalization
Week 1 and 2 Defining Globalization
CHARACTERISTICS OF LIQUIDITY
according to Zygmunt Bauman’s ideas:
1. Liquid phenomena change quickly
and their aspects, spatial and
temporal, are in continuous
fluctuation. This means that space
and time are crucial elements of
globalization.
I.2 Metaphors of Globalization
CHARACTERISTICS OF LIQUIDITY
according to Zygmunt Bauman’s ideas:
2. Liquid phenomena are difficult to
stop. For example, videos uploaded on
YouTube or Facebook are unstoppable
once they become viral.
I.2 Metaphors of Globalization
1. HARDWIRE
2. CYCLES
3. EPOCHS
4. EVENTS
5. BROADER, MORE RECENT CHANGES
III. Theories of Globalization
● Homogeneity refers to the increasing sameness in the world as
cultural inputs, economic factors, and political orientations of
societies expand to create common practices, similar
economies, and similar forms of government.
● Heterogeneity refers to the differences because of either lasting
differences or the hybrids or combination of cultures that can
be produced through the different transplanetary processes.
IV. DYNAMICS OF GLOBAL AND LOCAL CULTURE.
another culture.
V. Types of globalization
1. Economic Growth
Globalization can catalyze significant economic expansion by
enabling countries to tap into larger markets beyond their
borders. This process often leads to increased production and
consumption levels, driving GDP growth and creating a more
interconnected global economy.
VII.a. Advantages Globalization
2. Access to Resources
Countries benefit from globalization by gaining access to a wider
range of resources, technology, and capital. For instance,
developing economies can leverage foreign investment and
advanced technologies from developed nations, facilitating
innovation and improving productivity levels across various
sectors.
VII.a. Advantages Globalization
3.Employment Opportunities
The expansion of international trade creates job opportunities in
sectors such as manufacturing, technology, and services. In
emerging markets, globalization can lead to the establishment of
new industries and the creation of millions of jobs, helping to
reduce unemployment rates
VII.a. Advantages Globalization
4.Cultural Exchange
Globalization fosters a rich exchange of cultures, ideas, and
traditions. People from different backgrounds can share their
customs, art, and lifestyles, enhancing cross-cultural understanding.
For example, culinary influences from different countries can lead
to diverse dining experiences, enriching local cultures.
VII.a. Advantages Globalization
6.Technological Advancement
The rapid flow of information and technology across borders can
accelerate innovation. For instance, multinational corporations
often bring advanced technologies to developing countries, which
can lead to local advancements in industries such as healthcare,
agriculture, and communication.
VII.b Disadvantages of Globalization
1. Job Displacement
2.Income Inequality
3.Cultural Erosion
4.Environmental Concerns
5.Economic Dependence
6.Political Issues
1. Economic Factors
VIII. Reasons for Globalization
1. Economic Factors
Market Expansion: Businesses relentlessly pursue
opportunities to access new and diverse markets for their
products and services. This desire for growth drives firms
to venture beyond domestic frontiers, aiming to tap into
vast customer bases that promise increased sales and
enhanced profitability.
VIII. Reasons for Globalization
1. Economic Factors
Cost Reduction - A primary motivation for globalization is
the quest for efficiency and cost savings. Companies often
relocate manufacturing to countries with lower labor
costs and exploit favorable tax conditions, thereby
reducing overhead. This strategic move allows them to
offer competitive pricing while maintaining or even
boosting profit margins.
VIII. Reasons for Globalization
1. Economic Factors
Competitive Pressure: As globalization intensifies,
businesses feel the palpable pressure to innovate and
differentiate themselves. To survive in an increasingly
interconnected marketplace, companies must enhance
their efficiency, quality, and service offerings, leading
them to explore international opportunities.
VIII. Reasons for Globalization
1. Economic Factors
Competitive Pressure: As globalization intensifies,
businesses feel the palpable pressure to innovate and
differentiate themselves. To survive in an increasingly
interconnected marketplace, companies must enhance
their efficiency, quality, and service offerings, leading
them to explore international opportunities.
VIII. Reasons for Globalization
2. Technological Advancements
VIII. Reasons for Globalization
2. Technological Advancements
Revolutionary Communication Technologies: The advent
of the internet and mobile communications has
transformed how businesses operate, fostering instant
connectivity and collaboration across geographical
barriers. These tools not only facilitate real-time
communication but also enable seamless management of
overseas operations.
VIII. Reasons for Globalization
2. Technological Advancements
Innovative Transportation Technologies: Breakthroughs
in transportation, such as container shipping and air
freight, have drastically lowered both the costs and time
required to move goods around the globe. This logistical
evolution has opened doors for international trade,
making it feasible for businesses to operate on a global
scale.
VIII. Reasons for Globalization
2. Technological Advancements
Innovative Transportation Technologies: Breakthroughs
in transportation, such as container shipping and air
freight, have drastically lowered both the costs and time
required to move goods around the globe. This logistical
evolution has opened doors for international trade,
making it feasible for businesses to operate on a global
scale.
VIII. Reasons for Globalization
3. Political Factors
VIII. Reasons for Globalization
3. Political Factors
Strategic Trade Agreements: Government-led initiatives to
forge trade agreements—designed to reduce tariffs and
eliminate trade barriers—play a crucial role in advancing
globalization. These agreements, such as the North
American Free Trade Agreement (NAFTA) and partnerships
within the European Union, facilitate smoother access to
foreign markets, encouraging companies to expand their
footprints internationally.
VIII. Reasons for Globalization
3. Political Factors
Liberalization of Regulations: Many nations are shifting
toward open-market policies and deregulation, creating
an environment conducive to international business. This
regulatory evolution often leads to enhanced foreign
investment and the liberalization of industries previously
restricted to domestic players.
VIII. Reasons for Globalization
7. Economic Development
VIII. Reasons for Globalization
7. Economic Development:
Pathway to Prosperity: For many developing nations,
globalization is viewed as a vital avenue toward economic
advancement and improved living standards. By
attracting foreign investments and participating in global
markets, these countries can catalyze growth, expand
infrastructure, and enhance the overall quality of life for
their citizens.
In essence, globalization is a multifaceted
phenomenon characterized by an intricate interplay
of economic opportunities, technological
advancements, political frameworks, and cultural
dynamics. These driving forces collectively forge a
world where goods, services, ideas, and cultures
traverse borders with remarkable ease, reshaping
the very fabric of global interaction.
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Ready for the activity?