TCW 1.1

• living or occurring at

  the same time.

  CONTEMPORARY
• belonging to or occurring in the present.

  CONTEMPORARY
• designed to introduce students to varied concepts and perspectives of globalization

  THE CONTEMPORARY WORLD
• its effects to different social units and different challenges posed by it.

  THE CONTEMPORARY WORLD
• is the process in which people, ideas and goods spread throughout the world, spurring more interaction and integration between the world's cultures, governments and economies

  Globalization
• is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.

  Globalization
• has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world

  Globalization
• is about growing worldwide connectivity.

  Globalization
• There were similarities in features of those prevailing wave of globalization before the outbreak of the ______ to the current wave.

  First World War in 1914
• In the years since the Second World War, and especially during the past two decades, many governments have adopted ____

  free-market economic systems
• have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment.

  Governments
• Taking advantage of new opportunities in foreign markets, ____ have built foreign factories and established production and marketing arrangements with foreign partners.

  corporations
• A defining feature of _____ is an international industrial and financial business structure

  globalization
• One principal driver of globalization is _____

  technology
• ___ is dramatically transformed by advancement in information technology

  economic life
• is the process of integration of economies across the world through cross-border flow of factors product and information

  Globalization
• According to the ______ globalization is the growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and services and of international capital flows and also through the more rapid and wide diffusion of technology.

  International Monetary Fund (IMF)
• is an expansion, and intensification of social relations and consciousness across world time and world space. It is about growing worldwide connectivity according to _____


  Globalization and Steger
• It suggests a dynamic process of change that results in either positive or negative development

  globalization
• It leads to the creation of something new; it involves the multiplication of social connections and various activities that transgress traditional and political, economic, cultural and geographical lines.

  globalization
• FOUR CHARACTERISTICS OF GLOBALIZATION

  creation of new social networks and the multiplication of existing connections, reflected in the expansion and the stretching of social relations, activities, and connections, intensification and acceleration of social exchanges and activities, and involve the subjective plane of human consciousness.
• involves both the macro-structures of a global community and the micro-structures of global personhood

  Globalization
• It extends deep into the core of the self and its dispositions, facilitating the creation of multiple individual and collective identities nurtured by the intensifying relations between the personal and the global.

  Globalization
• They differ from each other by acceleration in the speed of social exchanges and widening of geographical scopes

  Globalization
• transform economic life

  TECHNOLOGY
• provide all sorts of economic factors

  (consumers, investors, businesses, analyses of economic trends,

  easy transfers of assets, collaboration with far-flung partners, etc.)

  information technologies