TCW 1.3

• Dimensions of Globalization

  economic, political, technological, cultural, religious and ecological dimensions
• This refers to the 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

  Economic Dimension
• Major players in the current century’s global economic order

  Economic Dimension
• Huge international corporations (General Motors, Walmart, Mitsubishi)

  Economic Dimension
• International Economic Institutions (IMF, World Bank, The World Trade Organization)

  Economic Dimension
• Trading Systems

  Economic Dimension
• Major Sources of Economic Growth across Countries

  Property rights, Regulatory institutions, Institutions for macro-economics, Stabilization, Institutions for social influence, and Institutions for conflict management
• have decisive influence on investment in physical and human capital, technology, and industrial production. Dimensions?

  Economic institutions and Economic Dimension
• It is also important for resource distribution.Dimension

  Economic institutions and Economic Dimension
• This refers to an enlargement and strengthening of political interrelations across the globe

  Political Dimension
• Political Issues that Surface in this Dimension

  The principle of state sovereignty, Increasing impact of various intergovernmental organization, and Future shapes of regional and global governance
• The globalization rendered almost _____ any political efforts to introduce restrictive policies affecting individual states, with the results that the world in many ways turned into a borderless worl, Dimension

  powerless and Political Dimension
• often seek to restrict the migration of peoples, especially those coming from the poor countries in the global South. dimension?

  Governments and Political Dimension
• In the development of supra-national structures and associations held together by common concerns and mutually agreed upon norm, the most obvious is ____. Dimension

  political globalization and Political Dimension
• On the part of the involved parties, _____ which are considered binding, bring together world power centers due to common interests.Dimension

  informal structures and Political Dimension
• This refers to the increase in the amount of cultural flows across the globe.

  Cultural Dimension
• _______ are at the foundations of contemporary globalization. Dimension?

  Cultural interconnections and Cultural Dimension
• ________ which are the dominant cultural characteristics of our age and the drive for economic success stimulated by the internet and other technological devices circulate much more easily than they did in earlier periods. Dimension?

  Individualism and consumerism and Cultural Dimension
• In the dissemination of popular culture, transactional media corporations play a major role which brought a sharp rise in ______ that is manifested in the dominance of fast food restaurant on more aspects of life throughout the world. Dimension?

  homogenized popular culture and Cultural Dimension
• often results hybridization. Dimension?

  Cultural diversity and Cultural Dimension
• a constructive interaction process between global and local characteristics which is often visible in food, music, dance, film, fashion, and language. Dimension

  hybridization and Cultural Dimension
• generated and directed the extensive flow of culture. Dimension?

  Media empires and Cultural Dimension
• Examples of these are Yahoo, Google, Microsoft, and Disney?

  Media empires
• plays an important role in this cultural flow by featuring various celebrities in the television aside from transforming newscast into entertainment shows. Dimension

  Advertisement and Cultural Dimension