Lesson 5

• Global Network


  Dynamic and flexible types of connection between individuals, groups, or organizations that crisscross the world
• Global Network


  • A set of units manifesting certain ties or relationships that exist and operate beyond territorial borders
  • Capable of crossing "borders" and connecting to more than one country
  • Long-term movements across a boundary
  • Not confined within a particular country
• Types of Global Networks

  • Technical Global Networks (adopted from telecommunications systems that utilize a variety of satellite, cable, and wireless technology)
  • Interpersonal Global Networks (cross-border groups such as migrants, aid, social workers, advocacy groups)
• Globalization


  It goes "across political and cultural boundaries which creates intensive as well as spatially extensive interconnections between a range of institution and actors; and develops transnational processes, institutions, and ways of interpreting the word as a single space"
• Economies of different countries around the world become increasingly assimilated over time
• Globalization is hastened by technological advancements
• Globalization leads to greater access to different varieties of goods and services
• Globalization affects politics, economics, environment, culture
• Elements of Globalization

  • Privatization
  • Deregulation
  • Liberalization
• Privatization


  Policies of the government to transfer government-owned corporations and sell them to the private sector, profit-driven, making services more expensive
• Deregulation


  Streamlining government's control over the industry for basic supplies, less government intervention with certain companies as long as they provide valid reasons for their actions
• Liberalization


  Laws restrictive of importation of products are modified or totally abolished, products of developed countries can now penetrate the markets of developing countries and the least developed nations
• Types of Globalization


  • Economic Globalization
  • Cultural Globalization
  • Political Globalization
• Economic Globalization


  Economic process that involves the movement of economic resources from one country to another, investment of capital-rich countries in poorer countries, natural resources of developing countries are sold to developed countries
• Cultural Globalization


  The selling of books, films, and music to the international market, internationalization of Western media and entertainment, Asian entertainment industry also keeps up with this
• Political Globalization


  Establishment of union of nations such as the EU, ASEAN, APEC, and the UN, placing universal standards for all governments, binding member-states to perform obligations and commitments of the organizations
• Effects of Globalization


  • Provides an increase in global output
  • Brings the best technology and other forms of intellectual capital to countries that cannot produce it
  • International capital flows can transfer saving from countries where the marginal product of capital is low to those where it is high
  • Influences the distribution and levels of income
• Oppositions to Globalization


  • Erosion of cultural diversity, produced a unified global system of culture and economic values
  • Unrestricted global trade yield increasing inequality between developed and developing countries
  • Globalization reduces the sovereignty of nations in economic policy creation
  • Leads to the erosion and decay of cultures and traditions of countries
• Technical Global Networks


  Adopted from telecommunications systems that utilize a variety of satellite, cable, and wireless technology
• Interpersonal Global Networks


  Cross-border groups such as migrants, aid, social workers, advocacy groups