LESSON 1 - INTRO OF GLOBALIZATION

• global movement towards integration of the economy, finance, commerce and communications.

  Globalization
• “the increased interconnectedness and

  interdependence of peoples and countries is generally understood to

  include two inter-related elements: the opening of international borders

  to increasingly fast flows of goods, services, finance, people and ideas;

  and the changes in institutions and policies at national and international

  levels that facilitate or promote such flows.

  World Health Organization
• He define Globalization as the interweaving of markets,

  technology, information systems and telecommunications

  systems in a way that is shrinking the world from a size

  medium to a size small, and enabling each of us to reach

  around the world farther, faster, deeper, and cheaper than

  ever before, and enabling the world to reach into each of

  us farther, faster, deeper, cheaper than ever before.

  Thomas Friedman
• According to him, “the term globalization applies to a set of social processes that

  appear to transform our present social condition of weakening nationality into

  one of globality.”

  Manfred Steger
• give the 3 Theories of Globalization

  • The World-economy Theory
  • Modernization Theory
  • Dependency Theory
• • Economic wealth status and focus on world as unit rather than looking in an individual countries-It divides world in three regions

  The World economy theory
• First world economy/class = Western Europe and US

  • high cost living
  • stabilized wealth
  • Dominant - oil market

  Core
• India, Brazil

  Semiperiphery
• Africa, Latin Ameirca

  Periphery
• All countries follow a similar path of development from traditional

  to a modern society

  Modernization Theory
• They have their own structures and features not seen in developed

  countries and will not accelerate to become developed nation.

  Dependency
• • Sees globalization as a legitimate process, new age in

  human history

  • Countries economies become interdependent as the

  nation-state themselves become significantly less important.

  Hyperglobalist
• Disagree strongly with hyperglobalists

  Global Skepticism
• • It sees that the world order is changing into

  uncertain pattern

  • They believed that National Government are

  changing, perhaps becoming less important but it is

  difficult to describe the change so simply.

  Transformationalism