GE104

• It is the increasing interaction of people, states, or countries through the growth of the international flow of money, ideas, and culture

  Globalization
• THE FIVE “SCAPES” OF GLOBALIZATION Ethnoscape, Mediascape, Technoscape, Finanscape, Ideoscape.
• it is a development of worldwide production markets and broader

  access to a range of foreign products for consumers and companies involving particularly

  movement of material and goods between and within national boundaries

  Industrial globalization
• it is a development of worldwide financial markets and better

  access to external financing for borrowers

  Financial globalization
• it is a establishment of a global common market, based on the

  freedom of exchange of goods and capital

  Economic globalization
• it is a creation of international organizations to regulate the relationships among governments and to guarantee the rights arising from social and economic globalization

  Political globalization
• it is a increase in information flows between geographically remote locations. (This can also be seen as a technological change related to the advent of fiber optic communications, satellites, and increased availability of telephone and Internet.)

  Informational globalization
• sharing of ideas, attitudes and values across national borders. This sharing generally leads to an interconnectedness and interaction between peoples of diverse cultures and ways of life. Mass media and communication technologies are the primary instruments for cultural globalization

  Cultural globalization
• it is the realm where political ideas move

  around

  Ideoscape
• it denotes the global circulation of money

  financescape
• it is about the flow of culture

  mediascape
• it refers to the global movement of people

  ethnoscape
• it is development of worldwide production markets and broader access to a range of foreign products for consumers and companies involving particularly movement of material and goods between and within national boundaries

  Industrial globalization
• sharing of ideas, attitudes and values across national borders. This sharing generally leads to an interconnectedness and interaction between peoples of diverse cultures and ways of life. Mass media and communication technologies are the primary instruments for cultural globalization

  Cultural globalization
• development of worldwide financial markets and better access to external financing for borrowers

  Financial globalization
• increase in information flows between geographically remote locations

  Informational globalization
• establishment of a global common market, based on the freedom of exchange of goods and capital

  Economic globalization
• creation of international organizations to regulate the relationships among governments and to guarantee the rights arising from social and economic globalization

  Political globalization
• Give the 6 ELEMENTS OF GLOBALIZATION

  Trade agreements, Capital flow, Migration patterns, Information transfer, Spread technology.
• What is the Contemporary

  world?

  The Modern world or the Present world where we Live
• A system of trade and industry across the world that

  has emerged due to globalization. The origins of a global economy can be traced back to the expansion of long-distance trade during the period of 1450-1640, which Wallerstein has labeled the “long

  sixteenth century”.


  Global Economy
• It is a historical process, a result of human innovation and technological process. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders?

  Economic globalization
• It refers to the hierarchical arrangements of individuals and groups in societies around the world?

  Global stratification
• what are different typologies of global stratification

  First typology, Replacement typology, Popular typology
• give me the types of Global Poverty?

  Relative, Absolute, Subjective
• According this theory, rich nations became wealthy because early on they were able to develop the correct beliefs, values, and practices?

  Modernization Theory
• This theory states that that some nations become modernized by exploiting other nations?

  World System Theory
• According to this view, the poor nations never got the chance to pursue economic growth because early on they were conquered and by European ones?

  Dependency Theory
• refers to a condition where a person does not have the minimum amount of income needed to meet the minimum requirements for one or more basic living needs over an extended period of time?

  Absolute Poverty
• is the condition in which people lack the minimum amount of income needed in order to maintain the average standard of living in the society in which they live?

  Relative Poverty
• describes poverty that is composed of many dimensions; it is subjectively present when your actual income does not meet your expectations and perceptions?

  Subjective Poverty
• It is the fundamental basis of the competitive commodity economy at global system level?

  GLOBAL INTERSTATE SYSTEM
• A relationship between countries in which each country is dependent on another for necessary goods or services

  Economic Interdependence
• A process whereby countries cooperate with one another to reduce or eliminate barriers to the international flow of products, people and capital?

  Economic Integration
• It refers to the integration of components within political system?

  Political Integration
• is a basic physical asset, often used as a raw

  material in the production of goods or services.

  Commodity
• refers to the supply of and demand for labor, in

  which employees provide the supply and employers provide the

  demand.

  Labor Market