Contemporary World (Unit 1)

• Globalization (1)

  has been a critical discourse in the international development policy arena
• Globalization (2)


  there are numerous definitions of globalization, and one definition tends to focus on the economic side of globalization
• Globalization (3)

  is a process of expanding various sociocultural and sociological processes from national to international and transcultural level
• Globalization Connected Index (GCI)


  is a measure of flows and interconnections of a country to other global players through exchanges in trade, capital, people, and information
• Extent of Globalization (1)

  One of the recent indicators of global connections is the Global Connectedness Index (GCI)
• Extent of Globalization (2)

  some definitions focus on the world's interconnectivity in terms of processes, events, and decisions
• Extent of Globalization (3)

  while others focused more on economic and financial integration
• Extent of Globalization (4)

  other authors criticized the singular focus on the economic aspect of globalization, and they contented that globalization's impact transcends to the social fabric of communities
• Factors Driving Globalization (1)

  one of the factors that drive globalization is the reduction of trade barriers; In 1947, richer countries banded together to reduce taxes on imports or tariffs under the General Agreement on Tariffs and Trade, which later transformed to the World Trade Organization; (WTO) in 1994
• Factors Driving Globalization (2)

  Husain (2011) also identified modern technology developments as key driver of globalization that facilitated faster communication and access to data or information; this further promoted the development of an important society