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GE 223-TCW The Contemporary World: Professor

This course introduces students to the contemporary world through examining the phenomenon of globalization. [1] It uses social science disciplines to analyze the economic, social, political, technological, and other transformations that have increased global interconnectedness. [2] The course provides an overview of debates around global governance, development, and sustainability to give students an understanding of the world beyond the Philippines and foster a sense of global citizenship. [3]

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natalie clyde mates
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112 views40 pages

GE 223-TCW The Contemporary World: Professor

This course introduces students to the contemporary world through examining the phenomenon of globalization. [1] It uses social science disciplines to analyze the economic, social, political, technological, and other transformations that have increased global interconnectedness. [2] The course provides an overview of debates around global governance, development, and sustainability to give students an understanding of the world beyond the Philippines and foster a sense of global citizenship. [3]

Uploaded by

natalie clyde mates
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GE 223-TCW

THE CONTEMPORARY WORLD

DR. NOEL F. ANTIJENDRA


Professor
Course Description:

This course introduces students to the


contemporary world by examining the multifaceted
phenomenon of globalization. Using the various
disciplines of the social sciences, it examines the
economic, social, political, technological, and other
transformations that have created an increasing
awareness of the interconnectedness of peoples
and places around the globe. To this end, the
course provides an overview of the various debates
in global governance, development, and
sustainability. Beyond exposing the student to the
world outside the Philippines, it seeks to inculcate a
sense of global citizenship and global ethical
Preliminary Activity No. 1

Let’s take a look and be ready to say


something.

https://www.youtube.com/watch?v=D27P93qAZ1I
Preliminary Activity No. 2

A survey-report conducted by Nature


Pie among Millennials like you. Does
it happening in the Philippines?
Justify your views.
Based on what you have watched,
can you say something about what a
globalization is?

Write your own concept of


globalization.
Terminologies:

global economic imperialism


phenomenon
global village
cultural imperialism
attributes
Described as something that is comprised
of multiple sameness and
interconnectedness that go beyond the
nation states. It is a process in which
individuals and organizations in one part
of the world are affected by the activities,
affairs, and conviction on another part of
the globe. (McGrew, 1990)
Globalization is a cluster of economic and
political frameworks and procedures
deriving from the changing marks of the
interests and assets that comprise the
foundation of the international political
economy—specifically, the expanding
structural differences of those interests
and assets. (Cerny, 1997)
Globalization denotes a range of
processes nesting under one rather
unwieldy epithet. In part, its
conceptual difficulty to handle or
control arises from the fact that
global flows occur in different
physical and mental dimensions.
(Freeden, 2003)
Appadurai proposed five dimensions
of global cultural flow:

1. ethnoscapes
2. technoscapes
3. mediascapes
4. financescapes
5. ideoscapes
https://www.google.com/search?q=global+cultural+flow&safe=active&source=lnms&tbm=isch&sa=X&ved=2ahU
KEwizzeeCkYPrAhUBfX0KHZztBD8Q_AUoAnoECA4QBA&biw=1366&bih=657#imgrc=fkEqrN57sPI7ZM
Globalization (Steger, 2005)should be
limited to a set of intricate social
processes that modify prevailing social
statuses based on the modern regime
of self-dependent nation-states
Globality was used to mean
globalization as a condition.. It denotes
“future social condition characterized
by thick economic, political, and cultural
interconnections and global flows that
make currenty existing political borders
and economic barriers irrelevant.”
(Steger, 2005)

He uses the term globalism to mean


globalization as an ideology.
Core Claims of Globalism

Globalization is:
1. about the liberalization and global
integration of markets
2. inevitable and irreversible
3. nobody is in charge of
globalization
4. benefits everyone
5. furthers the spread of democracy
in the world
Globalization is also defined
differently depending on
someone else’s expertise,
experience, and perspective.
Ex. Political scientist, economist,
culture and communication
experts,
https://www.google.com/search?q=wow+icon&safe=active&tbm=isch&source=iu&ictx=1&fir=LBzip2D4K1iEGM%252C50Nb_tMVUo08J
M%252C_&vet=1&usg=AI4_-kRQuzA9d0Q7NW8l2Kc1PYh6FUIldA&sa=X&ved=2ahUKEwjrpeHOx4PrAhXKV30KHSpoA6gQ9QEwCn
oECAoQQg&biw=1366&bih=657#imgrc=tlBvxYCrpUX9eM
https://www.google.com/search?q=globalization+pictures&tbm=isch&hl=en&safe=active&safe=active&hl=en&sa=X&ved=2ahUKEwjp1pe
RnYPrAhUKbysKHc9sBaYQrNwCKAB6BQgBEJAC&biw=1349&bih=657#imgrc=gmbiOOuw8UZ7qM
The Structures of Globalization

* The Global Economy

* Market Integration

* The Global Interstate System


https://www.google.com/search?q=economic+globalization&safe=active&source=lnms&tbm=isch&sa=X&ved=2ahUKEwiYsbK9mIPrAh
WVYysKHSFUCicQ_AUoAXoECBMQAw&biw=1366&bih=657#imgrc=waiT9xTG2kSd3M
Terminologies:

economic globalization
cross-border trading
Foreign Direct Investments
foreign portfolio investments
Silk road
WTO
BPO
TRAIN Law
Economic Globalization:
- refers to the expanding
interdependence of world
economies. Shangquan (2000)
attributes this to the growing
scale of cross-border trade
commodities and services, flow of
international capital, and wide
and rapid spread of technology.
Economic Globalization:

IMF (2008) defined EG as a historical


process, the result of human
innovation and technological
progress.

- reduces poverty (WB, 2002)


Economic Globalization:

- the process of “making the world


economy an ‘organic system’ by
extending transnational economic
processes and relations to more and
more countries and by deepening the
economic interdependencies among
them.”(Szentes, 2003)
Actors/Players in Economic
Globalization

- nation-states

- global corporations

- international monetary systems


https://www.slideshare.net/curtistim/lecture-2-finding-social-enterprise-in-the-third-sector
https://www.google.com/search?q=wow+icon&safe=active&tbm=isch&source=iu&ictx=1&fir=LBzip2D4K1iEGM%252C50Nb_tMVUo08J
M%252C_&vet=1&usg=AI4_-kRQuzA9d0Q7NW8l2Kc1PYh6FUIldA&sa=X&ved=2ahUKEwjrpeHOx4PrAhXKV30KHSpoA6gQ9QEwCn
oECAoQQg&biw=1366&bih=657#imgrc=tlBvxYCrpUX9eM
https://www.google.com/search?q=market+integration&safe=active&source=lnms&tbm=isch&sa=X&ved=2ahUKEwi3gJyqyoPrAhXSQ30KHcmVC
Z8Q_AUoAXoECBQQAw&biw=1366&bih=657#imgrc=BewpipSQ-d9AKM
Terminologies:

League of Nations
WW II
1st government-sponsored international
financial institutions (WB and IMF)
TNCs
MNCs
ADB

https://www.google.com/search?q=currencies&safe=active&tbm=isch&source=iu&ictx=1&fir=q7k-MCWOZwLWBM%252CjzD4Ii1vsYLq
_M%252C_&vet=1&usg=AI4_-kR-Qwa1hcl2sWr5a53JrEzTBpzZag&sa=X&ved=2ahUKEwi4opS2zoPrAhWfgUsFHQW5AK8Q_h0wF3o
ECAwQBw&biw=1366&bih=657#imgrc=q7k-MCWOZwLWBM
Two Types of International Financial
Institutions
1. Intergovernmental* 2. Private

World Bank - its aim is to end


extreme poverty and promote shared
prosperity in a sustainable way.
International Monetary Fund -
works to foster global monetary
cooperation, secure financial stability,
facilitate international trade, and
Organizations that belong to World Bank

1. International Bank for Reconstruction


and Development
2. International Development Association
3. International Financial Corporation
4. Multilateral Investment Guarantee
Agency
5. International Center for Settlement and
Investment Disputes
World Bank and International Monetary
Fund

- They both grant financial assistance and


loans to developing countries.

https://www.google.com/search?q=world+bank+and+imf&safe=active&source=lnms&tbm=isch&sa=X&ved=2ahUKEwjp8Oyx1YPrAhV
Bb30KHezKBPAQ_AUoAXoECA0QAw&biw=1366&bih=657#imgrc=wk6uOGIEFjsZSM
Regional Development Banks
- Asian Development Bank (1960)
- African Development Bank (1964)

- they are intergovernmental financial


institutions created to spur social progress
and economic growth in order to address
and reduce poverty.
- as financial institutions, they are
anchored on the goal of fostering
sustainable development in their
respective member countries.
Private International Financial Institutions

1. Citigroup – an American multinational


investment banking and financial
corporation. It is the fourth largest bank in
the US.
2. Merrill Lynch – is the wealth
management division of the Bank of
America.

Both institutions provide investments


around the world. Investments can be
FDIs, stocks, or financial loans.
Both intergovernmental and private
financial institutions help facilitate the
functionality of a global economy by
lending money to their member
states and global corporations.

https://www.google.com/search?q=lending+institutions&tbm=isch&ved=2ahUKEwjR68Sz1YPrAhWLSCsKHfIOBNoQ2-cCegQIABAA&oq=lending+inst
itutions&gs_lcp=CgNpbWcQARgAMgIIADIECAAQGDIECAAQGDIECAAQGDIECAAQGDIECAAQGDIECAAQGDIECAAQGDIECAAQGDIECAAQGD
oECAAQQzoGCAAQBRAeOggIABCxAxCDAToFCAAQsQM6BwgAELEDEEM6CggAELEDEIMBEEM6BAgAEAM6BggAEAgQHlDVvj1Y_5c-YNaxPm
gAcAB4AIABkgGIAf4ckgEFMjAuMTeYAQCgAQGqAQtnd3Mtd2l6LWltZ7ABAMABAQ&sclient=img&ei=t3AqX5G0M4uRrQHynZDQDQ&bih=657&biw=
1366&safe=active#imgrc=6-gYb8Nz4-fSEM

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