Lecture 2
Lecture 2
Introduction
Global concerns require global efforts!
Why is globalization important?
Globalization changes the way nations, businesses and people interact. Specifically, it
changes the nature of economic activity among nations, expanding trade, opening
global supply chains and providing access to natural resources and labor markets.
Globalization refers to integration between people, companies, and governments.
The contemporary world refers to the present time period, which is characterized by
rapid changes and advancements in various aspects of life.
We experience globalization knowingly und unknowingly everyday of our lives
(movement of people, ideas, money or culture globally). This is not a new phenomenon.
What is new, is a range, scale and speed at which this movement is happening. (smart
phones, marketing process,pandemic how fast it has reached people around the world,
it was something concentrated in China and now its in all around the world /all over the
world/ in the whole world.
This term came into popular usage in 1980 to describe the increase movement of people,
knowledge, ideas, goods and money across national borders that has led to the
increased interconnectedness among the worlds population economically, socially,
politically and culturally. Globalization has many economic, political, social and
cultural implications.
Globalization in economics = multinational corporations operate on a global scale with
sattelite offices and branches with numerous locations. ,
Globalization in cultures = involves the spread of language, cultures,the arts, food, food.
Globalization in technology =accelerated spread and integration of technology,
information and communication systems on a global scale. the internet, global news
networks like CNN, cell phones, around 60% of all people in the world use cell phones,
Globalization also involves international travel , tourism and immigration. Tourism
impacts local, regional, and global economies!
Economy: GDP (Gross Domestic Product) is probably the best measure of the overall
condition of the economy because it includes the output of all sectors of the economy.
When economies grow, states can tax that revenue and gain the capacity and resources
needed to provide the public goods and services that their citizens need, like healthcare,
education, social protection and basic public services. Further to benefits provided by
the state, inclusive/economic growth brings wider material gains.
Culture (culture provides important social and economic benefits. With improved
learning and health, increased tolerance, and opportunities to come together with
others, culture enhances our quality of life and increases overall well-being for both
individuals and communities)
Politics: Stable political situation is important for every country!
Social protection is a human right. It ensures access to health care and income security
for all. It provides for you and your family when you're sick, unemployed, injured,
pregnant or too old to work. It provides support for your family in case something
happens to you).
DSWD (department of social welfare and development).
Which country has most social benefits? France.
Types (8) of Globalization
Political Globalization.
Social Globalization.
Economic Globalization.
Technological Globalization.
Financial Globalization.
Cultural Globalization.
Ecological Globalization.
Geographical Globalization.
D:
health issues/problems: global pandemics, the dawn of HIV.
new threats and challenges every day.
loss of culture.
wealth distribution = the poor are getting more poor, the rich are getting more rich☹
environment degradation.
climate change.
disparity = in the development of economies, conflicts and violence (ethnical, cultural,
religious).
History of Globalization:
Third phase (post-World War II): Establishment of a new global economic order
and international cooperation, followed by the challenges of neoliberal
globalism.
Economic dimensions are often emphasized, but political and social dimensions
are also considered.
Metaphors of Globalization:
The conclusion: We live in a global world( there are many pros and cons of
living our lives in a global world). We have to try to make this world
a better place for living, surviving, reproducing, procreating and moving
forward, to make this world a better place for everyone, for our future
generation.