MarytheQueenCol

lege(
Pampanga),I
nc.
JASA,SanMati
as,
Guagua,Pampanga

CONTEMPORARYWORLD

Subj
ectCode: Modul
eNo.
/Ti
tl
e:
GE3 Nos .
1-2.I
ntr
oduct
ionandAdvant
agesofGl
obal
i
zat
ion
Subj
ectDes
cri
pti
on: Per
iodofCover
age:
TheCont
empor
aryWor
ld Week1
I
ntr
oduct
ion:

Gl
obali
zati
ondes cr
ibeshowdi ff
erentworldcul t
ures,
populat
ions,andeconomiesareinterdependentfrom eachother.I
tisaconsequenceofcross
-
bor
derbusi
ness.Technology, goods,i
nves tments,i
nformat i
on,andservi
cesalongwiththelabormar ketar
et hemos tpopularcomponentsofsuchacti
vit
y.
Nat
ionshaveestabli
shedwor l
dwidei ntegrat
ionovermanycent ur
iesbyenablingeconomic,pol
it
ical,andsocial
partners
hips.
Obj
ecti
ves:
1.Todi
ffer
ent i
atetheadvant agesofglobalizati
on
2.Toappreciatethei mportanceofgl obal
ization
3.Tocompletet heact i
vit
yaboutgl obali
zation.

Cont
ent
:

Whati
sGl
obal
i
zat
ion?

Globali
zationdescr
ibeshowdiffer
entworldcult
ures
,popul
ati
ons,andeconomiesar
einterdependentfrom eachother.Iti
saconsequenceofcros
s -
border
business.Technol
ogy,goods
,investment
s,inf
ormati
on,andservi
cesal
ongwiththel
abormar ketar
ethemos tpopularcomponentsofsuchact
ivi
ty.Nati
ons
havees tabli
shedworldwi
deintegrati
onovermanycenturi
esbyenabli
ngeconomic,pol
i
tical,
ands oci
al par
tnershi
ps.
Advant
agesofGl
obal
i
zat
ion

Resear
chershaveconcl
udedvari
ouspos
iti
veef
fect
sofgl
obal
i
zat
ionwhi
chs
omedevel
opedcount
ri
esenj
oyt
oday.
It’
shar
dtoencount
ereachoft
hem,
butl
et’
sfocusonsomees s
enti
alpoi
nts
.

GlobalMarket
Amongal leff
ectsofgl obal
izat i
on, thisonei sbenefi
cial
.I
tmeansencour agingnationstospecial
i
zeandpr oducepl entyofgoodsavai labl
eintheirl
ocalmar ket
.
Diff
erentcountri
espr oducedi fferentpr oductsandwhati smos tsur
pri
singthereisnocount r
ywhi chi
ss el
f-
suffi
cient.Somecount ri
eswithdevelopedeconomi es
don’thaveenoughr awmat erialsfort heirf
actor
ies,whil
etherestaccumulatecos t
smor ethanitshould.Worldwidei ntegrati
onhasl edthewayt ocheapr aw
mat er
ial
s.Nows tatescanpur chas et hem andpr oducelowpriceproductswithagoodpr ofit
.
Developedcount r
iesadvertis eforthel ow-i
ncomecommuni t
yt obuytheirproductswit
hcompat iblepri
ces.Theyal sos el
lgoodst odevelopi
ngcount r
iesbecause
theyareaffordable.Theyar es uppos edtopr omotetheeconomi cgrowthofthecount r
yfrom wher etheybuyt heirrawmat eri
alsastheyinvestthei
rmoney
overseasbybui l
dingindustriest opr oducecheapgoods .

Thelargerthemar ket,t
hemor etheret
urns.Thisconcepthasextendedbusiness
esindevelopedcountri
es.Theyhaveals
oexpandedbyacquir
ingcompaniesin
developingcountr
ies,part
neri
ngandmer gi
ngwi thotherst
oreachoutt oabigmar ketandproducecheapergoodsduetotheavail
abil
i
tyofmateri
alsandlabor
.
Avail
abili
tyofcros
s -
bordermarketencouragescompani esfr
om developedcountri
estocreat
evar i
ousgoodsbecausetheyhaveconsumersworl
dwide.Someof
them producevehicles,
othercl
othesorfoods.Therearearangeofpr oduct
sinventedindevelopedcountr
iesandsol
delsewher
e.

Cross-Cult
ural Management
Eachcount ryhasgoti tsownculture.Cult
ureper tainstot
hewaypar ti
cularpeopledot hingsaswel last heirvaluesandbel ieves.I
ncorporati
ngal lcult
uresto
form aglobal oneisnoteasy.Forinst
ance, genderequal i
tyi
snotr ecognizedinsomel egal syst
ems ,andt heydonotal lowwoment ol
eadorengagei nbusines
s.
Beforeglobalizati
on,manycount ri
eswoul dnotal l
owf emalestoacquireeducation,andeveni ftheydid, theywer es upposedt odojobss uchast eachingor
nursi
ng. Nowal otofst
ateshaveadopt edf eaturesofAmer i
cancul t
ureeveni nthewayt heycar r
youtbus ines s
.Forinstance,oneoftheUni tedSt atesfeat
ures
i
skeepi ngt i
measwel l
asunder s
tandingitsvalue. Theydon’tl
ikeprocrasti
nati
ngwi t
hr idicul
ousactivi
ties. Populati
onindevel opedandunder developed
countrieshaveacul tur
eofengagi nginact i
vit
ieswhi chareprofi
tableeit
hersocial
ly,
economi cal
lyors piri
tually.Herebecomesanewgl obalculture.
Globali
zationisacaus ali
tyofcul
turalerosi
onincommuni ti
esfrom bothdevelopedanddevel opi
ngcount r
ies .

Competiti
on
Competiti
onisaheal
thywayofdoingbus i
ness.Wit
houtit
,companieswouldnotpi
oneersomeinnovati
onsi ncross-
bordertrade.I
tist
hemai nr
easonwhyt
he
qual
it
yofgoodsands ervi
cesi
mproveaswel laswhyt hepri
cesdrop.Competi
ti
onaff
ect
edindust
ri
esins omedevel opedcount r
iestosour
cecheapraw
materi
alsandlabort
odecreas
eprices
.Peoplefrom t
hefir
st-
worldcanaffor
dthemsel
vestobuyproductsfrom domes t
icindustr
iesandforei
gnones.
Competiti
oncausesi
ncreas
edcommuni cat
ionofideasandinnovati
onaspeopletr
ytofi
ndacompet i
ti
veadvant ageforthei
rbus i
ness
.
J
obOppor
tuni
ty

About90per centofthef
irs
t-worl
dpopulati
onearnsforli
vingt hr
oughempl oyment.Ini
ti
al l
y,jobopportunit
ieswer equitescarce,andeveryonewhogr aduated
fr
om collegeappl i
edinacertai
ngovernmentsect
or ,
butmos toft hem endedupwor kingasacas uallaborerinindustr
ieswithal owincome.Gl obal
izat
ionhas
broughtt hi
strendtoahaltasmor ejobopport
uni
tiesarenowavai l
abl
el ocallyandinternat i
onal
ly.Byusingtechnology, onecanacces semployment
opportuniti
es,workremotelyandevenhavemor ethanonej ob.
Manys tudent scomeoutasent r
epreneur
sreadytogr owtheirownbus i
nessandcr eatej oboppor t
uniti
esforother s
.Globali
zationhasbroughti ndi
versif
icat
ion
whichhel psstudenti
nter
actwi t
hforei
gners
.Theyexchangei deasonavai lableoppor t
unitiesinvari
ouscount ri
es,ands uchdiscussi
onsbroadent heirmindon
howt ofindempl oymentorotherwaysofmakingadecentl i
ving.Themaj orstandardsofl i
vinghavei mprovedduet oanext endedlabormar ket.

ReducingtheGapbet weent heRi chandt hePoor

Global
izat
ionhasnotabl ydecl i
nedt hegapbet weenri
chandpoorpeopl e.Formanycent uri
estherehasbeenawi degapbet weent hesegroups ,agapt hat
seemedt owideneveryyear .Globalizati
onenabledpoorpeopletohaveacces stojobopportunit
ies.Alongti
meagopeopl ewhowor kedingover nments ector
s
andcompani esgothighs alaries,butnowevenover educatedemployeesearnalitt
lemoney. Asar esul
t,manyempl oyershir
equal i
fiedwor kersandpayt hem
l
es st
hant heydeser
ve. Duet ot heirexpens esofmaint
aini
ngcompani es’s
pecif
ici
mage, t
hehighlypaidworkersliveas tres
sful l
i
fewhi l
ethel ow-incomepeopl e
seem tohaveas t
ress-freeexper ience.
Thenumberofl ow-i
ncomepeopl ewor ki
ngascas uall
aborershasconti
nuedtodecr easeasmos tyoungpeopleacqui r
eeducat i
on.Theseyoung, educated
peopleperfor
m multi
tas ki
ngj obst ogetenoughmoneyt oenablethems el
vesandt heirf
amil
yt oli
veadecentlife.Cons equently,acons t
antdi f
ferencebet ween
theri
chandt hepoorr educecons iderably.Mosti
ndustr
iesemployonlyski
ll
edwor kersduetocompl icat
edsyst
emsofoper ati
on. Thosewi t
houts kil
lsseek
employmenti not
hers tates.I
ns teadofs tayingwit
houtanincome, mostpeopledon’tmindthedisplacementasl ongast heyar egoingt oear nforal i
ving.

I
nves tments
Thepopul at
ionofdevel opedcount r
iesprefer
stoi
nvestmoneyi npr
ofitablebusi
nessesratherthandepos i
titi
nbanks .
Thereasonis
,theystr
ivetoearnfora
l
ivingremotelybecaus einvest
ment sassuretheywil
lgaingoodprof
itswi t
houtanyef f
orts
. Unf
ortunat
ely,suchanopt i
onisavai
labl
eonlyforthosepeopl
ein
developedcountriesasus ualdefaul
tsofeconomiesinthir
d-worl
dstatesmakei ti
nsecure.Peopleareafrai
dt oinves
tthei
rearni
ngsbecausetheycannot
predictwhethertheirnationalcur
rencywi l
lbeequi
valenttotheUSdollarnextyear.Othersspenditbyes t
ablis
hingfi
rmsandindustr
iesi
nforeigncount
ries
wher etheygainpr of
it
s.

Advancedt echnol
ogy
Advancedt echnol
ogi
esarearesultofgl
obal
izat
ion.
Aconst
antneedforinnovat
ionsappearedduet othelackofqui
ckdatatransf
erandpubli
ccommuni cat
ion.
Lotsofinventor
shavetr
iedtoservetheneedsofmoder
nsociet
ybyimpr ovi
ngtechnology.
Itsadvancementhaspavedt hewayforposit
iveef
fectsof
global
izati
onincount
ri
esthati
nit
iall
ydidnotwanttoas
soci
atewit
hot hers.
Suchstatessel
ectpartner
sforcooperat
iondependi
ngonr el
igi
onrathert
hanthe
economy.
LegalEffects
Throughgl obal
izat
ion,peopl
egett oknowwhat ’shappeninginothercountri
es.Medias er
vicescovereventswhichoccurinot hercountr
ies
.Asar esult
,var
ious
tur
moi l
scoul dbesolvedbyinternati
onalmediators.Thosewhoper form act
sagainsthumanr i
ghtsarearrestedandsentencedbyi nter
government al
court
s.
Equall
y,thosewhopr acti
cei
ll
egal busi
nessai
mi ngt ogetcompeti
torsoutoft r
adingarepr osecut
ed.Never t
heles
s,lot
sofstatesarenots at
isf
iedthata
parti
cul
arI GOinter
feresdomes t
icpoli
cyanddi ctatethem howtheys houldoperatewithinownboundar ies.I
mpos edeconomics ancti
onsprosecute
government swhichr ef
usedtoadopti nt
ernat
ional conventi
onsandf ol
lowtheirl
aws .

Lear
ningRes
our
ces
:
Sli
de/
Power
Poi
ntPr
esent
ati
on:I
ntr
oduct
ionofGl
obal
i
zat
ion

Act
ivi
ty1Expr
essYourThought
s

Ans
wert
hef
oll
owi
ngques
tionswi
thatl
eas
t3s
ent
ences
.

1. Whatisthei
mportanceofGl
obali
zati
oni
nourdail
yli
fe?
2. DoesGlobal
i
zat
ionhelpsusmakeagoodconnecti
onwithothercul
tur
es/nat
ions
?Why?
3.Choose1advantageofGlobal
izat
ionandexpl
ainwhydidyouchooseit
.

Ref
erences
:

ht
tps
://
edus
son.
com/
blog/
pos
iti
ve-
and-
negat
ive-
eff
ect
s-of
-gl
obal
i
zat
ion

NextLes
son:Pos
iti
veandNegat
iveEf
fect
sofGl
obal
i
zat
ion

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epar
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