01 LCD Introduction To Globalization
01 LCD Introduction To Globalization
• LEGAL GLOBALISM
• refer to the spread of legal practices and
institutions to a variety of issues, including world
trade and the criminalization of war crimes by
heads of states.
Globalism is a phenomenon with ancient roots and
globalization is the process of increasing globalism,
now or in the past. However, others also argue that
globalization is both a phenomenon and a process.
Globalization
Introduction to Globalization
Globalization is the process by which globalism
becomes increasingly thick. The issue is not how old
globalism is, but rather how “thin” or “thick” it is at any
given time.
Example of “thin globalization,” the Silk Road provide an
economic and cultural link between ancient Europe and Asia,
but the route was plied by a small group of hardy traders,
and the goods that were traded back and forth had a direct
impact primarily on a small (and relatively elite) stratum of
consumers along the road.
“Thick globalization,” on the other hand, involve many
relationships that are intensive as well as extensive: long
distance flows that are large and continuous, affecting the
lives of many people. Example is the operations of global
financial markets today, affect the people from Peoria (city in
Illinois, USA) to Penang (Malaysia).
“Thick globalization,” on the other hand, involve many
relationships that are intensive as well as extensive: long
distance flows that are large and continuous, affecting the
lives of many people. Example is the operations of global
financial markets today, affect the people from Peoria (city in
Illinois, USA) to Penang (Malaysia).
Various Definition of
Globalization
Introduction to Globalization
Barfield, Claude (2000)
Interdependence Globalization
• It involves mutual dependence and • It refers to the integration of markets,
cooperation politics, values, and environmental
• At the heart of the concept of concerns across borders (Nassar,
interdependence is reciprocity 2005).
• It is a political and economic situation
in which two states are simultaneously
dependent on each other for their
well-being (Nassar, 2005)
Attributes of Globalization
Internationalization
Hyperglobalizers & Weak Globalizers Skeptics and Rejectionists
Transformationalists
•They see profound • There are many • Globalization is a myth.
changes in the important changes in
international system. the international system
but increased
•Contemporary patterns internationalization is
of globalization are viewed not altering the world to
as being unprecedented. the extent claimed by
the hyperglobalizers
Views and Arguments on:
Economy
Hyperglobalizers & Weak Globalizers Skeptics and Rejectionists
Transformationalists
•There is a borderless • States’ economy remain • National governments
economy that integrates sovereign. remain in control of
people everywhere in the their domestic
global market. economies as well as the
regulation of
international economic
activities.
Views and Arguments on:
Nassar in his book Globalization and Terrorism: The Migration of Dreams and
Nightmares explained that religion, technology, economy, and empire are the
engines that empower the drive toward globalization.
Thus, power, wealth and greed play a major role as root causes of
globalization. Even the area of technology is arguably driven by the profit
motive.
According to Payne
Payne believes that the causes of globalization are inseparable from the
human desire to explore, to gain greater physical and economic security, to
be creative and curious, and to move from one country to another. He
mentioned the causes such as:
1.) Migration 4.) Financial Market Expansion
2.) Advances in Military 5.) Communications Revolution
3.) Medical Technologies
Forms of Globalization
Introduction to Globalization
Economic Globalization
Economic Globalization may be defined as the intercontinental exchange of
products, services, and labor. Frankel (2005) points out that this is one of the
most powerful forces to have shaped the postwar world.
In 1944, US, Britain and other countries held a conference in Bretton Woods,
New Hampshire, to determine the international financial order.
The conference established the Bretton Woods System, which required the
currencies of other countries to have an exchange rate fixed to the dollar,
with the dollar fixed in terms of gold at $35 an ounce. This arrangement gave
the US significant influence over the international monetary supply.
The World Bank