Introduction To Globalization: Trading
Introduction To Globalization: Trading
Introduction To Globalization: Trading
INTRODUCTION TO GLOBALIZATION
OVERVIEW
Over the last century, human beings have encountered many changes especially in their
social relationships and social structures. We are part of the global age. Through internet and
social media, we will be able to know what is happening and we can have connections not only
in the Philippines but also all over the world.
What is your idea about the term “globalization”? Write as many words related to
globalization as you can.
Globalization is a concept that is not easy to define because of its shifting nature. The
meaning varies because it is complex, multifaceted and can be influenced by the people who
gives its definition.
What is globalization?
Globalization is the set of processes by which more people become connected in more
and different ways across ever-greater distances.
Globalization is the process by which capitalism expands across the globe as powerful
economic actors seeking profit in global markets and impose their rules everywhere, a
process often labeled “Neoliberalism.”
Globalization is an interaction of people and primarily an economic process of integration
which has social and cultural aspects as well and consciousness across world-time and
across world-space.
Globalization is the expansion and intensification of social relations
GNED 07 – CONTEMPORARY WORLD
LESSON 1: DEFINITION OF GLOBALIZATION
The world system is a perspective that globalization is essentially the expansion of the
capitalist system around the globe.
Core
high-income countries
manufacturing base of the planet
Periphery
low-income countries
supports the wealthier countries with resources and labor
Semi-periphery
middle-income countries
closer ties to the global economic core
GNED 07 – CONTEMPORARY WORLD
LESSON 1: DEFINITION OF GLOBALIZATION
Source: https://medium.com/
Globalization is the work of the Western state and has taken hold around the world; by
controlling information flows, Western media companies shape global consciousness; the
popular culture of “Mc World” is of mostly western origin. Globalization thus entails cultural
imperialism. We agree that some things become more similar around the world as globalization
proceeds.
Capitalism – is a system in which all natural resources and means of production are privately owned.
Market globalism is an idea that reflects the concepts of globalization. It seeks to endow globalization with free
market and norms and neoliberal meanings.
Neoliberalism – is in the first instance a theory of political economic practices that proposes that human well-being
can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework
characterized by strong private property rights, free markets and free trade.
Privatization – is the process of transferring an enterprise or industry from the public sector to the private sector.
Some of the government owned and controlled corporations in the Philippines transferred already from public to
private sector are Philippine Airlines (PAL), Philippine Long Distance Corporation (PLDT), Manila Electric Company
(MERALCO) and Manila Waterworks and Sewerage System (MWSS) which are now MAynilad Water Services and
Manila Water Company.
GNED 07 – CONTEMPORARY WORLD
LESSON 1: DEFINITION OF GLOBALIZATION
References:
Aldama, Prince Kennex R. 2018. The Contemporary World. First Edition. Rex Printing
Company, Inc.
Claudio, Lisandro E. and Abinales, Patricio N. 2018. The Contemporary World. C & E
Publishing, Inc.
Saluba, Dennis J. et. al. 2018. The Contemporary World. Panday-Lahi Publishing House, Inc.
ACTIVITY 1
Watch the following videos on YouTube. These videos will help you understand more
what globalization is including its pros and cons.
What is Globalization? https://www.youtube.com/watch?v=q1ECZSYBvQE
Globalization explained. https://www.youtube.com/watch?v=JJ0nFD19eT8
Make a concept map of your own definition of globalization, its advantages and
disadvantages. You can add more shapes and use your own design. (15 points)
Trading/
Exchanging
Global
Money and
Influence
Capital
GLOBALIZATION
Meet new
Sharing Ideas and
Latest
Knowledge
Technologies
GNED 07 – CONTEMPORARY WORLD
LESSON 1: DEFINITION OF GLOBALIZATION
Produce new
Technologies
Trading of New
Goods Development of
Industry
Advantages of
Globalization
Neglected
Environment
Young children,
teens focus on Greatly afffects
media and internet other cultures and
traditions
Disdvantages of
Globalization
Unequal priorities
Spread Viruses all
in Employment
throughout the
(Has high
country
standards)
GNED 07 – CONTEMPORARY WORLD
LESSON 1: DEFINITION OF GLOBALIZATION
ACTIVITY 2
Do an inventory of everything you have in your room, in the kitchen and the living room.
Organize in two types: first, “things” that are made in the Philippines and second, those that are
of foreign brands. List the countries of origin of your foreign-brand items. (10 points)
LEARNING GUIDE
Week 1
September 14 & 16
September 18