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    The Contemporary World - Maceda - Bsed 2a

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    Globalization is the process by which ideas, goods, services, technology, and information spread globally and economies become more interconnected through increased trade and cultural exchange. It involves the integration of economies and cultural convergence that promotes interaction and interdependence among nations. Globalization is driven by cross-border trade, flows of investment and people, and advancing technology that connect countries and cultures in modern life.

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    The Contemporary World - Maceda - Bsed 2a

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    Globalization is the process by which ideas, goods, services, technology, and information spread globally and economies become more interconnected through increased trade and cultural exchange. It involves the integration of economies and cultural convergence that promotes interaction and interdependence among nations. Globalization is driven by cross-border trade, flows of investment and people, and advancing technology that connect countries and cultures in modern life.

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    Globalization is the process by which ideas, goods, services, technology, and information spread globally and economies become more interconnected through increased trade and cultural exchange. It involves the integration of economies and cultural convergence that promotes interaction and interdependence among nations. Globalization is driven by cross-border trade, flows of investment and people, and advancing technology that connect countries and cultures in modern life.

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    The Contemporary World - Maceda - Bsed 2a

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    Globalization is the process by which ideas, goods, services, technology, and information spread globally and economies become more interconnected through increased trade and cultural exchange. It involves the integration of economies and cultural convergence that promotes interaction and interdependence among nations. Globalization is driven by cross-border trade, flows of investment and people, and advancing technology that connect countries and cultures in modern life.

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    Republic of the Philippines

    Bulacan State University


    City of Malolos, Bulacan
    Tel/Fax (044) 791-0153
    COLLEGE OF EDUCATION

    The Contemporary World (TCW101)


    Assignment #1 – Definition of Globalization

    Name: MACEDA, CLARISSE C. Date: 02.6.2023


    PYAS: BSEd Sciences 2A Instructor: Mrs. Catherine Roxas

    1. Globalization is the process by which ideas, knowledge, information,


    goods and services spread around the world. In business, the term is used in an
    economic context to describe integrated economies marked by free trade, the
    free flow of capital among countries and easy access to foreign resources,
    including labor markets, to maximize returns and benefit for the common good.
    Globalization, or globalisation as it is known in some parts of the world, is driven
    by the convergence of cultural and economic systems. This convergence
    promotes -- and in some cases necessitates -- increased interaction, integration
    and interdependence among nations. The more countries and regions of the
    world become intertwined politically, culturally and economically, the more
    globalized the world becomes. (Ben Lutkevich, 2021)

    2. Globalization is the word used to describe the growing interdependence of the


    world’s economies, cultures, and populations, brought about by cross-border
    trade in goods and services, technology, and flows of investment, people, and
    information. Countries have built economic partnerships to facilitate these
    movements over many centuries. But the term gained popularity after the Cold
    War in the early 1990s, as these cooperative arrangements shaped modern
    everyday life. As with major technological advances, globalization benefits
    society as a whole, while harming certain groups.. (What Is Globalization?, 2018)

    3. Globalisation- According to Peter Jay, globalization is defined as:


    The ability to produce any goods (or service) anywhere in the world, using raw
    materials, components, capital and technology from anywhere, sell the resulting
    Republic of the Philippines
    Bulacan State University
    City of Malolos, Bulacan
    Tel/Fax (044) 791-0153
    COLLEGE OF EDUCATION

    output anywhere, and place the profits anywhere.’ (4.1.3 Factors Contributing to
    Increased Globalisation, n.d.)

    4. defining globalization as a process whereas globality is a condition or a frame of


    reference that implies the end-state of globalization, if not a fully globalized
    borderless world. For its part, globalism presupposes an ideological stance or
    project that enacts, promotes, transforms, or resists globalization. For instance,
    the starting point of a globalist stance known as “hyperglobalism” is that
    globalization has significantly undermined the ability of national governments to
    resist, control, or regulate the incoming flows in economic, social, cultural, and
    political domains. Based on the belief that globalization is both inevitable and
    irreversible, hyperglobalists suggest adjusting policies and visions to global
    transformations rather than attempting to resist globalization. Axford (2013)
    Republic of the Philippines
    Bulacan State University
    City of Malolos, Bulacan
    Tel/Fax (044) 791-0153
    COLLEGE OF EDUCATION

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