The Contemporary World (An Introduction) : By: Diana Veronica T. Buot-Montejo
The Contemporary World (An Introduction) : By: Diana Veronica T. Buot-Montejo
The Contemporary World (An Introduction) : By: Diana Veronica T. Buot-Montejo
Colonialism
Destabilization
Attempting to define
globalization:
Classifications:
Solid
- Refers to barriers that makes movement
difficult
Liquid
- Increasing ease of movement of people,
things, information and places in the
contemporary world
Characteristics of Liquidity:
1. Today’s liquid phenomena change
quickly and their aspects, spatial and
temporal, are in continuous fluctuation.
Financial System
Migration
Information
The Elephant in the Room
A multi-dimensional phenomenon:
Economic dimension
Free trade vs. protection
The old equity and efficiency dilemma
Economy and the environment
Political dimension
Social dimension
Cultural dimension
Information and knowledge dimension
The role of media
Classification of Globalization
Theories:
A process that increases:
Homogeneity
- Refers to the increasing sameness in the
world as cultural inputs, economic factors,
and the political orientations of societies
expand to create common practices, same
economies and similar forms of government
- E.g. Cultural imperialism, Media Imperialism
Heterogeneity
- pertains to the creation of various
cultural practices, new economies, and
political groups because of the
interaction of elements from different
societies in the world
The Economic Dimension
From the prehistoric period to the modern time
The post-WWII period before the 1980s;
government activism; Marshall plan, GATT, IMF,
World Bank, etc.
The collapse of USSR and the emergence of the
new (neo-liberal) economic order with China as
major player; trade and financial liberalization,
worldwide economic growth, concerns about
income and wealth distribution; enhanced roles
of international economic institutions
Political Dimension
Nation states and their origins
International norms and laws
Nationalism, international disputes and wars
State Sovereignty and intergovernmental
organizations
International organizations and treaties
Globalization and national sovereignty: national
governments losing their control over their
relationships with other states (and in some
cases their domestic affairs) and yielding to
multinational and international organizations and
multinational economic powers
Are nation states becoming a thing of the past?
The Cultural Dimension
What constitutes “culture?”
Do cultural interactions and exchanges lead to
uniformity?
From blue jean, rock n roll, and McDonald’s to Starbucks and
I-pods
Why are most cultural conversions seem to favor Western
cultural phenomena?
The role of commerce
Western culture and democracy
The role of media; media concentration
Globalization of languages
Cultural conversions and the environment
The Discontents with Globalization
While benefiting many in different parts of the world the
globalization process has led to the disfranchisement of the
poorest of the poor in many developing countries as well as
some developed countries resulting in a widening gap
between the poor and the rich.
In their efforts to adhere to the prescribed economic and
financial liberalization (promoted and managed by the
West) many governments in the developing world have
curtailed or abandoned numerous social programs essential
to their economic development. (Education, healthcare,
etc.)
Insufficient concern for regional and global environment
has put many populations as well as the world as a whole
at risk while at the same time national governments find
themselves weakened, by a combination of economic and
political pressures from within and without, in dealing with
environmental consequences of globalization.
Discontents (continued)
The interaction between political and economic forces in
managing the globalization process seems to have been
directed more by politics than by economics.
The unfair (excessive) influence of the powerful interest
groups, particularly the ones in the West, in setting the
rules of the game and shaping the global economy;
these rules have in some cases made the poorest
countries worse off.
The conflicts (and competition) between small local
businesses and large multinationals often have led to the
disappearance of the former.
The economic system (American style capitalism) forced
upon developing countries is not appropriate for many of
them and has in fact harmed large segments of their
population.
Discontents (continued)
The international organizations (WB, IMF,
WTO, etc.) managing the globalization
process are run by appointed (non-
elected) officials mostly from rich
countries whose sensitivity to the
problems and needs of developing
countries is at best limited. Policies and
decisions undertaken by these
organizations tend to favor the political
and economic interests of the rich
countries their corporate citizens.
Discontents (continued)
The globalization process is being run in
very undemocratic ways. The rules and
policies are made by appointed officials
mostly from western countries who are
not accountable to even those countries’
electorates. Developing countries that are
most affected by the actions and decisions
of the managing international
organizations have little or no say in the
policy making process.
References: