Metaphors of Globalization

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Metaphors of Globalization

Flow

The removal of restrictions on interstate trade,


movement of people, and access to
communication and information services is
referred to as deregulation.
Globalization considered as a system of flows

MIGRATION
Migration is the process of moving from one place to another,
usually with the intention of settling permanently in the new
location. Migration can be triggered by a variety of factors,
including economic opportunities, political instability, or natural
disasters.
Globalization considered as a system of flows

TRADE
There are uneven flows of materials occurring to meet demands
for raw materials, completed commodities, and all intermediate
items in between.
Globalization considered as a system of flows

TELECOMMUNICATION
S
Telecommunication is the transmission of information by various
types of technologies
Friction

The conflict, disparity, and crisis generated by


the open market system paved the way for the
existence of friction as a metaphor of
globalization.
Friction

Job Markets in the advanced


economies significantly
weakened
Friction

Trade War between US and


China
Friction

Income gap between the rich


and the middle class
Friction

Cyberwar as the fifth domain


of war.
Acceleration

It refers to the exponential growth of technological


capacity in furthering a new height of globalization to
which human being will co-exist with intelligent
machines.
Acceleration
Acceleration

STEVE JOBS

IN 2007, Steve Jobs introduced the


iPhone the world's best media player,
world's best telephone, and world best
way to get to the Web - all three in one
Acceleration

Fast & Furious AI can solve current problems we


could never Imagine but getting AI
But Speed always controlling man is another thing
comes with danger
Acceleration

The Acceleration of Global


Population

1946 - 2.2 Billion People

Today - 7 Billion People


Acceleration

The Acceleration of Global


Warming
DISRUPTION

Disruption is a recurring cycle of


“creative destruction”—a term
coined by economist Joseph
Schumpeter
DISRUPTION

• significantly weaken an existing product and create a


new market.

• disrupting a companies/business

• tends to cause market destabilization and, often,


industry panic.
DISRUPTION
DISRUPTION

Did you know?

China is a disruptor. it is a marxist country but became number one fan


of capitalism. its economic growth phenomenal- double digit GDP
growth for 20 consecutive years, and soon to eclipse USA as the world’s
biggest economy.
DISLOCATION

What is Dislocation?
• a situation in which a person or thing, such as an industry or economy, is no longer
working in the usual way or place

• people are replaced as they lost their jobs due to technological innovation

• Individuals, business organizations, and state economies that cannot keep pace with
global changes due to technological, economic and other factors will be replaced.
DISLOCATION

Dislocation?

• The First, Second, and Third Industrial Revolutions' eras' jobs will be

automation will take its place, until the labor market will reach new

heights of competencies tuned to the Fourth Commercial Revolution.

• Small firms will be eaten up by Big Businesses

• Local Markets are severely affected by the influx of cheap foreign goods as

a result of bilateral or multi-lateral trade agreements.


DISLOCATION

Dislocation?
Automation is one of the examples of Dislocation, Automation and AI have the capability to,

in Stephen Hawking’s words, ‘decimate the middle-class jobs’ and displace the working class.

The fear, as Business Insider puts it, is that the necessary trade-off of radical increases in

efficiency in industry will be a loss of human jobs to machines.

The displacement of shop floor workers as a result of automation results in higher

unemployment rates for your region or state.


DISRUPTION
CONNECTIVITY

What is connectivity?
- It refers to a establishment of infrastructures that enhance global
competitiveness a midst the expanding International market capitalist
system.

- Different infrastructure financing agencies employ varying


definitions of connectivity. An intrinsic characteristic of connectivity
is that it is synonymous with networks, which in turn are a set of
interconnected node.
CONNECTIVITY

Two important dimensions

Hard infrastructure Soft infrastructure


- also known as tangible or built - intangible infrastructure of human
infrastructure capital
- which covers the construction of world - it connotes the importance of education
class airports, bridges, harbors, roads system and efficient internet access.
and the likes.
CONNECTIVITY

Importance of connectivity
Reaching people by email, smart phone
and other remote means have a very
important future. Greater reliability and
increased availability with higher
performance and improved efficiency
will empower new user experiences and
connect new industries the world over.
CONNECTIVITY

Advantage Disadvantage
- Some advantages of global - Some disadvantages include
electronic access to valuable
connectivity include increased
information, which can be used
access to information, global maliciously, and a decrease in the
markets, and communication ability of small companies to
between societies and peoples compete with larger, global
companies.
Metaphors of Globalization

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