Contemporary World - Lecture notes 1 PDF

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CONTEMPORARY WORLDObjectives: at the end of this video lecture you will be able to: Understand the meaning of Globalization Identify the different qualities and characteristic of Globalization Interpret his/her own meaning of Globalization. Chapter I. INTRODUCTION AND THE CONCEPT OF GLOBALIZATIONWha...

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CONTEMPORARY WORLD Objectives: at the end of this video lecture you will be able to: 1. Understand the meaning of Globalization 2. Identify the different qualities and characteristic of Globalization 3. Interpret his/her own meaning of Globalization. Chapter I.

INTRODUCTION AND THE CONCEPT OF GLOBALIZATION

What is CONTEMPORARY WORLD? Refers to circumstances and ideas of the present age, where it deals with problems and issues related to environment, population, wealth, power, tensions and conflicts. Why study CONTEMPORARY WORLD? a. To be aware about Contemporary World problems and issues that all societies must be concerned. b. To developed competencies and construct knowledge about problems and issues and become aware of our roles and our responsibilities as citizen. DEFINITION OF GLOBALIZATION Globalization (Borderless) as defined by the World Health Organization It is the increased interconnectedness and interdependence of people and countries, through opening of international borders to increasingly fast flows of goods, services, finance, people and ideas and the changes in institutions and policies of national and international levels that facilitates or promote such flows. With the birth of Information Technology and the widespread of these makes the world interconnected to each other. Because of these that anything and everything becomes global. Networking plays a pivotal role in establishing relationship between nations in the world resulting to the introduction of new normal Globalization. NETWORKING-the action or process of interacting with others to exchange information and develop professional or social contacts.

Differences: Globalization, Internationalization and Westernization To understand better, we should distinguish Globalization from the term Westernization to Internationalization? 

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Globalization the speed up of movements and exchanges of human resources, goods and services capital, technologies and cultural practices between countries in the world or expansion and intensification of economic, political and social relations and consciousness across the world. Internationalization describes designing a product in a way that it may readily consumed across multiple countries.

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Westernization is a process whereby societies come under or adopt western culture in areas such as industry, technology, politics, economics, lifestyle, law, norms, mores, customs and traditions.

Examples of Globalization (Concept Map)(E²FCPSTG) Because of trade developments and financial exchanges, we often think of globalization as an economic and financial phenomenon. Nonetheless, it includes a much wider field than just flowing of goods, services or capital. Often referred to as the globalization concept map some examples of globalization are the following: Economic globalization: is the development of trade systems within transnational actors such as multinational corporations or NGOs; Process in which business orgs are starting to operate internationally. Financial globalization: can be linked with the rise of a global financial system with international financial exchanges and monetary exchanges. Stock markets, for instance, are a great example of the financially connected global world since when one stock market has a decline, it affects other markets negatively as well as the economy as a whole. Cultural globalization: refers to the interpenetration of cultures which, as a consequence, the nations adopt principles, beliefs, and costumes of other nations, losing their unique culture. Political globalization: the development and growing influence of international organizations such as the UN or WHO means governmental action takes place at an international level. Sociological globalization: the integration of different cultures of different societies become possible. Technological globalization: the phenomenon by which millions of people are interconnected because of the power of the digital world via platforms such as Facebook, Instagram, Skype or Youtube. Geographic globalization: is the new organization and hierarchy of different regions of the world that is constantly changing. Moreover, with transportation, flying made so easy and affordable, apart from a few countries with demanding visas, it is possible to travel the world without barely any restrictions or less restrictions. Ecological globalization: accounts for the idea of considering planet Earth as a single global entity – All societies should protect since the weather affects everyone and we are all protected by the same atmosphere. To this regard, it is often said that the poorest countries that have been polluting the least will suffer the most from climate change.

THE BENEFITS OF GLOBALIZATION Globalization has benefits that cover many different areas. It reciprocally developed economies all over the world and increased cultural exchanges. It also allowed financial exchanges between companies. Many people are nowadays citizens of the world. The origin of goods became secondary and geographic distance is no longer a barrier for many services to happen. Forces and Drivers of Globalization

Politics

Economics

Technology

Globalization

Individuals and Institutions

Culture

Environment

Characteristics of Globalization(CIEC) According to Held and McGrew (2002) a Globalization has several distinguishing characteristics. 1. Creation and Multiplication of connections: development and increasing social network and cultural activities that led to the breaking of traditional norms and practices in the political, economic and cultural realisms of most communities. 2. Expansion and Stretching of connections: social operations and corrections on how the financial markets and trading operate around the globe like the operations of Economic Organizations like of WTO ASEAN Economic Community, World Economic Forum and European Union that brought expansions throughout the world. 3. Intensification and Acceleration of connections:

human activities where it describes how the process of world and individual connection works. The fourth Industrial Revolution is a concrete example where Digital machines widely used in reaching every global events.

4. Consciousness and awareness of connections: the people as the primary actors of globalization is very important on how they impact the growing outcomes and markers in globalization specially the implications of their actions to the norms and practices of borderless world....