CONTEMPORARY

GLOBALIZATION
GROUP 6 CHK
 GLOBALIZATION AND
ECONOMIC DEVELOPMENT

• Globalization – 19th Century

• Competition
• Emergence of INTERNATIONAL AGENCIES and
INSTITUTIONS
 DIFFERENCE FROM PAST GLOBAL
CONNECTIONS
IN TERMS OF FUNCTIONS
• much greater SPEED
• Larger SCALE
• Broader SCOPE and multiple dimensions
• New Level of COMPLEXITY
• Interactions and Interdependences
Flow of goods, Capital and Information

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Imports and Exports
 COMMODITY CHAIN

• Networks of labor and production processes

• Extraction and Production of raw materials
• End – Delivery and Consumption of Goods
• Internal to the global operations of transnational
corporations
 COMMODITY CHAIN

• Producer-Driven - TNC coordinate production networks

• Consumer-Driven – Large retailers, Brand name
merchandisers influence decentralized production
• Marketing-Driven – hybrid of Producer- and Consumer-
Driven
 GLOBALIZATION is the expansion and
intensification of linkages and flows of
capital, people, goods, ideas, and cultures
across national borders.
 FIVE CULTURAL FLOWS

• Ethnoscapes - people
• Technoscapes – goods, technologies and architectural styles
• Finanscapes - money
• Mediascapes – image of the world
• Ideoscapes - ideas
 CAUSES OF GLOBALIZATION

• New internal division of labor

• Internalization of finance
• New technology system
• Global consumer markets
 OUTCOME OF GLOBALIZATION

• Consolidation of the Core

• New Hierarchy of regional economic specialization
• Intensified differences between Core and Periphery
• Narcotics, Laundered money, Diseases, Terrorists
SLOW WORLD
Limited participation of transnational industry

FAST WORLD
Regions directly involved as producers and
consumers in transnational industry
Leading edge: Internet
JIHAD
Cultural values, traditional tribal allegiances and
opposition to Western materialism

McWORLD
Pop culture and shallow materialism
 MCWORLD VS JIHAD

• Neither is conducive to a healthy democracy

• Marked disillusionment with the West
• US as swaggering superpower
• Injustices experienced by Palestenians
 ECONOMIC GLOBALIZATION

• Still in its beginning stage

• Great deal of change throughout the world
• Progressive Change
• Variously embraced
 MOBILIZATION AGAINST
GLOBALIZATION

• Protests against undesirable local outcomes of

transnational business practices
• Old-fashioned popular protest
• Alternatives that counter the prevailing trend
-END-
CONTEMPORARY GLOBALIZATION
Group 6
Cercado, Franklin J.
Rafael, Raffy
Talens, Isaiah
Tengco, Theresa
Torres, Alyzza