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Understanding Globalization in Today's World
Aug 28, 2024
Contemporary World Lecture Notes
Introduction
Discussion on consumption habits: fast food (Jollibee, McDonald's), subscriptions (Netflix), gaming purchases (Mobile Legends, Dota), luxury items (Starbucks, Apple products).
Contemporary world: modern world we live in, characterized by interconnectedness.
Key Concepts
Global Age
Definition: A period characterized by a sense of interconnectedness among all human beings.
Focus on common faith for survival and shared culture despite geographical differences.
Globalization
Definition: A process of interaction and integration among people, companies, and governments of different nations.
Two Main Components
:
Interaction
Integration
Driven by international trade, investment, and aided by information technology.
Effects of globalization:
Environmental impact (e.g., climate change)
Cultural adaptation (e.g., K-pop influence)
Political and economic effects on development and well-being.
Characteristics of Globalization
Liberalization and Global Integration of Market
Emphasis on freedom to choose and engage in business.
Inevitability and Irreversibility
Globalization cannot be undone; it is an ongoing process.
Lack of Central Control
No single entity controls globalization; individuals play a role.
Long-term Benefits
Overall benefits for humanity, despite disadvantages for some.
Spread of Democracy
Promotion of majority rule and protection of minorities.
Global War on Terror
Need to address conflicts arising from globalization.
Conceptualizing Globalization
Definitions by Ritzer
Globalization as a transplanetary process with increasing liquidity and multi-directional flows.
Processes in Globalization
Creation of Transnational Individuals
Interconnectedness across cultures and traditions.
Formation of Social Groups
Rise of new communities and identities.
Emergence of Globality
New social conditions resulting from globalization.
Metaphors in Understanding Globalization
Solidity vs. Liquidity
Limited mobility (solidity) vs. increased movement (liquidity).
Flow
Movement of information and people affected by barriers.
Historical Perspectives on Globalization
Four Origins of Globalization
Hardwired Theory
Urge for better life drives globalization.
Cycle Theory
Globalization as a continuous cycle without clear start or finish.
Epochs
Different periods marking significant globalization events (e.g., colonialism, technological advances).
Recent Changes
Emergence of the US as a power post-WWII, rise of multinational corporations, end of the Cold War.
Conclusion
Contemporary world is marked by globalization and interconnectedness.
Further exploration of globalization's effects and historical context in future sessions.
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