2. Learning objectives
Synthesize the
definitions of
globalizations by
different
authorities;
1
Explain the different
attributes or
characteristics of
globalization;
2
Trace the
historical
periods of
globalization
3
Identify the
different
dimensions of
globalization;
4
Expound the major
ideological claims
of advocates of
globalism.
5
3. Advantages of
Globalization
Peaceful relations
with other countries
focusing on trade to
boost one’s economy
Generation of
numerous
employment
opportunities
Opportunities to
study abroad or to
learn new curriculum
Enhancement of the
quality of products
Cheaper prices
Easy access of
information
4. Advantages of Globalization
Various modes of transportation made available
Free trade in which a country does not levy taxes, duties, subsidies or
quota on the import/export of goods or services from other countries.
Increased of the number of tourists visiting different countries
Opportunity for corporate, national, and subnational borrowers to access
external finances
5. Disadvantages of Globalization
Health issues Loss of culture
Uneven
wealth
distribution
Environment
degradation
Disparity Conflicts
Cut-throat
competition
7. 1. Economic
Dimension
This refers to the extensive
development of economic
relations across the globe as a
result of technology and the
enormous flow of capital that
has stimulated trade in both
sources and goods.
8. • Major players in the current century’s global economic order
a. Huge international corporations (General Motors, Walmart, Mitsubishi, etc.)
b. International Economic Institutions (IMF, World Bank, The World Trade
Organization)
c. Trading systems
• The result of these powerful forces resulted in the wide gap between
the rich and the poor countries.
9.
10. Major Sources of
Economic Growth
across Countries
1. Property rights
- Legal ownership of resources and how can they be used
2. Regulatory institutions
- SEC, BSP, PDIC, DoF,PSE, BoTr
3. Institutions for macro-economic
- Corporations, banks
4. Stabilization
5. Institutions for social influence
-educational, political, religion, etc.
6. Institutions for conflict management
12. Political Issues that Surface in this
Dimension
1. The principle of state sovereignty
2. Increasing impact of various
intergovernmental organization
3. Future shapes of regional and
global governance
13. • Example:
- Global cities like New York, London, Tokyo, and Singapore are closely
connected with one another than they are to various cities in their own
countries.
- European Union, United nations, NATO, The World Trade Organization
14. 3. Cultural
Dimension
Increase in the amount of
cultural flows across the
globe. Cultural
interconnections are at the
foundations of
contemporary globalization.
15. Individualism and consumerism which
are the dominant cultural characteristics
of our age and the drive for economic
success stimulated by the internet and
other technological devices
In the dissemination of popular culture,
transactional media corporations play a
major role
16. • Media empires generated and
directed the extensive flow of
culture. Examples of these are Yahoo,
Google, Microsoft, and Disney.
• Advertisement plays an important
role in this cultural flow by featuring
various celebrities in the television
aside from transforming newscast
into entertainment show
17. • Cultural diversity often results hybridization
- a constructive interaction process
between global and local characteristics
which is often visible in food, music, dance,
film, fashion, and language
18. 4. Religious
Dimension
• Religion is a personal or
institutionalized set of attitudes,
beliefs, and practices relating to or
manifesting faithful devotion to an
acknowledged ultimate reality or
deity .
• It is the most important defining
element of any civilization as
contrasted with race, language, or
way of life.
19. Roman Catholic
Teaching of
Globalization
1. Commitment to
universal human rights
2. Commitment to the
social nature of the
human person
3. Commitment to the
common good
4. Solidarity (The
principle of Solidarity
affirms that
membership in the
human family means
that all bear
responsibility for one
another.)
There are eight (8) principles
that summarize the Roman
Catholic Teachings.
20. 5. Preferential option of the poor.
6. Subsidiary (The Catholic Church teaches that decisions should be made at the
lowest level in order to achieve the common good.
7. Justice
8. Integral Humanism- is concerned with the whole person
21. Justice is divided in three (3) categories:
1. Commutative justice
This aims at fulfilling the terms of contracts and other
promises on both personal and social level.
2. Distributive justice
This ensures a basic equity in how both the burden and
the goods of society are distributed and that ensures that
every person enjoys a basically equal moral and legal
standing apart from differences in wealth, privilege,
talent and achievements
3. Social justice
This refers to the creation of the conditions in which the
first two categories of justice can be realized and the
common good identified and defended.
22. 5. Ideological Dimensions
Ideology is a system of widely shared ideas, beliefs, norms
and values among a group of people.
It is often used to legitimize certain political interests or to
defend dominant power structures.
Ideology connects human actions with some generalized
claims
23. Major Ideological Claims of Advocates of
Globalism
1. Globalization is about the liberalization and global integration of
markets
2. Globalization is inevitable and irreversible
3. Nobody is in charge of globalization
4. Globalization benefits everyone
5. Globalization furthers the spread of democracy in the world
24. 6. Technological
dimension
• the increasing speed of
technological diffusion across the
global economy. It refers to the
spread of technologies around
the globe, and particularly from
developed to developing nations.
