Definition of Globalization.

1. GLOBALIZATION
Prepared by: Elsie Joy Licarte-Misoles, LPT
Lesson 1

2. Learning Objectives
At the end of the lesson, the learners are expected to:
a. define globalization;
b. identify the different areas related to
globalization;
c. discuss the nature of globalization; and
d. narrate personal experience relating to
globalization.

3. WHAT IS
GLOBALIZATION?

4. Globalization is the word used to describe the growing
interdependence of the world’s economies, cultures, and
populations, brought about by cross-border trade in goods and
services, technology, and flows of investment, people, and
information. Countries have built economic partnerships to
facilitate these movements over many centuries.

5. Key point
1. Is the increasing interaction of people, states, or
countries through the growth of the international
flow of money, ideas, and culture.

6. Key point
2. It is the interconnectedness of people and business
across the world that eventually lead to global,
cultural, political, and economic growth.

7. Key point
3. It is the ability to move and communicate easily
with others all over the world in order to conduct
business internationally.

8. Key point
4. It is the liberation of countries of their impact
protocols and welcome foreign investment into
sectors that are the mainstays of its economy.

9. Key point
5. It refers to countries acting like magnets attracting
global capital by opening up their economies to
multinational corporations.

10. DO YOU WANT TO KNOW WHY
THERE IS GLOBALIZATION?

11. HERE ARE REASONS TO GLOBALIZE
ESPECIALLY
IN THIS CONTEMPORARY WORLD:

12. 1. Rapid shrinking of time and distance across the
globe. One can easily cross the bridge going to the
other side of the market place due to advance tools
of technology than before.

13. 2. Domestic markets are no longer rich as a
consequence of many interlocking factors.

14. 3. Companies and institutions go global to find
political and economic stability which is relatively
good in other countries than the country of origin.

15. 4. To get technological and managerial know-how
of other countries due to their advancement in
science, technology, education, health, and other
fields of discipline.

16. 5. To reduce high transportation costs if one goes
globally using the advance tools of
communication and information.

17. 6. To be close to raw materials and to markets for
their finished products which are not available in the
country of origin.

18. 7. The creation of the World Trade Organization
(WTO) had made it possible in stimulating
increased cross border trade.

19. 8. There are other world bodies like the UN and
several arbitration bodies where countries agree.

20. There are three approaches to
globalization, these are the
globalist,
traditionalist, and transformationalist.

22. GLOBALIST
Globalist believes that globalization represents a real
and significant historical process without a precedent,
which generates new forms of global economy,
global politics and global culture.

23. TRANSFORMATIONALISTS
Transformationalists argue that the flow of culture is
not one way, from the west to the developing world; it
is a two-way exchange in which Western culture is
also influenced, changed and enriched by cultures in
the developing world.

24. TRADITIONALISTS
Traditionalists believe that globalization is exaggerated.
Trade is not truly global, it is regional.

25. THANK YOU FOR LISTENING! 