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Being Part of a Globalized World
Theme 3: Globalization
BRIAN TAN (COPYRIGHTED)
2
CHAPTER
ANALYSIS
MASTERY
EXAM
WEIGHTAGE
BRIAN TAN (COPYRIGHTED)
THE CONDITION OF GLOBALIZATION
DRIVERS OF GLOBALIZATION
MANAGING THE CONSEQUENCES OF GLOBALIZATION
BRIAN TAN (COPYRIGHTED)
BRIAN TAN (COPYRIGHTED)
Key Questions
1. What is the condition of globalization?
2. What are the drivers of globalization?
3. What are the economic, socio-cultural and security
impacts of living in a globalized world?
4. How does Singapore manage the consequences of living in
a globalized world?
The condition of Globalization
In the broadest sense, globalization is a term that describes the
phenomenon of the increasingly interconnected nature of the
world.
In essence, the world becomes a ”global village”.
It is also the increasing interconnectedness of nations
economically, socially and culturally.
BRIAN TAN (COPYRIGHTED)
The condition of Globalization
Economic globalization
- Increasing trade flows between nations
- Increasing movement of capital flows between nations
- Increasing connectedness of economies and labor globally
Socio-cultural globalization
- The passing influence of regional trends into global trends
- Increasing homogenization of cultures
Security impacts
- Increasing interconnectedness of regional threats, turning
into global threats to security
BRIAN TAN (COPYRIGHTED)
Drivers of Globalization
Technological developments in transportation
Compared to the past, people today can travel and transport
goods much more quickly. The developments in
transportation technology has figuratively reduced the
distance between countries. This makes trade cheaper and
more feasible, causing trade between countries to occur
more frequently and rapidly. It also makes people more
willing to travel to foreign destination, be it for work or for
leisure.
Technological developments in communications
The advent of the smartphone, the internet and social media
has allowed people to communicate more effectively and
efficiently than ever before. Meetings can now be convened
with the virtual presence of everyone in the comfort of their
own homes. Social media has allowed teens and youths
globally to tap onto the same trends (think of TikTok), which
in turn facilitates thee transfer of culture across borders.
BRIAN TAN (COPYRIGHTED)
Drivers of Globalization
Rise of Multinational Corporations
In their business activities, MNCs effectively drive
globalization. MNCs are big companies that have their
headquarters in one country but operate in a large number
of countries.
One example of this is Samsung, which is headquartered in
Korea but has production facilities in China, the US and
Taiwan and exports its products all over the world.
In the conduct of their business activities, MNCs effectively
drive global trade and immigration.
BRIAN TAN (COPYRIGHTED)
Consequences of Globalization
Economic
Positive
- Improved standard of living due to increased trade. With more
trade, people can access a wider variety of goods and services,
which would not have been accessible without trade.
- Benefits rich and poor countries economically. Rich countries
gain access to cheaper goods by outsourcing production to
poorer countries where cost of production is cheaper, while
poor countries allow them to gain access to valuable foreign
direct investments which can stimulate their economies.
Negative
- Increased economic vulnerability and instability due to
exposure to global economic shocks.
- Brain drain occurring in less developed economies, as talents
flock to more developed countries for better opportunities.
- Economic displacement of low-skilled workers in developed
countries.
BRIAN TAN (COPYRIGHTED)
Consequences of Globalization
Social
Positive
- Capitalizing on social media to kickstart progressive
movements. This is a result of the internet allowing people to
spread their ideas more rapidly
- Greater degree of cultural exchange, as people travel more
around the world for work and for leisure.
Negative
- The rise of cultural homogeneity. People around the world
trend towards what is popular, which is informed by social
media, resulting in the loss of cultural distinctiveness in many
societies
- Rising xenophobic sentiments as a result of conflicts. As people
of different cultures interact more, there is bound to be more
conflict as well due to misunderstandings.
BRIAN TAN (COPYRIGHTED)
Consequences of Globalization
Security
Positive
- Greater collective security from foreign aggressors due to
economic interdependence. As economies become more
interdependent on one another, countries realize the need to
secure the stability of their major trading partners. They thus
become more vested in the stability of their allies and trading
partners.
Negative
- Increased vulnerability to global terror threats. The use of
social media enables the instant proliferation of ideas around
the world which also entails the quicker spread of radical
ideologies such as terrorism. This results in the rise of
decentralized terrorist cells which is harder to combat than
traditional movements centered in a geographical location.
BRIAN TAN (COPYRIGHTED)
How does Singapore manage globalization?
Economic
- To combat the economic displacement of low-skilled workers,
Singapore heavily invests in upgrading courses for its citizens.
This provides Singaporeans the opportunity to find higher-
skilled work which is less vulnerable to displacement.
- To mitigate economic vulnerability from trade, Singapore
sources its imports from numerous sources. This reduces the
extent to which we are affected from singular external supply
shocks.
BRIAN TAN (COPYRIGHTED)
How does Singapore manage globalization?
Socio-cultural
To mitigate the rise of xenophobic sentiments, Singapore
encourages the policy of integration for new immigrants.
Integration allows for people of different cultures to share
common ground with one another.
Singapore also heavily emphasizes the importance of racial-
harmony through its education system, preaching on the
importance of accepting others for their differences and
being understanding of different cultures.
To combat the erosion of our cultural distinctiveness,
Singapore promotes local culture and heritage. For example,
Singapore mandates the study of a 2nd language, the Mother
Tongue in all primary and secondary schools
BRIAN TAN (COPYRIGHTED)
How does Singapore manage globalization?
Security threats
To mitigate our vulnerability to cyber-attacks, Singapore
has launched the Smart Nation initiative, shoring up our
cyber defences. One example of this would be the newly
created Cyber Defence Unit in our military, which includes
a special scholarship to recruit the most talented
Computer Science minds in Singapore.
To mitigate the threat of terrorist attacks, Singapore
closely cooperates with religious leaders and utilizes a
preventive approach towards lone wolf terrorists. Through
cooperation, Singapore works with religious leaders to
identify potential radical branches of their religion to nip
radicals in the buds before they can act on their beliefs.
BRIAN TAN (COPYRIGHTED)
15
For more notes & learning materials, visit:
www.overmugged.com
‘O’ levels crash course program
IG handle:
@overmugged
Join our telegram
channel:
@overmugged
Need help?
BRIAN TAN
(Private tutor with 3
years of experience)
PHONE NO.
(87192596)
@TELEGRAMUSER
(@brianplz)
Professionally designed crash course to help you get a condensed revision before your ‘O’ Levels!
The 4 hour session focuses on going through key concepts and identifying commonly tested
questions!
Our specialist tutors will also impart valuable exam pointers and tips to help you maximise your
preparation and ace your upcoming national exam!
The crash courses will begin in June 2021 and last till Oct 2021.
Pre-register now on our website and secure your slots!
BRIAN TAN (COPYRIGHTED)

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Globalisation.pdf

  • 1. Being Part of a Globalized World Theme 3: Globalization BRIAN TAN (COPYRIGHTED)
  • 3. THE CONDITION OF GLOBALIZATION DRIVERS OF GLOBALIZATION MANAGING THE CONSEQUENCES OF GLOBALIZATION BRIAN TAN (COPYRIGHTED)
  • 4. BRIAN TAN (COPYRIGHTED) Key Questions 1. What is the condition of globalization? 2. What are the drivers of globalization? 3. What are the economic, socio-cultural and security impacts of living in a globalized world? 4. How does Singapore manage the consequences of living in a globalized world?
  • 5. The condition of Globalization In the broadest sense, globalization is a term that describes the phenomenon of the increasingly interconnected nature of the world. In essence, the world becomes a ”global village”. It is also the increasing interconnectedness of nations economically, socially and culturally. BRIAN TAN (COPYRIGHTED)
  • 6. The condition of Globalization Economic globalization - Increasing trade flows between nations - Increasing movement of capital flows between nations - Increasing connectedness of economies and labor globally Socio-cultural globalization - The passing influence of regional trends into global trends - Increasing homogenization of cultures Security impacts - Increasing interconnectedness of regional threats, turning into global threats to security BRIAN TAN (COPYRIGHTED)
  • 7. Drivers of Globalization Technological developments in transportation Compared to the past, people today can travel and transport goods much more quickly. The developments in transportation technology has figuratively reduced the distance between countries. This makes trade cheaper and more feasible, causing trade between countries to occur more frequently and rapidly. It also makes people more willing to travel to foreign destination, be it for work or for leisure. Technological developments in communications The advent of the smartphone, the internet and social media has allowed people to communicate more effectively and efficiently than ever before. Meetings can now be convened with the virtual presence of everyone in the comfort of their own homes. Social media has allowed teens and youths globally to tap onto the same trends (think of TikTok), which in turn facilitates thee transfer of culture across borders. BRIAN TAN (COPYRIGHTED)
  • 8. Drivers of Globalization Rise of Multinational Corporations In their business activities, MNCs effectively drive globalization. MNCs are big companies that have their headquarters in one country but operate in a large number of countries. One example of this is Samsung, which is headquartered in Korea but has production facilities in China, the US and Taiwan and exports its products all over the world. In the conduct of their business activities, MNCs effectively drive global trade and immigration. BRIAN TAN (COPYRIGHTED)
  • 9. Consequences of Globalization Economic Positive - Improved standard of living due to increased trade. With more trade, people can access a wider variety of goods and services, which would not have been accessible without trade. - Benefits rich and poor countries economically. Rich countries gain access to cheaper goods by outsourcing production to poorer countries where cost of production is cheaper, while poor countries allow them to gain access to valuable foreign direct investments which can stimulate their economies. Negative - Increased economic vulnerability and instability due to exposure to global economic shocks. - Brain drain occurring in less developed economies, as talents flock to more developed countries for better opportunities. - Economic displacement of low-skilled workers in developed countries. BRIAN TAN (COPYRIGHTED)
  • 10. Consequences of Globalization Social Positive - Capitalizing on social media to kickstart progressive movements. This is a result of the internet allowing people to spread their ideas more rapidly - Greater degree of cultural exchange, as people travel more around the world for work and for leisure. Negative - The rise of cultural homogeneity. People around the world trend towards what is popular, which is informed by social media, resulting in the loss of cultural distinctiveness in many societies - Rising xenophobic sentiments as a result of conflicts. As people of different cultures interact more, there is bound to be more conflict as well due to misunderstandings. BRIAN TAN (COPYRIGHTED)
  • 11. Consequences of Globalization Security Positive - Greater collective security from foreign aggressors due to economic interdependence. As economies become more interdependent on one another, countries realize the need to secure the stability of their major trading partners. They thus become more vested in the stability of their allies and trading partners. Negative - Increased vulnerability to global terror threats. The use of social media enables the instant proliferation of ideas around the world which also entails the quicker spread of radical ideologies such as terrorism. This results in the rise of decentralized terrorist cells which is harder to combat than traditional movements centered in a geographical location. BRIAN TAN (COPYRIGHTED)
  • 12. How does Singapore manage globalization? Economic - To combat the economic displacement of low-skilled workers, Singapore heavily invests in upgrading courses for its citizens. This provides Singaporeans the opportunity to find higher- skilled work which is less vulnerable to displacement. - To mitigate economic vulnerability from trade, Singapore sources its imports from numerous sources. This reduces the extent to which we are affected from singular external supply shocks. BRIAN TAN (COPYRIGHTED)
  • 13. How does Singapore manage globalization? Socio-cultural To mitigate the rise of xenophobic sentiments, Singapore encourages the policy of integration for new immigrants. Integration allows for people of different cultures to share common ground with one another. Singapore also heavily emphasizes the importance of racial- harmony through its education system, preaching on the importance of accepting others for their differences and being understanding of different cultures. To combat the erosion of our cultural distinctiveness, Singapore promotes local culture and heritage. For example, Singapore mandates the study of a 2nd language, the Mother Tongue in all primary and secondary schools BRIAN TAN (COPYRIGHTED)
  • 14. How does Singapore manage globalization? Security threats To mitigate our vulnerability to cyber-attacks, Singapore has launched the Smart Nation initiative, shoring up our cyber defences. One example of this would be the newly created Cyber Defence Unit in our military, which includes a special scholarship to recruit the most talented Computer Science minds in Singapore. To mitigate the threat of terrorist attacks, Singapore closely cooperates with religious leaders and utilizes a preventive approach towards lone wolf terrorists. Through cooperation, Singapore works with religious leaders to identify potential radical branches of their religion to nip radicals in the buds before they can act on their beliefs. BRIAN TAN (COPYRIGHTED)
  • 15. 15 For more notes & learning materials, visit: www.overmugged.com ‘O’ levels crash course program IG handle: @overmugged Join our telegram channel: @overmugged Need help? BRIAN TAN (Private tutor with 3 years of experience) PHONE NO. (87192596) @TELEGRAMUSER (@brianplz) Professionally designed crash course to help you get a condensed revision before your ‘O’ Levels! The 4 hour session focuses on going through key concepts and identifying commonly tested questions! Our specialist tutors will also impart valuable exam pointers and tips to help you maximise your preparation and ace your upcoming national exam! The crash courses will begin in June 2021 and last till Oct 2021. Pre-register now on our website and secure your slots! BRIAN TAN (COPYRIGHTED)