contemporary globalization ppt
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CONTEMPORARY GLOBALIZATIONGROUP 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
>
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