TCW Introduction to Globalization

phenomenon involves the increasing linkage of national economies

Economic Process

Subset of issues pertaining to the principle of state sovereignty, the growing impact of intergovernmental organizations, and the prospects for global governance.

Political Process

Globalization as Economic Process

Globalization as Political Process

Globalization as a Cultural Process

Dimensions of Globalization,

Growing network of complex cultural interconnections and interdependencies that characterize modern social life

Cultural Process

fast speed of trade

• global economic organizations

• multinational and transnational corporations

• trade blocs

• free trade

• privatization

• less tariffs

Economic view Globalizations means

• Globalization is a challenge to the nationstate

• Strength of regional blocs

• Emergence of global political norms

• Multilateral and bilateral relations among nation-states

• Emergence of corporations

• International laws

• World governance

Political Science view

• Establishment "global village"

• "Shrinking world"

• Cultural imperialism

• Borderless world

• Adoption of other cultures

Cultural View Globalization means

A. Various forms of connectivity

B. Expansion & stretching of social relations

C. Intensification & acceleration of social exchanges and activities

D. Occurs objectively

Attributes of Globalization

• They are diverse (economic, political, cultural, etc)

• They are enabled by various factors, pressures, media, etc.

• They are uneven (different degrees of interconnections)

Various forms of connectivity

• Regional and international NGOs

• Sister-cities mechanism

• Government associations

• MNCs and TNCs

Expansion & stretching of social relations

• Door-to-door mail delivery to FB messages, IG, Snap Chat, Twitter

• Live TV telecast

• Travel capacities brought about by low airfares

Intensification & acceleration of social exchanges and activities

• Think about the world

• Associate ourselves with global trends

• Sense of responsibility

Occurs objectively

Globalization is about the liberalization and global integration of Markets

Six core claims of Globalization

Globalization is inevitable and irreversible

Six core claims of Globalization

Nobody is in charge of globalization

Six core claims of Globalization

Globalization benefits everyone (in the long run)

Six core claims of Globalization

Globalization furthers the spread of democracy in the world

Six core claims of Globalization

Globalization requires a global war on terror

Six core claims of Globalization

1. Rejectionist

2. Sceptics

3. Modifiers

Three categories for the arguments of Globaloney

• Disputes the usefulness of globalization as sufficiently precise analytical concept.

• Globalization a vacuous term, suggesting that it has been used in academic discourse to refer to anything

Rejectionist

Suggestions for improvement; 1. Provide additional examples of how the term globalization obscures more than enlightens. 2. Complement the social scientific enterprise of exploring globalization as an objective process

Rejectionist (cont.)

• Emphasizes limited nature of current globalizing processes.

• The world economy is not global but one centered on Europe, eastern Asia, and North America.

• Majority of economic activity around the world still remains primarily on financial flows

Sceptics

• Warns against drawing global conclusions from the argument against the existence of economic globalization

• Assumes that globalization is primarily an economic phenomenon.

• All other dimensions of globalization as reflections of deeper economic processes.

Sceptics (cont.)

• Disputes the novelty of the process and proofs

• Acknowledges the existence of moderate globalizing tendencies.

• Implying that globalization has often been applied in a historically imprecise manner.

Modifiers

• Argue that the modern capitalist economy in which we live today has been global since its inception five centuries ago.

• Globalizing tendencies have been proceeding along the continuum of modernization of a long time.

Modifiers (cont.)

Triumph of a capitalist world economy tied by a global division of labor David Harvey The co

Definitions of Globalizations Immanuel Wallerstein

The compression of time and space

David Harvey

Processes by which the peoples of the world are incorporated into a single world society

Martin Albrow

Intensification of worldwide social relations that link distant localities.

Anthony Giddens

Global cultural process and a product of the infinitely varied mutual contest of sameness and difference

Arjun Appadurai

Form of internalization that implies integration between internationally dispersed economic activities.

Peter Dicken

Interlinking financial structures through an increasing number of cross-border transactions to create an international division of labor

Paul Bairoch and Richard Kozul-Wright

Internationalizing of production, division of labor, new migratory movements and the competitive environment that accelerates these processes.

Robert Cox

as a dimension that derives partly from its historical development. Evolution of international markets and corporations led to an intensified form of global interdependence.

Definition of the Economic Globalization

A rubric for a varied phenomena

James H. Mittleman

Accelerated growth, of economic activity across national and regional political boundaries.

Charles Oman