LESSON 1-11 - The Contemporary World - GEED 003
LESSON 1-11 - The Contemporary World - GEED 003
LESSON 1:
Globalization Of Economic Relations
GLOBALIZATION
● According to Minnesota is the spread of products, investments, and technology across national borders and
countries.
● Comes from the word “globe” or “globalize” which means the emergence of countries and rations across the
world.
● With globalization, the barter or exchange of goods and products between countries are made possible, so the
world gets closer together. Like goods and products, some individual elements, like traditions, languages, cultural
beliefs, norms, or values, also influence each other.
ASPECTS OF GLOBALIZATION
1. INDUSTRIAL GLOBALIZATION - is a process linked by interconnected cross-border production and it enables
firmness to enter into new markets, to capitalize on technological organizational advantages and to reduce cost.
2. FINANCIAL GLOBALIZATION - refers to international lending institutions for capital outlay to developing
countries like IMF and the World Bank.
3. POLITICAL GLOBALIZATION - refers to the growth of the worldwide political system both in size and complexity
like civil society, international non-governmental organizations, social movements or the United Nations.
4. GLOBALISM - is the operation or planning of economic and foreign policy on a global basis. It is used by Joseph
Nye, “to describe attempts to understand the interconnectedness of the world” in terms of transportation and
communication.
5. INFORMATIONAL GLOBALIZATION - is a process of interaction and integration among people, companies and
governments of different nations; a process driven by international trade and aided by informational technology.
6. CULTURAL GLOBALIZATION - cultural globalization refers to the transmission of ideas, meanings and values
around the world in a way as to expand and intensify social relations.
1ST PHASE
● Globalization started as early as the 15th century.
● The first phase of globalization favoured more the exchange of knowledge rather than the exchange of goods.
● In the 15th to 18th century, some significant events happened in Europe:
○ Spanish and Portuguese discoveries of America
○ Introduction of the Gregorian calendar
○ Heliocentric view of the solar system
2ND PHASE
● The 18th and 19th century are generally linked with the events of:
○ democracy
○ industrialization
○ scientific progress
● In 1776, the American Declaration was made.
● In the 19th century, industrialization took place.
● Industrialization gave the world an opportunity to a prominent technological progress that allowed countries to
experience a faster exchange between goods, products and information.
● During the 2nd half of the century, four advancing technologies – trains, steamships, telegraphs and postal
systems planted the entirety of the Western world.
● In the 20th century, an opulent and affluent inhabitant of London had access to products of foreign origins before
the events of August 1914 disturbed the world of global connectivity.
● In the end of the Second World War in 1945, the third phase of globalization took place. The period from the late
1940s to the early 1970s is called the Golden Age of Capitalism.
● New international financial agreements and institutions, such as the International Monetary Fund and the World
Bank, provided a new kind of global financial stability.
● The Golden Age of Capitalism ended abruptly in the 1970s.
SCHOLARS
● Scholars around the world argued that globalization is a process or phenomenon with a very long history.
● According to Thomas L. Friedman, an American political commentator and author divided globalization into three
(3) periods:
○ Globalization of countries from 1643-1800
○ Globalization of companies from 1800-2000
○ Globalization of the individuals from 2000 to present
Pro-Globalization Anti-Globalization
Makes it easier to transport goods Harms our climate change with the
Transportation
and information. carbon dioxide transport release.
“No generation had the opportunity we now have to build a global economy that leaves no one behind. It is a
wonderful opportunity but also a profound responsibility.” - William Clinton
LESSON 2:
Market Globalism
MARKET GLOBALISM
● Market globalism is used to describe different ideologies of globalization interpretations.
● Market globalism reflects the concepts of globalization with neoliberal values and meanings.
● Neo-liberalism is a form of liberalism which supports free-market capitalism. Neo-liberalism completely eradicates
itself to selfish and individual interests.
● Malcolm Waters (2001) observes, today’s economic exchange suggests that both the cultural and political arenas
are becoming more activated and energetic. Researchers have paid insufficient attention to the global circulation
of ideas and their impact.
IDEOLOGY
● First coined by Antoine Destutt de Tracy in the late 18th century. It is a system of widely shared ideas and ideals,
patterned beliefs, guiding norms and values and ideals accepted as truths by parts of the society.
● Ideology is also considered to be the working of ideas that helps build a legitimate and dominant paradigm or
pattern.
● According to Freeden (1996), what makes an ideology “political” is that its claims select privilege and construct
social meanings related to the exercise of power in society.
● French philosopher, Paul Ricoeur (1986), identified the historical elements and functions of ideology. Drawing on
the insights of the Marxist tradition, he characterized the first functions of ideology in 3 categories.
“Imperial Globalism refers to the process of economic change based on a use of force threw economic sanctions or
military might and a justification of actions are said to be in a domestic intervention.”
American political scientist, Joseph Nye, co-founder of the International Relations Theory of Neo-Liberalism generalized
the term “market globalism” to argue that “globalism refers to any description or explanation of a word which is
characterized by networks of connections that span multi-continental distances”.
LESSON 3:
The Rise Of Global Corporations
Global Corporation
● is generally referred to as a multi-national corporation (MNC) or transnational corporation (TNC). A MNC or TNC
is a corporation that operates in two or more countries to leverage the global environment to approach varying
markets in the generation.
Fordism
● Is the eponymous manufacturing system design to spew out standardized, low-cost goods and afford its workers
decent enough wages to buy them.
MAJOR SUCCESSES STEMMED FROM THREE MAJOR PRINCIPLE
1. Standardization of Products
● Nothing is handmade but instead machine made.
2. The employment of assembly lines, which uses special purpose equipments to allow unskilled workers.
3. Workers are paid a higher living wage so that they can afford to purchase the products they make.
BRICS Economy
● Alliance
○ BRICS economy is an economic alliance and partnership between Brazil, Russia, India, China and South
Africa.
● BRICS
○ The name BRICS was coined by Jim O'Neill of Goldman Sachs in 2002. Jim believes that the alliance can
be strong enough that in 2030, China can be more advanced than USA.
● Business & Marketing
○ The alliance between the five nations to assist and support each other led them to become dominant
suppliers of raw materials.
● India Conquest
○ BRICS continue to emerge and develop with their partnership, some countries like India continue to suffer
the oppressive caste system which socially immobilizes them.
QR Management
● A concept created to increase consumer satisfaction and survive increasing competition from new competitors. It
intends to shorten the lead time from receiving an order to delivery of the products and increase cash flow.
ACCORDING TO MANDRED STEGER: “Globalization is one of the foremost debated concept in the late 20th
century. Scholars have speculated the diminishing role of states as a vehicle thriving which political communities
organize themselves in the era to come.”
Economic Interdependence
● According to Manfred Steger, “globalization is commonly equated with the rising momentum of global free
market capitalism in the final decades of the 20th century. Both champions and critics of the so-called
Washington Consensus and its neo-liberal emphasis on deregulation, privatization and free trade see
globalization as imposing a forced choice upon states; either conform to free-market principles or run the
risk of being left behind.”
United Nations
● The name "United Nations", was coined by the United States President Franklin D. Roosevelt in the Declaration
by United Nations of 1 January 1942, during Second World War.
● It is currently made up of 193 member states. The UN was formed to fight against injustices, inequalities or
disadvantages of any country. It aims to be united as one with the countries all over the world to fight and maintain
peace and prosperity.
STATES AS PROSPECTS
● Transnational activism is being held as a possibility for change.
● Transnational activism is already becoming a fast and trending phenomenon of the result of globalization.
ECONOMIC GLOBALIZATION
● "economic globalization is a historical process, the result of human innovation and technological process. It
refers to the increasing integration of economies around the world, particularly through the movement of
goods, services, and capital across borders."
Convergence
● Describes the phenomenon of the futures price and the cash price of the underlying commodity moving closer
together over time.
● The idea of convergence in economics is the hypothesis that poorer economies' per capita incomes will tend to
grow at faster rates than richer economies.
Divergence
● Is the opposite of convergence. When the value of an asset, indicator, or index moves, the related asset, indicator,
or index moves in the other direction.
Cobden-Chevalier Treaty
● The Cobden-Chevalier Treaty of 1860 lowered or eliminated duties levied on goods traded between Britain and
France, and signaled a victory for liberal Economic policies. Named for its two primary negotiators, British Richard
Cobden (1804-1865) and French Michel Chevalier (1806-1879).
● This treaty was a free trade agreement between the countries of Great Britain and France. With this treaty in tow,
duties levied on goods were lowered and eliminated between Britain and France.
Asia
● There is a great variation between the countries in Asia and South Asia. Some of the world's most economically
developed states are in the continent of Asia such as Japan, South Korea or Taiwan but is also home to highly
impoverished countries such as Cambodia, Laos and Nepal.
● Became the saviors of economies. From being the extortions, the raw materials, cheap labors; the region
transformed as the market of surplus goods.
● The Western improvement nations utilized globalization in Asia as a trade for their new form of colonialism.
● In essence, the regions of Asia and South Asia provided opportunities for the developed countries to further their
improvement inventory.
● Since these developed, nations learned the art of semi colonization, where they used globalization as a means
of pervasive penetration to the regional economies, politics, and culture.
● For example, Japan created Uniqlo and Anime, China created Kung Fu, and from Korea sprung the infamous
genre of music, K-pop.
DISADVANTAGES OF GLOBALIZATION
● ECONOMIC UNDERDEVELOPMENT
○ It makes it difficult for local businesses to flourish due to foreign companies taking over competition.
● GLOBALIZATION PRIMARILY DEVELOPED
○ Relatively closed between the state and business elites that favoured them to the small businesses.
● FINANCIAL GLOBALIZATION
○ Contributed to the rise of corruption wherein foreign borrowers divert terms to their interest rather than the
development of their countries.
“Asia has culturally distinct characteristics that make it different from Western liberal democracies.” - Prime
Mohammed Mahathir
LESSON 8:
Media and Cultural Globalization
MASS MEDIA
● Media is sometimes used for entertainment, as a springboard for our imaginations, a root of our creativities or the
outlet of escapism. But most importantly, media provides information.
● Globalization could not occur without media because globalization and media act in CONCERT and COHORT.
● With media, information from around the world travelled faster.
● The media theorist, Marshall McLuhan, coined the famous phrase "the medium is the message.". This is a very
important phrase for this means that every medium has a different way of delivering messages. Some medium,
like commercials in televisions, fails to emphasize the importance of a message by over sugar coating their
promotions. Sometimes, the inappropriate use of medium lessens the depth, content, and accuracy a message
conceives.
Oral Communication
● Is the process of verbally transmitting information and ideas from one individual to another. When speech evolved
into language, it became a medium that the early homo sapiens used to diverge and separate them from other
species.
Script
● The second period of media was the use of script. The cuneiform script was first created in Mesopotamia,
commonly known as Iraq in 3200 BC. This writing system was first used by Mesopotamia as a system of counting
and logging clay tokens.
1. Cuneiform - a system of writing first developed by the ancient Sumerians
2. Petroglyph - an image that is carved into a rock
3. Hieroglyph - a character used in a system of pictorial writing
4. Papyrus - a plant of abundance, used in the early times as a paper
Printing Press
● It is believed that it started the information revolution as it was a vital phase for the transformed markets. Before
the printing press, scrolls were painstakingly handwritten and the accuracy was doubtful.
● Johannes Gutenberg was a German goldsmith, inventor, printer, and publisher who introduced printing to
Europe with the printing press.
Electronic Media
● Scholars called this media electronic for it requires electromagnetic energy and electricity to be used. For
example, the telegraph, radio, and television.
● Samuel F. B. Morse
○ Worked on a machine that could send messages as dots and dashes over electrical lines.
● Guglielmo Marconi
○ Was an Italian inventor and electrical engineer, known for his piooneering work on long distance radio
transmission, development of Marconi's law, and a radio telegraph system.
Digital Media
● Are the most often electronic media that relies on digital codes likes 0s and 1s in representing information. The
digital media is the last period of media. Its contents were digitized making it more reliable to its audiences.
● Example,
○ any content from TV networks or magazines can fall in this category.
GLOBAL IMAGINARY
● Manfred Steger stated that media helped bring about a fundamentally rising global imaginary. Benedic Anderson
claims that imagination buillt up the idea of a nation and later, the global imaginary.
Global Village
● Describes the phenomenon of the entire world becoming more interconnected as the result of media
technologies. Canadian theorist, McLuhan, proposed a theory "McLuhan Theory" which describes how the world
is shrinking but expanding at the same time because of the use of technological advances.
● Likewise, Sicila said that "but not only is the world getting smaller, its becoming more available and familiar
to our minds and emotions. The world is now a global village.".
● Examples of Global Village
○ In 2016, the Summer Games was held in Rio de Janeiro which drew records by garnering an audience of
3.6 billion people.
○ Despacito by Luis Fonsi featuring Daddy Yankee and Justin Bieber has 7 billion in YouTube.
○ When Apollo launched into the Earth's orbit carrying Neil Armstrong. At 10 56 pm, over half a billion
people were watching Neil step foot on the moon.
○ But, as Marshall McLuhan and Lewis Mumford feared, media created a dark and dystopian world. It is
divided into three key areas; economic, political, and cultural.
DARK CONTOURS
● Lewis Mumford believed with the highest hopes of kinship, cooperation and fraternity of the global village while,
● Marshall McLuhan saw the world of media as a means used to exploit the world in a pursuit of property, profit,
and power. The media sewn seeds of bitter and deadly discord between nations and the like as it also built a
village of economic injustice, political repression, and cultural conflict.
LESSON 9:
Religion and Globalization
SECULARISM
● is the separation of religion and state, ensuring religious groups do not interfere in state affairs and the state does
not interfere in religious affairs.
● Religious institutions are free to practice their acts and beliefs without government interference, provided they
don't infringe on the freedom of others.
IN THE UNITED KINGDOM, THERE ARE OFFICIALLY TWO STATE-RECOGNIZED CHRISTIAN DENOMINATIONS:
● The Church of England, where the Queen is both the head of state and the Supreme Governor.
● Presbyterian Church of Scotland, which has no established Church.
● Deterritorialization – is the process in which to undo what has already been done. To take control away from
places that have been established. This is where "articulations are disarticulated," as presented by Slack and
Wise.
● Reterritorialization – is the process of re-doing what has been undone to what has already been done. Except
this time, the act of re-doing is to incorporate new power.
Globalization of Religion:
● The fundamental research question pertains to the spread of religions and specific genres or forms or blueprints
of religious expressions across the globe.
● International Migration – Theorizes the relationship between people and religion. The results of migrations came
into two distinct blends: religious universalism and local particularism.
Religious Universalism
● is a theological doctrine that all human beings will eventually be saved. Religion becomes the central reference for
immigrant communities.
Religious Transnationalism
● is often depicted as a religion 'going global'. An example is the prediction that Islam would eventually overtake
Christianity as the world's most popular faith.
Local Ethnic
● is the principle of leaving each state in an empire or federation free to govern itself and promote its own interests,
without reference to those of the whole.
Transnational Communities
● Constructed and religious hierarchies perform dual religious and secular functions that ensure the groups'
survival. For example, the 'protestantization' of various faiths among groups living mostly in Europe or United
States.
Cosmopolitanism
● Cosmopolitanism imagines a global order in which the idea of human rights is an operative principle of justice,
with mechanisms of global governance established specifically for their protection. It incorporates wider issues
concerning peace among states, social solidarity across borders, the efficiency of international law, and the
activism of global civil society.
History
1. New wave of feminism in the 1970s
2. Women’s groups that existed before the second world war
3. Late 19th century
4. Inter-war years
Feminist Groups
1. Well-established women’s transnational bodies.
2. New feminist networks.
3. International council of women and international alliance of women.
4. International federation of business and professional women and international confederation of midwives.
5. Women's international network.
Migration
● means crossing the boundary of a political or administration for a certain amount of time (Boyce, 1998).
○ International Migration – is moving to a different state, country, or continent.
○ External Migration – refers to the movement from one country to another.
○ Emigration – is moving within a state, country, or continent.
Causes of Migration:
● According to neo-classical economic theory, “the main cause of migration is the desperation to maximize their
income by moving from low wage to high wage economies.”
● According to Stark (1991), “migration searches for secure employment, availability of capital, and the need to
escape from lower pensions.”
● According to Hugo (1994), “migration decisions are made not just by individuals but also often represent family
strategies to maximize chances.”
Migration
● means crossing the boundary of a political or administration for a certain am
LESSON 11:
International Migration in the 21st Century
Migration
● means crossing the boundary of a political or administration for a certain am
LESSON 11:
International Migration in the 21st Century
Migration
● means crossing the boundary of a political or administration for a certain am
EXAMSS & QUIZZES
Multiple Choice
Choose the correct answer.
Correct1/1 Points
1. Globalization is:
A. The isolation of communities
B. When one culture takes over the goods and resources of another
C. Is the spread of culture across national borders
D. A concept made for a set of institutions that help alleviate world problems
Correct1/1 Points
2. Market globalism is:
A. Anti-globalization
B. Believes using new locales to legitimate power is not important to establish political entities
C. Reflects the concept of globalization but not neoliberalism
D. Promotes democracy
Correct1/1 Points
3. Ariana Grande’s new album drew 27 million impressions in its first week. Under which type of globalization is
this feat?
A. Industrial globalization
B. Cultural globalization
C. Financial globalization
D. Informational globalization
Correct2/2 Points
4. Which of the following is NOT an example of neoliberalism?
A. Jeep modernization
B. K-12 education
C. Covid-19 response in vaccines
D. None of the above
Correct1/1 Points
5. Ideology is:
A. The same as globalization
B. Is the spread of ideas across national borders
C. Accepting an idea as truth by society
D. All of the above
Correct1/1 Points
6. Which of the following statements is not true about Technology?
A. It is beneficial to everyone
B. It connects different people from different parts of the world
C. It does not leave anyone behind
D. The digital world is the most recent trend of globalization
Correct2/2 Points
7. Which of the following statements about how global corporations function is true?
A. International corporations invest in products and services in foreign countries because it is cheaper and
more accessible.
B. Coca-Cola holds a 29-story headquarter in Atlanta, Georgia in the United States. This is an example of
an international company.
C. Multinational companies invest in foreign assets.
D. Transnational companies invest directly in dozens of countries and experience no pressure at all both
for cost reduction and local responsiveness.
Correct1/1 Points
8. When an investor establishes foreign business operations or controls interest in a foreign company, this is
known as:
A. Investment based globalization
B. Trade based globalization
C. Foreign direct investment
D. Corporate social responsibility
Correct1/1 Points
9. When a company becomes socially accountable of their trade and business.
A. Investment based globalization
B. Trade based globalization
C. Foreign direct investment
D. Corporate social responsibility
Correct1/1 Points
10. Economic interdependence:
A. Countries are economically dependent upon another
B. Countries are not economically dependent upon another
C. All of the above
D. None of the above
Identification
Provide the correct answer.
Correct1/1 Points
11. It is a type of economic globalization and measure of economic integration.
Trade Based Globalization
Correct1/1 Points
12. The process of merging between two or more corporations to avoid competition.
Multi-National Corporation
Correct1/1 Points
13. This is where a specific product is manufactured, formed, and controlled.
Producer Driven Commodity Chains
Correct1/1 Points
14. What does the acronym GOCC mean?
Government Owned and Controlled Corporation
Correct1/1 Points
15. It is a regulating body that liberates international trade.
World Trade Organization
Correct1/1 Points
16. The year when the Golden Age of Capitalism owned abruptly.
1970s
Correct1/1 Points
17. Who said that today's economic system suggests that both the cultural and political arenas are becoming
more activated and energized?
Malcolm Waters
Correct1/1 Points
18. What claim is considered as an anchor in the neo-liberal ideal of the self regulating market as a normative
basis for a future global order?
Globalization is about the liberalization and global integration of markets.
Correct1/1 Points
19. The production of contorted images of social reality.
The Reality Distortion
Correct1/1 Points
20. This gave the world an opportunity to a prominent technological progress that allowed countries to
experience a faster exchange between goods, products and information.
Industrialization
TRUE OR FALSE
Choose the correct answer.
Correct1/1 Points
21. Globalization means the emergence of countries and societies across the world.
True
False
Correct1/1 Points
22. Financial globalization refers to giving money to help poor countries or third-world countries.
True
False
Correct1/1 Points
23. The aftermath of political globalization led to the emergence of the civil society.
True
False
Correct1/1 Points
24. Globalization restricts free markets, norms, and neo-liberal meanings.
True
False
Correct1/1 Points
25. Globalization is a concept or phenomenon with a very long history.
True
False
Enumeration
Enumerate the following.
Correct2/2 Points
26. Give at least two events that are generally linked to the 18th and 19th century?
1. Democracy
2. Industrialization
3. Scientific progress
Correct2/2 Points
27. Give two significant events mentioned in the brief history of globalization.
1. Spanish and Portuguese Discoveries of America
2. Introduction of the Gregorian calendar
3. Heliocentric view of the solar system
Essay
Be brief and concise. Or in GenZ terms: Ain't reading allat.
Correct5/5 Points
28. State the five different perspectives of globalization with their pros and cons by how you understand it.
STRICTLY one sentence maximum per perspective only.
Correct5/5 Points
29. According to the Claims we have discussed, do you believe that "Nobody is in charge of globalization?". (3
sentences maximum)
Correct1/1 Points
30. Bonus
:)
Quiz 2 (Lessons 5-8) (UNCHECKED)
TRUE OR FALSE
Choose the correct answer.
1. History suggests that Europeans were the first to bring spice to trade. (1 Point)
True
False
2. Asia ruled the global economy and world of trade becuase of its location. (1 Point)
True
False
3. The term "Global South" is geographically based. It is associated with countries in Asia such as
the Philippines and Laos. (2 Points)
True
False
4. Western culture can easily dominate over other cultures through media. (1 Point)
True
False
5. Digital media is a revolutionary concept that caters to the modern way of consuming media content. It
allowed expansion and removed barriers to sharing and exchanging information from accross the world. (2
Points)
True
False
6. The state finds themselves in a subordinate position in the current world order. (1 Point)
True
False
7. The infamous phrase "no man is an island" can only be applied to people. (1 Point)
True
False
8. The US strongly objected the ASEAN and Japan saw the exclusion of the United States as threat to their
partnership so they immediately vetoed the idea. (1 Point)
True
False
10. Globalization can reduce poverty but does not work for the benefit of all nations. (1 Point)
True
False
Multiple Choice
Choose the correct answer.
13. Which of the following is NOT true about the Gold Standard? (2 Points)
A. It prevailed until 1914
B. Silver is the principal world monetary metal
C. Gold was sold in limited quantities because of its high value
D. The gold standard started in 1821
Identification
Provide the correct answer.
16. What name did President Franklin Roosevelt coined during the Second World War? (1 Point)
United Nations
17. It is the system by which countries and nations across the globe use to depend upon each other's
strengths. (1 Point)
Economic Interdependence
18. They suggested that globalization processes has been ongoing since the age of Homo Sapiens. (1 Point)
Gills and Thompson
19. Who was the president who announced that the US would end on demand of the dollar into gold for the
central banks of other nations? (1 Point)
President Richard Nixon
20. The dominant theory revolved by the Americans in the 1950s. (1 Point)
Modernization Theory
21. What type of coded messages can the machine Samuel F. B. Morse made send? (1 Point)
Morse code
[Link] place is thought to be the birthplace of the wheel, irrigation, and writing? (1 Point)
Sumer
Essay
Minimum of 2 sentences, maximum of 5. Keep it brief and concise.
26. If you are the president of the Philippines, would you support or not support globalization? Why? (3 Points)
27. Which media celebrity or influencer is the most influential to you right now? Why? (2 Points)
28. Do you think media are the primary carriers of culture? Why or why not? (3 Points)