GLOBALIZATION
Prof. Jojo Abad, MPA
Globalization
People Governments
Goods or Products
Reasons of Globalization
Technology Transportation Banks Cooperation
Types of Globalization
• Financial Globalization • Cultural Globalization
• Economic Globalization • Sociological Globalization
• Technological • Ecological Globalization
Globalization • Geographic Globalization
• Political Globalization
Financial Globalization
• Financial globalization,
defined as global linkages
through cross-border
financial flows, has become
increasingly relevant for
emerging markets as they
integrate financially with
the rest of the world.
Economic Globalization
• Economic globalization refers to the increasing
interdependence of world economies.
• Economic globalization involves a wide variety of processes,
opportunities, and problems related to the spread of
economic activities among countries around the world.
• Economic globalization has involved an increase in the
international movements of labor as people migrate for
employment.
Technological Globalization
• Technological globalization is speeded in large part by
technological diffusion, the spread of technology
across borders. According to World Bank
technological progress and economic growth rates
were linked, and that the rise in technological
progress has helped improve the situations of many
living in absolute poverty.
Political Globalization
• Political globalization refers to the growth of the
worldwide political system, both in size and
complexity.
• Political globalization is one of the three main
dimensions of globalization with the two other being
economic globalization and cultural globalization.
• Political globalization refers to the organization of
different countries into trade blocs.
Examples of trade blocs are the European Union, the WTO and G8.
Cultural Globalization
• Cultural globalization refers to the rapid movement of ideas,
attitudes, meanings, values and cultural products across
national borders. It refers specifically to idea that there is now a
global and common mono-culture – transmitted and reinforced
by the internet, popular entertainment transnational marketing
of particular brands and international tourism – that transcends
local cultural traditions and lifestyles, and that shapes the
perceptions, aspirations, tastes and everyday activities of people
wherever they may live in the world.
Sociological Globalization
• Globalization, is an ongoing process that involves
interconnected changes in the economic, cultural,
social, and political spheres of society. As a process, it
involves the ever-increasing integration of these
aspects between nations, regions, communities, and
even seemingly isolated places.
Ecological Globalization
• Ecological globalization refers to global environmental
issues including:
– Population growth.
– Access to food.
– Worldwide reduction in biodiversity.
– Gap between rich and poor.
– Human induced climate change.
– Global environment degradation.
Geographic Globalization
• It refers to intensified geographical movements
across national borders of commodities, people
seeking employment, money and capital investment,
knowledge, cultural values, and environmental
pollutants.
Benefits of Globalization
• Globalization has benefits that cover many different
areas. It reciprocally developed economies all over
the world and increased cultural exchanges. It also
allowed financial exchanges between companies,
changing the paradigm of work. Many people are
nowadays citizens of the world. The origin of goods
became secondary and geographic distance is no
longer a barrier for many services to happen.
Globalization Benefits
Financial Benefits
• simplify finance regulations
• eliminate mediators
• break down the barriers
between the world’s financial
centers
• exchange capital between the
world’s financial players
Globalization Benefits
Cultural Benefits
• Commodities
• Migration, expatriation
or traveling
• Local traditions and
lifestyles
Environmental Effects
• Deforestation
• Destruction of ecosystems
• Loss of biodiversity
• Pollution
• Climate Change
Sustainable Development
• Meets the needs of the present
• Efforts towards building an inclusive, sustainable and
resilient future for people and planet.
• Harmonizing three core elements: economic growth,
social inclusion and environmental protection.
• Eradicating poverty and
• Promotes integrated and sustainable management of
natural resources and ecosystems
Imagine there’s no countries. It isn’t hard to do.
Nothing to kill or die for. And no religion, too. Imagine
all the people. Living life in peace. You, you may say I’m
a dreamer. But I’m not the only one. I hope someday
you will join us. And the world will be as one…
References
• https://www.basic-concept.com/c/basic-concept-of-globalizatio
n-with-definition-and-advantage
• https
://www.piie.com/commentary/speeches-papers/globalization-c
oncept-causes-and-consequences
• https://www.imf.org/external/pubs/nft/op/220/index.htm
• https
://youmatter.world/en/definition/definitions-globalization-defini
tion-benefits-effects-examples
/
