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    Topic 2-Economic Globalization

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    jossan addatu
    The document discusses several key aspects of economic globalization: 1. Economic globalization refers to the increasing integration of economies around the world through the movement of goods, services, and capital across borders. 2. Immanuel Wallerstein's world-systems theory divided countries into three categories in the modern capitalist world-economy: core countries that dominate and exploit others, peripheral countries that are heavily exploited, and semi-peripheral countries that are between the core and periphery. 3. Globalization pressures countries and areas to incorporate into the world economy to expand its boundaries, driven by internal pressures within the world economy. However, states must maintain enough strength to protect their economies from external threats.

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    Topic 2-Economic Globalization

    Uploaded by

    jossan addatu
    146 views25 pages
    The document discusses several key aspects of economic globalization: 1. Economic globalization refers to the increasing integration of economies around the world through the movement of goods, services, and capital across borders. 2. Immanuel Wallerstein's world-systems theory divided countries into three categories in the modern capitalist world-economy: core countries that dominate and exploit others, peripheral countries that are heavily exploited, and semi-peripheral countries that are between the core and periphery. 3. Globalization pressures countries and areas to incorporate into the world economy to expand its boundaries, driven by internal pressures within the world economy. However, states must maintain enough strength to protect their economies from external threats.

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    TOPIC 2-ECONOMIC GLOBALIZATION

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    The document discusses several key aspects of economic globalization: 1. Economic globalization refers to the increasing integration of economies around the world through the movement of goods, services, and capital across borders. 2. Immanuel Wallerstein's world-systems theory divided countries into three categories in the modern capitalist world-economy: core countries that dominate and exploit others, peripheral countries that are heavily exploited, and semi-peripheral countries that are between the core and periphery. 3. Globalization pressures countries and areas to incorporate into the world economy to expand its boundaries, driven by internal pressures within the world economy. However, states must maintain enough strength to protect their economies from external threats.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    146 views25 pages

    Topic 2-Economic Globalization

    Uploaded by

    jossan addatu
    The document discusses several key aspects of economic globalization: 1. Economic globalization refers to the increasing integration of economies around the world through the movement of goods, services, and capital across borders. 2. Immanuel Wallerstein's world-systems theory divided countries into three categories in the modern capitalist world-economy: core countries that dominate and exploit others, peripheral countries that are heavily exploited, and semi-peripheral countries that are between the core and periphery. 3. Globalization pressures countries and areas to incorporate into the world economy to expand its boundaries, driven by internal pressures within the world economy. However, states must maintain enough strength to protect their economies from external threats.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 25

    TRUE/FALSE

    Globalization is a single set of processes which also leads to a single direction.


    The adoption of Japanese anime among Filipinos shows globalization
    The interdependence of countries worldwide means globalization.
    Globalization is also known as colonization.
    APPLICATION

    At the span of 15 minutes relate your personal experiences about globalization either at
    home, school or within the community and afterwards share your most interesting experience
    to the class.
    Economic
    Globalization
    DECODE

    CHANGE ME INTO LETTERS!


    9_13_13_1_14_21_5_12_
    23_1_12_12_5_18_19_20_5_9_14_
    DECODE

    CHANGE ME INTO LETTERS!

    5_ 3_ 15_ 14_ 15_ 9_ 3_


    7_ 12_ 15_ 2_ 1_ 12_ 9_ 26_ 1_ 20_ 9_ 15_ 14_
    STEP BACK IF YOU DON’T KNOW!
    H_M_P_C_B_M_ Q_F_S_
    D_B_Q_J_U_B_
    DON’T STEP BACK! MOVE FORWARD…
    TWICE!
    N_C_P_G_N_F_C_P_W_
    JUMBLED LETTERS

    ATPSCITALI
    NOITATROPSNART
    OCRE
    DEFINITION OF ECONOMIC
    GLOBALIZATION

    • The International Monetary Fund (IMF) regards “economic


    globalization” as a historical process representing the result of
    human innovation and technological progress. It is characterized
    by increasing integration of economies around the world
    through the movement of goods, services, and capital across
    borders.
    • The global economic system, beginning in 1896, had reached its
    peak in 1914. There are various changes and improvements that
    characterize economic globalization past and present. Structure
    of transportation, communication, and capital are comparable
    then and now.
    • With the emergence of transnational companies these
    brought changes to our country’s economy. Their collective
    vision is the media that transcends physical barriers including
    national borders to reach as many people as possible. Such
    companies can provide work and enrich our economy.
    • In terms of transportation, in the past railroads and
    steamships are the significant inventions but today airplanes
    have been transporting humans around the world. In terms of
    communication, the internet today made the world open to
    everyone.
    • In the recent decades, as a result of increased in exports,
    economic globalization has ushered in an unprecedented spike
    in global growth rates.
    • According to the IMF, the global per capita GDP rose over five-
    fold in the second half of the 20th century. It was this growth that
    created the large Asian economies like Japan, China, Korea, Hong
    Kong, and Singapore. And yet, economic globalization remains
    an uneven process, with some countries, corporations, and
    individuals benefiting a lot more than others.
    THE MODERN WORLD SYSTEM

    • One of the famous works that captures the socio-historical and


    economic nexus of pre-capitalist economies and the present world
    was that of Immanuel Wallerstein’s research on the modern
    world system. His analysis focused on the broad economic entity
    with a division of labor that is not circumscribed by political or
    cultural boundaries.
    • His idea of the world system is larger than workers, classes, or
    even states. Through the global economic activity, countries
    around the world have been divided according to their economic
    power in the global arena.
    THE THREE LEVEL HIERARCHY OF THE
    MODERN CAPITALIST WORLD-ECONOMY

    • Not all countries or areas are equal in the modern world-


    system according to Wallerstein. A three-level hierarchy is a
    remarkable feature of the modern capitalist world-economy.
    • Based on the Wallerstein’s World System Theory Model, the
    world is now divided into three categories and These are:
    • CORE
    • PERIPHERY
    • SEMI-PERIPHERY
    CORE
    • These are areas that dominate the capitalist world-economy and
    exploit the rest of the system(e.g., US, Japan and Germany).
    Periphery
    • These are areas that provide raw materials to the core and are
    heavily exploited (e.g., many countries in African region, Eastern
    Europe (especially Poland) and Latin America).
    Semi-periphery
    • It is a residual category that encompasses a set of regions
    somewhere between exploiting and the exploited (e.g., India,
    China, Indonesia, Mexico, Iran and Brazil). They often also served
    as buffers between the core and the peripheries.
    • Why are countries being pulled toward this system? Can
    the countries or areas of the world “resist”?
    Ritzer (2010-310) explained:
    “The pressure for incorporation into the world-economy
    comes not from the nations being incorporated but rather
    from the need of the world economy to expand its
    boundaries, a need which was itself the outcome of
    pressures internal to the world economy” (Wallerstein
    1989:129).
    • In maintaining a good balance between maintaining state
    powers and being part of the modern world-system, the
    states must be strong enough to protect their own
    economies from external threats.
    • However, this strength of theirs which comes from,
    perhaps, their external sovereignty should not be too much
    for them to be able to stand on their own and refuse to act
    in accord with the demands of the capitalist world economy.

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