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Aspects of Globalization

Aspects of Globalization. By: Jenny F. Geraldizo Chenee Babe Germino. Globalization has a various aspects which affect the world of way (San Juan, et al 2007). 1. Industrial globalization, trans-nationalization Rise and expansion of multinational, transnational enterprises.

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Aspects of Globalization

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  1. Aspects of Globalization By: Jenny F. Geraldizo Chenee Babe Germino

  2. Globalization has a various aspects which affect the world of way (San Juan, et al 2007)

  3. 1. Industrial globalization, trans-nationalization • Rise and expansion of multinational, transnational enterprises. • Movements of people, including tourist, immigrants, refugees and business trevellers

  4. Financial globalization • Emergence of worldwide financial market • Better access to external financing for corporate, national,sub national barrower. • Global flows of money • Often driven by interconnected currency market • Stock exchanges and also commodity market

  5. Political globalization • Global spread of ideas and political ideologies • Potential formation of global citizen movement • Evidenced when government create international rules • Institution which deals with trade, human rights and environment.

  6. Informational globalization • Increase information flows between geographically remote location • Global distribution of media images through computer screen, newspaper, television and radio.

  7. Cultural globalization • The growth of cross-cultural contacts • Better understanding, appreciation of cultural diversity and plurality • Movements of technology around the globe • Greater international exchange • Spreading of multiculturalism

  8. Globalism • Universal, internationalist impulse that the world is connected. • Connection between cultures, nations, and peoples, embodies cultural diffusion • Desire to consume and enjoy foreign products • Adopt new technologies and practices • Participate in “ world culture”

  9. REFERENCES : http://geography.about.com/od/globalproblemsandissues/a/globalization.htm www.davidson.edu/.../Globalization%20Group/.

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