TCW Notes
TCW Notes
TCW Notes
GLOBALIZATION
divina o. laureta/2021
Definition of Globalization
The increasing interaction of people, states, or countries through the growth of the international flow
of money, ideas, and culture
The interconnectedness of people and business across the world that eventually lead to global,
cultural, political and economic integration.
The ability to move and communicate easily with others all over the world in order to conduct
business internationally.
The free movement of goods, services, and people across the world in seamless and integrated
manner.
Globalization refers to those processes by which people of the world are incorporated into a single
world society
Globalization is the compression of the world and the intensification of the consciousness of the world
as a whole.
Merits of Globalization
EX: Construction of the International Space Station. The cost to construct the ISS was $150 billion. The
United States, Russia, Canada, Europe, and Japan are all involved in the financing and continued
operations of the program.
By reducing border restrictions, we improve communication access because we’re no longer restricting
the movements and actions of people on a per-nation basis.
5. Globalization would remove tax havens for wealthy individuals and businesses.
-it eliminates the administrative structures in place which allow the wealthy to hide their funds from
being taxed
Greater transparency
-three primary currencies traded in the world today: the Dollar, the Euro, and the Pound Sterling
-economic growth occurs on a global scale instead of in only local economies.
borders create restrictions to the free flow of goods and services – higher taxes
Globalization –lower taxes on imported goods
Consumers would benefit from the lower prices, consume more, and create additional job
opportunities around the world. By creating an environment where free trade encouragement readily
exists, more innovation, creativity, and engagement would occur at every level of society.
Demerits of Globalization
With fewer restrictions in place at the national level, some businesses may use off shoring to their
advantage.
Developing countries – increase in wages
Developed countries – decrease in wages
People with power: dictate policy and reap the most significant rewards.
Those with money to invest: bank accounts continue to rise.
Most nations today offer those in extreme poverty access to safety net programs for basic supplies –
shift in social programs for rich countries
-only the richest and most influential would influence laws which would impact everyone.
-Americans eat almost 200 billion more calories per day as a nation than they require, which means 80
million people are hungry needlessly because of these consumption habits.
STRUCTURES OF GLOBALIZATION
According to anthropologists Arjun Appadurai, globalization occurs on multiple and intersecting dimensions
of integration that he calls “scapes”
Global Economy: It refers to the world economy. This term also pertains to the international exchange
of goods and services that is expressed in monetary units. It may also mean as the free movement of
goods, capital, services, technology, and information.
Global Economy or Economic Globalization: It is concerned on the globalization of production, finance,
markets, technology, organizational regimes, institutions, corporations, and labor.
Market Integration: It exists when prices among different location or related goods follow the patterns
over a long period of time. When group of prices often move proportionally to each other and when
this relation is very clear among different markets it is said that markets are integrated.
Chartered by more than one country and therefore are subjects to international law.
Owners or shareholders: national governments, international institutions, and organizations
Creations of multiple nations
Bilateral financial institutions (created by two countries)
INTERNATIONAL CORPORATION
Involved in exporting and selling its goods and/or services to other nations
Has no other investment in other nations
Business functions and headquarters remain in the country of origin
No branches of the company overseas
Decision-making process is streamlined
Examples of International Companies
APPLE – produces consumer electronics such as computers, tablets, mobile phones, etc. It sells
its products around the world, but the headquarters and all product development are located
within the US
NIKE – decisions for the Nike brand are all made within the US and Nike products are exported
to other nations.
GLOBAL COMPANY
MULTINATIONAL COMPANY
Has establishments in the nations it chooses to operate in, not just sales
The company will choose to establish branches and operations in these nations, to oversee the sales
and/or importations
There is still a central headquarters, but the branches are in charge of localizing and marketing the
product
Examples of Multinational Co:
STARBUCKS – most of the menu is the same. Offerings change based on local tastes. Provides
different seating and set up to make local customers more comfortable.
HONDA – headquarters is in Japan but has branches all over the world. Product line up varies
by country (ex. Honda trucks were developed for the US market)
International Organizations
2. SECURITY COUNCIL
This body consists of 15 member states. The GA elects ten (10) of these 15 to two-year terms, the
other five (5) sometimes referred to as the Permanent 5 (P5) - are China, France, Russia, the United
Kingdom, and the United States. They cannot be replaced through election.
Its main role is to determine the existence of a threat to the peace or an act of aggression. Disputes are
settled through the act of peaceful means and recommends methods of adjustment or terms of
settlement.
It can resort to imposing sanctions or even authorizing the use of force to maintain or restore
international peace and security.
It only takes one veto from P5 member to stop an SC action dead in tracks.
4. TRUSTEESHIP COUNCIL
Assigned to supervise the administration of Trust Territories placed under the International
Trusteeship System.
The main goals of the ITS were to promote the advancement of the inhabitants of Trust Territories and
their progressive development towards self-government or independence.
The Trusteeship Council is made up of the five permanent members of the Security Council -- China,
France, the Russian Federation, the United Kingdom and the United States.
5. SECRETARIAT
It consists of the secretary-general and tens of thousands of international UN staff members who carry
out the day-to-day work of the UN as mandated by the GA and the organization’s other principal
organs.
It is not a world government and its functions primarily because of voluntary cooperation from states.
If the states refuse to cooperate, the influence of the UN can be severely restricted.
Biggest challenge of United Nations is related to security.
8. WORLD BANK
The World Bank is an international financial organization which aims to reduce poverty by providing
financing, policy advice, and technical assistance to developing countries
OTHERS:
A WORLD OF REGIONS
GLOBAL NORTH
United States
Canada
Western Europe
Australia
New Zealand
home of the G8 (Group of Eight)
Canada Japan
France* United Kingdom*
Germany Russia*
Italy United States*
home of four of the members of P5
rich, industrialized, wealthy nations
Mostly covers the West and the First World, along with much of the Second World
Richer, more developed region
Has enough food and shelter
GLOBAL SOUTH
Africa
Latin America
Asia
Middle East
Connotes developing countries
Corresponds with the Third World
Poorer, less developed region
“lacks appropriate technology, has no political stability, economies are disarticulated and depends on
exports”
FIRST WORLD
Encompassed all industrialized, democratic countries which were assumed to be allied with the United
States
Stable economy, high standard of living
NATO-aligned countries
Belgium, Canada, Denmark, France, West Germany, Greece, Italy, Luxembourg, Netherlands,
Norway, Portugal, Spain, Turkey, United Kingdom and United States
Neutral Countries
Austria, Finland, Ireland, Sweden, Switzerland, Australia, Israel, Japan, New Zealand and South
Korea
SECOND WORLD
Anchored on the industrialized, communist realm of the Soviet Union and its eastern European
satellites; “Communist Bloc”
China: it ceased to be a Soviet ally in 1961 and by the 1980s was no longer an enemy of the US
Bulgaria, Czech Republic, Slovakia, Hungary, Mongolia, North Korea, Poland, Romania, the Soviet
Union, and the German Democratic Republic.
THIRD WORLD
Non-aligned world and as the global realm of poverty and underdeveloped poor Soviet allies –
Mongolia, Cuba, North Korea and Vietnam
“Developing”, low income countries, inferior, non-white, less-educated and “primitive”
Coined in 1952 by Alfred Sauvy, a French demographer, anthropologist and economic historian
These countries have weaknesses in nutrition, education, and literacy, have economic vulnerabilities,
and have widespread poverty.
Mexico, India, Brazil, Thailand, Philippines, Jamaica, Peru, etc.
GLOBALIZATON
REGIONALISM
REGIONAL INTEGRATION
Process in which neighboring states enter into an agreement to upgrade cooperation through common
institutions and rules
Removing barriers to free trade
Increasing the free movement of people, labor, goods, and capital
Reducing the possibility of armed conflict
Adopting cohesive stances on policy issues on environment, climate change and migration
ASEAN, EU (European Union)
GLOBALIZATION OF RELIGION
Religion became an integral part of colonization and later on globalization. Religion has been a major
feature in some historical conflicts and the most recent wave of modern terrorism.
The major religions of the world are Hinduism, Buddhism, Islam, Confucianism, Christianity, Taoism,
and Judaism
1. The moral principles and values contained in the teachings of great religious teachers are essential
factors for the reduction of and ultimate eradication of greed, hatred and delusion – which form the
root cause of conflicts and wars.
2. Religion inspires and guides people and also provides them with the necessary tools to reduce greed
with the practice of charity; to overcome hate and aversion with loving kindness; and to remove
ignorance with the development of wisdom and insight.
Negative Aspects:
1. Madness of some so-called religionists who try to convert and win followers
2. Misinterpretations of scriptural texts
3. Religious persecutions, inquisitions, “holy wars” and terrorism
GLOBAL CITY
1. A variety of international financial services, notably in finance, insurance, real estate, banking,
accountancy and marketing
2. Headquarters of several multinational corporations
3. The existence of financial headquarters, a stock exchange, and major financial institutions
4. Domination of the trade and economy of a large surrounding area
5. Major manufacturing centers with port and container facilities
6. Considerable decision-making power on a daily basis and at a global level
7. Centers of new ideas and innovation in business, economics, culture and politics
8. Centers of media and communications for global networks
9. Dominance of the national region with great international significance
10. High percentage of residents employed in the services sector and information sector
11. High quality educational institutions, including renowned universities, international student attendance
and research facilities
12. Multi-functional infrastructure offering some of the best legal, medical, and entertainment facilities in
the country
13. Highly diverse in terms of language, culture, religion, and ideologies.
SUSTAINABLE DEVELOPMENT
Sustainable Development
Refers to the organizing principle for meeting human development goals while at the same time
sustaining the ability of natural systems to provide the natural resources and ecosystem services upon
which the economy and society depend.
the utilization of resources, without compromising the other, of the future generation.
In September 2015, the United Nations General Assembly formally adopted the “universal,
integrated and transformative” 2030 Agenda for Sustainable Development, asset of Sustainable
Development Goals (SDGs). The goals are to be implemented and achieved in every country from
year 2016 to 2030.
1. Sustainable Environment
concerns the natural environment and how it endures and remains diverse and productive. This
entails using water sustainability, utilizing renewable energy, and sustainable material supplies
(e.g. harvesting wood from forests at a rate that maintains the biomass and biodiversity)
2. Sustainable Agriculture
– consists of environment friendly methods of farming that allow the production of crops or
livestock without damage to human or natural systems.
4. Sustainable Energy
renewable energy sources like hydroelectric, solar and wind energy produce far less pollution.
5. Sustainable Technology
a. refers to open-source appropriate technology (OSAT) that is used to assist people meet their
developmental needs as can be freely found in the internet.
6. Sustainable Transport
a. can help create jobs, improve commuter safety through investment in bicycle lanes and
pedestrian pathways, make access to employment and social opportunities more affordable
and efficient.
7. Corporate Sustainability
a. -constitutes a firm’s efficient use of natural capital.
8. Sustainable Income
a. Sustaining financial balanced budget), environmental (living conditions) and social (equality of
income) means to eliminate poverty.
9. Sustainable Architecture
a. Promotes a sustainable approach towards construction that appreciates and develops smart
growth, architectural tradition and classical design.
Global Citizenship
Refers to the rights, responsibilities and duties that come with being a member of global entity
as a citizen of a particular nation or place.
Have an understanding of how the world works economically, politically, especially, culturally,
technologically, and environmentally
Participate and contribute to the community at all levels from local to global
Be willing to act to make the world a more equitable and sustainable place
Take responsibility for their actions
(Douglas, 2001)
1. Responsibility to understand one’s own perspective and the perspectives of others on global
issues.
3. Responsibility to make connections and build relationships with people from other countries and
cultures
4. Responsibility to understand the ways in which the peoples and countries of the world are inter-
connected and interdependent
7. Responsibility for advocating for the implementation of international agreements, conventions, and
treaties related to global issues
8. Responsibility for advocating for more effective global equity and justice in each of the value
domains of the world community.