Globalization

Globalization - is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.

extra introduction #1

• Globalization - the 'big idea' of the late twentieth century - lacks precise definition. More than this, it is in danger of becoming, if it has not already become, the cliché of our times.
• Are we, or are we not, on the edge of a global shift with massive political, economic and cultural implications?

extra introduction #2

• Globalization can usefully be conceived as a process (or set of processes) which embodies a transformation in the spatial organization of social relations and transactions, generating transcontinental or interregional flows and networks of activity, interaction and power

A fact about Globalization!

• In 2001, American consumers spent 102 billion dollars on products made in China. In 2011, American consumers spent 399 billion dollars on products made in China.
• The Chinese undervalue their currency by about 40 percent in order to gain a critical advantage over foreign competitors.

Invention Percentage Timeline

The technology of globalization

• It has something to do with production of goods and services. We need technology to produce goods (ex: clothes, television set, cars etc.) or service (ex: banking, teaching etc.) Technology improves our capacity to produce.

The Technology of globalization

• The development of technology has flourished in recent years and has played a major role in globalization
• Communication technology, from mobile phones to GPS satellites, have also revolutionised communications
• Transport technology has had a growing focus on affordability, comfort, speed and being environmentally friendly

Inventions That Changed The World:

• The compass was invented by the Chinese between the 9th and 11th century.
• The earliest evidence of a crank and connecting rod mechanism dates to the 3rd century AD
• Charles Babbage conceptualised and invented the first mechanical computer in the early 19th century.

The Bad & Good Side Of Globalization

• Social welfare schemes are under great pressure in developed countries because of deficits and other economic ramifications of globalization.
• Wealth Equality
• Environmental Devastation

Career Interest: In the business world I would take up the job of being a Youtuber. YouTubers typically charge around $10,000 per 100,000 views.

The Fate of National Cultures

• Cultural flows are transforming the politics of national identity and the politics of identity more generally.
• For most of human history these extensive ruling cultures passed through a fragmented mosaic of local cultures and particularisms - little stood between the court and the village.

Globalization is a serious issue that affects many nations. Yet, it still has its good times and bad times just like everyday life.