THE CONTEMPORARY WORLD

W1 - Vision, Mission, Philosophy, Core Values

- Institutional Objectives
- Quality Policy
- Quality Objectives of EAC
 OVERVIEW
W2 - Globalization refers to the processes by which more
people across large distance become connected in more
and different ways. They can become connected very
simply by doing or experiencing the same sort of thing.
Example,
Japanese cuisine globalizes then more people on
different continents enjoy the taste of sushi.
Since the nineteenth century soccer has become
globalized as players and fans in many countries took an
interest in the game.
Though many people lack access to good medicine,
parents around the world routinely decide to immunize
their children against major diseases.
Group Research:
 Group 1 - Globalization and the expanding market.
 Group 2 - Does globalization make the world more
Homogenous? Hy? Give reasons
 Group 3 – Globalization determining local events
 Group 4 – Is globalization harmful? Why? Give reasons
 Group 5 – The interdisciplinary understanding of
globalization
ASSIGNMENT
 The five core claims of market
 The globalization experience from Laissez Fare to
Neoliberalism
THE FORCES OF GLOBALIZATION
Globalization is an interaction of people and
primarily an economic process of integration which
has social and cultural aspects as well.
Such institution which have emerged in many
areas of human activity, reflect increasingly common
knowledge and awareness. Even if they do not know
the larger structures, their everyday life is
nevertheless embedded in a world culture that
transcends their village , town or country and that
becomes part of individual and collective identities.
As people connected to many across large distances,
not all people to the same extent the world is
becoming a single place.
A second kind o definition is more specific. It identifies
globalization with the process by which CAPITALISM
expands across as powerful economic actors seek
profit in global markets and impose their rules
everywhere. A process often labeled
NEOLIBERALISM. Though sometimes invoked by
defenders of globalization, this is a critical definition
that usually serves to challenge the process it tries to
capture. Through this lens generic globalization looks
a little different. The export of TV show formats as
cultural commodities is driven by media producers in
core markets. This lens filters out much of what the
generic view includes but also sharpens the focus, in
a way that contemporary critics of capitalist market
society.
The meaning of globalization to different people:

 To Korean Pentecostal missionary, it means a new

opportunity to spread the faith and convert lost souls
abroad.
 To a Dominican immigrant in the United States, it
means growing new roots while staying deeply
involved in the home village.
 To an Indian television viewer, it means sampling a
variety of new shows some adapted from foreign
formats.
 To a Chinese apparel worker, it means a chance to
escape rural poverty by cutting threads off designer
jeans.
 To an American shoe company executive, it means
managing a far-flung supply chain to get products to
stores.
 To a Filipino global justice advocate, it means rules
of the global game that favor the rich North over
the poor South.
 Theories of Globalization
1. World System Theory= A perspective that
globalization is essentially the expansion of the
CAPITALIST system around the globe. At the time
Marx was writing in the mid- nineteenth century, the
world was becoming unified via thickening networks
of communication and economic exchange. A world
economy, guided by liberal philosophy with global
aspirations , provided the frameworks for a single
world that since has grown more integrated and
standardized.
 1. The CAPITALIST WORLD SYSTEM originated in the
sixteenth century, when European traders established
enduring connections with Asia, Africa and the
Americas from the outset , this system consisted of a
single economy – a market and a regional division of
labor- but many states, and no one power was strong
enough to gain control and stifle dynamic
competition. At the core of the system, the dominant
classes were supported by strong states as they
exploited labor. Resources and trade opportunities,
most notably in PERIPHERAL areas. Buffer countries
 The central purpose of the world system is capital
accumulation by competing firms, which go through
cycles of growth and decline.
 2. World Polity Theory = In the theoretical
perspective, state remains an important component
of world society, but primary attention goes to the
global cultural and organization environment in which
states are embedded. What is new in world society,
from this perspective, is the all-encompassing world-
polity and its associated world culture, which supplies
a set of cultural rules or scripts that specify how
institutions around the world should deal with
common problems.
 Globalization is the formation and enactment of this
world polity and culture.
 One of the world polity’s key elements is a general,
globally legitimated model of how to form a state.
Guided by this model, particular states in widely
varying circumstances organize their affairs in
surprisingly similar fashion. Because world society is
structured as a polity with an intensifying global
culture, new organizations – business enterprises,
educational institutions, social movements, its
precepts. As carriers of global principles, these
organizations then help to build and elaborate world
culture and world society further.
 3. World Culture Theory = This perspective agrees
that world culture is indeed new and important, but
it is less homogeneous than world-polity scholars
imply. Globalization is a process of relativization.
Societies must make sense of themselves in relation
to a larger system of societies, while individuals make
sense of themselves in relation to a sense of
humanity as a larger whole. World society thus
consists of a complete set of relationships among
multiple units in global field. World society is
governed not by a particular set of values but by the
confrontation of different ways of organiing these
relationships. Globalization compresses the world
into a single entity
THE GLOBAL ECONOMY
 Economic globalization
Benczes (2014) defines economic globalization as the increasing
integration of economies around the world, particularly through the movement
of goods, services and capital across borders. The term sometimes also refers to
the movement of people and knowledge across international boarders.
What makes economic globalization distinct from internationalization in
that the latter is about the extension of economic activities of nation states
across borders while the former is functional integration between
internationally dispersed activities. That is, economic globalization is rather a
qualitative transformation than just a quantitative change. If, however ,
globalization is required than the one offered by the IMF. The definition befits
the purpose of this particular chapter.
In economic terms globalization is nothing but a process making the
world economy an “organic system” by extending transnational economic
process and economic relations to more and more countries and by depending
the economic interdependencies among them.
 Interconnected Dimentions of Economic Globalization
 1. The globalization of trade of goods and services
 2. The globalization of financial and capital markets
 3. The globalization of technology and communication
 4. The globalization of production

GLOBALIZATION of services = Filipino are known

as world class professionals because of being hardworking
and persevering in their chosen profession even in overseas
.The free flow of skilled labor brought by ASEAN
economic Integration brings more job opportunities for the
Filipino skilled workers.