CHAPTER 1 GLOBALISM GLOBALISM > LOCALISM = the

Transcript:CHAPTER 1 GLOBALISM GLOBALISM > LOCALISM = the:
CHAPTER 1 GLOBALISM GLOBALISM > LOCALISM = the emergence of: 1. An integrated world economy 2. A universal Westernized culture (individualism + capitalism) 3. Diminished Western nationalism WHO IS RESPONSIBLE FOR GLOBALISM? Companies that sell outside their home market. Companies that offshore (manufacture abroad) Companies with foreign suppliers Companies that hire illegal aliens & the consumers who use the products & services of these companies. 5. Stockholders who invest in global companies. 6. Nations dependent on foreign natural resources. 7. Nations that join the World Trade Organization, International Monetary Fund, or free trade agreements. 8. People who buy foreign owned brands & don’t even know it 9. YOU! GATEWAYS TO GLOBALISM Global proliferation of individualism culture & the emerging universal generation Digital communication technology Turbo-capitalism Media World Trade organization, International Monetary Fund, International Standards org. Oil Outsourcing of Western manufacturing & computer services to Asia & other developing nations Asian financing of Western government fiscal deficits Economic power > Military Free trade agreements COMPONENTS OF GLOBALIZATION THE IDEOLOGICAL ASPECTS OF GLOBALIZATION 1. The ideological exports of powerful nations often include their government & economic system (such as representative government & profit-maximization capitalism for the USA), as well as their culture (American pop culture). 2. Such exports are designed to advance the nation’s nationalistic agenda & open new export markets. TECHNOLOGICAL ASPECTS OF GLOBALIZATION Global telecommunications infrastructure The Internet & e-commerce Cross-border licensing of patented technology between corporations A universal computer operating system in place (Microsoft Windows) POLITICAL ASPECTS OF GLOBALIZATION Power of global government organizations (GGOs) over nations Rise of non-profit governmental organizations (NGOs) to represent non-business interests around the world Emergence of the International Criminal Court Proliferation of regional free trade agreements (EU, NAFTA, etc.) FINANCIAL ASPECTS OF GLOBALIZATION Worldwide integrated financial markets The World Bank and International Monetary Fund Instantaneous electronic transfer of funds across borders Dollarization: consolidation of the number of currencies used throughout the world “Hot money”--$3 trillion crossing borders daily CULTURAL ASPECTS OF GLOBALIZATION Global consumerism spurred by giant global corporations & the advertising of global brand names Emergence of middle class social structure in a growing number of developing nations Greater international tourism & immigration The emergence of a universal generation of young people who share more cultural similarities than differences ECONOMIC ASPECTS OF GLOBALIZATION Relatively easy movement of people, merchandise, technology, & capital across borders Rising free trade in large part due to