THE CONTEMPORARY WORLD
ETHNOSCAPE
according to Appadurai tourists immigrants
refugees exiles guest workers and other moving
groups and persons appear to affect the politics of
in between nations do a heather to unprecedented
degree
TECHNOSCAPE
technologies themselves are drivers of
globalization so technologies like the Internet are
helping facilitate the rapid movement of people
and goods across borders at faster and faster rates
FINANCESCAPE
visa and MasterCard are almost everywhere
these days enabling us to use our money
globally so most credit cards will work in
most countries around the world making it
easier to spend globally
MEDIASCAPE
the power of international media to send news
information across the globe at the rapid rate so
blogging and vlogging for example allows for sharing
of information in a way that used to be just found in
books before people consume media
instantaneously using Twitter and other social media
platforms
IDEOSCAPE
refers to the idea symbols and
narratives that have spread around
the globe
EXAMPLES OF GLOBALIZATION
EXAMPLES OF GLOBALIZATION
1. Economic Globalization
2. Financial Globalization
3. Cultural Globalization
4. Political Globalization
5. Sociological Globalization
6. Technological Globalization
7. Geographic Globalization
8. Ecological Globalization
EXAMPLES OF GLOBALIZATION
Globalization in Economics
Multinational corporations operate on a global scale, with satellite offices and branches in numerous locations.
Outsourcing can add to the economic development of a struggling country, bringing much needed jobs.
Some automobiles use parts from other countries, as in a car being assembled in the United States with the parts coming from
Japan, Germany, or Korea.
The European Union is an economic and political union of 28 countries that are located primarily in Europe.
One shirt sold in the United States could have been made from Chinese cotton by workers in Thailand. Then it could have been
shipped on a French freighter that had a Spanish crew.
A McDonald's in Japan and other countries shows the growth of companies over the entire world.
ADVANTAGES
Peaceful Relations
Most of the countries have resorted to trade
relations with each other in order to boost
their economy, leaving behind any bitter past
experiences if any.
Employment
Considered as one of the most crucial
advantages, globalization has led to the generation
of numerous employment opportunities. Companies
are moving towards the developing countries to
acquire labor force.
Education
With numerous educational institutions around the globe, one
can move out from the home country for better opportunities
elsewhere.
Product Quality
The product quality has been enhanced so as to retain the
customers. Today the customers may compromise with the
price range but not with the quality of the product. Low or poor
quality can adversely affect consumer satisfaction.
Cheaper Prices
Globalization has brought in fierce
competition in the
markets.
Communication
Circulation of information is no
longer a tedious task, and can
happen in seconds. The
Internet has significantly
affected the global economy,
thereby providing direct access
to information and products.
Transportation
Today withvarious modes of transportation available, one can
conveniently deliver the products to a customer located at any
part of the world.
GDP Increase
Gross Domestic Product, commonly known as GDP, is the
money value of the final goods and services produced within
the domestic territory of the country during an accounting
year.
Free Trade
Free trade is a policy in which a
country does not levy taxes,
duties, subsidies or quota on
the import/export of goods or
services from other countries.
There are countries which
have resolved to free trade
in specific regions. This allows
consumers to buy goods and
services, comparatively at a
lower cost.
Travel and Tourism
Globalization has promoted tourism to great heights.
International trade among different countries also helps in
increasing the number of tourists that visit different places
around the world.
External Borrowing
With the help of globalization, there is opportunity for
corporate, national, and sub-national borrowers to have
better access to external finance, with facilities such as
external commercial borrowing and syndicated loans.
DISADVANTAGES
Health Issues
Globalization has given rise to more health risks and presents new threats
and challenges for epidemics.
• the dawn of HIV/AIDS. Having its origin in the wilderness of Africa, the
virus has spread like wildfire throughout the globe in no time.
• The Corona Virus Pandemic.
Loss of Culture (The Negative Effects of Globalization)
With large number of people moving into and out of a country, the
culture takes a backseat. People may adapt to the culture of the
resident country. They tend to follow the foreign culture more,
forgetting their own roots. This can give rise to cultural
conflicts.
Uneven Wealth Distribution (The Economic Negative Effects of
Globalization)
It is said that the rich are getting richer while the poor are getting
poorer. In the real sense, globalization has not been able to reduce
poverty.
Environment Degradation (Negative Effects of Globalization on the
Environment)
The industrial revolution has changed the outlook of the economy. Industries
are using natural resources by means of mining, drilling, etc. which puts a
burden on the environment.
Disparity
Though globalization has opened new avenues like wider markets and
employment, there still exists a disparity in the development of the
economies.
Structural unemployment owes to the disparity created. Developed countries
are moving their factories to foreign countries where labor is cheaply
available.
Conflicts
It has given rise to terrorism and other forms of violence. Such
acts not only cause loss of human life but also huge economic
losses.
Cut-throat Competition
Opening the doors of international trade has given birth to intense
competition.
This has affected the local markets dramatically. The local players
thereby suffer huge losses as they lack the potential to
advertise or export their products on a large scale. Therefore the
domestic markets shrink.
GLOBALIZATION AS AN IDEOLOGY
1. Globalization is about the liberalization and global integration of
markets.
2. Globalization is inevitable and irreversible.
3. Nobody is in charge of globalization.
4. Globalization benefits everyone in the long run.
5. Globalization furthers the spread of democracy in the world.
6. Globalization requires a global war on terror.
QUICK RECAP!
Globalization has varied and contending meanings.
Globalization can be seen as a process, a condition,
and an ideology.
Globalization as a practice is not new at all.
The primary requisites of Globalization are technology,
communications, economic realities and people.
From the various competing conceptions of globalization,
there is now a need to come up with a working definition
that is academic, non-biased, must be grounded on an
interdisciplinary approach that transcends disciplinary
boundaries.
Globalization refers to the expansion and intensification of
social relations and consciousness across world-time and
world-space. (Manfred Steger)
