The Contemporary World

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CONTEMPORARY THE WORLD

OBJECTIVES:

One. Define the concepts of the Contemporary World, Globalization, and the Structure of Globalization.

Two. Explain how globalization shapes the contemporary world through its different structures.

Three. Evaluate the impact of globalization on society by analyzing its economic, political, and cultural structures.

Globalization is a policy in both formal and informal among participating countries. It is the removal of artificial barriers such as tariffs, quotas, and subsidies to let the market free from the intensified flow of goods, services, technology, information, human resources, and factors of production on the world market.

It must be highlighted that trade is not just limited to physical products, but more importantly, exchanges of ideas, cultures, and information. As the market became a binding force between countries, furthering their specialization of products and trade engagement. In the study of the contemporary world, this must be approached as strategic management

THROUGH

For Steger, the term globalization should be limited to an intricate social process that modify prevailing social statuses based on the modern regime of self-dependent nation-states. Further, he uses the term globality to mean globalization as a condition and globalism as an ideology. For him, globality means "future social condition characterized by thick economic, political, and cultural interconnections and global flows that make currently existing political borders and economic barriers irrelevant." He then identifies five core claims of globalism:

Globalization is about liberalization and global integration of markets.

Globalization furthers the spread of democracy in the world.

Nobody is in charge of globalization.

Globalization benefits everyone.

Globalization is inevitable and irreversible.

Who made Globalization possible?

Peter Sutherland, the former Irish Attorney General European Commissioner, "Father of Globalization" born in Dublin in nineteen forty-six, he became Ireland's youngest Attorney General at the age of thirty-five.

The Structures of Globalization

Two. Market Integration

Four. Contemporary Global Governance

Two. MARKET INTEGRATION

Three. GLOBAL INTERSTATES SYSTEM

Four. CONTROPORARY GLOBAL GOVERNANCE

LESSON TWO: THE GLOBAL ECONOMY AND MARKET INTEGRATION

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BRANDING IN

Overview

The document provides an in-depth analysis of globalization and its multifaceted influence on the contemporary world, discussing how globalization reshapes societies through interconnected economic, political, and cultural structures.

Key Points

1Globalization is defined as the removal of barriers to trade and the increased flow of goods, services, and ideas between countries
2The global economy serves as a single market where countries specialize in what they can produce most cheaply
3Market integration occurs when separate markets for the same product become one, benefiting consumer access
4Contemporary global governance examines the roles of various actors and institutions in managing global society
5Globalization is characterized by increased connectivity and interdependence across international commerce, politics, and culture

Details

Authors: Jenny Fay S. Liwagon
Category: Social Sciences

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