ECONOMICS
Lecture-1-Introduction.pdf

Lecture-1-Introduction.pdf - ECONOMIC GLOBALISATION...

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ECONOMIC GLOBALISATION
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Evaluation § Attendance: 10% of total mark § Mid-term presentation: 30% of total mark § Final exam: 60% of total mark Introduction
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INTRODUCTION Lecture 1
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Contents § Introduction of Globalization § Word Trade Organization (WTO) § Economics Integration (Trade blocs) § Multinational Corporations in the Global economy § Developing Nations in the Global economy INTRODUCTION
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1 DEFINITION What is Globalization?
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What is Globalization? § ‘Globalization can thus be defined as the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa.’ Anthony Giddens, Former Director of the London School of Economics § ‘The concept of globalization reflects the sense of an immense enlargement of world communication, as well as of the horizon of a world market, both of which seem far more tangible and immediate than in earlier stages of modernity.’ Fredric Jameson, Professor of Literature, Duke University § ‘Globalization may be thought of as a process (or set of processes) which embodies a transformation in the spatial organization of social relations and transactions – assessed in terms of their extensity, intensity, velocity and impact – generating transcontinental or interregional flows and networks of activity, interaction, and the exercise of power.’ David Held, Professor of Political Science, London School of Economics § ‘Globalization as a concept refers both to the compression of the world and the intensification of consciousness of the world as a whole.’ Roland Robertson, Professor of Sociology, University of Aberdeen, Scotland 1 INTRODUCTION
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What is Globalization? Global industrialism or globalization is a process of forging international political, economic, religious, and socio-cultural interconnections KFC Kuwait 7-11 Beijing
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What is Globalization? 1 INTRODUCTION “All of us felt sorry when we read about the story of a bunch of blindmen trying to figure out the shape and form of an elephant. Although we are not blind, our task is more challenging than the blindmen who studied a standing animal” (Peng, 2009:13)
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What is Globalization? 1 INTRODUCTION
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The best definition of globalization An English princess with an Egyptian boyfriend crashes in a French tunnel, driving a German car with a Dutch engine, driven by a Belgian who was drunk on Scottish whisky, followed closely by Italian Paparazzi, on Japanese motorcycles; treated by an American doctor, using Brazilian medicines. This is sent to you by an American, using Bill Gates's technology, and you're probably reading this on your computer, that uses Taiwanese chips, and a Korean monitor, assembled by Bangladeshi workers in a Singapore plant, transported by Indian lorry-drivers, hijacked by Indonesians, unloaded by Sicilian longshoremen, and trucked to you by Mexican illegals ..... (from the web) Princess Diana's death
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What is Globalization?
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