AgendaBackground on GlobalizationWhat is Globalization?History of GlobalizationImportance of GlobalizationCriteria for Measuring GlobalizationPolitical EngagementPersonal ContactTechnological ConnectivityEconomic IntegrationConclusion
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Agenda Background on Globalization What is Globalization? History of Globalization Importance of
Globalization Criteria for Measuring Globalization Political Engagement Personal Contact Technological Connectivity Economic Integration Conclusion
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What is Globalization Process by which the people of
the world are unified into a single society
Integration of
national economies into the international economy through trade, foreign direct investment, capital flows, migration, and spread of technology
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History of Globalization The word "globalization" has been used
by economists since 1981.
The concepts did not permeate popular
consciousness until the later half of the 1990s.
The earliest concepts and predictions of globalization were penned by an American entrepreneur-turned-minister Charles Tazz Russell who first coined the term 'corporate giants' in 1897.
Various social scientists have tried to demonstrate continuity between contemporary trends of globalization and earlier periods.
The first era of globalization (in the fullest sense) during the 19th century was the rapid growth of international trade between the European imperial powers, the European colonies, and the United States.
After World War II, globalization was restarted and was driven by major advances in technology, which led to lower trading costs.
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Importance of Globalization The phenomena that is globalization is
here to stay and its impact will be felt
for many years to come. Due to the increasing integration of economies, problems in one country could have spill over effects on the global economy Globalization indicates the health of a country.
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Criteria For Measuring Globalization Political Engagement
Personal Contact
Technological Connectivity
Economic Integration
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Political Engagement Foreign aid, treaties, organizations and peacekeeping
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Personal Contact Including telephone calls, travel, and remittances.