Introduction to Globalization

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• Introduction to Globalization

Beza Dessalegn
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Objective

• Shed some light on the complexities of
  globalization
• Concept
• Its implications
• A better understanding of the term

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Effects of globalization

• The event of 9/11
• Change in oil prices
• Trends in music styles

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What is globalization?

• Interconnectedness and interdependence of
  countries make up some of the common themes in
  explaining globalization

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Dimensions of globalization

• Economic a level of interdependence such that
  an economic or financial crisis in one region is
  felt by others
• Political political events in some corner of
  the world is felt by others across the globe
• Cultural the symbolic expression of cultures
  such as language, music, and images
• Growing technology in communications have helped
  minimize the virtual time and geographic distance
  between countries

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Is it something new?

• Modernization part of globalization but it
  mostly applied to the developed world
• Internationalization refers to a phenomenon
  where in interconnectedness among countries
  exists while the countries remain distinct
  national units
• Regionalization- though also referring to a
  phenomenon of interconnectedness, the countries
  involved are limited to those that exist in close
  proximity to one another e.g. EU

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What does it mean in the study of world politics?

• The transformationalists - argue that the line
  between local and international politics is
  loosely defined politics everywhere is related
  with politics everywhere else
• The hyperglobalists contend that global forces
  undermine the ability of governments to control
  their own economies and societies and result in
  the demise of the sovereign nation-state
• The sceptics on the other hand maintain that
  states remain the principal forces shaping the
  world order

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Global politics

• A Globalized politics
• Global and regional institutions as well as NGOs
  (Non-Governmental Organizations) are now on the
  rise and influence the way global affairs are
  governed
• Sovereignty is shared exercise of power and
  authority shared among local, national,
  regional and global authorities
• Inequality of global politics

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Proponents and opponents of globalization

• Asymmetrical globalization
• Increased tensions and divisions
• Protectionists