Globalization Ef International Essay

Submitted By SharonLam1
Words: 647
Pages: 3

Globalization
EF International relations class

Introduction and Definition
• How can we define globaliztion?
-> Process by which economies and institutions
develop international influence or start operatin
g on an international scale
• Political economical and cultural/social fields

Historical background
• Does the concept of globalization come from t
he first civilizations or from the modern area?
• Discoveries
• Colonization
• Industrial revolution
• Creation of the United Nations (1945)

What are the perspectives on globalization?

The hyperglobalist perspective:





Globalization as a new epoch in history
Decline of the nation-state.
Denationalized economies.
Different view on whether globalization is goo
d or bad.

The sceptical perspective:
• Fragmented and regionalized rather than glob
al.
• The “golden age” occurred in the 19th century.
• Marginalization of the third world.
• Multinational companies tied to the state.
• The global culture benefits the west.

Transformationist perspective:
• No single cause behind globalization.
• The outcome of globalization is undermined.
• The power of national government is changing
.
• The world’s “architecture” is changing.
• Less determinate understanding of globalizatio
n

Political globalization
• It refers to an increasing trend toward mulitlat
eralism toward an emerging ‘transnational stat
e apparatus’ (Moghan, P.35)
• E.g. NATO, UN, Arab League

United Nations
• The united nations is an international organiza
tion founded in 1945
• Made up of 193 member states
• General assembly: main policy making and rep
resentative organ
• Security Council: works towards the maintena
nce of international peace and security (15 me
mbers, 5 permanent)

• Economical and social council: Body for the co
ordination and policy review on economic, soc
ial and emvironmental issues (54 rotating me
mbers)
• Trusteeship Council: supervision for colonies
(Closed)
• International court of justice: settles internatio
nal legal disputes

• Scretariat: tens of thuosands of people who w
ork for the UN

Economic impact
• National’s economic situations are interdepen
dent
• Rapid international trade
• Measuring economic globalization: GDP

Factor that promote economic globalization






Low transport cost
Telcommunications
Internet Low trade barriers
Increasing role of TNCs
Creation of world economic

World trade Organization
• Located in Geneva, Switzerland
• Established in 1995
• 160 Countires

Objectives:
• Restrict barriers to international trade
• Set a framework for trade policies and revie
w them
• Check global economic policy-making
• Settling disputes
• Assist less developed countried economically
• Outreach

International Monetary Fund
• Created in 1946
• Has 185 members
• Located in the USA

Objectives
• Promote global monetary cooperation
• Guarantee financial stability
• Assist international trade by multilateral paym
ent system
• Follow global economic trends and performan
ce
• Supply a economic