Contemporary World - Introduction to Globalization, Slides of Economics of Education

Download Contemporary World - Introduction to Globalization and more Slides Economics of Education in PDF only on Docsity! Welcome to THE CONTEMPORARY WORLD Module 1 – Introduction to Globalization Learning Objective: 1. To have a lucid understanding about the Philippines’ natural resources and the creation of goods and services. 2. To study the different dimension of globalization. What is globalization? It is the process through which an increasingly flow of ideas, people, goods and services, technology and capital leads to the integration of economic and societies at a speed unprecedented in effect and outcomes. Manfred Steger His scholarly description of globalization described globalization as the expansion and intensification of social relations and consciousness across world-time and across world space.  “expansion” means the creation of new social networks and the multiplication of existing connections that cut across traditional, political, economic, cultural and geographic boundaries. The Dimensions of Globalization 1. Globalization of Trade Trade 2.Globalization of Technology and Communication 3. Globalization of Financial & Capital Markets 4. Globalization of Production Conclusion: Globalization will help us improve our lives and productivity. We can still keep our nation back by harping upon the outdated ideologies that have become obsolete even in the regions where invented. We should equip ourselves to take maximum advantage of opportunities thrown open by Globalization and help our country to realize its true potential. Nevertheless, the choice is ours. Learning Outcomes: To submit a summary of the group activity in your Google drive folder at 7pm of November 13. label the folder as Lesson 1 GA