TCW - Lesson 1

Refers to the processes by which more people across large distance become connected in more different ways.

The process through which the constraints of physical space lose their hold on social relations.

Process by which capitalism expands across the globe as powerful economic actors seek profit in global markets and impose their rules everywhere.

Interaction of people and primarily an economic process of integration which has social and cultural aspects as well.

When did globalization has been happening for a long time?

€� a perspective that globalization is essentially the expansion of the capitalist system around the globe.

State remains an important component of world society, but primarily attention goes to the global cultural and organization.

The ______ is indeed new and important, but less homogeneous than world polity. Globalization is a process of relativization.

The process of offering a product or service to a wider section of an existing market or into a new demographic, psychographic or geographic market.

Political activity increasingly takes place at the global level. Under globalization, politics can take place above the state through political integration schemes such as the European Union, the ASEAN integration where Philippines is involved though intergovernmental organizations such as the IMF, the WB, and the WTO.

- Integration through international trade of markets in goods and services as reflected in variety of possible measure (direct measure of barriers such as tariffs and transport costs, trade volumes and price related measures

An on-going process that involves interconnected changes in the cultural and social spheres.

_____ follow rather than lead the way. Globalization is not new as a phenomenon but the word itself took hold only recently which records shows first use in English in 1930 and shows that usage soared suddenly in 1990's.