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  • Diagram Illustrating The Globalization Concept and Process

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    This document provides a diagram illustrating the concept and process of globalization. It shows that globalization has progressed through stages like colonialism and imperialism and is now facilitated by international organizations like the WTO, IMF, and World Bank as well as technological innovation, neo-liberal ideology, and multinational corporations. The diagram defines globalization as the growth of political, economic, social, and cultural relations across borders through characteristics such as increased world trade and integration of markets.

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    This document provides a diagram illustrating the concept and process of globalization. It shows that globalization has progressed through stages like colonialism and imperialism and is now facilitated by international organizations like the WTO, IMF, and World Bank as well as technological innovation, neo-liberal ideology, and multinational corporations. The diagram defines globalization as the growth of political, economic, social, and cultural relations across borders through characteristics such as increased world trade and integration of markets.

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    © All Rights Reserved
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    164 views1 page

    Diagram Illustrating The Globalization Concept and Process

    Uploaded by

    Anonymous hWHYwX6
    This document provides a diagram illustrating the concept and process of globalization. It shows that globalization has progressed through stages like colonialism and imperialism and is now facilitated by international organizations like the WTO, IMF, and World Bank as well as technological innovation, neo-liberal ideology, and multinational corporations. The diagram defines globalization as the growth of political, economic, social, and cultural relations across borders through characteristics such as increased world trade and integration of markets.

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    © All Rights Reserved
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    Diagram Illustrating the Globalization Concept/ Process

    GLOBALIZATION
    Definition:
    The growth and intensification of
    political, economic, social and
    cultural relations across borders.

    STAGES:
    Colonialism Characteristics:
    Imperialism Liberlization of world trade.
    FACILITATORS Formation of regional trading blocs.
    Integration of money and capital
    markets

    World Trade
    Organization
    World Bank
    Objectives: International Monetary Fund (WB)
    Liberlize world trade and create an (IMF)
    open global trading system.

    Principles: Prime Movers:


    Non-discrimination Purpose: Technological innovation
    Most-Favoured Nation Treatment To provide short-term loans to developed Role: Neo-liberal ideology
    (MFN) countries. Make loans to less-developed Transnational and Multi-
    National Treatment Since 1980: approve applications for commercial countries below commercial national Corporations
    Predictability loans from developing countries. interest rates. (TNC/MNCs)
    Set conditions for loans. Approves structural and sector
    adjust loans

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