Understanding Globalization Dynamics

From the study guide

Globalization Revision Sheet

1. 📌 Essentials

  • Globalization: Current stage of worldwide integration driven by technological and informational systems.
  • Milton Santos: Defines globalization as world-wide integration via technical-informational networks.
  • Networks: Comprise fixed infrastructures (roads, ports, satellites) and flows (information, goods, capital, people).
  • Phases:
    • First phase (15th-20th century): Capital expansion, colonization, imperialism.
    • Second phase (post-1970): Digital, real-time, financial globalization.
  • Main aspects: Economic fragmentation, technological advances, political interdependence, cultural flows, social inequalities, environmental challenges, ideological shifts.
  • Space-time compression: Reduced distances via instant communication and logistics.
  • Global inequalities: Reinforced by system hierarchies and selective flows.
  • Trade blocs: EU, USMCA, Mercosur, ASEAN promote regional integration.
  • Neoliberalism: Promotes deregulation, privatization, free markets.
  • Resistance: Anti-globalization, protectionism, sovereignty advocates.

2. 🧩 Key Structures & Components

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Practice quiz preview

1. According to Milton Santos, how is globalization characterized?

2. Which of the following best describes the second phase of globalization that began post-1970?

3. What is the primary focus of the course on globalization?

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Flashcard preview

Phases — 15th-20th century?

Capitalist expansion, colonization, imperialism

Globalization — definition?

World-wide integration via tech-informational systems

Networks — components?

Fixed infrastructure and circulating flows

Globalization — definition?

Worldwide integration of systems and flows.

Networks — components?

Infrastructure and flows of info, goods, capital, people.

First phase — time period?

15th to 20th century.

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