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Introduction to Globalization Macdonaldization A Globalizing Asia Case study: - China & India - 4 Asian Tigers: Taiwan, South Korea, Hong Kong, Singapore Shifting global stance towards Asian Markets The importance of Asia Rising problems accompanying a Globalizing Asia

Let us start off with a little joke

Question: What is the truest definition of Globalization? Answer: Princess Diana's death.

.. WHY?

An English princess with an Egyptian boyfriend crashes in a French tunnel, driving a German car with a Dutch engine, driven by a Belgian who was drunk on Scottish whiskey, followed closely by Italian Paparazzi, on Japanese motorcycles, treated by an American doctor, using Brazilian medicines! And this was taken from an American, using Bill Gates' technology which he enjoyed stealing from the Japanese. And you are probably reading this on one of the IBM clones that use Taiwanese-made chips, and Korean-made monitors, assembled by Bangladeshi workers in a Singapore plant, transported by lorries driven by Indians, hijacked by Pakistans, unloaded by Sicilian longshoremen, trucked by Mexican illegal aliens, and finally sold to you.

What exactly is Globalization?

 process of international integration arising from

the interchange of world views, products, ideas, and other aspects of culture.

In simpler terms, globalization refers to

processes that promote world-wide exchanges of national and cultural resources.

Why did globalization take place?

Improvements in transportation Freedom of trade Improvements of communications Labour availability skills

What is Macdonaldization?

term invented by George Ritzerto describe a sociological phenomenon the process of rationalization (breaking down) take a task and break it down into smaller tasks. repeated until all tasks have been broken down to the smallest possible level.

Dimensions of Macdonaldization

Efficiency Calculability Predictability Control through non-human technology

 Globalisation increases awareness of events in

far-away parts of the world. For example, the UK was quickly made aware of the 2004 tsunami tidal wave and sent help rapidly in response.

 Globalisation may help to make people more

aware of global issues such as deforestation and global warming - and alert them to the need for sustainable development.

 The sharing of ideas, experiences and lifestyles

of people and cultures. People can experience foods and other products not previously available in their countries.

 Globalisation operates mostly in the interests of

the richest countries, which continue to dominate world trade at the expense of developing countries.

 Case studies of
1) China 2) India 3) The 4 Asian tigers

Shifting global stance towards Asian Markets

The importance of Asia

Background
sovereign state located in East Asia world's most populous country, with a population of over
1.35 billion. 56 different ethnic groups living in China. majority (94%) are Hans other groups include Tibetans, Mongolians, Uyghurs, Zhuang, Li and Miao languages and customs are quite different from those of the Han.

Background

a country in South Asia the seventh-largest country by area the second-most populous country with over 1.2 billion people the most populous democracy in the world. Indian economy is the world's tenth-largest by nominal GDP third-largest by purchasing power parity (PPP). Following market-based economic reforms in 1991, India became one of the fastest-growing major economies

What can you tell?

 a term used in reference to the highly developed

economies of Taiwan, South Korea, Singapore, and Hong Kong. notable for maintaining exceptionally high growth rates (in excess of 7% a year) and rapid industrialisation between the early 1960s and 1990s.

Asia is set to become an increasingly important engine of growth in the future even as it leads the world out of the worst recession in over half a century.
- International Monetary Fund (IMF)-

 estimated that by 2030, Asias economy will be

larger than that of the United States and European Union combined the regions share of world GDP swelling from a little under 30% closer to more than 40%.

Growth rises, poverty declines

accompanied by a dramatic reduction in
poverty. East Asia and Pacific region: percentage of population living on less than $1.25 a day has dropped from 55% in 1990 to 17% in 2005. figure is predicted to fall a further 10% over the next six years.

Main problems
Social
- security - widening income gap. Environmental - pollution (air/water/land)

THANK YOU AND GOODBYE~