By: Jenny F. Geraldizo Chenee Babe Germino

 Globalization has a various aspects which affect the world of way (San Juan, et al 2007)

 1. Industrial globalization, trans- nationalization Rise and expansion of multinational, transnational enterprises. Movements of people, including tourist, immigrants, refugees and business trevellers

 Financial globalization  Emergence of worldwide financial market  Better access to external financing for corporate, national,sub national barrower.  Global flows of money  Often driven by interconnected currency market  Stock exchanges and also commodity market

 Political globalization  Global spread of ideas and political ideologies  Potential formation of global citizen movement  Evidenced when government create international rules  Institution which deals with trade, human rights and environment.

 Informational globalization  Increase information flows between geographically remote location  Global distribution of media images through computer screen, newspaper, television and radio.

 Cultural globalization  The growth of cross-cultural contacts  Better understanding, appreciation of cultural diversity and plurality  Movements of technology around the globe  Greater international exchange  Spreading of multiculturalism

 Globalism  Universal, internationalist impulse that the world is connected.  Connection between cultures, nations, and peoples, embodies cultural diffusion  Desire to consume and enjoy foreign products  Adopt new technologies and practices  Participate in “ world culture”

REFERENCES : msandissues/a/globalization.htm /.