Study Set Content:
can be linked with the rise of a global financial system with international financial exchanges and monetary exchanges.
Financial globalization:
(), for instance, are a great example of the financially connected global world since when one stock market has a decline, it affects other markets negatively as well as the economy as a whole.
Stock markets
information moves almost in real-time, together with the interconnection and interdependence of events and their consequences. People move all the time too, mixing and integrating different societies;
Sociological globalization:
the phenomenon by which millions of people are interconnected thanks to the power of the digital world via platforms such as Facebook, Instagram, Skype or Youtube
Technological globalization:
is the new organization and hierarchy of different regions of the world that is constantly changing. Moreover, with transportation and flying made so easy and affordable, apart from a few countries with demanding visas, it is possible to travel the world without barely any restrictions;
Geographic globalization:
accounts for the idea of considering planet Earth as a single global entity – a common good all societies should protect since the weather affects everyone and we are all protected by the same atmosphere. To this regard, it is often said that the poorest countries that have been polluting the least will suffer the most from climate change.
Ecological globalization:
Positive Aspects of Globalization:
1. improved standard of living
; 2. competition results to low prices and good product quality;
3. developing countries reap benefits without going through the growing pains; 4. governments cooperate to achieve common goals; and
5. greater access to foreign culture creating more choices.
Negative Aspects of Globalization:
1. outsourcing take away jobs;
2. some cultural beliefs fade or disappear;
3. diseases spread;
4. lack of regulation lead to environmental degradation;
5. poor countries adopt policies not applicable to them.
is a community of persons more or less numerous, permanently occupying a definite portion of territory, having a government to which the great majority of people render obedience and enjoys freedom or sovereignty from external control.
State
Elements of a State
People –
Territory
Government
Sovereignty
population Plato, not too small nor great but has no unity
People
the agency through which the will of the state is enforced.
Government –
– the definite portion of the earth over which the state’s jurisdiction extends.
Territory –
types of territory
Terrestrial, aerial, fluvial, maritime
– is the supreme, absolute and uncontrollable power by which an independent state is governed.
Sovereignty
, rule w/in its territory
Internal,
, not controlled by others
External
The state is of divine creation and the rulers were ordained by God to rule. Dictators throughout history used this theory to justify their tyrannical rule.
Divine Right Theory.
. The state was created when some strong warrior imposed his will on the other members of the community. He protects them; they support him.
. Force or Necessity Theory.
The state was formed through the enlargement of the family.
Paternalistic Theory
