Republic of the Philippines

Universit of Rizal System

Morong, Rizal
College of Science

Subject Title: The Contemporary World

Names of Presenters: : Mary Chiles Mangaoang

Julianne Clopino

Marvelous Santo Domingo

Course: BS Psychology and BS Biology

Year and Section: 1-C1/1-A1/1-A2

Professorial Instructor: Dr. Van Russel A. Robles

Topic: Actors of Economic Globalization

I. Objective
1. Identify the factors that keeps the relevance of a state amid globalization:

II. Statement of the Problem

1. What are the factors that affects the relevance of a state amid globalization?

III. Introduction
The globalization and nation-states are the phenomena for which are not
considered to contradict each other but it has a big part of the same
composition of the contemporary capitalism. Global Capitalism constitutes the
economic system characterized by the opening of all national markets and a
fierce competition creates a large effect to a state for which it affects its
relevance and strength

IV. Content
 Effects of Globalization to a state-
 Globalism- the operation or planning of economic and foreign policy on a
global basis.
 Nation-state-a sovereign state whose citizens or subjects are relatively
homogeneous in factors such as language or common descent.
 Financial Globalization-Financial globalization is an aggregate concept that
refers to increasing global linkages created through cross- border financial
flows
 Republic of the Philippines
Universit of Rizal System
Morong, Rizal
College of Science

 Nationalism- identification with one's own nation and support for its interests,
especially to the exclusion or detriment of the interests of other nations

V. Reflection

If the state refers to a country or nation, then its relevance in geopolitical

terms will remain the same for a while. Any change that happens will be
gradual and unnoticed. These trade deals are tricky since giant corporations
that run everything do have the power to control governments in subtle ways.
There are agreements signed by parties that allow corporations to sue
governments if their needs aren’t met. For example, a contract may be signed
by the two sides (the state and company) wherein if the workers of an
international company decided to conduct a demonstration or a boycott, that
company has the right to sue the host government for billions, which will be
paid by the taxpayers by way of government reducing social services. These
tactics are unknown to the public and may even refuse to believe it if you told
them that.

VI. References

Beck, ulrich (1997 [2000]) What is Globalization?  Cambridge: Polity

Press, 2000 (Original German edition, 1997).

World Bank (2002) Globalization, Growth, and Poverty. Washington and

Oxford: World Bank and Oxford university Press.

Ohmae, Kenich (1990) The Borderless World. New York: HarperCollins

Publishers