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  A Brief Review
Osama in the Globalized World
 Telecasting        from a cave
    – The contradictions: the outfit, AK-47, etc.
 CNN and Al-Jazeera collaborating
 Osama and international arm trade
       Economics of terrorism (and crime)
   Globalization and Terrorism
    – Has globalization encouraged radical ideologies?
    – Is globalization responsible for the spread of such
    – Has globalization made the job of terrorists easier?
Another crack at defining
A continues process leading to free
movements and transfers of goods and
services and factors of production as well as
information and technology across national
borders aided and supported by national and
international market oriented economic,
political, and legal institutions in an
economically, politically, and socially
interconnected and interdependent world.
    The Characteristics of Today’s
        Globalization Process
 New and growing social networks overcoming
  traditional economic, political, cultural, and
  geographic boundaries
 Expansion of social relations, activities, and
 Intensification and acceleration of social
 Globalization of human consciousness; people
  becoming conscious of global interdependence
    The Elephant in the Room
 A multi-dimensional phenomenon:
 Economic dimension
    Free trade vs. protection
    The old equity and efficiency dilemma
    Economy and the environment
 Political dimension
 Social dimension
 Cultural dimension
 Information and knowledge dimension
            The role of media
     The Economic Dimension
 From the prehistoric period to the modern time
 The post-WWII period before the 1980s;
  government activism; Marshall plan, GATT, IMF,
  World Bank, etc.
 The collapse of USSR and the emergence of the
  new (neo-liberal) economic order with China as
  major player; trade and financial liberalization,
  worldwide economic growth, concerns about
  income and wealth distribution; enhanced roles
  of international economic institutions
          Political Dimension
 Nation states and their origins
 International norms and laws
 Nationalism, international disputes and wars
 State Sovereignty and intergovernmental
 International organizations and treaties
 Globalization and national sovereignty: national
  governments losing their control over their
  relationships with other states (and in some
  cases their domestic affairs) and yielding to
  multinational and international organizations and
  multinational economic powers
 Are nation states becoming a thing of the past?
         The Cultural Dimension
 What constitutes “culture?”
 Do cultural interactions and exchanges lead to
      From blue jean, rock n role, and McDonald’s to Starbucks
       and I-pods
      Why are most cultural conversions seem to favor Western
       cultural phenomena?
      The role of commerce
      Western culture and democracy
      The role of media; media concentration
      Globalization of languages
      Cultural conversions and the environment
    The Discontents with Globalization
   While benefiting many in different parts of the world the
    globalization process has led to the disfranchisement of the
    poorest of the poor in many developing countries as well as
    some developed countries resulting in a widening gap
    between the poor and the rich.
   In their efforts to adhere to the prescribed economic and
    financial liberalization (promoted and managed by the
    West) many governments in the developing world have
    curtailed or abandoned numerous social programs essential
    to their economic development. (Education, healthcare,
   Insufficient concern for regional and global environment
    has put many populations as well as the world as a whole
    at risk while at the same time national governments find
    themselves weakened, by a combination of economic and
    political pressures from within and without, in dealing with
    environmental consequences of globalization.
       Discontents (continued)
 The interaction between political and economic forces in
  managing the globalization process seems to have been
  directed more by politics than by economics.
 The unfair (excessive) influence of the powerful interest
  groups, particularly the ones in the West, in setting the
  rules of the game and shaping the global economy;
  these rules have in some cases made the poorest
  countries worse off.
 The conflicts (and competition) between small local
  businesses and large multinationals often have led to the
  disappearance of the former.
 The economic system (American style capitalism) forced
  upon developing countries is not appropriate for many of
  them and has in fact harmed large segments of their
        Discontents (continued)
   The international organizations (WB, IMF,
    WTO, etc.) managing the globalization
    process are run by appointed (non-
    elected) officials mostly from rich
    countries whose sensitivity to the
    problems and needs of developing
    countries is at best limited. Policies and
    decisions undertaken by these
    organizations tend to favor the political
    and economic interests of the rich
    countries their corporate citizens.
        Discontents (continued)
   The globalization process is being run in
    very undemocratic ways. The rules and
    policies are made by appointed officials
    mostly from western countries who are
    not accountable to even those countries’
    electorates. Developing countries that are
    most affected by the actions and decisions
    of the managing international
    organizations have little or no say in the
    policy making process.

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