Globalization in Explainity Video vs. Leo Panitch’s Video

Globalization in Explainity Video vs. Leo Panitch’s Video
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What are the differences in how globalization is examined/presented in the Explainity video vs. Leo Panitch’s video. What are the similarities?
Differences
The Explainity video

Leo Panitch’s video

* It presents globalization as an accidental phenomenon.

* It presents globalization as states’ created phenomena

It results from advancements in technology such as mobile phones, aircrafts, and the internet, enabling people and countries to trade information and goods swiftly and without complication (Explainitychannel, 2013).

* It is characterized by markets escaping from different states by engaging in cooperation and instituting economic measures that enable countries to trade together(Howard, 2013).

It argues that globalization thrives by exchanging goods, services, knowledge, culture, and language, bringing the world together (Explainitychannel, 2013).

* It argues that globalization thrives through the intervention of present financial crises. For example, The New Deal, implemented after WWII, saved free enterprises and the banking sector (Howard, 2013).

* Economically development

* Politically driven

The two perspectives on globalization are similar in their belief that for globalization to thrive, countries must work together. The countries exchange goods, services, culture, language, shared trade agreements, and state cooperation treaties, making integration, financial revamping, and economic development easy.
The different perspectives of globalization make us observe the process from the other dimensions that drive it. For example, from an economic perspective, globalization is the interdependence of world economies through over-the-border trade, while from a political perspective, it is the integration of world political systems.
How do these narratives fit with assigned readings for Week 5 (which narrative do the course readings support, examine how)?
The Explainity video defines globalization as the world coming together due to technological advances such as the internet and mobile phones, which enable people and nations to exchange services, goods, and information quickly (Explainitychannel, 2013). Like in our week five lecture, globalization theories agree that technological progress propelled modern globalization towards economic integration. The ...