write a reflection paper about each of the lessons we tackled.

Topic 1: 

Lesson No. 1: Introduction to Globalization 

• Theories of Globalization - World Systems Theory, Modernization Theory, Dependency Theory
• Ways at looking at Globalization - Hyper Globalist Perspective, Skeptical Perspective, Transformational Perspective

Lesson No. 2: Core Claims and Drivers of Globalization

1. Globalization is about the Liberalization and Integration of Markets 

2. Globalization is Inevitable and Irreversible 

3. Nobody is in charge of Globalization 

4. Globalization Benefits Everyone 

5. Globalization furthers the spread of Democracy in the World 

6. Globalization requires War on Terror

 

Topic 2:

Lesson No. 3: Classification of Concepts of Globalization

• Kinds of Globalization - Economic, Social, Cultural, Political, Environmental, Technological

Topic 3:

Lesson No. 4: Institutions and Development

• What do economists mean, when they talk about good institutions? (Property Rights, Honest Government, Political Stability, Dependable Legal System, Competitive and Open Markets)

Lesson No. 5: Importance and Outcomes of Institutions and Development

• Importance of institution, Economic Development Depends on Two Factors - Economic (Traditional Approach, Growing Economy Approach), Non-Economic (are the elements which have no direct effect upon the economy of the country)