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    The Global Economy: Ms. Maribeth M. Cabrejas, Maed

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    Kennyben Gallogo
    The document discusses the global economy and economic globalization. It defines world system theory and economic globalization as the increasing interdependence of world economies through cross-border trade and flow of capital, goods, services, labor, and technology. Key actors that facilitate economic globalization include nation-states, global corporations, and international organizations like the WTO, IMF, and international financial institutions that promote development, poverty reduction, and market integration.

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    The Global Economy: Ms. Maribeth M. Cabrejas, Maed

    Uploaded by

    Kennyben Gallogo
    38 views19 pages
    The document discusses the global economy and economic globalization. It defines world system theory and economic globalization as the increasing interdependence of world economies through cross-border trade and flow of capital, goods, services, labor, and technology. Key actors that facilitate economic globalization include nation-states, global corporations, and international organizations like the WTO, IMF, and international financial institutions that promote development, poverty reduction, and market integration.

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    The document discusses the global economy and economic globalization. It defines world system theory and economic globalization as the increasing interdependence of world economies through cross-border trade and flow of capital, goods, services, labor, and technology. Key actors that facilitate economic globalization include nation-states, global corporations, and international organizations like the WTO, IMF, and international financial institutions that promote development, poverty reduction, and market integration.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    38 views19 pages

    The Global Economy: Ms. Maribeth M. Cabrejas, Maed

    Uploaded by

    Kennyben Gallogo
    The document discusses the global economy and economic globalization. It defines world system theory and economic globalization as the increasing interdependence of world economies through cross-border trade and flow of capital, goods, services, labor, and technology. Key actors that facilitate economic globalization include nation-states, global corporations, and international organizations like the WTO, IMF, and international financial institutions that promote development, poverty reduction, and market integration.

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    The Global

    Economy
    Ms. MARIBETH M. CABREJAS, MAEd.
    Learning Objectives:

    1. Define World System


    2. Define Economic Globalization
    3. Identify the actors that facilitate economic
    globalization and illustrate the value chain of
    Mindanao products
    4. Articulate a stance on global economic
    integration
    Modern World System
    Theory

    - attempts to explain why


    modernization had such a
    wide-ranging and different
    effects on the world.
    Modern World System
    Theory
    Analysis of the history of the
    capitalist world system shows
    that it has brought about a
    skewed development in which
    economic and social
    disparities between sections
    of the world economy have
    increased rather than
    provided prosperity for all

    Immanuel Maurice Wallerstein


    Economic Globalization

    - refers to the increasing


    interdependence of the world
    economies as a result of the
    growing scale of cross-border
    trade of commodities and services
    Economic Globalization

    - flow of international capital


    and wide and rapid spread
    of technologies
    Economic Globalization

    - historical process, the


    result of human innovation
    and technological progress
    Economic Globalization

    - increasing integration of
    economies around the world
    particularly through the
    movements of goods, services,
    and capital across borders
    Economic Globalization

    - refers to movement of
    people (labor) and
    knowledge (technology)
    across international borders
    Economic Globalization
    -has several
    interconnected
    dimensions

    István Benczes
    Economic Globalization

     World Trade Center ( WTO)


     Business Process Outsourcing (BPO)
    World Trade Center ( WTO)

     ensure that the trade flows smoothly ,


    predictably and freely as possible and
    that their primary purpose is to open
    trade for the benefit of all.
    Business Process Outsourcing
    (BPO)

     due to the lower cost of producing


    specific goods or services in our country,
    outsourcing has become a common
    business strategy for many multinational
    firms
    Actors that Facilitate Economic
    Globalization

    1. nation-state
    2. Global corporations
    3. the creation of International Monetary
    System
    Role of IMF

     restore and sustain the benefits of global


    integration by promoting international
    economic corporation
    Market Integration

    - Allows price signals to be transmitted


    from one market to another
    Well-integrated market

     Prices become more stable


     household security is likely to be improved as poor
    households can obtain food at more affordable
    prices
     help avoid localized fod shortages
    International Financial
    Institutions

     play a major role in the social and economic


    development programs of nations with
    developing or transitional economies
     advising on development projects, funding
    and assisting in the implementation of the
    following goals and objectives :
    International Financial
    Institutions

     to reduce global poverty and improve


    people’s living conditions and standards
     to support sustainable economic,
    social and institutional development
    To promote regional cooperation and
    integration

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