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    Global Economy

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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 and integration of world economies through cross-border trade, flow of capital and technology. Key actors that facilitate economic globalization include nation-states, global corporations, and international organizations like the WTO, IMF, and other international financial institutions that work to promote trade, development, and poverty reduction.

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    © All Rights Reserved
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    Global Economy

    Uploaded by

    Kennyben Gallogo
    1K views19 pages
    The document discusses the global economy and economic globalization. It defines world system theory and economic globalization as the increasing interdependence and integration of world economies through cross-border trade, flow of capital and technology. Key actors that facilitate economic globalization include nation-states, global corporations, and international organizations like the WTO, IMF, and other international financial institutions that work to promote trade, development, and poverty reduction.

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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 and integration of world economies through cross-border trade, flow of capital and technology. Key actors that facilitate economic globalization include nation-states, global corporations, and international organizations like the WTO, IMF, and other international financial institutions that work to promote trade, development, and poverty reduction.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    1K views19 pages

    Global Economy

    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 and integration of world economies through cross-border trade, flow of capital and technology. Key actors that facilitate economic globalization include nation-states, global corporations, and international organizations like the WTO, IMF, and other international financial institutions that work to promote trade, development, and poverty reduction.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 19
    At a glance
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    The passage discusses world system theory, economic globalization, actors that facilitate economic globalization such as nation-states and global corporations, and impacts of market integration.

    World system theory attempts to explain the effects of modernization on different parts of the world, while economic globalization refers to the increasing interdependence of economies through cross-border trade, capital flows, and spread of technology.

    Major actors that facilitate economic globalization include nation-states, global corporations, and international organizations like the World Trade Organization and International Monetary Fund.

    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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