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The Structures of Globalization

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37 views18 pages

The Structures of Globalization

Uploaded by

mauvitz.alfoughre
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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The Structure of

Globalization

THE CONTEMPORARY WORLD | CP TANGANCO


1.The Global
Economy
What is economic globalization and what are the impact
to society?
Economic Globalization
➔ The free movement of goods, capital services,
technology, and information.

➔ It refers to the increasing interdependence of world


economies as a result of the growing scale of cross-
border trade of commodities and services, flow of
international capital and wide and rapid spread of
technologies

5
ECONOMIC
INTEGRATION
The process or arrangement between regions to reduce or
eliminate trade barriers and to coordinate monetary or fiscal
policies with common purpose of increasing the trade to
those countries involved.

Thoughts:

1. Improve the allocation of Natural Resources


2. Promote Technology Transfer
3. Enhance living standards

6
Factors of
Economic
Integration
1. Regional Integration
2. Trade Liberalization
3. Foreign Direct Investment
4. Privatization
5. Deregulation

7
Barter Trade System
➔ It is an old method of exchange. This system has been
used for centuries and long before money was
invented. People exchanged services and goods for
other services and goods in return.

➔ Example: Philippines with Chinese and Arabs

8
Mercantilism
➔ Was an economic system of trade that
spanned from 16th century to the 18th century.
➔ Based on the idea that a nation’s wealth and
power were best served by increasing exports
and so involved increasing trade.

9
Gold
Standard
A gold standard is a monetary
system in which the standard
economic unit of account is
based on a fixed quantity of gold.
The gold standard was widely
used in the 19th and early part of
the 20th century.
10
Timeline of Industrial Revolution
11
Key Players / Actors
Globalization
International Large Manufacturing
Organizations: Corporations:
1. Intergovernmental 1. Multinationals
2. Supranational 2. Transnationals
3. Non-Governmental
International Organizations
The major players in the nation-state. It promotes voluntary cooperation and
coordination.

NON-
INTERGOVERNMENTAL SUPRANATIONAL
GOVERNMENTAL
ORGANIZATION ORGANIZATION
ORGANIZATION

13
Intergovernmental
Organization
➔ An entity created by treaty, involving
two or more nations, to work in good
faith, on issues of common interest.
➔ It is composed of nation-states that
promote VOLUNTARY cooperation
and coordination among its
members.
➔ Decisions and agreements are NOT
ENFORCEABLE
➔ Members do not surrender any
sovereignty

14
Supranational
Organization
➔ Is a multinational union or association in which
member countries cede authority and sovereignty on
at least some internal matters to the group, whose
decisions are binding its members.
➔ It is composed of nation-states that promote
VOLUNTARY cooperation and coordination among its
members.
➔ Surrender their power in specific areas to the higher
organization
➔ Decisions and agreements MUST be obeyed. They
have often courts to determine the violations
occurred.

15
International Non-governmental
Organization
➔ It is not created by an international treaty of
intergovernmental agreement.
➔ They often focus on a specific issues around the world.
➔ It is NOT-FOR-PROFIT Voluntary associations in which
projects are funded by Philanthropies or through
partial government funding.

16
Multinational
Corporations
➔ Global Corporation
➔ An entity that owns and controls production of
goods or services in one or more countries aside
from there home/origin country

- Multinational Companies own a home company and its


subsidiaries
- Multinational Companies have a centralized management
system
- Multinational Companies will face a barrier in decision
making due to its centralized management system.

17
Transnational
Corporations
➔ Commercial Enterprise that operates substantial
facilities that does business in more than one
country.
➔ Unlike with MNC, No home/origin country

- Transnational companies do not have subsidiaries but just


many companies
- Transnational companies do not have a centralized
management system
- Transnational companies are able to gain more interest in
the local market since they maintain their own system.

18
MINI
DEBATE
Oral activity

19
Six Teams
(Affirmative and Negative)

TOPIC 1 TOPIC 2 TOPIC 3

1. Should nations 2. Should 3. Is economic


prioritize free trade governments growth compatible
policies to promote impose stricter with environmental
economic growth? regulations on sustainability on a
multinational global scale?
corporations to
protect local
industries?
20

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