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    TCW Module 2 Section 1 Global Economy

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    Joerick Lazaga
    The document discusses economic globalization and its key actors. It defines economic globalization as the increasing integration of economies around the world through movements of goods, services, and capital across borders. It identifies the major actors that facilitate economic globalization as nation-states, global corporations, international monetary systems, and international financial institutions. These actors include multinational corporations, transnational corporations, international organizations like the IMF, World Bank, and regional development banks.

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    TCW Module 2 Section 1 Global Economy

    Uploaded by

    Joerick Lazaga
    135 views17 pages
    The document discusses economic globalization and its key actors. It defines economic globalization as the increasing integration of economies around the world through movements of goods, services, and capital across borders. It identifies the major actors that facilitate economic globalization as nation-states, global corporations, international monetary systems, and international financial institutions. These actors include multinational corporations, transnational corporations, international organizations like the IMF, World Bank, and regional development banks.

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    TCW-Module-2-Section-1-Global-Economy

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    The document discusses economic globalization and its key actors. It defines economic globalization as the increasing integration of economies around the world through movements of goods, services, and capital across borders. It identifies the major actors that facilitate economic globalization as nation-states, global corporations, international monetary systems, and international financial institutions. These actors include multinational corporations, transnational corporations, international organizations like the IMF, World Bank, and regional development banks.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    135 views17 pages

    TCW Module 2 Section 1 Global Economy

    Uploaded by

    Joerick Lazaga
    The document discusses economic globalization and its key actors. It defines economic globalization as the increasing integration of economies around the world through movements of goods, services, and capital across borders. It identifies the major actors that facilitate economic globalization as nation-states, global corporations, international monetary systems, and international financial institutions. These actors include multinational corporations, transnational corporations, international organizations like the IMF, World Bank, and regional development banks.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 17

    URDANETA CITY UNIVERSITY

    COLLEGE OF ARTS AND SCIENCES


    SOCIAL SCIENCE DEPARTMENT
    1ST SEMESTER A.Y.2021-2022

    The Global Economy


    Structures of Globalization

    Economy
    Politics
    Culture
    2.1 The Global Economy

    LESSON OUTCOMES:
    At the end of this lesson, the learners are expected to demonstrate
    the following:
    • Define economic globalization
    • Analyze the actors that facilitates economic globalization
    • Articulate a stance on global economic integration
    LESSON PROPER:

    Globalization

    Worldwide interconnectedness in all aspects of the


    contemporary social life.

    It is a multidimensional phenomenon.

    Economic dimension is one of the major driving force.


    DISCUSSION POINTS

    ECONOMIC GLOBALIZATION
    The Global Economy
    It is a historical process.
    It is the increasing integration of economies
    around the world through movements of goods,
    services, and capitals across borders.
    Transportation and Communications Revolution
    DISCUSSION POINTS
    The Global Economy
    ECONOMIC GLOBALIZATION
    “ The process of making the world economy an
    “organic system” by extending transnational
    economic processes and relations to more and
    more countries and by deepening the economic
    interdependency among them.
    Szentes (2003)
    DISCUSSION POINTS
    Attributes of Economic Globalization
    1.The globalization of trade of goods and services.

    2.The globalization of financial and capital markets.

    3.The globalization of technology and


    communication.

    4.The globalization of production.


    DISCUSSION POINTS

    The Actors of economic globalization

    • Nation-states
    • Global Corporations
    • International Monetary Systems
    • International Financial Institutions
    DISCUSSION POINTS
    The Actors of economic globalization
    Nation-states

    For hyper globalists, nation-states ceased a primary economic organization.

    People consume highly standardized global products and services produced


    by global corporations in a borderless world.

    There is no national product and national companies.


    DISCUSSION POINTS

    The Actors of economic globalization

    Global Corporations

    - Multinational corporations

    - Transnational corporations
    DISCUSSION POINTS

    The Actors of economic globalization


    International Monetary Systems (IMS)

    - Rules, customs, instruments, facilities, and organizations for


    effecting international payments

    - Facilitates cross-border transactions involving trade and


    investments
    DISCUSSION POINTS

    The Actors of economic globalization

    The Gold Standard


    In the 19th century, UK, France, USA, Italy, Germany and other European nations
    adopted the Gold Standard as a fixed exchange rate regime until the 1930s.

    Bretton Wood Standards


    It adopted the gold-dollar exchange standard. Various currencies were fixed to
    the US dollar until 1971.
    - International Banks for Reconstruction and Development
    - International Monetary Fund
    DISCUSSION POINTS

    The Actors of economic globalization


    European Monetary Integration
    - Germany, France, Italy, The Netherlands, Belgium and Luxembourg
    created a common market where goods and services, capital and labor
    moved freely
    - European Economic Community, 1957
    - European Monetary System, 1979
    - European Exchange Rate and Monetary Union, 1992
    - European Central Bank, 1999
    - EURO as a reserved currency
    DISCUSSION POINTS

    The Actors of economic globalization


    International Financial Institutions
    - World Bank
    - International Monetary Fund
    - Asian Development Bank
    - African Development Bank
    PROCESSING QUESTION:

    Now, does global economic integration bring more harm or not?

    Articulate your stance.


    END . .. …

    THANK YOU FOR LISTENING!

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