Chapter Globalization in Economy

GE:CW
THE CONTEMPORARY WORLD
Instructor:
Toniche C. Ustares, MPA
Reporters
Bea Kathleen Balladares

Princess Kaela Locairo
Mark Jerick Maceda
Ralph Lorenz Vallite
Justane Villarendo
Christine Bustane
Garry Villaverde
Nikka Sabanal
Andrew Cinco
Carl Cardejon
THE STRUCTURES OF GLOBALIZATION
Section 1: Global Economy
What is Global Economy?
 Globalization is a phenomenon that fosters connections
on the levels of the economy, politics, culture,
World Economy and even technology.

Economic globalization refers to the expanding
interdependence of world economies.
 Economic globalization refers to the increasing
integration of economies
around the world, particularly through
the movement of goods, services,
and capital across borders.
GLOBAL ECONOMY
We live in a
GLOBAL ECONOY
People who use the phrase "We live in a
global economy" are referring to how
interdependent different countries are
Some people use the term to refer to,
for example, banking and finance,
which today has no national
boundaries.
If a giant bank in one country
collapses, banks in other countries also
When we are talking about suffer. In fact, whole economies might
GLOBAL ECONOMY we’re refering… suffer.
Two types of
GLOBAL ECONOMIES
PROTECTIONISM
Creating trade barriers to protect
one's economy from foreign
competition.
TRADE LIBERALIZATION
Lowering trade barriers to
facilitate international trade
between countries
TRADE BARIERS
- Required fees on imports/exports of goods
Importation of Candy from Country A to Country B
Candy Tariff of 5pesos Candy

on imported candy
P1.00 P6.00
Country A Country B
What are the various ways to make trade easier
Free Trade
Trading of goods and services between two or
more countries without tariffs or taxes.
Trade Bloc
Agreement between government to reduce or
eliminate trade barriers.
Outsourcing
Manufacturing jobs transfer from developed
nations to developing nation reduce the cost of
product
SECTION 2
Market Integration
Market Integration
Market integration occurs when prices among different
locations
or related goods follow similar patterns over a long
period of time.
Groups of goods often move proportionally to each other
and
when this relation is very clear among different markets
It is said that the markets are integrated.
MARKET INTEGRATION
Ulric Koester
is a state of circumstances
or a process in which various
national economies
are combined to form larger
economic regions.
Two types of Market Integration
Positive Negative
• eliminates non-tariff and tariff • modifies internal policies and
trade barriers as a primary institutions by establishing
strategy for market integration international agreements
Forms of Market Integration
Preferential Agreement
Free Trade Areas
Customs Unions
Common Market
Economic Union
Preferential Agreement
• Lowers trade barriers between the nations

that have signed the accord
• Remove barriers to trade between members
and offer preferential access to markets on a
reciprocal basis
Free Trade Areas
• Eliminates all trade obstacles between members; nonetheless,
each member determines the external tariff rate for trade with
non-members.
Custom Unions
• This arrangement, nations consent to remove all
tariffs and non-tariff restrictions on the
movement of products between them.
Common market
It allows for free movement of labor and capital
within the member countries.
Economic Union
A deal between two or more countries that permits unrestricted
trade in products, services, money, and labor.
To foster this unified market, the nations
may also coordinate their social and financial policies.
SECTION 3
THE GLOBAL INTERSTATE SYSTEM

Global Interstate System
Competing
and Human Interaction
Allying States
Weber (1997) describes the state as a compulsory political
organization with a centralized government that
maintains the legitimate use of force within a certain territory.
On the other hand, the concept nation emphasizes the organic ties
that hold groups of people together and inspire a sense of loyalty
and belonging i.e, ethnicity, language, religion,
and others (Schattle,2014).
Combining these two, a nation state can then be defined as a

political community that emanates from civic society
to legitimately execute peace. Thus, the civic society
is the basis of the peoples on eness.
Effects of Globalization on Nation-state
1. Globalization is seen to impose a forced choice upon nation

states.
2. Establishment of economic and political integrations.
3. Establishment of international laws and principles.
4. The rise of transnational activism (TNA).
5. Creation of new communications network.
The Global Governance in 21st Century
PEACE and STABILITY

Ideas
Technologies
Tools
Attitudes
Social Networks
Governance
-In its most ambitious and forward looking form
- Global International creates a International Social Fabrics
International Social Fabric

- Is the relation and connection we
make in one country to another
SECTION 4
Contemporary Global Governance
CONTEMPORARY GLOBAL GOVERNANCE
the way in which the global affairs is being managed and addressed .
How global governance is related in contemporary?

it addresses the importance of the designating laws , rules and regulation that
governing political economic social and cultural issues .
Why do we need global governance?

it is aimed to end armed conflict , violence and sustain a global peace and
security ; etc.
What is United Nations?

United nation is founded in 1945 after the World War II by 51
countries to maintain international peace and security.
What is the top leading Institution in charge of global governance.
Six organs of United Nations
1.1 General assembly
1.2 Security Council
1.3 Economic and social council
1.4 Trusteeship council
1.5 International court of justice
1.6 Secretariat
Summary
Millennium Development Goals was set to promote sustainable
development. In 2015. this was changed into the Sustainable
Development Goals (SDGs). These goals are the blueprint to achieve a
better and more sustainable future for all. This collection of 17 global
goals covers and economic issues including poverty; hunger, health,
education. global warming, gender equality, water sanitation, energy
urbanization, environment, and social justice.
Contemporary global governance defines the political scope of
globalization. Cooperation among nation-states is the only way to reform
and advance the roles and functions of interstate relationships despite real
challenges being faced by United Nations.
THAT’S THE END OF THE DISCUSSION!!!

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GE:CW

THE CONTEMPORARY WORLD

Bea Kathleen Balladares

World Economy and even technology.

Candy Tariff of 5pesos Candy

Free Trade Areas

• Lowers trade barriers between the nations

THE GLOBAL INTERSTATE SYSTEM

Combining these two, a nation state can then be defined as a

1. Globalization is seen to impose a forced choice upon nation

PEACE and STABILITY

International Social Fabric

How global governance is related in contemporary?

Why do we need global governance?

What is United Nations?

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