2. GLOBAL ECONOMY
▪The Global Economy
▪Key Players/Actors in Globalization
▪Modern World-System
▪Global Economic Integration
3. The Global Economy
Economic Globalization (Mohan 2009)
▪ refers to the free movement of goods, capital,
services, technology and information.
▪ it results to an increasing economic integration and
interdependence of national, regional, and local
economics around the world by strengthening the
cross-border movement of goods, technologies and
capital.
4. Key Players/Actors in Globalization
International Organization
▪ Promotes voluntary cooperation and
coordination between or among members
(McCornick 1999)
▪ categorized either Intergovernmental or
Supranational organizations
5. Key Players/Actors in Globalization
Intergovernmental Organizations (IGO)
▪ composed of nation-states that promote
voluntarily cooperation and coordination among its
members.
Supranational Organizations
▪ Member states either global or regional, they
surrender their power in specific areas to the higher
organization
▪ this is an entity where member states formed for
mutual benefit and in pursuit of shared goals
6. Key Players/Actors in Globalization
International Non-governmental Organizations
▪ tries to help in alleviating the problems
as hunger, disease, illiteracy and inequalities.
7. Key Players/Actors in Globalization
Large Manufacturing Corporation
▪ consist of multinationals and transnationals
▪ these corporations sells goods and
manufactured products
8. Key Players/Actors in Globalization
Multinational Corporation (MNC)
▪ known as global corporation
▪ entity that owns and controls production of
goods or services in one or more countries
aside from their home country.
▪ Ex. Procter and Game, Apple Inc, Nestle,
Jollibee, Microsoft, Coca Cola and etc.
9. Key Players/Actors in Globalization
Transnational Corporation (TNC)
▪ commercial enterprise that operates
substantial facilities that does business in
more than one country.
• Ex. Ford Motor, AXA,Vodafone Group,
Walmart, Starbucks,Toyota and etc
10. Key Players/Actors in Globalization
Media
▪ Media are the communication outlets or tools
used to store and deliver information or data.
▪ The term refers to components of the mass
media communications industry, such as print
media, publishing, the news media,
photography, cinema, broadcasting (radio and
television), and advertising.
11. Key Players/Actors in Globalization
Multilateral Development Banks
▪ Multilateral development banks are
international financial institutions owned by
countries.
▪ These institutions provide loans, grants,
guarantee, private equity and technical
assistance to public and private sector
projects in developing countries
12. Key Players/Actors in Globalization
Nation-States
▪ Nation-states refer to a certain form of state
that derives its political legitimacy from
serving as a sovereign entity for a nation
within its sovereign territorial space.
14. ModernWorld-System
The world-systems theory, developed by
sociologist ImmanuelWallerstein, is an approach
to world history and social change that suggests
there is a world economic system in which some
countries benefit while others are exploited.
16. What Is Economic Integration
▪ Economic integration is an arrangement among
nations that typically includes the reduction or
elimination of trade barriers and the
coordination of monetary and fiscal policies.
▪ Economic integration aims to reduce costs for
both consumers and producers and to increase
trade between the countries involved in the
agreement.
18. RUBRIC
Full participation
▪ students filled in the chart in
a clear and consistent
manner.
Substantial Participation
▪ students filled in the chart
and do so in a somewhat
consistent manner.
Little or Partial Participation
▪ students have difficulty in
the chart consistenly.
