The Contemporary World: CHALLLENGES FROM NATIONAL/IDENTITY MOVEMENTS GLOBAL ECONOMICS

1. THE GLOBAL INTERSTATE
SYSTEM
TE ANN L. ILDEFONSO

2. Agenda:
CHALLENGES FROM
NATIONAL/IDENTITY MOVEMENTS
GLOBAL ECONOMICS

3. CHALLENGES FROM
NATIONAL/IDENTITY MOVEMENTS
The next challenges are part of the national
identity or movement. It is important to know that a
nation has cultural identity that people attached
to, while state is a definite entity due to its specific
boundaries. However, different people with
different identities can live in different in states.

4. CHALLENGES FROM
NATIONAL/IDENTITY MOVEMENTS
In 2014, Great British had a vote in Scotland decide
whether Scotland was going to become its own
autonomous state apart from Great Britain. They voted
against it, but Scotland has a significant degree of
autonomy now as compared to more than two decades
years ago. Global movements, such as the AL-Qaeda and
ISIS, are another example of national or identity
movements. In this case, they are structed around the
fundamentalist version of Islam.

5. GLOBAL ECONOMICS
• The third major source of challenge comes from the global
economics. Global economy demands the states to conform to
the rules of free-market capitalism, Government austerity comes
from developments of organization that cooperate across
countries, such as WTO and regional agreements, such as
NAFTA, the European Union (EU), and the Association of
Southeast Asian Nations (ASEAN).

6. GLOBAL ECONOMICS
• Neoliberal economics or neoliberal capitalism started in 1980s.
• IMF ( international monetary fund),
• Greece is one example that explains how neoliberal economics can
threaten the sovereignty of a state.
• In 1981, when Greece joined the EU.
• Twenty years later, Greece adopted the euro as its own currency and
got rid of the drachma.

7. GLOBAL ECONOMICS
• In 2009, their credit rating dropped which made it harder for them to
pay back their debt.
• IMF, bailed them out from the crisis in exchange for more austerity.

8. THANK YOU! ☺️