PREMISE

ASHFAQUE

HISTORICAL FACTS

DANYAL

INTERNATIONAL INSTITUTIONS

NAQASH

NEW INTERNATIONAL ECONOMIC
ORDER

SHEHRYA...
WORLD ECONOMY

It generally refers to the
economy, which is based on
economies of all of the
world's countries' national
e...
HISTORY OF WORLD ECONOMY
Stone era
It is the most preliminary era in which
the trade between the people started.

Classica...
History of world economy
Middle ages
•Agricultural era
•Industrial Revolution

Concept of Global Economy
The concept of wo...
ECONOMIES
OF THE WORLD
Economies of the World in
different periods
• In

the

based

agriculture
economies
the

times

of

eastern countries of t...
An other Historic Fact
In period of World War I & II. Though the
resources of the world wasted a lot . But at the
same tim...
World Economic Order

after WW II

WEO explains the distribution of wealth among
the different regions of the world.
Polan...
Reasons of
Economic Disorder
The tilt of wealth is towards the countries
who have better technology to utilize the
resourc...
Motto
"The economic
health of every
country is a
proper matter of
concern to all its
neighbors, near
and far."

Bretton Wo...
Role of
International
Institutions
International Monitory Fund ( IMF)

 works to foster global growth and
economic stability.
 provides policy advice and f...
July 1944

World Bank is an International Financial
Institution that provide loans to developing
countries for capital pro...
The International Organization that
Governs the rule of Trade between
Nations







Administer WTO trade agreements...
Criticism
Criticism on these international
organization
• Tough conditions for developing countries
• are fundamentally undemocratic...
New International
Economic Order
New World Economic Order
The New International Economic Order (NIEO)
was a set of proposals put forward during the
1970s b...
Tenets of New World Economic Order
 Active assistance to developing countries
by the whole international community, free
...
Cont…
 The right of every country to adopt the economic
and social system that it supposes the most
appropriate for its o...
Role of Big Economies
At the forum of general assembly of
UNO all the countries along with
big Dolphins show a great inten...
Examples of brutality of big
Dolphins
European Economic Community (1957)
Its aim was to bring about economic integration
a...
Example of brutality of Big
Crocodiles
Formation of WTO(1995)
Different strategies for developing and developed countries
...
CURRENT
SCENARIOS
Current scenario of wealth around the
world & economic Disorder
Current scenario of wealth around the
world & economic Disorder
Distribution of Resources
America
Bases on which countries
•have high technology
are sustaining.?
•Got emulation markets
E...
Is New World Economic order a
dream come true……??
The core meaning of NWEO is to bring the Less
Developed and Under Develo...
Some suggestion to the World
BIG BROTHERS
• by
favoring
true
economic
decolonization, including the right to
diversified,
...
Some suggestion to the World
BIG BROTHERS
• by expanding the participation of
the Third World in the daily
operations of t...
Supposed Structural changes
• Promote planed international
markets:
There should be some authority who is
to regulate the ...
Technology transfer
• fulfilling the increasing training needs:;
• research for technology and production systems adapted ...
Other Suggestions
• Moderate exchange rate system
• Management of natural resources
• Concept of world Oil Management
Corp...
World econmy
World econmy
World econmy
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World econmy

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World econmy

  1. 1. PREMISE ASHFAQUE HISTORICAL FACTS DANYAL INTERNATIONAL INSTITUTIONS NAQASH NEW INTERNATIONAL ECONOMIC ORDER SHEHRYAR CURRENT SCENARIOS CONCLUSION SULTAN SULTAN
  2. 2. WORLD ECONOMY It generally refers to the economy, which is based on economies of all of the world's countries' national economies.
  3. 3. HISTORY OF WORLD ECONOMY Stone era It is the most preliminary era in which the trade between the people started. Classical era Followings were the important steps forwards • Expedition and long distance commerce • External trade with the Roman Empire • The introduction of coinage • Developments in economic awareness and thought
  4. 4. History of world economy Middle ages •Agricultural era •Industrial Revolution Concept of Global Economy The concept of world economy was given by Adam smith in 1776 Modern period (period of technology) This is the period of modern technology in which robotic machines are there in each department of life. From manufacturing to entertainment
  5. 5. ECONOMIES OF THE WORLD
  6. 6. Economies of the World in different periods • In the based agriculture economies the times of eastern countries of the world was dominant and Sub-Continent was known as Golden Sparrow • While after the industrial revolution the western economies got strength and with the revolution is the field of IT, most of the countries were standing no where in the economic run between the countries
  7. 7. An other Historic Fact In period of World War I & II. Though the resources of the world wasted a lot . But at the same time production got highest point as well. Big developments in the industrial sector came in the same period. While at the same time most of the eastern countries were fighting with evils of colonial system deeply rooted in their area…. And yet doing the same. So the tilt of whole economic growth was towards west
  8. 8. World Economic Order after WW II WEO explains the distribution of wealth among the different regions of the world. Polanyi had predicted in 1944, that • The post war, world market system would no longer be self-regulating. • Not a new Gold Standard but adjustable & pegged will be required • A ‘more conscious effort in international management’ of the world economy will be necessary
  9. 9. Reasons of Economic Disorder The tilt of wealth is towards the countries who have better technology to utilize the resources in optimal way. The developed countries get the resources from the under developed countries in raw form. And in most of the cases they sell the same material to the under-developed countries after furnishing and charge high cost.
  10. 10. Motto "The economic health of every country is a proper matter of concern to all its neighbors, near and far." Bretton Woods Conference Purpose Conference was held on 8th july 1944 which was attended by 730 delegates from 44 Allied nations at the Mount Washington Hotel in Bretton Woods, N.H. The purpose was to create a system which avoided •World war III •Great Depression II
  11. 11. Role of International Institutions
  12. 12. International Monitory Fund ( IMF)  works to foster global growth and economic stability.  provides policy advice and financing to members in economic difficulties  works with developing nations to help them achieve macroeconomic stability and reduce poverty.
  13. 13. July 1944 World Bank is an International Financial Institution that provide loans to developing countries for capital programs The World Bank’s official goal is the reduction of poverty
  14. 14. The International Organization that Governs the rule of Trade between Nations       Administer WTO trade agreements Forum for trade negotiations Handle trade disputes Monitor national trade policies Technical assistance and training Cooperate with international organizations
  15. 15. Criticism
  16. 16. Criticism on these international organization • Tough conditions for developing countries • are fundamentally undemocratic • Dominated by industrialized countries • trample labor and human rights • are increasing inequality • hurt poor countries in favor of rich nations
  17. 17. New International Economic Order
  18. 18. New World Economic Order The New International Economic Order (NIEO) was a set of proposals put forward during the 1970s by some developing countries through the United Nations Conference on Trade and Development to:  promote their interests by improving their terms of trade  Increase development assistance  Tariff reductions for developing countries
  19. 19. Tenets of New World Economic Order  Active assistance to developing countries by the whole international community, free of any political or military conditions  The need for all States to put an end to the waste of natural resources, including food products  Giving the developing countries access to the achievement of modern science and technology
  20. 20. Cont…  The right of every country to adopt the economic and social system that it supposes the most appropriate for its own development  Secure favorable conditions for the transfer of financial resources to developing countries  Developing countries should be freed to nationalize or expropriate foreign property on conditions favorable to them
  21. 21. Role of Big Economies At the forum of general assembly of UNO all the countries along with big Dolphins show a great intent to bring all the regions of world on the same economic position BUT All the big economies of the world like America and the great Britten have the Sole thought not to let the Eastern Countries to glow and to have the complete charge of Worlds economy. Greed has no limit Even these Economies want to grab the resources of the other under developed economies
  22. 22. Examples of brutality of big Dolphins European Economic Community (1957) Its aim was to bring about economic integration among its six members (Belgium, France, Italy, Luxembourg, the Net herlands and West Germany. Renamed as European Community) EMS-(1979-1993) Actually it was an attempt to prevent the fluctuations of exchange rates among European countries to minimize the risk of loss
  23. 23. Example of brutality of Big Crocodiles Formation of WTO(1995) Different strategies for developing and developed countries Intrigue in other countries American intervention in other countries Other between the line understandings Developed countries have some contracts behind the scene to have dominance on the developing countries
  24. 24. CURRENT SCENARIOS
  25. 25. Current scenario of wealth around the world & economic Disorder
  26. 26. Current scenario of wealth around the world & economic Disorder
  27. 27. Distribution of Resources America Bases on which countries •have high technology are sustaining.? •Got emulation markets Europe • have established foreign markets from the time of colonialism •Good technology to utilize the raw material Middle east •Have oil resources China and India •Have man power Other countries of world •Have resources but in raw form
  28. 28. Is New World Economic order a dream come true……?? The core meaning of NWEO is to bring the Less Developed and Under Developed countries on a situation where they can remain no more under the slavery of Developed countries…….. And can utilize their resources to bring their economy in the run of developed countries. Under the present conditions in looks impossible
  29. 29. Some suggestion to the World BIG BROTHERS • by favoring true economic decolonization, including the right to diversified, complete industrialization, accompanied by effective transfer of the most advanced Western technologies • by compensating the developing nations for the abusive exploitation of their natural resources during the colonial era; • by recognizing their total sovereignty over these resources;
  30. 30. Some suggestion to the World BIG BROTHERS • by expanding the participation of the Third World in the daily operations of the international monetary system; • by encouraging the inevitable rise in the prices of raw materials); • by cancelling the standing debt of the Third World
  31. 31. Supposed Structural changes • Promote planed international markets: There should be some authority who is to regulate the international market Free market is not a favorable • Zero sum gamethe Big Brothers should not seek for the benefits in international trade In short… Ri c h s h o u l d s t o p g e t t i n g
  32. 32. Technology transfer • fulfilling the increasing training needs:; • research for technology and production systems adapted to the LDC • the right of access to subsequent advances in the technology acquired; • the development of joint ventures; • changes in existing regulations (patents and licenses) and the establishment of an international technology transfer code • the creation of an international technology transfer fund; • stringent regulation of "reverse transfer" (exodus of intellectuals to industrialized countries).
  33. 33. Other Suggestions • Moderate exchange rate system • Management of natural resources • Concept of world Oil Management Corporation (WOMC). • Role of UNO • Presentation of LDCs on the international platforms • Pools between LDCs in the international market • Role of CHINA

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