The document discusses global economy and sustainable development. It begins by defining global economy as the interconnected worldwide economic activities between countries that can have positive or negative impacts. It then discusses two types of economic globalization - protectionism and trade liberalization. Key factors affecting the global economy are also outlined such as natural resources, infrastructure, and technology. Sustainable development is then defined as economic development without compromising environmental quality for future generations. The four dimensions of sustainable development - society, environment, culture, and economy - are interrelated. Achieving sustainability requires balancing environmental, societal and economic concerns for improved quality of life.

1. Global
Economy

2. What we'll discuss
Topic
Topic
Topic
Topic 2
Topic 2
Topic 2
Global Economy/ Economic Globalization
Global Economy/ Economic Globalization
Global Economy/ Economic Globalization
Sustainable Development
Sustainable Development
Sustainable Development

3. Understand the definitions of Global Economy and Sustainable Development.
Understand and identify the two types of Economic Globalization.
Enumerate the factors affecting the Global Economy.
Define the Sustainable Development.
Identify the four dimensions to Sustainable Development.
Know the importance of Sustainable Development.
At the end of the lesson, the students should be able to:
1.
2.
3.
4.
5.
6.
Learning Objectives

4. What is Global Economy?
Global Economy is one giant entity.
It is all the economy of the world, the economy of every
country which we consider together as one giant
economic system. It includes we buy, sell, and own in
this world.
Refers to the interconnected worldwide economic activities that take
place between multiple countries. These economic activities can have
either a positive or negative impact on the countries involved.
It may also mean as the free movement of goods, capital, services,
technology, information, and capital across borders.

5. Economic globalization is a worldwide
phenomenon wherein countries’ economic
situations can depend significantly on other
countries. Many allied countries would
supply resources to each other that the other
countries do not have. These resources can
cover imported products, technology, and
even human labor. Many people have
observed that this phenomenon may lead to
a “one-world government,” which consists
of a centralized government for all nations.
Economic Globalization
There are two types of economic globalization-
protectionism and trade liberalization.

6. Protectionism
Protectionism is a policy that protects domestic
industries from unfair foreign competition. There
are two primary tools used in trade protectionism
tariffs and quota.
A quota is a government-imposed trade restriction
that limits the number or monetary value of goods
that a country can import or export during a
particular period. Countries use quotas in
international trade to help regulate the volume of
trade between them and other countries.
Tariffs are taxes or duties imposed on imports. Tariffs increase the price of
imported goods in the domestic market, which, consequently, reduces the demand
for them.

7. Trade Liberalization/ Free Trade
Trade liberalization refers to eliminating or easing trade barriers between
countries to promote free trade of goods and services. Trade liberalization
involves reducing tarrifs, eliminating quotas, and reducing non-tariff barriers.
It introduces various goods and services at
reasonable prices.
When countries collaborate, they introduce their
cultures which is an important element in
developing a healthy community.
Promoting free trade leads to the reallocation of
government funds initially spent on factors like
subsidies.
Advantages of Trade Liberalization
It may lead to overdependence on foreign
products and services.
It can affect indigenous people. For example,
relaxed regulations can encourage and ease
the acquisition of indigenous people’s land for
corporate use.
Disadvantages of Trade Liberalization

8. Although governments do hold power
over countries' economies, it is the big
banks and large corporations that
control and essentially fund these
governments. This means that the
global economy is dominated by large
financial institutions.
Who controls the Global Economy?
Presentations are
communication tools.
Presentations are
communication tools.

9. Natural resources
Infrastructure
Population
Labor
Human capital
Technology
Law
According to the latest economic news, here are
some of the key factors that influence and affect
how well the global economy works:
Factors affecting the Global Economy

10. Topic 2: Sustainable Development
What is Sustainable development?
What is Sustainable development?
Sustainable development can be defined as an
Sustainable development can be defined as an
approach to the economic development of a
approach to the economic development of a
country without compromising with the quality
country without compromising with the quality
of the environment for future generations. In
of the environment for future generations. In
the name of economic development, the price
the name of economic development, the price
of environmental damage is paid in the form of
of environmental damage is paid in the form of
land degradation, soil erosion, air and water
land degradation, soil erosion, air and water
pollution, deforestation, etc. This damage may
pollution, deforestation, etc. This damage may
surpass the advantages of having more quality
surpass the advantages of having more quality
output of goods and services.
output of goods and services.

11. The continuous production of the world’s natural resources, such as water
The continuous production of the world’s natural resources, such as water
and fossil fuels which allow humanity to discover and innovate many things.
and fossil fuels which allow humanity to discover and innovate many things.
We were able to utilize energy, discover new technologies, and make
We were able to utilize energy, discover new technologies, and make
advancements in transportation and communication.
advancements in transportation and communication.
There are four dimensions to sustainable development –
There are four dimensions to sustainable development –
society, environment, culture, and economy
society, environment, culture, and economy – which are intertwined, not
– which are intertwined, not
separate. Sustainability is a paradigm for thinking about the future in which
separate. Sustainability is a paradigm for thinking about the future in which
environmental, societal, and economic considerations are balanced in the
environmental, societal, and economic considerations are balanced in the
pursuitof an improved quality of life. For example, a prosperous society relies on
pursuitof an improved quality of life. For example, a prosperous society relies on
a healthy environment to provide food and resources, safe drinkingwater and
a healthy environment to provide food and resources, safe drinkingwater and
clean air for its citizens.
clean air for its citizens.

12. Investing in greener energy such as solar and
Investing in greener energy such as solar and
wind energy.
wind energy.
Sustainable forestry
Sustainable forestry
Creating more green spaces including parks
Creating more green spaces including parks
where plants and wildlife can thrive, and
where plants and wildlife can thrive, and
Promoting sustainable farming methods such
Promoting sustainable farming methods such
as crop farming.
as crop farming.
Examples of Sustainable Development
Examples of Sustainable Development
includes:
includes:

13. Achieving Sustainable Development
Achieving Sustainable Development
Sustainable development can be achieved if we follow the following points:
Sustainable development can be achieved if we follow the following points:
It can be achieved by restricting human activities.
It can be achieved by restricting human activities.
Technological development should be input effective and not input utilizing.
Technological development should be input effective and not input utilizing.
The rate of consumption should not surpass the rate of salvation.
The rate of consumption should not surpass the rate of salvation.
For renewable resources, the rate of consumption should not surpass the rate
For renewable resources, the rate of consumption should not surpass the rate
of production of renewable substitutes.
of production of renewable substitutes.
All types of pollution should be minimized.
All types of pollution should be minimized.
It can be achieved by sensible use of natural resources
It can be achieved by sensible use of natural resources

14. The world is facing serious environmental challenges including climate change,
The world is facing serious environmental challenges including climate change,
freshwater depletion, ocean over-fishing, deforestation, water and air pollution, and
freshwater depletion, ocean over-fishing, deforestation, water and air pollution, and
hunger. Sustainable development is very important as it focuses on improving
hunger. Sustainable development is very important as it focuses on improving
human-environment interaction by prioritizing the management and protection of the
human-environment interaction by prioritizing the management and protection of the
earth’s natural resources for future generations, as well as for the millions of other
earth’s natural resources for future generations, as well as for the millions of other
species who live on our planet.
species who live on our planet.
Why is sustainable development important?
By promoting stable economic growth, conservation of natural resources,
By promoting stable economic growth, conservation of natural resources,
environmental protection and social progress and equality, we can conserve and
environmental protection and social progress and equality, we can conserve and
enhance our natural resources so that all countries can meet basic needs of
enhance our natural resources so that all countries can meet basic needs of
employment, food, energy, water, and sanitation.
employment, food, energy, water, and sanitation.

15. Thank you!
For listening