Contemporary world lesson 1 and others.pptx

The Contemporary Worlds

1. CONTEMPORARY WORLD

2. Agenda Page 01. 02. CONTEMPORARY WORLD GLOBALIZATION 03. GLOBAL EXPERIENCES 04. THE GLOBAL ECONOMY AND MARKET

3. . The CONTEMPORARY WORLD refers to the present time period characterized by technological advancements, media influence, ideological shifts, and consumer culture.

4. . GLOBALIZATION describes the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

5. EXAMPLES of GLOBALIZATION Studying or working in a foreign country. World cuisine such as an Italian restaurant in Tokyo. T he spread of languages such as English on an international basis. International flights and travels. Playing online video games with players across the globe.

6. The Bretton Woods Systems 02 The Global Financial Crisis 04 International Trading Systems 01 Neoliberalism and Its Discontents 03 The Global Economy and Market Challenge to Neoliberalism 05

7. It is an economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. International trade transactions are facilitated by international financial payments, in which the private banking system and the central banks of the trading nations play important roles. 1. International Trading Systems

8. Why such countries conduct economic trade? 1. International Trading Systems International trade and the accompanying financial transactions are generally conducted for the purpose of providing a nation with commodities it lacks in exchange for those that it produces in abundance; such transactions, functioning with other economic policies, tend to improve a nation’s standard of living.

9. The Bretton Woods agreement and system created a collective international currency exchange regime that lasted from the mid-1940s to the early 1970s. The Bretton Woods system required a currency peg to the U.S. dollar which was in turn pegged to the price of gold. 2. The Bretton Woods Systems

10. The Bretton Woods system collapsed in the 1970s but had a lasting influence on international currency exchange and trade through the development of the International Monetary Fund and the World Bank. 2. The Bretton Woods Systems

11. 3.Neoliberalism and Its Discontents NEOLIBERALISM is a political and economic ideology that emerged in the late 20th century, advocating for free-market capitalism, deregulation, privatization, and a reduction in government intervention in the economy.

12. 3.Neoliberalism and Its Discontents It is a political approach that favors free-market capitalism, deregulation, and reduction in government spending. It is a policy model that favors private enterprise and limits government intervention in the economy.

13. 3. Neoliberalism and Its Discontents The "discontents" refer to the criticisms and negative consequences that have arisen in response to neoliberal policies: 1. Economic Inequality: Critics argue that neoliberalism has led to increased income and wealth disparities, as the benefits of economic growth have disproportionately favored the wealthy.

14. 3. Neoliberalism and Its Discontents 2. Social Dislocation: Neoliberal policies, particularly austerity ( set of economic policies to control public sector debt and improve financial health ) and privatization, have often led to cuts in public services, which can harm vulnerable populations and increase social inequality. 3. Environmental Degradation: The emphasis on deregulation and growth has been linked to environmental harm, as it often prioritizes economic expansion over sustainability.

15. 3. Neoliberalism and Its Discontents 4. Political Instability: The concentration of wealth and power in the hands of a few can undermine democratic processes and lead to political instability. 5. Cultural Impact: Neoliberalism has been criticized for promoting consumerism and eroding social solidarity, as it emphasizes individualism over collective well-being.

16. 3. Neoliberalism and Its Discontents 6. Global Disparities: While some countries have benefited from neoliberal policies, others, particularly in the Global South, have experienced negative impacts, such as exploitation and underdevelopment. *In summary, while neoliberalism has been credited with driving economic growth and innovation in certain contexts, its discontents highlight significant challenges and drawbacks, particularly in terms of social equity, environmental sustainability, and political stability.

17. 4. The Global Financial Crisis The Global Financial Crisis (GFC), also known as the 2008 Financial Crisis, was a severe worldwide economic crisis that occurred in 2007-2008. It is considered the most serious financial crisis since the Great Depression (1929). The crisis led to a significant economic downturn, widespread unemployment, and the collapse of financial institutions .

18. 5. Challenge to Neoliberalism This refers to the growing opposition and critique of neoliberal policies and practices that have dominated global economic and political systems since the late 20th century. Neoliberalism, with its emphasis on free markets, privatization, deregulation, and reduced government intervention, has faced increasing scrutiny and resistance from various quarters due to its perceived negative impacts.

19. Debate Topic: Students will write their argument on the motion that “Global Trade Has Done More Harm than Good” Argument in Favor of the Motion: Argument Against the Motion:

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24. MAIN POINT MAIN POINT MAIN POINT MAIN POINT 01. 03. 02. 04. Add Your Title Briefly elaborate on what you want to discuss. Briefly elaborate on what you want to discuss. Briefly elaborate on what you want to discuss. Briefly elaborate on what you want to discuss.

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