The-Contemporary-World-week-3-4-Economic-Globalization-Today.pptx

The-Contemporary-World-week-3-4-Economic-Globalization-Today.pptx

1. today Economic Globalization

2. Economic Globalization Economic globalization refers to the increasing interdependence of national economies through the expansion of cross-border trade, investment, technology, and the flow of information. It’s the process by which businesses, markets, and people become more interconnected across the globe.

3. Factors Facilitating Economic Globalization 1900's Capital Mobility Innovations in communication (internet, mobile tech) and transportation (air freight, container shipping) make global exchange faster and cheaper. Technological Advancements Trade Liberalization Reduction of tariffs, quotas, and trade barriers through agreements like WTO, ASEAN, and regional free trade deals. Easier movement of money across borders allows investors to fund projects globally and businesses to access international financing.

4. Cultural Exchange & Media Global Supply Chains Companies source materials and labor from multiple countries to reduce costs and increase efficiency. Factors Facilitating Economic Globalization Global media and digital platforms promote shared consumer trends and business practices.

5. Definition of the Modern World System The Modern World System is a powerful framework for understanding how global economic relationships are structured—and how they've evolved through economic globalization. Developed by sociologist Immanuel Wallerstein, the Modern World System theory views the world as a single social system with a hierarchical structure of nations based on their roles in the global economy.

6. Stance on Global Economic Integration Boost economic growth and innovation Global economic integration offers both promise and peril. Create jobs and reduce poverty Encourage cultural exchange and cooperation On one hand, it can:

7. Stance on Global Economic Integration Deepening inequality between and within nations Global economic integration offers both promise and peril. Undermining local industries and cultures Increasing vulnerability to global financial shocks But it also risks:

8. Balanced integration Balanced integration is key. Countries should embrace globalization while safeguarding national interests, promoting fair trade, and ensuring inclusive development. A more equitable global economy isn’t just ideal—it’s necessary for long-term stability.

9. Very Much! Thank You Fradel and Spies Co Bryan Alimon Rhean Almanzor Maria Alexa Balgoma Samantha Banzuelo Francin Molina Reane Gaile Rustia Presentors