The Global Economy_Key Players in Globalization.pdf

It tackles about the role of economy in the context of globalization and the relationship it had in terms of politics and governance.

4. THE GLOBAL ECONOMY
Reporters:
Gracyl Joy S. Marquiso
Keith Avegail Agres
Joey Lane T. Herbito

5. At the end of this lesson, students are expected to:
define economic globalization;
identify the actors that facilitate economic
globalization;
define the modern world system; and
articulate a stance on global economic integration.

6. Assessing the different foundations in the
institution, economy is the basic foundation
that should be given primary importance. It
influences the condition of the society as well as
in the politics.
Removing barriers between national
economies is essential for a smooth flow of
goods, services, capital and labor.

7. Mohan (2009)
Mercantilism
according to him, economic globalization refers to the
free movement of goods, capital, services, technology
and information. It results to an increasing economic
integration and interdependence.
this ideology motivated countries to search for islands
that are rich with natural resources, particularly gold.
Principle: ‘the more gold the country has, the more
powerful the country is’.

8. Suez Canal (1869)
The Galleon Trade
paved the way for European people to trade
with Asians.
implemented by the Spaniards in the Philippines from
1565 to 1815. It intensified more the transfer of goods
from one country to another.
Silk Road
known to be the oldest international trade route where
silk was transported and tagged as the most profitable
product back then.

11. International Organization
Intergovernmental Organization
promotes voluntary cooperation and coordination
among its members (McCormick, 1999).
composed of nation states that promotes voluntary
cooperation and coordination among members.
Decisions and agreements are not enforceable.
Supranational Organization
members are either global or regional, surrender their
power in specific areas to the higher organization.
Mutual benefits and shared goals.

12. International Non-Governmental
Organization
Large Manufacturing Corporation
not created by international treaty and often
focus on specific issues around the world.
consists of multinationals and transnationals. It sells
goods and manufactured products.
Multinational Corporation
known as global corporation. An entity that owns and
controls production of goods or services in one or more
countries aside from their home country.

14. Transnational Corporation
a commercial enterprise that operates substantial
facilities that does business in more than one country. It
does not consider any particular country its national
home.
International Corporation
a company which imports and exports products only
with no investment outside of the home country. It has
no Foreign Direct Investment (FDI). Products or services
it provides is made in its home country.

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