The Global Economic Structure

The United Arab Emirates

Middle East counties are rich in oil and petroleum products.

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 Japan
Production of of hybrid robots, machines and railways
the promotes faster production and transportation is a
manifestation of Japan’s technological advancement.

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 Indonesia
Availability of cheap man power.

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 Philippines
Availability of cheap man power.

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China
Despite of over-population, economist consider the people of
China as one of it’s greatest strengths in terms on development
on various aspects.

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The Business of the World The economic behavior of countries shows
how the cycle of economic operation for a
global commodity works. This is also evident in
countries in the western regions where there
GLOBAL ECONOMY are problems and challenges on the availability
of needs and demand. The strength of materials of a country could be
experienced as a weakness on the un availability of the other economy or
nation.
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 Full screen image with caption
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GLOBAL ECONOMY

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 HISTORICAL DEVELOPMENT
OF GLOBAL ECONOMY
“ Globalization is not a new concept. In past
people use to travel to other places for gaining
control on others lands, for finding out the
better living style, for finding out the new places
and to earn profits by selling in different regions.
These activities were carried out even thousands
of years before. But it is said that the earliest
form of Globalization was started from Greek,
Roman, Egyptian, and Babylonian Empires. In the
regime of Mongols, the famous Silk Road
connected the Central Asia and Europe”
(Muhammad, et al. 2011)
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ECONOMIC SYTEMS
MARKET ECONOMY
 CHARACTERISTICS OF
MARKET ECONOMY
❑ Private property
❑Freedom of choice
❑Motivate of Self Interest
❑Competition
❑Systems of Market and Prices
❑Limited Government Involve

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ADVANTAGESOF MARKET ECONOMY

FREEDOM OF CHOICE
CONTROL OF THE ECONOMY
MONOPOLY POWER CAN BE
CONTROLLED AND MONITORED

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THEWORLD’S BIGGEST
ECONOMIES
COMMAND ECONOMY
An economic system where the government has control over the
production and pricing of goods and services. It is also called the
planned economy.
 CHARACTERISTICS OF
COMMAND ECONOMY
❑ The government creates a
central economic plan;
❑The government allocates all
resources according to the
central plan; and
❑The central plan sets the
priorities for the production of
all goods and services.

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ADVANTAGESOFCOMMANDECONOMY

High government control

Equal distribution
No rich no poor
Communal ownership

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 NORTH KOREA
North Korea is a command economy because the
government controls every aspect of the nations
economy, including wages and prices.

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✓ Market Economy + Command
Economy = Mixed Economy
✓ The government and private
companies and control the economy
✓ Government takes of the people’s
needs. Marketplace takes care of
people’s want.

✓ Businesses own most resources and determine what and how to produce, but
the government regulates certain industries

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 Most nations have a mixed economy:

United State
England Australia

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 ADVANTAGES OF MIXED ECONOMY
✓ Balance of needs and wants met by
government and in market place.
✓ Inefficient of business behavior controlled

✓ More job investments coming in safe haven

from poverty

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ThankYou
Castaneda, Aljon
Garcia, Edward
Guererro, Angelo Gelo
Reyes, Elaisa

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