Geed10043 L3 U1

Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILPPINES

Office of the Vice President for Branches and Satellite Campuses
Unisan, Quezon Branch
Market Integration - The Global Interstate

System
Dr. FE R. BARONIA
Associate Professor V
Role of International Financial Institutions

in the Creation of a Global Economy
Dr. FE R. BARONIA
• a term used to identify a phenomenon
in which markets of goods and
Market services that are related to one
integration another being to experience similar
patterns of increase or decrease in
terms of the prices of those products
• a situation in which separate

Market
markets for the same product become
integration
one single market.
Source: https://shodhganga.inflibnet.ac.in/bitstream/10603/141940/10/10_chapter%202.pdf
Cambridge English Dictionary
Polytechnic University of the Philippines
Role of
Internation play a major role in the social and economic
al Financial development programs of countries with
Institutions developing economies
vital role of IFIs include giving advice on the

development projects, provide funds and
assistance in the implementation of the project

2030 Agenda for 17 Sustainable Development Goals
Source: https://en.unesco.org/sustainabledevelopmentgoals
Global Market Integration

in the 20th Century
Dr. FE R. BARONIA
Reasons for the Collapsed of the
20th Century Global Economic Integration
➢ First World War or Great War, an international conflict from

1914 to 1918
➢ Second World War or World War II from 1939 to 1945
➢ Great Depression in 1930s

TECHNOLOGICAL AND POLITICAL FACTORS
FACTORS OF GLOBAL ECONOMIC RE-
INTEGRATION
new technologies
adoption of national policy
social displacement
remarkable advancement in technology
broadening on the choice of products
international capital markets become substantially more mature
increased flows of foreign direct investments
restrictions of government on international capital flows
mature industrial economies and the emerging-market economies become more
integrated
Effects of Globalization on Governments
Dr. FE R. BARONIA
EFFECTS OF GLOBALIZATION
•developed countries have attained a high level of economic
development
•companies became involved with financial institutions in

partnership with local and multinational companies
•bring about reorganization in terms of production, international

trade and integration of financial markets

•increased economic integration, capital flows and cross-border entry activity and
technological advancement in both telecommunication and information facilitate
access for the entry of industries, telecommunication facilities and other utilities
•advent of free trade leads to prospects in international trade, and outsourcing of

jobs for highly skilled manpower from other countries with provision of higher
remuneration
•pose danger and harmful effect on the exploitation of natural resources to meet
the increased demands for production of goods

Attributes of Global Corporations
Dr. FE R. BARONIA
CLASSIFICATION OF COMPANIES
✓International Business Company
✓International Companies
✓Multinational Companies
✓Transnational Companies
✓Global Companies

CHARACTERISTICS OF GLOBAL OR INTERNATIONAL COMPANIES
➢Companies conduct business in two or more countries and operate

on a worldwide scale.
➢Multinational companies operate in two or more countries usually
controlled and managed by a single country.
➢International business companies may be registered in a country but
may not be allowed to conduct any actual business in a particular
country.

➢International companies operate primarily in a single country
but have some exposure to foreign markets.
➢Transnational companies are the very largest multinational

businesses with separate divisions that operate with significant
independence in their assigned markets.

Institutions that Govern International

Relations
Dr. FE R. BARONIA
FUNCTIONS OF UNITED NATIONS AS AN ASSOCIATION OF NATIONS
United Nations facilitate in the promotion of:
international cooperation international security
sustainable economic
international law development
has a vital role on the prevention and

respect for human rights mitigation of international conflicts

INTERNATIONAL ORGANIZATIONS THAT HELP REDUCE THE
POTENTIAL CONFLICT AMONG NATIONS
North Atlantic Treaty Organization (NATO)
World Trade Organization(WTO)
United Nations (UN)

INSTITUTIONS RESPONSIBLE IN THE PROCESS OF SOCIAL AND ECONOMIC
DEVELOPMENT, TRADE AND FINANCIAL STABILITY
WTO
WB
IMF
International World Trade
World Bank
Monetary Fund Organization

ECONOMIC INSTITUTIONS
Asian African
Development Development
Bank Bank
Bank of Inter-American Islamic

International Development Development
Settlements Bank Bank

Difference Between Internationalism

and Globalism
Dr. FE R. BARONIA
Internationalism is a map of the world or a
traditional globe where the different countries
appear in different colors, each one bordered by
a solid black line (Glossop (2017).

Internationalism” means “between” or
“among” nations where people do not relate
directly to each other as individuals but usually
interact with each other as citizens of different
nations and in formal settings by means of
national representatives (Glossop (2017).”

Globalism is the photo of Earth from space
where there are no national boundaries and the
unity and solitariness of the planet in space are
most evident (Glossop (2017).

Source:
(2020). Retrieved 21 July 2020, from https://www.britannica.com/topic/international-
relations/Structures-institutions-and-levels-of-analysis
Global Governance. (2020). Retrieved 21 July 2020, from
https://www.oxfordbibliographies.com/view/document/obo-9780199743292/obo-9780199743292-0015.xml
Globalization Versus Internationalization: (2020). Retrieved 21 July 2020, from
https://www.globalpolicy.org/component/content/article/162/27995.html
GRIN - What is the main role of international institutions? Political, financial and humanitarian perspectives. Retrieved 21 July
2020, from https://www.grin.com/document/337372
How Globalization Affects Developed Countries. (2020). Retrieved 21 July 2020, from
https://www.investopedia.com/articles/economics/10/globalization-developed-countries.asp
https://www.intechopen.com/books/globalization-approaches-to-diversity/the-role-of-the-international-organisms-in-the-
globalization-process
Tnsescu, D., Dumitru, F., & Dinc, G. (2012). The Role of the International Organisms in the Globalization Process. Globalization -
Approaches To Diversity. doi: 10.5772/50188

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Republic of the Philippines

POLYTECHNIC UNIVERSITY OF THE PHILPPINES

Market Integration - The Global Interstate

Role of International Financial Institutions

• a situation in which separate

vital role of IFIs include giving advice on the

Polytechnic University of the Philippines

Global Market Integration

➢ First World War or Great War, an international conflict from

➢ Second World War or World War II from 1939 to 1945

➢ Great Depression in 1930s

Polytechnic University of the Philippines

Effects of Globalization on Governments

•companies became involved with financial institutions in

•bring about reorganization in terms of production, international

Polytechnic University of the Philippines

•advent of free trade leads to prospects in international trade, and outsourcing of

Polytechnic University of the Philippines

Attributes of Global Corporations

Polytechnic University of the Philippines

➢Companies conduct business in two or more countries and operate

Polytechnic University of the Philippines

➢Transnational companies are the very largest multinational

Polytechnic University of the Philippines

Institutions that Govern International

United Nations facilitate in the promotion of:

international cooperation international security

has a vital role on the prevention and

Polytechnic University of the Philippines

North Atlantic Treaty Organization (NATO)

World Trade Organization(WTO)

United Nations (UN)

Polytechnic University of the Philippines

Polytechnic University of the Philippines

Bank of Inter-American Islamic

Polytechnic University of the Philippines

Difference Between Internationalism

Polytechnic University of the Philippines

Polytechnic University of the Philippines

Polytechnic University of the Philippines

Polytechnic University of the Philippines

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