Note 3

SOSC103

Sevilla, Alyssa
1CA1-BSCA
Joyce T.
 GLOBAL ECONOMY
Countries trade due to:
Lacks of resources
Cannot stand their own needs
and wants
As countries developed their resources, they
trade it for resources they need
ECONOMIC GLOBALIZATION
The increasing interdependence of world
economies as a result of:
Growing scale of cross-border trade
Flow of international capital
wide and rapid spread of technologies

GLOBE TRADE EMERGED WHEN

1. All heavily populated continues
began to exchange products
continuously
2. Did so in values sufficient to
generates lasting impacts on all
trading partners
 THE GLOBAL ACTORS
International Economic of
Financial Organization
International Governmental
Organization (IGO)
Media
Multilateral Development
Banks
Nation-States
Non-Governmental
Organization (NGOs)
Trans-National Corporations
(TNCs)
United Nations (UN) System
MULTINATIONAL CORPORATION
also called as transnational
corporation, any corporation that
is registered and operates in more
than one country at a time
 NORTH ATLANTIC TREATY
ORGANIZATION (NATO)
NATO promotes democratic
values and enables members to
consult and cooperate on defense
and security-related issues to
solve problems, build trust and, in
the long run, prevent conflict

WORLD TRADE ORGANIZATION

is the global international

organization dealing with the rules

of trade between nations. At its
heart rate the WTO agreements,
negotiated and signed by the bulk
of the world's trading nations and
ratified in their parliaments. The
goal is to ensure that trade flows
as smoothly, predictably and
freely as possible.