GLOBAL

ECONOMY
▶ Interconnected economic system of countries
▶ Production, Distribution, and Consumption of
goods and services on a global scale
▶ Interdependence of economy
▶ Multinational corporations
▶ Economic Policies
▶ No Global Financial or Economic system
▶ Trade was mainly local and limited to Batter
▶ Rome established a Monetary system
▶ In Flanders, Belgium, and in northern Italy, self governing
city- states emerged as commerce flourished
▶ Growing trade required money and banks began to appear
▶ End of 13 century, Florence became the Europe’s banking
th

center with 80 banks

▶
▶

▶
▶
▶
▶
THE HANSEATIC LEAGUE, MAJOR CITIES
▶
▶

▶
▶
▶
▶
▶
▶
▶
▶
▶
▶
▶
▶
▶
▶
▶
▶
GLOBAL ECONOMIC
ORGANIZATIONS
 ▶ Provide financial Assistance
▶ Assistance to member countries facin
balance of payments problems
▶ Monitors global economic trend and
offers policy recommendations

▶ Providing financial and technical

assistance
▶ Supports initiatives related to
Infrastructure, Education,
Healthcare and Poverty
Reduction
 ▶ Resolves trade related dispute
▶ Promotes fair trade practices
▶ Smooth flow of goods and
services

▶ It consist of 38 members
▶ Aims to promote economic growth
stability and improve living standards
 ▶ Recommendation regarding the
global financial system’s stability
▶ Established in 2008 financial crisis

▶ Promotes Labor rights, Decent working

conditions and Social protection
internationally
▶ Sets Labor standards
▶ Provides technical support to member
countries
▶ Global Cooperation
▶ Environmental concerns
▶ Risk Management
▶ Geopolitical factors
▶ Trade and Globalization
▶ Technological Impact