Economic

Globalization

Lamigo, Eugenio
Mendoza, Andrew David
Molina, John Cedric
Villaflor, Angelo
 Economic
Globalization

Economic globalization refers to the rising

interdependence of world economies as a result of
increased cross-border trade in goods and services.
It reflects the world's continued expansion and
mutual integration of market borders, and is an
irreversible trend for global economic development
at the millennium's turn.
 How Economic Globalization
Came About
The beginning was all about trading. As of the 1st century (B.C), when huge event of that era, the rise of luxurious products all over from
China started to appear. But they say its not counted as part of globalization because the silks was hauled but then on the 7th to 15th
centuries trading of Spices arise on the next chapter of trading, because of the Islamic merchants. The main materials in trading was spices
it is because of its their main focus. But still the globalization didn’t take off.

At the start of the “Age of Discovery” where in the true Global trading took off, when the European explorers found discoveries to open
up new materials, which they introduced in their own lands or economies. The age of discovery where in the exploration brought of by
Magellan open its doors to Spice islands but cutting out Arab and Italian middlemen. After that the prices of spices causes to fell down.
But the economist today don’t regards the Age Of Discover a true Globalization.

The First wave of globalization 19th century -1914

The result of globalization on the first wave brought up by the British empire through the start of industrial revolution that made trading
faster by the use of twin-engine machines, with the use of the industrial technologies that can deliver goods miles away.

The world wars that gave the great depressions to the world.

This is the second and third wave of globalization in which the recovery of the world brought by the great two world wars.
 Who Benefits and
Who is Left Out?
Let's see first how growth effects induced by globalization are measured.
Regression analyses is used to calculate the impact of an increase in
globalization on the growth of real GDP per capita. The calculations
come to the following result in regard to the period from 1990 to 2016
in the 42 analyzed economies. If the globalization index score rises
by one point, this will lead to an increase of around 0.3 percentage
points in the growth rate for real GDP per capita and is then
compared to the actual change in real GDP per capita.

The largest average income gains are found in Switzerland and Japan where they rose by an average of €1,900 and
€1,500 per capita and year, respectively. Bringing up in the rear, when globalization gains are measured in this way,
are the large emerging countries, including the BRIC countries (Brazil, Russia, India, China). Accordingly, the
average real GDP per capita gains in China due to globalization are only around €80 per year, while in India they are
as little as €20.
 Actors that Facilitate
Economic Globalization
Non- Governmental
International Economic organization (NGO)
and Financial organization
a non-profit group that
These organizations try to assess
functions independently of
national economies in order to
prevent fundamental issues that any government.
can affect the growth and International Transactional Corporation
stability of the world economy. Governmental Examples: Amnesty (TNC)
Organizations (IGOs) International, the
International Federation of is an enterprise that
Organizations made up of more Red Cross. undertakes foreign direct
than one national government. investment, owns or controls
The governments are the income-gathering assets in
members. more than one country,
produces goods or services
Examples: United Nations,
outside its country of origin,
Organization of American States,
North Atlantic Treaty or engages in international
Organization, World Health production.
Organization.
 References

https://www.un.org/en/development/desa/policy/cdp/cdp_background_papers/bp2000_1.pdf

https://www.ceeol.com/search/article-detail?id=190352

https://researchguides.library.wisc.edu/igos

https://www.investopedia.com/ask/answers/13/what-is-non-government-organization.asp#:~:text=A%20non%2Dgovernmental%20organization%2
0(NGO,humanitarian%20causes%20or%20the%20environment

https://ged-project.de/globalization/globalization-report-2018-who-benefits-most-from-globalization/

https://www.weforum.org/agenda/2019/01/how-globalization-4-0-fits-into-the-history-of-globalization/