Professional Documents
Culture Documents
OF
GLOBALIZATION
OBJECTIVES:
Define the structure of globalization
*GLOBALIZATION
*INTERNATIONAL TRADE
*INTERNATIONAL FINANCE
*GLOBAL INVESTMENT
GLOBALIZATION
Describes a process by which national and regional
economies, societies, and cultures have become integrated
through the global network of trade, communication,
immigration, and transportation. These development led to the
advent of the global economy. Due to the global economy and
globalization, domestic economies have become cohesive,
leading to an improvement their performances.
INTERNATIONAL TRADE
International trade is considered to be an impact of
globalization. It refers to the exchange of goods and services
between different countries, and it has also helped countries
to specialize in product which they have a comparative
advantage in this economic theory that refers to an economy’s
ability to produce goods and services at lower opportunity
cost than its trade partners.
INTERNATIONAL FINANCE
NATURAL RESOURCES
INFRASTRUCTURE
POPULATION
LABOUR
HUMAN CAPITAL
TECHNOLOGY
LAW
MARKET ECONOMY
MARKET INTEGRATION
Occurs when prices among different location or related
goods follow similar patterns over a long period of time.
Groups of goods often move proportionally to each other
and when this relation is very clear among different
markets it is said that the markets are integrated.
There are 3 types of Market Integration
b) Backward Integration
This involves ownership or a combination of sources of supply.
Example: When a processing firm assumes the functions of
assembling/purchasing the produce from the villages.
3) CONLOMERATION
REALISM
LIBERALISM ( IDEALISM )
REALISM
Focuses on the nations that states work to increase their own
power relative to other states. The theory of realism states that the
only certainly in the world is power therefore, a powerful state via
military power ( the most important reliable form of power ) will
always seek power to protect themselves.
LIBERALISM
*GENERAL ASSEMBLY
*SECURITY COUNCIL
*ECONOMIC AND SOCIAL COUNCIL
*TRUSTESSHIP COUNCIL
*INTERNATIONAL COURT OF JUSTICE
*SECRETARIAT
GROUP 2 ( BLOCK 17 )