Professional Documents
Culture Documents
C02 - Market Globalism
C02 - Market Globalism
THE
CONTEMPORARY
WORLD MC DARYL P. CUARESMA, LPT
MARKET GLOBALISM
CHAPTER 2
LEARNING OUTCOMES:
• Describe the changes in the world economy;
• Identify the three forms of economic system;
• Distinguish the three forms of economic system;
• Explain the characteristics of the World Bank Ranking; and,
• Explain the principles, ideas, and arguments postulated on the Six Core
Claims of Market Globalism
•
AN OVERVIEW OF THE
WORLD ECONOMY
ECONOMIC SYSTEMS
HIGH-MIDDLE- HIGH-INCOME
INCOME COUNTRIES
COUNTRIES
SOURCE: WORLD BANK DATA, 2010
LOW-INCOME COUNTRIES
Have a GNP per Capita of Less than $1,045.
• Limited industrialization and high
percentage of the population engaged
in agriculture and subsistence farming
• High birth rates
WORLD BANK • Low literacy rates
FOUR-CATEGORY •• Heavy reliance on foreign aid
Political instability and unrest
SYSTEM • Concentration in Africa, South of
Sahara
02
03
04
05
06
GLOBALIZATION: LIBERALIZATION AND
GLOBAL INTEGRATION OF MARKETS
• Free Market, ability to bring about greater social
integration and material progress.
• Libertarian variant of liberalism referred as neo-
liberalism-"free market" and "free trade"
• Globalization-interlocking of 2 concepts, "liberty" and
"integration", the triumph of market over governments
• Free-Market Capitalism-the more you let market
forces rule and more you open your economy to free
trade and competition, the more efficient your
economy will be.
• Market Globalist-natural economic phenomenon and
reduction of governmental interference
• Privatization, Free Trade and Unfettered Capital
Movement
GLOBALIZATION: INEVITABLE AND
IRREVERSIBLE
• Globalization reflects the spread of irreversible market
forces driven by technological innovations that make
the global integration of national economies.
• Governments, Political Parties and Social Movement
had no choice but to 'adjust' and to coordinate and
provide necessary facilitation of the integration of
national economies in the new global market.
Function of Politics:
• Neutralizes the challenges of alter-globalist opponents
by depoliticizing the public discourse about
globalization
• Political groups ought to comply and make the best of
an unalterable situation.
NOBODY IS IN CHARGE OF
GLOBALIZATION
• 'Self-Regulating Market'-the semantic link between
globalization-market and the adjacent idea of 'NO
LEADER' is simple.
• Voting
GLOBALIZATION REQUIRES WAR ON
TERROR
• Neo-Conservative commitment to "American Values"
of freedom, security, and free markets.
QUIZ #1
Asynchronous Class for Quiz #1
Coverage: Chapter 1-2
Time: On our Official Schedule
Only
THANK YOU