According to Mohan (2009), economic globalization refers to the

free movement of goods, capital, service, technology, and

information.
It results too an increasing economic integration and
independence of national, regional, and local economies around
the world by strengthening the cross-border movement of goods,
technologies, and capital.
International Organization

It promotes voluntary cooperation and

coordination between or among its members.
This organization is categorized either an
intergovernmental or supranational
organization (IGO).
Intergovernmental Organization

It is composed of nation-states that promote

voluntary cooperation and coordination
among its members. Members of IGO do not
surrender any sovereignty to it.
Supranational Organization

Which is global or regional, surrender their

power in specific areas to the higher
organization. This is an entity where member
states formed for mutual benefit and in pursuit
of shared goals.
International Non-Government Organization
(INGO)

It is not created by an international treaty or

intergovernmental agreement often focus on a
specific issues around the world. It tries to
help in alleviating problems such as hunger,
disease, illiteracy, and inequalities.
It consists of multinational and
transnationals. These corporation
sell goods and manufactured
products.

It is a commerce enterprise that

operates substantial facilities
that does business in more than
one country.

Also known as global corporation,

is an entity that owns and
controls production of goods or
services in one or more countries
aside from their home country.
 Modern World System
According to Immanuel Wallerstein
(1974), the modern world-system,
essentially capitalist in nature, is a
social system that has boundaries,
structures, member groups, rules of
legitimation, and coherence. World-
system is not new.
These are powerful, wealthy, These are areas that lack
and highly independent and strong central governments
outside control regions. controlled by other states.

The nations lie between the These are regions that

two extremes and served as maintained their own economic
buffers. They are either systems. They managed to
exploiting or exploited. remain outside of the modern
world economy.
 Global Economic Integration

As stated by Kahn (2000), global

economic integration is thought to
improve the allocation of natural
resources, promote technology
transfer, and enhance living
standards.
It is the practice of two or more
countries sitting, meeting, and
discussing together, trying to
overcome the economic crisis and
promote development of it.
Example: North American Free
takes place when a foreign firm or
Trade Agreement (NAFTA).
individual establishes business
operations or acquires business assets
which include establishing ownership
Is the free flow of trade between and controlling interest in a company
countries around the world. The removal in another country.
of trade barriers such as tariffs and
taxes on goods and services is being
emphasized by this factor. Example:
Philippine Economic Zone Authority
(PEZA) in the Philippines where the
Board of Investments offer tax
incentives to attract foreign investors.
Have a great day ahead.