PRESENTING BY:

GROUP 1
 GLOBAL
ECONOMY
 ECONOMIC
GLOBALIZATION
 Economic globalization
is interdependence of national
economies across the world
through a rapid increase in cross-
border movement of goods,
service, technology, and capital.
Comprises the globalization of
production, markets,
competition, technology, and
corporations and industries.
 ACTORS OF
GLOBALIZATION
 'International Monetary Fund - IMF'
The International Monetary Fund is an international organization
that aims to promote global economic growth and financial stability,
to encourage international trade, and to reduce poverty. The based in
Washington, D.C. and currently consists of 189 member countries,
each of which has representation on the IMF's executive board in
proportion to its financial importance, so that the most powerful
countries in the global economy have the most voting power.
• It’s an organization for liberalizing trade. It’s a forum for governments to negotiate trade
agreements. It’s a place for them to settle trade disputes. It operates a system of trade rules.
The WTO is a place where member governments go, to try to sort out the trade problems
they face with each other. The first step is to talk. The bulk of the WTO's current work
comes from the 1986-94 negotiations called the Uruguay Round and earlier negotiations
under the General Agreement on Tariffs and Trade (GATT). The WTO is currently the host
to new negotiations, under the “Doha Development Agenda” launched in 2001.
• Where countries have faced trade barriers and wanted them lowered, the negotiations have
helped to liberalize trade. But the WTO is not just about liberalizing trade, and in some
circumstances its rules support maintaining trade barriers — for example to protect
consumers or prevent the spread of disease.
What is the 'International Monetary Fund -
IMF'
• Is an international organization that aims to promote global economic
growth and financial stability, to encourage international trade, and to
reduce poverty.
• The based in Washington, D.C. and currently consists of 189 member
countries, each of which has representation on the IMF's executive board
in proportion to its financial importance, so that the most powerful
countries in the global economy have the most voting power.
 A modern world-system?
-is an approach to world history and social change that suggests there is
a world economic system in which some countries benefit while others
are exploited. Just like we cannot understand an individuals behaviour
without reference to their, experiences and culture a nations economic
system cannot be understood without reference to the world system
which they are part.
GLOBAL ECONOMIC INTEGRATION
• - Economic Integration is an arrangement between different regions that
often includes the reduction or elimination of trade barriers, and the
coordination of monetary and fiscal policies. The aim of economic
integration is to reduce costs for consumers and producers and to increase
trade between the countries involved in the agreement.
 In Conference 2002
Gaps between the poorest and the richest people and
countries have continued to widen…This continues the
trend of two centuries. Some have predicted
convergence, but the past decade has shown
increasing concentration of income among people,
corporations, and countries.
 How have the economic benefits of globalisation been distributed and what has happened as a result to
global poverty and inequality? These are the questions addressed in the second half presents evidence in
support of five trends in inequality and poverty since 1980:
Trend #1 – Poor country growth rates have accelerated.
Trend #2 – The number of poor people in the world has declined significantly, the first such decline in
history.
Trend #3 – Global inequality (among citizens of the world) has declined – modestly –
reversing a 200-year-old trend toward higher inequality.
 #4 – There is no general trend toward higher inequality
within countries; in particular, among developing countries
inequality has decreased in about as many cases as it has
increased.
Trend #5 – Wage inequality is rising worldwide (which may
seem to contradict Trend #4, but it does not because wages
are a small part of household income in developing
countries, which make up the bulk of the world in terms of
countries and population
 The conclusions for policy from this review of
globalisation and global inequality are very much
in the spirit of the comments from Presidents Fox
and Museveni. Developing countries have a lot of
‘homework’ to do in order to develop in general
and to make effective use of integration as part of
their development strategy.
• Rich countries could do a lot more with foreign aid to
help with that homework. And, as Museveni
indicates, access to rich country markets is important.
There remains a lot of protection in OECD markets
against the goods and people of the developing world,
and globalisation would do more for developing
country growth if developing countries and their
people had freer access to those rich country markets.
 President Yoweri Museveni of Uganda

• We take the challenge of international competition in

a level playing field as an incentive to deepen the
reform process for the overall sustained development
of the economy. WTO membership works like a
wrecking ball, smashing whatever is left in the old
edifice of the former planned economy.
Examples about Global Economic
Integration
•THANKS FOR
LISTENING!!!!
 GROUP 1
• MEMBERS:
• CHRISTIAN SILLAR
• ROSEMARIE MALINAO
• ARJIE MUNEZ
• NESTOR
• DILOY
• MARK FRANCISCO