The Structure

of Globalization
GE-113
Instructor: Ma’am Yna
Geronimo
 The Global Economy

The GLOBAL ECONOMY is the World Economy or the Worldwide

Economy.

It is all the economies of the world - the economy of every country which we
consider together as one giant economic system.
It includes everything we all buy, sell, and own on this planet.
Put simply; the GLOBAL ECONOMY is one giant entity.
Edology.com
Why do nations trade?

“Countries engage in international trade for two basic reasons, each of

which contributes to their gain from trade. First, countries trade because
they are different from each other. Nations, like individuals, can benefit
from their differences by reaching an arrangement in which each does the
things it does relatively well. Second, countries trade to achieve
economies of scale in production. That is, if each country produces only a
limited range of goods, it can produce each of these goods at a larger scale
and hence more efficiently than if it tried to produce everything. In the
real world, patterns of international trade reflect the interaction of both
these motives.” –Paul Krugman, International Economics
T O
W

TYPES OF

ECONOMIES
 Chinadaily.com.cn

Protectionism

~ The use of trade barriers to

protect industries from foreign

competition.
 What are Trade
Barriers?

~ Preventing a
foreign product
from freely
entering into a
nation’s territory.

*Required fees on
imports and
exports of goods
Types of Trade Barriers

1. Import Quota
2. Voluntary Export Restraint
3. Tariff
4. Informal Barriers
•Government Licensing Restrictions
•Government Health and Safety Requirements
Positives

•Protect jobs
•Protect infant industries
•Enhance national security
Negatives

•Limits LDC’s ability to

compete on a global scale
• Reduces global living
standard
•Limits attempts for
international peace
 Trade Liberalization

~ Reducing trade barriers to

make international trade easier
between countries
• Free Trade

~ Trading of goods and

services between two or
more countries without
tariff or taxes.

euronews.com
• Trade Bloc

~ Agreement made
between government to
reduce or eliminate
trade
barriers.I.E.NAFTA,AS
EAN wwg.eu.com
• Outsourcing

~ Manufacturing jobs
transfer from developed
nations to developing
nation reduce the cost of
products.

CIO.com
 www.g20insights.org

OTHER SIGNIFICANT GLOBAL

ACTORS

- World Bank
- International Monetary Fund
- World Trade Organisation

www.oxebridge.com En.wikipedia.org
Reporters:

Lauren Ramos Jade Lejarde

Resources :

https://youtu.be/raRO3u2HS_I
https://youtu.be/ol29k5V8XbQ


Thank you!