Scribd Logo
Upload

Welcome to Scribd!

  • The Global Economy

    Uploaded by

    Bonggot LadyAntoniette
    17 views20 pages
    The document discusses economic globalization and the global economy. It defines economic globalization as the growing interdependence of world economies, cultures, and populations due to cross-border trade, technology, investment, and the flow of people and information. It also describes two types of economies: protectionism, which uses trade barriers to protect an economy, and trade liberalization, which reduces trade barriers to make international trade easier. Finally, it provides examples of ways countries make trade easier, such as free trade agreements and trade blocs like NAFTA.

    Original Description:

    Original Title

    THE-GLOBAL-ECONOMY (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses economic globalization and the global economy. It defines economic globalization as the growing interdependence of world economies, cultures, and populations due to cross-border trade, technology, investment, and the flow of people and information. It also describes two types of economies: protectionism, which uses trade barriers to protect an economy, and trade liberalization, which reduces trade barriers to make international trade easier. Finally, it provides examples of ways countries make trade easier, such as free trade agreements and trade blocs like NAFTA.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    17 views20 pages

    The Global Economy

    Uploaded by

    Bonggot LadyAntoniette
    The document discusses economic globalization and the global economy. It defines economic globalization as the growing interdependence of world economies, cultures, and populations due to cross-border trade, technology, investment, and the flow of people and information. It also describes two types of economies: protectionism, which uses trade barriers to protect an economy, and trade liberalization, which reduces trade barriers to make international trade easier. Finally, it provides examples of ways countries make trade easier, such as free trade agreements and trade blocs like NAFTA.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 20

    THE GLOBAL

    ECONOMY
    ECONOMIC GLOBALIZATION
    The spread of TRADE,
    TRANSPORTATION, and
    COMMUNICATION systems on a global
    scale in the interest of promoting
    international commerce.
    GLOBALIZATION
    Is the word used to describe the growing
    interdependence of the world’s economies,
    cultures, and populations, brought by cross-
    border trade in goods and services, technology,
    and flows of investment, people, and
    information.
    TWO TYPES OF ECONOMIES
    1. PROTECTIONISM
    - Protecting one’s economy from foreign competition by creating trade barriers.

    2. TRADE LIBERALIZATION
    - Reducing trade barriers to make international trade easier between countries.
    TARIFF
    TRADE BARRIERS

    -Required fees on imports/exports of goods


    Importation of Candy from
    Country A to Country B

    Tariff of 5pesos
    Candy on imported Candy
    P1.00 candy P6.00

    Country A Country B
    NORTH KOREA
    CANADA
    Various ways to make trade easier
    FREE TRADE
    Trading of goods and services between
    two or more countries without tariffs or
    taxes.
    Trade Bloc
    Agreement made between government to
    reduce or eliminate trade barriers.
    I.E
    NAFTA, ASEAN
    What’s the purpose of the
    NAFTA?
    It is to increase investment
    opportunities and procedures to
    reduce trade disputes.
    OUTSOURCING
    Manufacturing jobs transfer from
    developed nations to developing nation
    reduce the cost of products.
    Importation of Candy from
    Country A to Country B

    Candy Tariff of 5pesos


    Candy
    P1.00 on imported
    candy
    P6.00

    Country A Country B
    OTHER SIGNIFICANT GLOBAL
    ACTORS
    WORLD BANK
    INTERNATIONAL MONETARY FUND
    WORLD TRADE ORGANIZATION
    THANK YOU!!!

    You might also like