The Structures of Globalization PDF

THE STRUCTURES OF GLOBALIZATION 1 The Global Economy 2 Market Integration The global economy stands as the cornerstone Market integration lies at the heart of of contemporary globalization, driving globalization, easing...

THE STRUCTURES OF GLOBALIZATION 1 The Global Economy 2 Market Integration The global economy stands as the cornerstone Market integration lies at the heart of of contemporary globalization, driving globalization, easing the flow of economic interconnectedness across borders and activities and fostering connection among reshaping the dynamics of trade, production, consumers, producers, and investors worldwide. and finance. It involves trade liberalization, It is affected by technological innovations, global value chains, and financialization. cultural convergence (and divergence), and income disparities. 3 The Global Interstate 4 Contemporary System Global Governance The global interstate system constitutes the Contemporary global governance represents the political framework within which nation-states collective efforts of states, international organizations, interact and negotiate their interests on the and non-state actors to address transnational international stage. It is defined by power challenges and promote cooperation on a global scale. dynamics, security challenges, and the It is affected by the differences of multilateralism disparity between regionalism and globalism. and unilateralism, global commons, humanitarian intervention, and the responsibility to protect. THE STRUCTURES OF GLOBALIZATION What is an International Financial Institution? An international financial institution, or IFI, is an institution that provides monetary assistance to developing countries. It is established by more than one (1) host country. It helps By providing financial support, they can help build schools, hospitals, and other important infrastructure. They can also help countries recover from natural disasters or economic downturns. Some Famous IFIs The World Bank The International The World Trade The Asian Monetary Fund Organization Development Bank Things to Remember Internationalism about IFIs vs Globalism The IFIs are not charity organizations! They are like banks; Internationalism is a political, economic, they usually expect loaning countries and cultural cooperation between nations, to pay back what they loaned, with such as keeping peace, protecting the interest. environment, or helping poor countries. Think of it as a basketball (or an e-sports) Some people believe that IFIs team, where the players come from sometimes place too many conditions different places, but they work together on their loans, which can affect to win the game. countries' policies and priorities. This Globalism is an ideology based on the is true, because the host countries belief that the flow of people, goods, and that provide aid may one day information should move freely across withdraw from providing aid, which borders, like a huge supermarket where can be bad for other countries. everyone can buy and sell products.