Group-1-Report PDF

Course & Section: BSE 1F Topic: The GLOBAL ECONOMY A Presentation of Group 1  What is Global Economy? Refers to the free movement of goods, capital, services, technology and information It results to an increasing economic integration and interdependence of national regional...

Course & Section: BSE 1F Topic: The GLOBAL ECONOMY A Presentation of Group 1  What is Global Economy? Refers to the free movement of goods, capital, services, technology and information It results to an increasing economic integration and interdependence of national regional and local economics around the world by strengthening the cross-border movement of goods, technologies and capita  Key Players/Actors in Globalization International Organization- Promotes voluntary cooperation and coordination between or among members Categorized either intergovernmental or supranational organization.  Key Players/Actors in Globalization Intergovernmental Organizations (IGO) Composed nation-states that promotes voluntary cooperation and coordination among its members. refers to an entity created by treaty, involving two or more nations, to work in good faith, on issues of common interest. E.g United Nations, ASEAN, World Bank, African Union, NATO, WHO.  Key Players/Actors in Globalization Supranational Organizations Member states either global or regional they surrender their power in specific areas to the higher organization. This is an entity where member states formed for mutual benefits and in pursuit of shared goals. E.g European Union, World Trade Organization, United Nation  Key Players/Actors in Globalization International Non-Governmental Organization A non-governmental organization (NGO) is a group that functions independently of any government with the objective of improving social conditions. NGOs are typically non- profit institutions. They are sometimes called civil society organizations and are established on community, national, and international levels to serve a social or political goal such as a humanitarian cause or the protection of the environment. E.g Philippine Red Cross, UNICEF Philippines, Free Mason of the Philippines, Philippine Eagles Club, Rotary Club of the Philippines  Key Players/Actors in Globalization Large Manufacturing Corporation Consist of multinationals and transnationals These corporations sells goods and manufactured products.  Key Players/Actors in Globalization Multinational Corporation Known as global corporation Entity that owns and controls production of goods and services in one or more countries aside from their home country. Centralized Management System Transnational Corporation Commercial enterprise that operates substantial facilities that does business in more than one country. Decentralized Management System  Key Players/Actors in Globalization Media Are the communication outlets or tools used to store or deliver information or data. The term refers to the components of the mass media communications industry such as print media, publishing, the news media, photography, cinema, broadcasting and advertising Multilateral Development Banks Are international or national financial institution owned by countries. These institution provides loans, grants, guarantee, private equity and technical assistance to public and private sector projects in developing countries.  Key Players/Actors in Globalization Nation-State Refers to a certain form of state that derives its political legitimacy from serving as a sovereign entity for a nation within its sovereign territorial space.  Modern World System World System Theory also known as world system analysis developed by American sociologist Immanuel Wallerstein in 1976 which is an approach to the world history and social change that suggests there is a world economic system in which some countries benefit while others are exploited. This theory emphasizes the social structure of global inequality.  Company Vision Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis pellentesque eu dui nec pellentesque. Fusce ut metus rutrum, pharetra libero nec, malesuada nibh. Ut id egestas urna. Proin efficitur nec tortor semper convallis. Pellentesque euismod nisi sit amet tempor luctus. Company Mission Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis pellentesque eu dui nec pellentesque. Fusce ut metus rutrum, pharetra libero nec, malesuada nibh. Ut id egestas urna. Proin efficitur nec tortor semper convallis. Pellentesque euismod nisi sit amet tempor luctus.  Company Vision Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis pellentesque eu dui nec pellentesque. Fusce ut metus rutrum, pharetra libero nec, malesuada nibh. Ut id egestas urna. Proin efficitur nec tortor semper convallis. Pellentesque euismod nisi sit amet tempor luctus. Company Mission Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis pellentesque eu dui nec pellentesque. Fusce ut metus rutrum, pharetra libero nec, malesuada nibh. Ut id egestas urna. Proin efficitur nec tortor semper convallis. Pellentesque euismod nisi sit amet tempor luctus.  What is Economic Integration? It is an arrangement among nations that typically includes the reduction or elimination of trades barriers and the coordination of monetary and fiscal policies. Economic integration aims to reduce cost for both consumer and producer and to increase trade between countries involved in the agreement.  What is Global Stratification? Refers to the unequal distribution of wealth, power, prestige, resources, and influence among the world's nations. Put more simply, there is an extreme difference between the richest and poorest nations.  Company Vision Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis pellentesque eu dui nec pellentesque. Fusce ut metus rutrum, pharetra libero nec, malesuada nibh. Ut id egestas urna. Proin efficitur nec tortor semper convallis. Pellentesque euismod nisi sit amet tempor luctus. Company Mission Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis pellentesque eu dui nec pellentesque. Fusce ut metus rutrum, pharetra libero nec, malesuada nibh. Ut id egestas urna. Proin efficitur nec tortor semper convallis. Pellentesque euismod nisi sit amet tempor luctus. The different typologies of global stratification are the following: 1. First Typology- Came into used after WWII and classified nation as falling into the: a) First World b) Second World c) Third World 2. Replacement Typology Placed nation into a) Developed b) Developing c) Undevelope 3. Popular Typology a) Wealth or High income b) Middle income c) Poor-low income  Modernization Theory According to this theory rich nation became wealthy because early on their history they were able to develop correct beliefs. Values and practices, the correct culture for trade, industrialization and rapid economic growth to occur. These cultural traits include a willingness to work hard, to abandon tradition in favor of new ways of thinking and doing things, and to adopt a future orientation rather than one aimed toward the present.  Dependency Theory This theory blames global stratification on the exploitation of these nations by the rich ones. According to this view, the poor nations never got the chance to pursue economic growth because early on they were able to conquered and colonized by Europeans.  Forms of dependence are of two kinds 1. Dominant countries or metropol- Can expand itself and can be self-sustaining. 2. Dependent or Satellites – Can expand and sustain as a result of the expansion of dominant countries.  Five institution in the modern world system 1. Market 2. Firms 3. States 4. Households 5. Classes  Universalism Universalism is a theme prominently associated with the modern world system. Universalism means the priority to general rules applying equally to all persons, and the rejection of the particularistic preferences in the most spheres. Universalism is a positive norm most people assert their belief in it.  Anti-Universalism Anti-universalism is linked with racism and sexism. These are the terms that came into widespread use only in the second half of the 20th century. Racism and sexism are the active institutional discrimination against all the person given status group or identity for each kind of identiy. For each kind of identity, there is a social ranking. These rankings are both worldwide and more local, and both kinds of ranking have enormous consequences in the lives of the people and in the operation of thr capitalist world economy.  BSE 1F THANK YOU FOR YOUR ATTENTION AND PARTICIPATION