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ECONOMIC GLOBALIZATION Mamedgassanova Aitan Andreichenko Kamilla

HISTORYTHE INDUS VALLEY CIVILIZATION all the way to MESOPOTAMIA Early as 4000 BC Mesopotamia - TOKEN SYSTEM as COMMODITY MONEY

Слайды и текст этой презентации

Слайд 1 ECONOMIC GLOBALIZATION


Mamedgassanova Aitan
Andreichenko Kamilla

ECONOMIC GLOBALIZATIONMamedgassanova AitanAndreichenko Kamilla

Слайд 2HISTORY
THE INDUS VALLEY CIVILIZATION all the way to MESOPOTAMIA

Early as 4000 BC

Mesopotamia - TOKEN SYSTEM as

COMMODITY MONEY

HISTORYTHE INDUS VALLEY CIVILIZATION all the way to MESOPOTAMIA  Early as 4000 BC  Mesopotamia -

Слайд 3 ECONOMIC GLOBALIZATION
COMMUNICATION
TRANSPORTATION
TRADE

ECONOMIC GLOBALIZATIONCOMMUNICATIONTRANSPORTATIONTRADE

Слайд 4COMMUNICATION
MODERN COMMUNICATION TECHNOLOGY AND MASS MEDIA ARE GLOBAL STANDARD

IT’S RELATIVELY

EASY AND INEXPENSIVE TO STAY IN TOUCH

COMMUNICATIONMODERN COMMUNICATION TECHNOLOGY AND MASS MEDIA ARE GLOBAL STANDARDIT’S RELATIVELY EASY AND INEXPENSIVE TO STAY IN TOUCH

Слайд 5TRANSPORTATION
TRAVEL AND SHIPPING ARE CHEAP AND SAFE

TRANSPORTATIONTRAVEL AND SHIPPING ARE CHEAP AND SAFE

Слайд 6TRADE
MULTI-NATIONAL CORPORATION HAVE GLOBAL REACH AND INCREASING POWER
e.g.. McDonald Corp.,

Intel Corp. etc.
GOVERNMENTS HAVE DECREASES TARIFFS AND REGULATION ON INTERNATIONAL

TRADE
TRADEMULTI-NATIONAL CORPORATION HAVE GLOBAL REACH AND INCREASING POWERe.g.. McDonald Corp., Intel Corp. etc.GOVERNMENTS HAVE DECREASES TARIFFS AND

Слайд 7FORMS OF ECONOMY
PROTECTIONISM
TRADE LIBERATION

FORMS OF ECONOMYPROTECTIONISM  TRADE LIBERATION

Слайд 8Protecting one’s economy from foreign competition by creating trade barriers
Domestic

products > Imported goods



TARIFF- tax levied by a government on

imports and exports.
The money collected from tariffs is called a customs duty
IMPORT QUOTA- limits on the number of products that can be imported into a country
BANS- forbid products on import goods
Protecting one’s economy from foreign competition by creating trade barriersDomestic products > Imported goodsTARIFF- tax levied by

Слайд 9also called “ FREE TRADE”
Act of reducing trade barriers to

make international trade easier between countries

× TARIFF
×IMPORT QUOTA
×BANS

also called “ FREE TRADE”Act of reducing trade barriers to make international trade easier between countries× TARIFF×IMPORT

Слайд 10World Bank
International Monetary Fund (IMF)
World Trade Organization (WTO)

World BankInternational Monetary Fund (IMF)World Trade Organization (WTO)

Слайд 11WORLD BANK
Also called Int’l Bank for Reconstruction and Development (IBRD)

Increases

in economic growth and decreases poverty in developing countries
e.g. Increases

in education since 1962 like Bangladesh, Chad and Afghanistan
WORLD BANKAlso called Int’l Bank for Reconstruction and Development (IBRD)Increases in economic growth and decreases poverty in

Слайд 12WORLD TRADE
ORGANIZATION (WTO)
Formerly known as General Agreement on Tariffs and

Trade (GATT)
Deals with the rules of trade between nations, settles

trades disputes and conduct straight negotiations

e.g. (May 2013) Japan and European Union bought a case to WTO regarding unfair renewable energy serves offered in Ontario
WORLD TRADEORGANIZATION (WTO)Formerly known as General Agreement on Tariffs and Trade (GATT)Deals with the rules of trade

Слайд 13INTERNATIONAL
MONETARY FUND
(IMF)
Provides short term loans to countries when an emergency occurs

e.g.

Yemen receive 93 Million USD (2012) during struggle to terrorism

INTERNATIONALMONETARY	FUND(IMF)Provides short term loans to countries when an emergency occurse.g. Yemen receive 93 Million USD (2012) during

Слайд 14BENEFITS VS DRAWBACKS
Solves trade disputes between countries in a peaceful

ways
×But only focuses on developed nation
Lowers the cost of goods

and services for those developed nation
×To achieve low cost, labour rights and environmental concerns are ignored
Promotes economic growth in developed countries
×Favour the rich nations and powerful trans-national corporation
BENEFITS VS DRAWBACKSSolves trade disputes between countries in a peaceful ways×But only focuses on developed nationLowers the

Слайд 15Examples of Globalization
Multinational corporations operate on a global scale, with

satellite offices and branches in numerous locations
Outsourcing can add to

the economic development of a struggling country, bringing much needed jobs
Some automobiles use parts from other countries, as in a car being assembled in the United States with the parts coming from Japan, Germany, or Korea
The Free World Trade Organization supervises world trade
The European Union is an economic and political union of 28 countries that are located primarily in Europe
The North American Free Trade Agreement (N.A.F.T.A.) is a trade bloc in North America
One shirt sold in the United States could have been made from Chinese cotton by workers in Thailand. Then it could have been shipped on a French freighter that had a Spanish crew
A McDonald's in Japan and other countries shows the growth of companies over the entire world

Examples of Globalization Multinational corporations operate on a global scale, with satellite offices and branches in numerous

Слайд 16Baldwin, R., P. Martin, and G. Ottaviano. 2001. Global income

divergence, trade, and industrialization: The geography of growth take-offs. Journal

of Economic Growth 6 (1): 5–37.
Crafts, N. and Venebles, A. 2003. Globalization in History:A Geographical Perspective,
University of Chicago Press.
Audinet, J.P. (2006, April ). Globalization, Liberalization and Protectionism. Retrieved from http://www.ruralpovertyportal.org/documents/654016/100542/DLFE-1614.pdf
Erixon, F., & Sally, R. (2010, November ). Ecipe.org. TRADE,GLOBALISATION AND EMERGING PROTECTIONISM SINCE CRISIS.
Helen, M. (2001, ). Georgetown.edu. Globalization, Development, and International Institutions: Normative and Positive Perspectives. Retrieved from http://faculty.georgetown.edu/jrv24/milner_05.pdf
Baldwin, R., P. Martin, and G. Ottaviano. 2001. Global income divergence, trade, and industrialization: The geography of

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