the global economy M2
it refers to the expanding interdependence of world economies
economic globalization
according to this person economic globalization attributes this to the growing scale of cross border trade commodities and services flow of international capital and wide and rapid spread of technology
Shangquan 2000
the flow of international capital can be observed in _ a type of investment in which companies establishes a business in another country for production of goods or services and still takes part in management of the business
foreign direct investment (FDI)
deserves to stabilize international monetary system and access a monitor of the world's currencies. it keeps track of the economic globally and in membrane countries lends the countries with balance of payments difficulties and gives practical help to members
imf
IMF defined this as a historical process that result of human innovation and technological progress
economic globalization
according to _ it refers to the increasing integration of economies around the world particularly through the movement of good services and capital across borders
imf 2008
it is considered as the first evidence of globalization
silk road
it derives its name from the lucrative trade in silk carried along its length beginning in the han dynasty in china
silk road
silk road land roots connecting
east asia
southeast asia
south asia persia
arabian peninsula
east africa
southern europe
what are the four dimensions of economy
globalization of trade of goods and services
globalization of financial and capital markets
globalization and technology and communication
globalization of production
globalization of trade of goods and services
it is a eases trade among countries and it was established in 1995 which ensures that trade flows as smoothly predictably and freely as possible
world trade organization
globalization of trade of goods and services
this country is considered as a major supplier and explorer of manufactured goods
china
globalization of trade of goods and services
company services is increasing throughout the philippines, american companies setup subsidiaries in the country because of cheap labor cost english proficiency and customer service skills are a common reasons
business process outsourcing or bpo
globalization of financial and capital markets
various financial institutions including banks and institutional investors have expanded their activities_
newly issued securities are designed and offered to the public in such a way as to maximize their _
geographically
appeal to investors
globalization of technology and communication
it is a driving factor in the process of globalization
information and communication technology or ict
factors of ict that contribute in driving globalization
complexity and enormity of products and services
organizations moving from hierarchical to network organizational structures
integration of market and cyberspace
open source software
transfer from the physical domain to digital domain
new business model
this fourth dimension is best illustrated by the existence of multinational corporations and transnational corporations
globalization of production
globalization of production
it is usually a large corporation incorporated in one country which produces or sells goods or services in various countries it has two main characteristics their large size and the fact that their whole worldwide activities are centrally controlled by the parent companies
multinational corporations MNCs
globalization of production
it is a huge company that does business in several countries and they are much richer than entire countries in the less developed world. such companies can provide work and enrich economy some say they can exploit the workers with low pay and destroy the environment
transnational corporations TNCs
multinational versus transnational
own a home company and its subsidiaries
multinational
multinational resistance national
have a centralized management system
multinational
multinational versus transnational
it will face a barrier in decision making due to its centralized management system
multinational
multinational versus transnational
do not have a subsidiaries but just many companies
transnational
multinational versus transnational
do not have a centralized management system
transnational
multinational versus transnational
they are able to gain more interest in the local market since they maintain their own systems
transnational
there are different views on who or what the actors are that facilitate economic globalization
nation states
global corporations
international monetary system
the role of it as manager of the national economies being redefined by globalization although such in the case it act as buffer to negative effects of globalization
nation states
he called the government as the midwives of globalization
brodie 1996
despite assuming a global perspective it acts as mediators between the effects of globalization in the national economy
nation states
in the lumeng trade war between china and united states each government imposes _ on goods and services and effect the economies of the rest of the world
high tariffs
global corporation also known as _ scoin from the base term _which means all around the world
global company
global
it is a company that does business all over the world and that operates in at least a country other than the country where it originated
global corporation
what are the benefits of global corporation
he can increase your customer base
he can reduce your operating costs
you don't need to be bugged down by seasonality
you can boost the growth rate of your company
you can create new jobs
it is a set of internationally agreed rules conventions and supporting institutions that facilitate international trade cross border investment and generally the relocation of capital between nation states.
international monetary system
it should provide means of payment acceptable to buyers and sellers of different nationalities including deferred payment
international monetary system
what are the three global international monetary system
gold standard system
bretton woods system
european monetary system
international monetary system
it functions as a fixed exchange rate regime with gold as the only international reserve and participating countries determine the gold content of national currencies.
global standard - gold standard system