Contemporary World (GEC 003)

_________________ focuses on the integration of global economies as well as flow of trade and capital across nation borders.

• Political Globalization Aspect

• Economic Aspect

• Socio-cultural Aspect

_____________ emphasizes on the exchanging of social and cultures.

• Socio-cultural Aspect

• Political Globalization Aspect

• Economic Aspect

_________________ may be defined as a continuing process of interaction and integration between people, companies and government worldwide.

_____________ refers to the amount of political co-operation that exist between different countries.

• Socio-cultural Aspect

• Economic Aspect

• Political Gloalization Aspect

Economic Growth is measured by..

• Population Rate

• Gross National Product and Per Capital Income

• Gross National Income

means existing, occurring or living or living at the same time; belonging to the   same PRESENT time.

refers to the net worth of a country. 

• Globalization

• Inequality

• Wealth Inequality

• Income Inequality

a policy of systematic government intervention in foreign trade with the objective of encouraging domestic production.

means that new earnings are being distributed

• Wealth Inequality

• Income Inequality

• Globalization

• Contemporary

refers to the increasing interdependence of the world economies as a result of the growing scale of Cross border trade of commodities and

Services, flow of international capital, and wide and rapid spread of technologies. it reflects the continuing expansion and mutual integration of market frontiers, and is an irreversible trend for the economic development in the whole world at the turn of the millennium

• Economic Globalization

• Financial Globalization

• Globalization

• Political Globalization