GLOBALIZATION

refers to the growth to

global connectivity, integration, and interdependence.

The notion of it is linked to the movement

of people, labor, capital, and knowledge (technology) across international borders.

(a)  

What are the 2 kinds of Globalization?

(a)  

refers to the merging of historically

distinct and separate national markets into

one huge global marketplace.

• Globalization of Market

• Globalization

• Globalization of Production

refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production like land, labor, and capital

• Globalization

• Globalization of Market

• Globalization of Production

Globalization in the Philippines has allowed major changes in the nation like

more labor, and more foreign companies has

emerged in the nation to help the country’s

developing economy

• True

• False

• help manage, regulate, and police the global marketplace

• promote the establishment of multinational treaties to govern the global business system

(a)  

a treaty minimizing barriers to international

trade by eliminating or reducing quotas, tariffs, and subsidies.

• GATT

• WTO

• IMF

• UN

deals with the global rules of trade between

nations. Its main function is to ensure that

trade flows as smoothly, predictably and freely as possible

• GATT

• WTO

• IMF

• UN

is an international organization that

promotes global economic growth and

financial stability, encourages international

trade, and reduces poverty

• IMF

• GATT

• WTO

• UN

promotes economic development,

focusing on making low- interest

loans governments in poor nations.

• GATT

• IMF

• THE WORLD BANK (1944)

• UN