Economics of Globalizaiton

Refers to the increased interconnectedness and interdependence of global markets.

• globalization of trade of goods and services

• globalization of financial and capital markets

• globalization of technology and communication

• globalization of production

Reduction of Trade Barriers is?

• A strategy to promote local businesses by restricting foreign goods.
• A method to increase tariffs on imports.
• The act of negotiating trade agreements to raise barriers.
• The process of lowering or eliminating tariffs and restrictions on international trade.

Which of the following is not a key features of technology and communication of globalization?

• Internet and Digital Connectivity

• Cross-Border Collaboration

• Rapid Information Dissemination

• Local cultural preservation

Which of the following describe globalization of production?

• It restricts sourcing to domestic suppliers only.
• It involves sourcing goods and services from different countries to optimize production.
• It focuses solely on local production methods.
• It eliminates the need for international trade.

A (a)   globalist is someone who advocates for the globalization of markets, believing that integrating economies across borders through free trade and open markets leads to economic growth, innovation, and prosperity for participating nations.

Which among the different type of globalist perspective do you think is most ideal? (Market, Imperial, Liberal)

What do you think is the downside or negative effect of the globalization of production for developing countries?

The perspective of (a)   globalist sees globalization as an extension of power, with influential countries or regions shaping global structures and policies in ways that reflect their interests and values.

This process allows investors, businesses, and governments to access and move funds globally, leading to deeper and more diverse capital markets.

• globalization of trade of goods and services

• globalization of financial and capital markets

• globalization of production

• globalization of technology and communication

Which of the following is foreign exchange market that enables currency trading?

• Gcash

• Binance

• Currency Markets (Forex)

• Bitcoin