Globalization Flashcards
Lesson 2
and innovation in transportation, information and communication technology, sciences, and technological advancements have made the world smaller
The world has shrunk
One of the largest global movements addressing the issue of climate change
350.org
exists because this fragile earth deserves a voice
Greenpeace
deal with the global rules of TRADE between nations.
World Trade Organization (WTO)
PROCESS of expansion & intensification of social relation
Globalization
refers to the creation of new social networks and multiplication of existing connections
Expansion
-Global movement of people
-flow culture
-circulation of mechanical goods and software
-global circulation
-ideoscape
ethnoscape
mediascape
technoscape
financescape
ideoscape
A pact between two or more nation to reduce barriers to imports and exports among them
Free trade agreement (FTA)
is an agreement between two or more countries where countries agree on a certain obligations that affect trade in goods
Free trade agreement FTA
Philippines’ only bilateral free trade agreement. 2008
Philippine japan economic partnership agreement
PJEPA
EFTA
PHILIPPINE JAPAN ECONOMIC PARTNERSHIP AGREEMENT
European free trade association
Reduce tariffs
Benefits of free trade
Has political component
Free trade
The main purpose of this institution is to address the great depression caused by the great world war
The World Bank
