PRELIM GNED 07 CONTEMP Flashcards
COMPUTER SCIENCE
It is a complex state,
characterized by the rapid
and scientific and
technological
advancements, colorful
transfer of culture, and
thriving economies.
The Contemporary World
A term used to describe how trade and technology
have made the world into a more connected and
interdependent place. Globalization also captures in
its scope the economic and social changes that
have come about as a result”.
Globalization
All those processes by which the people of the world
are incorporated into a single world society”
Globalization
Defined as the intensification of worldwide social
relations which link distant localities in such a way
that local happenings are shaped by events
occurring many miles away and vice versa”
.
Globalization
It is primarily an economic process that is usually
pertaining to the integration of national markets to a
global market signified by an increase in free trade”
.
Globalization
The process by which businesses or other
organizations develop international influence or start
operating in international scale”
Globalization
Characteristics of Globalization
free trade
liberalization
active process
borderless interaction
intensification of interaction
social mobility of movements of
people
spread of ideas, knowledge,
technology & etc
Indicators of Globalization
International Trades
Capital movements &
foreign direct investments
Economic activity of
multinational firms
Internationalization of
technology
PESTLE (Dimensions of Globalization)
POLITICAL
ECONOMICAL
SOCIO-CULTURAL
TECHNOLOGICAL
LEGAL
ENVIRONMENTAL
can be defined as
the process in which businesses, organizations,
and countries begin operating on an
international scale. (keyword)
It is a complex global
process of expanding the market economic
system all throughout the world
Economic Globalization
the economic exchanges and deals
between countries, (keyword)
is enabled by
international fiscal payments where
private banks and the central banks
of particular nations play important
roles.
Trading
The transfer of capital between
countries, either by companies or
individuals. (keyword)
Restrictions on exchange
controls and capital transfers
between countries have been
greatly reduced in recent years.
Capital Movement
seeking long-term gains
are usually those made
by companies investing
abroad, for example to
set up a factory
Capital movements
seeking short-term gains are often
more speculative, such as
those taking advantage of
temporarily high interest
rates in another country or
an expected change in the
exchange rate.
Capital movements
People flows refers to the movement
of people across international
borders in the form of immigration,
international student flows, business
travel, and tourism.
movement of people
refers to the flow of
information, people, cultural practices, tastes,
and styles across the world. It is manifested as
the growth of cultural flows at the global scale
Cultural Globalization
It refers to the intensification and expansion of
political interrelations across the globe.
‘The political dimension of globalization’ raises
political issues relating to state sovereignty and
the question of whether the nation-state will
survive globalization.
Political Globalization
International Economic Organizations
International Monetary Fund
World Bank
Organization for Economic Cooperation & Development
These organizations are critical in developing and pushing for neoliberal policies among
different countries.
They also help in facilitating trade and development discussions among
various states.
International Monetary Fund
World Bank
Organization for Economic Cooperation & Development
is a global organization that works to achieve sustainable
growth and prosperity for all of its 190 member countries.
IMF (International Monetary Fund
The IMF is governed by and accountable to _____ countries
That make up its near-global membership
190
The IMF was founded by ____ member countries that sought to build a framework for economic cooperation.
44
The IMF was established in ______ in the aftermath of the Great Depression of the 1930’s
1944
What does the IMF do?
The IMF fosters international financial stability by offering
Policy Advice
Financial Assistance
Capacity Development
Monitoring economic and financial developments and advising countries
Policy Advice
Loans and other financial aid to member countries
Financial Assistance
is an international organisation that works to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. We draw on 60 years of experience and insights to better prepare the world of
tomorrow.
The Organisation for Economic Co-operation and Development
(OECD)
Technical assistance and training to help governments to implement sound economic policies
Capacity Development
like a cooperative, made up of189member
countries.
World Bank
REGIONAL ORGANIZATIONS
These organizations promote regional agreements and standards that facilitate better trade
and exchange of knowledge, human resources, and regional cooperation.
Association of Southeast Asian Nations
North American Free Trade Agreement (NAFTA)
REGIONAL ORGANIZATIONS
The ___________ was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN
Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN:
Indonesia, Malaysia, Philippines, Singapore and Thailand. Brunei
Darussalam joined ASEAN on 7 January 1984,followed by Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30
April 1999,making up what is today the ten Member States of ASEAN
Association of Southeast Asian Nations, or ASEAN
aims to ensure regional peace and a just, democratic, and harmonious environment
APSC -The ASEAN Political Security Community
aims to achieve a well integrated and connected regional economy within the global economic system
AEC- The ASEAN Economic Community
aims to enhance the quality of life of ASEAN citizens and promote sustainable developments in the region.
ASCC- The ASEAN Socio-Cultural Community
established a free trade zone in North America; it was signed in 1992 by Canada, Mexico,
and the United States and took effect on Jan. 1, 1994
NAFTA- North America Free Trade Agreement
