Structure of globalization Flashcards
refers to the expanding interdependence of world economies
Economic Globalization
it defined economic globalization as a historical process, the result of human innovation and technological progress.
International Monetary Fund (IMF
a network of trade routes that connected the East, particularly China, and the West.
Silk Road
eases trade among countries.
World Trade Organization (WTO)
has the role of managing the national economy
Nation-state
one of the actors that facilitate economic globalization.
International Monetary Systems (IMS)
the expansion and intensification of social relations and consciousness across world time and space implies that there are various forms of connectivity.
globalization
multidimensional phenomenon, creating economic, political, cultural, and even technological forms of connectivity. This course pack focuses on the economic dimension.
Globalization
refers to the expanding interdependence of world economies
Economic globalization
Moreover, the flow of international capital can be observed in foreign direct investments (FDI), a type of investment in which a company establishes a business in another country for production of goods or services and still takes part in the management of that business.
Global Economy
defined economic globalization as a historical process, the result of human innovation and technological progress.
International Monetary Fund (IMF)
network of trade routes that connected the East, particularly China and the West. Historically, these routes also led to the discovery of the Philippine Islands when Portuguese and Spanish envoys were in search of spices, which then spawned colonization.
Silk Road
first dimension of economic interconnectedness is demonstrated in the establishment of
World Trade Organization (WTO)
established in 1995, “ensures that trade flows as smoothly, predictably, and freely as possible”
World Trade Organization (WTO)
the process of “making the world economy an ‘organic system’ by extending transnational economic processes and relations to more and more countries and by deepening the economic interdependencies among them.”
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