Introduction
Refers to the emerging of an international network, belonging to an economical and social system.
GLOBALIZATION
A group of people residing within the state's territory is called?
Population
What is the most pandemic impact that affected economic Globalization?
COVID-19
Describes the big national trusts and other large enterprises of the time were called?
GIANT CORPORATIONS
Concentrates on long-term economic development and poverty reduction.
World Bank
Embrace all humanity, hypothetically or actually is called?
UNIVERSALISM
Supreme authority and independence to govern itself without external interference is called?
Sovereignty
Give 1 trend in Economic Globalization
A company that operates in multiple countries, managing production or delivering services in more than one nation.
(MNC) Multinational Corporation
Focuses on macroeconomic and financial stability.
(IMF) The International Monetary Fund
What are the 3 long-standing challenges Globalization faces?
1. Poverty
2. Education/Educational
3. Gender attainment goals
The most important international institution established is called?
(UN) United Nation
What is the number 1 outsourcing country in the world?
Philippines
Give 1 economic influence of Multinational Corporation
1. Market Dominance
2. Economic Integration
3. Job Creation and Economic Growth
An ideology of Globalization that supports the strengthening of international institutions and agreements.
Political Globalism
International Monetary System
Give 1 Global Citizenship features
1. Global Citizenship is a Choice
2. Global Citizenship requires self-awareness, awareness of others, and sense of responsibility towards them
3. Global Citizenship implies intercultural competence
4. Global Citizenship enables individual to make decisions grounded on ethical principles
5. Global Citizenship implies the individual’s participation in both local and global affairs
The theory provides a nuanced perspective on the role of demand in international trade.
THEORY OF OVERLAPPING DEMAND
Give the two global governance institutions multinational corporations participate.
1. (WTO)World Trade Organization
2. (IMF) International Monetary Fund
What is Religious Globalism?
Seeks to spread religious values and beliefs globally.
Can be inclusive, promoting interfaith dialogue and understanding, or exclusive, aiming to expand a particular religious doctrine.
Influences cultural globalization and often intersects with political and social movements.
What was introduced by 2nd wave of Globalization?
Economies of Agglomeration
What country attained independence in 1994 making UN Trustee Council inactive?
PALAU
The theory reshapes the traditional free trade doctrine by introducing concepts that address the limitations of classical trade theories. It restructures the free trade doctrine by integrating more realistic assumptions about market structures, economies of scale, product differentiation, and the role of government policy.
New Trade Theory (NTT)
Give the 3 Challenges and Criticisms of Multinational Corporation
Economic Inequality
Loss of Sovereignty
Consumer Welfare
Give the 3 Major Types of Economic System
1. Planned Economies
2. Market Economies
3. Mixed Economies