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    Introduction To Globalization: Presented By: CB Ronie E. Sugarol, MPBM

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    Ronie Sugarol
    The document is an introduction to globalization presented by CB Ronie E. Sugarol at Florencio L. Vargas College. It defines globalization as the process by which businesses operate internationally and cultures, governments and economies become more interconnected. It describes the globalization of markets through merging national markets and the globalization of production through international sourcing. It also outlines the emergence of international institutions like the WTO, IMF, World Bank and UN that facilitate global economic cooperation and trade. The main drivers of globalization are identified as international trade, financial flows, communications, technology, and population movements.

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    Introduction To Globalization: Presented By: CB Ronie E. Sugarol, MPBM

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    Ronie Sugarol
    41 views10 pages
    The document is an introduction to globalization presented by CB Ronie E. Sugarol at Florencio L. Vargas College. It defines globalization as the process by which businesses operate internationally and cultures, governments and economies become more interconnected. It describes the globalization of markets through merging national markets and the globalization of production through international sourcing. It also outlines the emergence of international institutions like the WTO, IMF, World Bank and UN that facilitate global economic cooperation and trade. The main drivers of globalization are identified as international trade, financial flows, communications, technology, and population movements.

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    GBM-Introduction

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    The document is an introduction to globalization presented by CB Ronie E. Sugarol at Florencio L. Vargas College. It defines globalization as the process by which businesses operate internationally and cultures, governments and economies become more interconnected. It describes the globalization of markets through merging national markets and the globalization of production through international sourcing. It also outlines the emergence of international institutions like the WTO, IMF, World Bank and UN that facilitate global economic cooperation and trade. The main drivers of globalization are identified as international trade, financial flows, communications, technology, and population movements.

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    41 views10 pages

    Introduction To Globalization: Presented By: CB Ronie E. Sugarol, MPBM

    Uploaded by

    Ronie Sugarol
    The document is an introduction to globalization presented by CB Ronie E. Sugarol at Florencio L. Vargas College. It defines globalization as the process by which businesses operate internationally and cultures, governments and economies become more interconnected. It describes the globalization of markets through merging national markets and the globalization of production through international sourcing. It also outlines the emergence of international institutions like the WTO, IMF, World Bank and UN that facilitate global economic cooperation and trade. The main drivers of globalization are identified as international trade, financial flows, communications, technology, and population movements.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 10

     

    F. L. VARGAS COLLEGE
    Tuguegarao City
    GRADUATE SCHOOL

    Introduction to Globalization

    Presented by:

    CB RONIE E. SUGAROL, MPBM


    LEARNING OUTCOMES:
    1. Instil what is meant by the term globalization.
    2. Describe the global emergence of institutions.
    3. Recognize the main drivers of globalization.

    FLORENCIO L. VARGAS COLLEGE


    Caritan, Tuguegarao City, Cagayan, Philippines
    What is Globalization?

    Process by which businesses or other organizations develop


    international influence or start operating on an international
    trade scale.

    Process in which people, ideas and goods spread throughout


    the world, spurring more interaction and integration between the
    world’s cultures, governments and economies

    FLORENCIO L. VARGAS COLLEGE


    Caritan, Tuguegarao City, Cagayan, Philippines
    What is Globalization?

    Types of Trade – International Trade and Domestic


    Trade
    International Trade – exchange of goods or services
    along international borders. Allows greater competition
    and more competitive pricing in the market. (1) Import
    Trade, and (2) Export Trade

    Domestic Trade – exchange of goods, services at


    domestic border.(1) Wholesale Trade; (2) Retail Trade

    FLORENCIO L. VARGAS COLLEGE


    Caritan, Tuguegarao City, Cagayan, Philippines
    GLOBALIZATION OF MARKETS

    1. Merging of historically distinct and separate national markets


    into one huge global marketplace.
    2. Falling barriers to cross-border trade to sell internationally.
    3. Interdependent World Economy.

    FLORENCIO L. VARGAS COLLEGE


    Caritan, Tuguegarao City, Cagayan, Philippines
    GLOBALIZATION OF PRODUCTION
    1. Sourcing of goods and services from locations around
    the globe to take advantage of national differences in
    the cost and quality of factors of production (labor,
    land, energy and capital).
    2. Lowering overall cost structure or improve the quality
    or functionality of their product.
    3. Effective competition.

    FLORENCIO L. VARGAS COLLEGE


    Caritan, Tuguegarao City, Cagayan, Philippines
    GLOBAL EMERGENCE OF INSTITUTIONS

    1. General Agreement on Tariffs and Trade (GATT) to World


    Trade Organization (WTO) – policing the world trading
    system and making sure nation-states adhere to the rules
    laid down in the trade treaties signed by WTO member
    states.
    2. International Monetary Fund (IMF)-maintain the order in
    the international monetary system
    3. World Bank – to promote economic development
    4. United Nations – committed to preserving peace through
    international cooperation and collective security.
    5. G20tx – to formulate a coordinated policy response to
    financial crises in developing nations.

    FLORENCIO L. VARGAS COLLEGE


    Caritan, Tuguegarao City, Cagayan, Philippines
    DRIVERS OF GLOBALIZATION

    The main drivers of globalization:

    1. International Trade (lower trade barriers and more


    competition)
    2. Financial Flows (foreign direct investment, technology
    transfer/licensing, portfolio investment, and debt).
    3. Communications (traditional media and the Internet)
    4. Technological advances (transportation)
    5. Population (labor)

    FLORENCIO L. VARGAS COLLEGE


    Caritan, Tuguegarao City, Cagayan, Philippines
    References:

    1. https://BusinessDictionary.com, What is international trade?


    Definition and meaning
    2. https://searchcio.techtarget.com, what is globalization?
    3. International Business, McGraw-Hill Education 2013 edition

    FLORENCIO L. VARGAS COLLEGE


    Caritan, Tuguegarao City, Cagayan, Philippines
    FLORENCIO L. VARGAS COLLEGE
    Caritan, Tuguegarao City, Cagayan, Philippines

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