PRELIM GNED 07 CONTEMP Flashcards
COMPUTER SCIENCE (35 cards)
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
