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Flows in The Age of Globalization: Powerpoint Presentation For Activities 3 and 4

Globalization has led to increased flows in trade, capital, people, and culture across borders. There has been a large rise in global trade since the 1970s, especially in manufactured goods, while exports of raw materials from poorer countries have declined. Capital also flows more between countries through foreign investment, loans, and official development aid. People migrate internationally for work, such as the millions of Filipino overseas workers. Economic and cultural globalization have connected world markets and spread ideas and lifestyles globally. Political globalization involves international institutions managing transnational issues beyond individual nations.

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Zchareene Cordova
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406 views11 pages

Flows in The Age of Globalization: Powerpoint Presentation For Activities 3 and 4

Globalization has led to increased flows in trade, capital, people, and culture across borders. There has been a large rise in global trade since the 1970s, especially in manufactured goods, while exports of raw materials from poorer countries have declined. Capital also flows more between countries through foreign investment, loans, and official development aid. People migrate internationally for work, such as the millions of Filipino overseas workers. Economic and cultural globalization have connected world markets and spread ideas and lifestyles globally. Political globalization involves international institutions managing transnational issues beyond individual nations.

Uploaded by

Zchareene Cordova
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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FLOWS IN THE AGE

OF GLOBALIZATION
POWERPOINT PRESENTATION FOR ACTIVITIES 3 AND 4
GLOBAL TRADING
• Global trading concerns importation and exportation.
• The world saw an increase in world trade from 1971 to 1999, the
biggest increase was seen in the export of manufactured goods.
• On the other hand, export of primary commodities such as food
and raw materials often produced by poor countries declined
(IMF,2000).
CAPITAL MOVEMENT
• There was an increase of capital flows to poor countries during the 1900s (IMF,
2000).
• One manifestation of capital movement is foreign investment.
Foreign investment can be categorized as commercial loans,
official flows, or foreign direct investment.
• Commercial loans are money lent to foreign businesses or
governments, while official flows refer to development aid or
money granted by rich countries to developing nations.
• Foreign direct investment refers to buying or
putting up a firm in a foreign country or
contributing to the enhancement of an existing firm.
• Transnational corporations, businesses that operate
in more than one country, primarily undertake
foreign direct investment.
MOVEMENT OF PEOPLE

• People can migrate to other countries in search for


better employment opportunities.
• In the Philippines, the number of Overseas Pilipino
Workers during the period April to September 2018
was estimated at 2.3 million (Philippine Statistics
Authority, April 2019).
ECONOMIC GLOBALIZATION

Economic globalization is a complex global process of


expanding the market system all throughout the world. The
market economy, the economic systems that gives freedom to
entrepreneurs to control productive process to pursue profits, is
just one kind of economic system designed by human societies.
It is a corporate–driven process of enhance transnational
exchange of products, services, technologies, and capital
creating an increase interdependence of world economies.
CULTURAL GLOBALIZATION

Cultural globalization refers to the increasing “contact


between people and their cultures- their ideas, their values,
their ways of life”. This significant change is getting
deeply entrenched in contemporary societies. It is also
linked to globalization of lifestyles such as music, media,
fashion, food, as well as globalization of knowledge,
science, and technology.
POLITICAL GLOBALIZATION

Political globalization is the enlargement of the


international political system and its establishments,
where inter-regional dealings, including trade, are
managed.
Conventional politics usually happens within national
political spheres, in political globalization on the other
hand, political decision-making can transcend the
boundaries of nations. When talking of managing
economic and trading matters, security, environment
and other transnational issues, some institutions come
into play such as the World Bank, International
Monetary Fund, United Nations, among others.

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