Contemp 2

• Economic Globalization


  The expanding interdependence of world economies
• Innovation


  The IMF defined economic globalization as a historical process; it is the result of human and technological progress
• World trade Globalization


  An economic organization that eases trade among countries which was established in 1995
• China


  The nation-states which was considered as a major supplier and exporter of manufactured goods that has affected the world economy
• Globalization of production


  Implies the existence of multinational and the transnational corporations
• Global Corporations in the Philippines

  • San migurl corporation
  • Jollibee
• International Monetary system


  Internationally agreed rules, conventions, and institutions for facilitating international trade, investments, and flow of capital
• Cooperation and restore


  The two primary tasks of the UN
• IMS, WB


  The 2 first governmental sponsored International Financial Institutions
• Sustainable


  The WB has its second to promote prosperity in a way
• Financial corporation


  The identified five organizations of the WB have the functions to grant loans as well as assistance to the developing countries
• Regional development bank


  These were established in the 1960's to spur/ encourage social progress and economic growth
• Global market


  It was the result of the establishment of global economies
• Merge


  The integration of the global market started when big American corporations began to after the WWII
• Types of international financial

  • Intergovernmental
  • Poverty