Activity 3

GLOBALIZATION

Activity 3 economy

BY DANIELA ALVES

ÍNDICE

Objetive

Bibliography

Thanks

Key concepts

Globalization

Myths

Conclusion

OBJECTIVES

AND GOALS FOR THE COUNTRIES

A constant challenge facing all countries in the world, regardless of their level of economic development, is achieving financial stability, economic growth and higher standards of living.

Sources: YouGov/ The Economist; World Bank; UN

KEY CONCEPTS

FOR UNDERSTANDING GLOBALIZATION

01

02

03

CRUCIAL FACTORS

REGIONAL DISPARITIES

FMI

arnd other organozations are key factors as they provide economies with economic analysis and policy advice in areas such as macroeconomic policy, the sustainability of the financial sector and the exchange rate system.

Between and inside countries

INVESTMENTTECHNOLOGY MACROECONOMIC INSTITUTIONS POLICIES EDUCATED WORKFORCE Must implemet for improving economy

Decreased poverty in South AsiaGrowed in sub-saharan countries

GLOBALIZATION

Concept and origin

The term "globalization" became popular in the 1980s due to technological advances that made it possible to carry out international transactions more quickly and efficiently. However, globalization is not limited to economic issues; It is also present in the personal, economic and political area, providing access to medical technology, improving trade, education and international cooperation on issues such as immigration and the environment. INFORMATION

GLOBALIZATION

TERM AND CONCEPT

Globalization is an historical process that has evolved over time. Furthermore, it reflects the growing interdependence of economies around the world through the exchange of goods, services, capital, information and people.

ADVANATGES

This trend has generated that the growth of global markets has driven efficiency through competition and specialization, allowing individuals and economies to focus on their strengths, giving rise to greater access to resources and larger markets, with greater competition, demand and diversity.However, the elimination of barriers and international trade have been crucial for the economic growth of developing countries, although today they have higher average tariffs than first world countries they have considerably reduced. This trend has been observed in advanced and developing economies, and has stimulated the expansion of capital markets, attracting investment and strengthening the economic growth. Some see it as a driver of growth and stability and this mainly benefits developed economies with strong institutions and stable macroeconomic policies; and a substantial trade opening are decisive to reap advantages and avoid these risks of volatility and financial crises. Globalization has contributed to the reduction of poverty and inequality in developing countries.

DISADVANATGES

However, globalization does not ensure common benefit, as countries must be willing to implement the policies necessary to maximize these benefits, and the most disadvantaged states may need international support to achieve this. The spread of technological advances and greater financial globalization have generated an increase in inequality by increasing the demand for qualified labor. - this countries cant reach the rythm - pollution

MYTHS

OF THE GLOBALIZATION

Operation of sweatshops

Race to the bottom

Downward pressure on wages

Multinationals pay higher wages and offer better working conditions in developing countries.

Multinationals not only look for the lowest paid workers

Technology and automatization

Reduction of the State

Irreversibility of globalization

Openness to globalization and economic growth

State is essential to establishing and enforcing rules and regulations that support globalization. .

Political will and infrastructure are factors that can affect globalization in the long term

Countries must address systemic problems, such as corruption and poor infrastructure, since globalization alone does not generate economic growth.

CONCLUSION

AND FUTURE OF THE GLOBALIZATION

CONCLUSION

AND FUTURE OF GLOBALIZATION

In conclusion, like a century ago, the global economy was more open, but World War I caused a downturn in openness. Nowadays we can see the same situation due to the new conflicts such as the war in Ukraine or the Palestinian Israel conflict. A few years ago, we could say that the globalization process was going to continue increasing, but today, we cannot guarantee the same. With a world so globalized and at the same time so divided, new conflicts, increasingly polarized societies and the lack of social awareness, the future of globalization is uncertain, and a scenario like this we cannot say what will happen in the distant future.

BIBLIOGRAPHY

OFTHE PRESENTATION

Bibliography

RESOURCESTHAT HAVE BEEN USED

Text in moovi

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