Chapter 2
Structures of Globalization: The Global Economy
References:
Burges, Sean. Economic integration. https://www.britannica.com
Regional Economic Integration
https://opentext.wsu.edu/cpim/chapter/2-4-regional-economic-integration/
INTENDED LEARNING OUTCOMES:
Identify the actors that facilitate economic globalization (CLO2);
Articulate a stance on global economic integration (CLO2)
I. PREPARATION
Describe your spending habit or behaviour.
What, how and where do you shop?
II. PRESENTATION
A. Economic Globalization
Economic globalization refers to the increasing interdependence of
world economies as a result of the growing scale of cross-border trade of
commodities and services, flow of international capital and wide and rapid
spread of technologies.
B. Drivers of Economic Globalization
Advancement of Science and Technologies
Reduced cost in transportation and communication makes it
possible to organize and coordinate global production which makes the
concept of national boundaries and distance for certain economic
activities meaningless
Multinational Corporations (MNCs)
Multinational Corporations (MNCs) are globally organizing
production and allocating resources according to the principle of profit
