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Module 2.2 - Structures of Globalization

The document discusses several topics related to globalization including market integration, international financial institutions, and global governance. It provides examples of each: Coca-Cola's global pricing strategy to expand internationally is used to illustrate market integration. The International Monetary Fund and its objectives to provide temporary financial assistance and long-term loans to member countries is discussed as an example of an international financial institution. Global governance is defined as the process of designing laws and regulations at a global scale through political cooperation among transnational actors to address problems affecting states or regions.

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39 views8 pages

Module 2.2 - Structures of Globalization

The document discusses several topics related to globalization including market integration, international financial institutions, and global governance. It provides examples of each: Coca-Cola's global pricing strategy to expand internationally is used to illustrate market integration. The International Monetary Fund and its objectives to provide temporary financial assistance and long-term loans to member countries is discussed as an example of an international financial institution. Global governance is defined as the process of designing laws and regulations at a global scale through political cooperation among transnational actors to address problems affecting states or regions.

Uploaded by

ilalimngputingilaw3
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 PDF, TXT or read online on Scribd
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Contemporary

World
Prof. Joseph Christian P. Gesmundo
Chapter 2
Structures of Globalization
(Part 2)

Alternative Hybrid Education and Asynchronous Distance Learning


Market Integration

What is a market?
An area or arena in which commercial
dealings are conducted.

Market Integration occurs when prices among different location or


related goods follow the same pattern for a long period of time.

Alternative Hybrid Education and Asynchronous Distance Learning


Example of Market Integration

Coca-Cola exports to over 200


countries in the world. They
strategize the market value at a very
marketable price in order to expand
the business in other countries. This
means that prices are relative to every
countries in the world.

Alternative Hybrid Education and Asynchronous Distance Learning


International Financial
Institutions (IFIs)
The best known IFIs were established after World War II to assist in
the reconstruction of Europe and provide mechanisms for
international cooperation in managing the financial system.

Its owners or shareholders are generally national governments.

IFIs are chartered by more than one country and therefore are
subjects to international law.

Alternative Hybrid Education and Asynchronous Distance Learning


Examples of IFIs
1. International Monetary Fund (IMF)

An international monetary organization headquartered in


Washington D.C.

Objectives:
1. Provides temporary financial assistance to member countries to
help ease balance of payments and adjustments.
2. Provides financing for development to developing countries
through long term loans ( with maturities of up to 20 years) at
interest rates way below market rates), and very long term
loans ( credits with maturities of 30 to 40 years).

Alternative Hybrid Education and Asynchronous Distance Learning


Global Governance
What is Global Governance?
A movement towards political
cooperation among transnational
actors, aimed at negotiating
responses to problems that affect
one state or region.

Global Governance is not a singular system. There is no world


government but the many different regimes of global
governance do have commonalities.

It may be described as the process of designing laws, rules, or


regulations intended for global scale.

Alternative Hybrid Education and Asynchronous Distance Learning


Why is it about global governance?
Why is it beneficial?
https://www.youtube.com/watch?v=CUWiW8RqWSM

Activity:
Write a short essay on the new things you learned from watching the video
and your reaction to these new pieces of information. You may write in
English or Filipino.

Alternative Hybrid Education and Asynchronous Distance Learning

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