What Is Globalization Week 2
What Is Globalization Week 2
What Is Globalization Week 2
Learning Activity:
Look around your room/living room and do an Inventory of
everything you have in your possession. List the “things” that
are made in the Philippines, those that are of foreign
brands. List the countries of origin of your foreign-brands
items.
United Nations
General Assembly
(UNGA) voted on a
resolution
condemning Russia’s
invasion of Ukraine.
GLOBALIZATION
The opening of
International Borders to
increase of fast flows of
goods, services, people
and ideas (information).
Free Trade
Principles:
A REDUCE Tariffs
(Tax on the Product/s)vital in all Trade Agreement
REDUCE Non-Tariff Barriers
(Quotas, Exports Subsidies, Licensing Requirements)
B NON Discrimination Policy
NATIONAL Treatment Rules
C (No Special Rules/Any Product cannot be treated any
differently than the domestically produced)
Reciprocity
Exceptions
Principles:
A REDUCE Tariffs
(Tax on the Product/s)vital in all Trade Agreement
REDUCE Non-Tariff Barriers
(Quotas, Exports Subsidies, Licensing Requirements)
B NON Discrimination Policy
NATIONAL Treatment Rules
C (No Special Rules/Any Product cannot be treated any
differently than the domestically produced)
Reciprocity
Exceptions
KEY TAKEAWAYS:
KEY TAKEAWAYS:
A
Free Trade – has POLITICAL COMPONENT
e.g.
Germany needed France for Its Coal
and France Needed Germany for its
Steel.