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globalization
-
- benefited multinational corporations in the devaluation of Thai Bhat that resulted in
highly developed world at the expense of local the falling of Asian economies which
enterprise, local cultures and common people heightened inflation.
because of the absence of laws to restrict them their allied countries such as the
from doing so Philippines, South Korea, Malaysia,
- money is more important to the point that they Singapore and Vietnam were also affected
give little to no importance about the lives of the the International Monetary Fund (IMF)
people that are at risk helped them (loan)
structures of globalization
- are (most of the time) owned by multinational
- acknowledged by the audience because they companies
have legitimate powers to rule - its main function is to fulfill the obligations and
shortcomings of the government, and help solve
relevant issues
- individuals or organizations that do not belong - sometimes more efficient than some
nor ally themselves to any particular states or government agencies
country, yet possess great political, social and Crisis Management (Marawi Disaster)
economic powers - help from the government has to go
- is off limits and does not have legitimate powers through a lot of processes while NGOs
to rule people but still has a great influence can send their help directly
- serves as a shadow - examples of these are:
- research and dev’t for human rights
- typically considered as a part of civil society but
operate independently from any form of - eliminate poverty
government
- not funded nor guided by the government, - provide healthcare just like UNICEF
instead, their funds come from donations and its
stakeholders - WWF, Green Peace, Sustainable
Fisheries
tg
- business that operates and conducts business - The Bretton Woods Conference in July 1944
activities in more than one country - paved the way for the creation of two
- large companies that aims several different international banking institutions known as the
subsidiaries that are involved in defense International Monetary Fund (IMF) and the World
contracting, aviation, construction, shipping, Bank
software, financial services, and the like - Hampshire, U.S. between 44 countries
Samsung, Apple, KFC, Adidas, Google Yahoo
McDonalds
- short-term
- have 13,381 stores in U.S., 3,598 in
- promote monetary cooperation and international
Japan, 1,400 in Canada, 1,286 in
financial stability
Germany
- was designed to monitor the system of pegged
UNILEVER
or fixed exchange rate
- has a total of 400 subsidiary
- provides short term loans to aid countries facing
companies
balance of payment deficits
- Surf, Pepsodent, Knorr, Vaseline, Lux,
Rexona, St. Ives, Dove, Lipton,
Tresseme, Ben&Jerries, Magnum, - help countries affected by wars and promote
Breeze financial stability
- has more than 155,000 employees
NUTRIASIA - collect massive informative in different
- violated human rights of workers countries
- their subsidiary companies such as -
Silverswan and Jufran are still on the magkano and kailangang itulong at
market kalian maibabalik ito
collects information about the debtor
country (papahiramin nila)
- entity created by treaty involving two or more
nations to work in good faith on issues of - lends money to South East Asian
common interest countries whose government cannot
- foster economic development among pay the obligation
themselves - short term loans = di nakakatulong
- started in New Hampshire, United States; 44 -
countries/states devaluation of Thai Bhat
World Bank, ASEAN, UNESCO, UNIDO, shoot up inflation in products
UNICEF IMF told Thailand, “decrease the
number of your employers so you can
These structures are webs of complex pay your debt”. They obliged and this
arrangements constituted of rules, conventions, resulted to massive unemployment
norms that govern and facilitate the interactions of - nagpapahiram sa mga countries na may
states and non-states actors with each other. financial losses
- the budget of the IMF is $645M and it came
from the contributions of the stakeholders
- significant roles or non-state actors in the - ASEAN each country should contribute at
international economic process least $2M para maipagpatuloy and projects and
- many developing and underdeveloped nations para may pangbayad sa gastos
enter inter-governmental organizations with the economy = contribution > $2M
idea in mind that they are for the greater good of - banking institution (bumuo)
the country UK, US, Russia, European Countries, China
(sleeping dragon)
tg
Colonial master = nagpapautang + expense of other economies because the
nanggogoyo sa atin current system provide legal rules,
regulations, institutions to monitor the
- long term; “bank of the poor” economic activities of state and non-state
- known as international bank for reconstruction actors
and development no barter and mercantilism system
- provides long term loans for economic you cannot manipulate paper bills because
development of less developed countries naka-account ang any value of your currency
- reduce extreme poverty while addressing the you can’t also print many paper bills because
imperfections of global capital markets is of bababa ang value pag nagenerate sa
second importance maraming tao
In Trillion Dollars
U.S. China Japan Germany U.K.
regulation of international trade between France India Italy Brazil Canada
25
nations 20
the goal is to help producers of goods and 15
services, exporters, and importers conduct 10
5
their business 0
purpose is to lower taxes in multilateral trade
Out of these 10 countries, three countries are semi-
negotiations to avoid trade wars by raising
periphery (China, India, Brazil) while the rest are core
protectionist barriers of the interwar period countries
lower products’ taxes which are pinakamaraming contributions sa
transported from one country to another international
higher demand, more income and much - donations to victims of different natural
favorable for the company calamities (Yolanda Typhoon)
e.g. European Brand Cars - rebuild houses, fund health facilities
- mas madami mapproduce and mas bababa
ang price
- marami ang bibiliat tataas ang demand - major issue
- funds are billions of dollars intended for facilities
kasing-sahol ng life ng mga nasa Africa
mercantilism is no longer valid in exchanging - donations from different countries named after
goods and services Mother Theresa are invested only, not donated
- paramihan ng gold, silver, bronze in
acquiring precious metals
countries are not allowed to manipulate their
currencies to achieve short term gains at the
tg
global politics
- the interstate system and global governance - every member votes in the general assembly
- involves political coordination among state and meeting and they negotiate multilateral
non-state actors agreement that give more justification to its
policies
YES – in favor
- politics transcends national boundaries and NO – against
national borders through global movements of ABSTAIN (50:50) - Abstention
international organizations and involvement of - issues such as
different political bodies of other countries, which climate change
were bound by mutual agreement poverty
- they act globally by forming alliances with world hunger
organizations outside the country, instead of protect refugees
working through their national government terrorists
because sometimes it is more efficient, deeper protect the indigenous people and their
and faster. rights
market integration