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Presentation ON Global Economy: Presented By: Pankaj Sharma Ranjeet Singh Sandeep Tomar

The global economy document presents information on the global economy in 3 paragraphs or less: The global economy involves interconnected national economies through international trade, finance, investment, and global financial markets. Methods to protect domestic industries from foreign competition include tariffs, quotas, subsidies, and voluntary export restraints. Major international organizations that govern global economic relationships are the World Trade Organization, International Monetary Fund, and World Bank.

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39 views

Presentation ON Global Economy: Presented By: Pankaj Sharma Ranjeet Singh Sandeep Tomar

The global economy document presents information on the global economy in 3 paragraphs or less: The global economy involves interconnected national economies through international trade, finance, investment, and global financial markets. Methods to protect domestic industries from foreign competition include tariffs, quotas, subsidies, and voluntary export restraints. Major international organizations that govern global economic relationships are the World Trade Organization, International Monetary Fund, and World Bank.

Uploaded by

umesh122
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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PRESENTATION ON GLOBAL ECONOMY

Presented By: Pankaj Sharma Ranjeet Singh Sandeep Tomar

Introduction..
The global economy is all the economies of individual nations that are linked together rather than individual economies.

International trade flows


The average level of trade growth has grown at three times the average rate of national economic activity. Transnational Corporations are firms that operate in more than one country.

International finance
International Investment and Technology Foreign Direct Investment

Global financial markets


Exporters Foreign investors Speculators

Reasons for protection


Protection is any government action that has the effect of giving domestic producers an artificial advantage over foreign competition.
Infant Industries Prevention of dumping

Cont
Protection of domestic employment
Defence and self-sufficiency

Methods of protection: Tariffs are government-imposed taxes on imports. It has the effect of raising the price of imports. Quotas controls the volume of goods that is allowed to be imported over a given time period. Subsidies are financial assistance to domestic producers, which enables them to reduce their selling price and compete more easily Voluntary export restraints a country will sometimes agree to restrict the volume of exports

Trade agreements are formal agreements between

countries designed to break down the protection barriers.


A trading bloc occurs when a number of countries

join together in a formal preferential trading agreement to the exclusion of other countries

International organizations
World Trade Organization their role is to implement and advance global trade agreements and to resolve trade disputes. The WTO was a result of the GATT. The WTO had 142 members in 2001 International Monetary Fund their role is to maintain international financial stability, particularly in relation to FOREX markets. The IMFs policies are to support the free flow of capital, goods and services throughout the world markets. World bank their role is primarily concerned with helping poorer countries with their economic development. Its focus is to fund investment to infrastructure, reduce poverty and help countries adopt to globalization

Economic growth: Is an expansion of a countrys


productive capacity. Growth makes it possible for a country to satisfy an increased proportion of material wants. Economic growth can cause environmental degradation and loss of traditional cultural values

Economic development: Gross National Product: Purchasing Power Parity (PPP): Human development Index:

Categories of development:
High-income countries are the
advanced/industrialized countries within the world.

Newly industrialized countries- these are countries that are in transition from been developing countries towards becoming high-income countries.

Cont...
Developing countries Transition economies Emerging economies Characteristics of developing countries

Why living standards differ: Economic structure


Population and labor market factors
Institutional factors stable government and
policies allows for better living standards

Impacts of globalisation
High-income countries and newly industrialized countries have generally benefited from globalization.

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