🗊Economic globalization Beloglazova Yulia

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Economic globalization
Beloglazova Yulia
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Economic globalization Beloglazova Yulia

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Economic globalization
is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital
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Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital

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History
Three waves of economic globalization
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History Three waves of economic globalization

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Factors of economic globalization
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Factors of economic globalization

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Positive effects
1. More efficient markets
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Positive effects 1. More efficient markets

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2. Increased competition
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2. Increased competition

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3. Stabilized security
When your economy depends largely on another country’s economy, it is hard to imagine either one of the countries attacking the other
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3. Stabilized security When your economy depends largely on another country’s economy, it is hard to imagine either one of the countries attacking the other

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4. Better conditions of living for some developing countries
Evidence suggests that the growth of globalizers, in relation to rich countries, suggests that globalizers are narrowing the per capita income gap between the rich and the globalizing nations. China, India, and Bangladesh, who were among the poorest countries in the world twenty years ago, have greatly influenced the narrowing of worldwide inequality due to their economic expansion.
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4. Better conditions of living for some developing countries Evidence suggests that the growth of globalizers, in relation to rich countries, suggests that globalizers are narrowing the per capita income gap between the rich and the globalizing nations. China, India, and Bangladesh, who were among the poorest countries in the world twenty years ago, have greatly influenced the narrowing of worldwide inequality due to their economic expansion.

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Negative effects
Capital flight occurs when assets or money rapidly flow out of a country because of that country's recent increase in taxes, tariffs, labor costs, or other unfavorable financial conditions such as government debt defaulting, which disturb investors.
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Negative effects Capital flight occurs when assets or money rapidly flow out of a country because of that country's recent increase in taxes, tariffs, labor costs, or other unfavorable financial conditions such as government debt defaulting, which disturb investors.

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2. Inequality
Increasing international commerce with high barriers to entry, corporate consolidation, tax havens and other methods of tax avoidance, and political corruption
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2. Inequality Increasing international commerce with high barriers to entry, corporate consolidation, tax havens and other methods of tax avoidance, and political corruption

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3. Tax havens
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3. Tax havens

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4. Austerity
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4. Austerity

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Thank you for your attention!
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Thank you for your attention!



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