are global financial institutions that support a country's economic growth through support (i.e., loans, technical assistance) to governments and now other private sectors

>is a complex global process of expanding the market economic system all throughout the world. >It is a corporate-driven process of enhanced transnational exchange of products, services, technologies, and capital, creating an increased interdependence of world economies

is a system of nongovernment institutions that operate across geographical borders and organize and mobilize for a common issue or cause

is an "enterprise that engages in activities which add value (manufacturing, extraction, services, marketing, etc) in more than one country"

an idea of prescribed path to attain development through certain set of activities, according to a defined vision.

is a process of combining or increasing the interconnectivity of national economies to the regional or global economies

ifi

refers to the increasing "contact between people and their cultures-their ideas, their values, their ways of life"

imf

People can migrate to other countries in search of better employment opportunities.

is a measurement of flows and interconnections of a country to other global players through exhanges in trade, capital, people, and information.

Group of nations that serve as an advisory organization that discuss current economic and political problems and transfer the ideas from the forum in. national legislative regulations

world’s interconnectivity in terms of processes, events, and decisions.

is a process of expanding various sociocultural and socio-ecological processes from national to international and transcultural level.

wto

is an international organization with 183 member countries that promotes international monetary cooperation and exchange stability to foster economic growth and high employment and to provide short-term financial assistance to countries to help ease balance of payments adjustments

Factors Driving Globalization

Commercial loans are money lent to foreign businesses or governments, while official flows refer to development aid or money granted by rich countries to developing nations.

concerns importation and exportation.

is the enlargement of the international political system and its establishments, where inter-regional dealings, including trade, are managed

denotes that the economies of various countries are more interconnected from extraction, production, distribution, consumption, to disposal of goods and services

lesson 1-5

Socioeconomic Changes in Globalization

contrasting evidence of positive effects

flows in the age of globalization