Chapter 1
Globalization
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
What Is Globalization?
➢Globalization - the shift toward a more integrated and interdependent world economy
➢The world is moving away from self-contained national economies toward an interdependent, integrated global economic system
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Why Do We Need Global Institutions?
➢Global institutions
➢ help manage, regulate, and police the global marketplace ➢ promote the establishment of multinational treaties to govern
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.