Globalization and the domestic economy
This presentation is the property of its rightful owner.
Sponsored Links
1 / 9

Globalization and the Domestic Economy PowerPoint PPT Presentation


  • 90 Views
  • Uploaded on
  • Presentation posted in: General

Globalization and the Domestic Economy. Nichole Benson Miranda Campbell- Magaña Charlie Gipson Murtaza Sharifi. Globalization Defined. T he process of interaction and integration among the people, companies, and governments of different nations D riven by international trade and investment

Download Presentation

Globalization and the Domestic Economy

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Globalization and the domestic economy

Globalization and the Domestic Economy

Nichole Benson

Miranda Campbell-Magaña

Charlie Gipson

MurtazaSharifi


Globalization defined

Globalization Defined

  • The process of interaction and integration among the people, companies, and governments of different nations

  • Driven by international trade and investment

  • Aided by information technology


Gregory mankiw

Gregory Mankiw

GDP: the market value of all officially recognized final goods and services produced within a country in a given period of time

Globalization causes higher economic growth which will rise GDP, in a normal sample

Mahbubul Hag(left)

AmartyaSen(right)


Human development index

Human Development Index

  • A composite statistic of life expectancy, education, and income used to rank countries into four tiers of human development


Positive effects

Positive Effects

  • Increase in access to international markets

  • Domestic producers produce more efficiently

  • Wide variety of goods at lower prices

  • Comparative advantage leads to specialization and economic productivity


Negative effects

Negative Effects

  • Detrimental to Small Businesses

  • Labor Costs

  • Marginalization of Lower Skilled Workers

  • Overuse of Natural Resources


China enters wto

China Enters WTO


Globalization in domestic economic recovery

Globalization in Domestic Economic Recovery

  • Interconnectedness

  • Negative and Positive Effects in Process

  • GDP Growth


Interconnectedness s een in gdp

Interconnectedness seen in GDP


  • Login