THE GLOBAL
ECONOMY
•refer to the interconnectedness
worldwide of the economy as
well as the activities that took
place or take place rather
between multiple countries.
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THE GLOBAL
ECONOMY
• It is about the economy of humans of
the world referring to global
economic system which includes
economic activity within nations as
well as between nation so including
(production, consumption, economic
management, exchange financial
values and trade of goods and
services)
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FR
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•Is the economic policy of
restricting imports from other
countries through methods
such as tariffs on imported
goods, import quotas and
variety of other government
regulation.
1.PROTECTIONISM
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•refers to the transaction
wherein the government
will be legislating
specific policy to reduce
or block one
international trade or
product
1.PROTECTIONISM
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•Is the removal or
reduction of restriction
or barriers on the free
exchange of goods
between nations.
2. TRADE LIBERATIONS OR FREE
TRADE
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Purpose Of Some Countries
Will Choose Free Trade.
•It eliminates possibility for foreign competition so the
competition will be lesser in the market
•it is beneficial especially to producer and consumer.
•There will be no limitation in terms of how many they will
produce and in shipment.
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3.FAIRTRADE
• is a trading partnership based on dialogue,
transparency and respect that seek greater
equity in international trade.
• It is technically designed and use specially
by producers in developing countries
MARKET INTEGRATION
- occurs when prices among different
locations or related goods follow a
similar pattern over a long period of
time.
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1. Horizontal Integration
• This occurs when a firm or
agency gains control of the
other firms or agency
performing similar marketing
function at the same level in
a marketing sequence.
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2. Vertical Integration
• This is when the
company either owns or
control wherein to joint
ventures multiple
stages in supply chain
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3. Conglomeration Integration
• Involves a merger between
two
businesses that are not related
to each
other completely different
industries.
Notas del editor
How does protectionism happen as part of the economic globalization?
These are policies under which the government impose there is no taxes absolutely no taxes or tariff as well as duties on imports or quotas to export