Global Economic Integration and Institutions

0
0
1785 days ago, 563 views
PowerPoint PPT Presentation
Part 8: International Economic Integration and Institutions. Do You Know?. Why have world markets turned out to be more incorporated today? How has this coordination taken place?Why did the U.S. push hard to frame NAFTA?What parts do the WTO, the World Bank, and IMF play on the planet economy? Is it true that they are clubs of rich countries?.

Presentation Transcript

Slide 1

Global Business Oded Shenkar and Yadong Luo Chapter 8 International Economic Integration and Institutions Chapter 8: International Economic Integration and Institutions

Slide 2

Do You Know? Why have world markets turned out to be more coordinated today? How has this reconciliation occurred? Why did the U.S. push hard to frame NAFTA? What parts do the WTO, the World Bank, and IMF play on the planet economy? Is it true that they are clubs of rich countries? Part 8: International Economic Integration and Institutions

Slide 3

Do You Know? Why do individuals discuss whether provincial coalitions are good with globalization? On the off chance that you are a fare administrator in an Australian organization, might you want to see the appearance of more coalitions in different areas? In what manner ought to MNEs deliberately react to local joining? Part 8: International Economic Integration and Institutions

Slide 4

International Economic Integration Economic reconciliation is another reality in the worldwide business advertise. Business and governments have made a scope of organizations, arrangements, and understandings that assistance to Overcome exchange contrasts Boost the free development of exchange, venture, and administrations crosswise over national limits Chapter 8: International Economic Integration and Institutions

Slide 5

International Economic Integration Economic combination is worried with: The evacuation of exchange hindrances or obstructions between no less than two taking an interest countries The foundation of collaboration and coordination between them Integration makes large amounts of globalization and regionalization. Section 8: International Economic Integration and Institutions

Slide 6

International Economic Integration Free Trade Area - evacuates exchange obstructions among part countries. (NAFTA ) Customs Union - adds regular outside monetary activities to all part countries. (Focal American Common market) Common Market - permits unhindered commerce of items and administrations and furthermore permits free versatility of generation variables like capital, work and innovation. Financial Union - is a typical market with unification of all money related and monetary strategies. (European Union) Political Union - is the place taking an interest countries actually get to be distinctly one country in a financial and political sense, with regular parliament and political foundations. Part 8: International Economic Integration and Institutions

Slide 7

International Economic Integration Exhibit 8-1: Forces invigorating worldwide financial reconciliation Chapter 8: International Economic Integration and Institutions

Slide 8

Global-Level Cooperation Among Nations The World Trade Organization (WTO), the World Bank , and the International Monetary Fund (IMF) are three essential establishments influencing worldwide collaboration of countries. The IMF and World Bank fill in as a money related base for participation. The WTO fills in as the institutional establishment of the world exchanging framework. Section 8: International Economic Integration and Institutions

Slide 9

The World Trade Organization (WTO) A multilateral exchange association went for global exchange advancement. Appeared in 1995, following a 48 year advancement that began with exchange transactions at the Geneva Conference in 1947 Is a relative of the first International Trade Organization that was proposed there. Successor association to GATT. Part 8: International Economic Integration and Institutions

Slide 10

The World Trade Organization (WTO) Exhibit 8-2: Multilateral transactions under GATT Chapter 8: International Economic Integration and Institutions

Slide 11

The World Trade Organization (WTO) The WTO tries to set up exchange arrangement decides that help extend exchange and enhance world expectations for everyday comforts. It does this through: Administering Trade Agreements. Filling in As The Forum For Trade Negotiations. Settling Trade Disputes. Surveying National Trade Policies. Helping Developing Nations On Trade Policy Issues. Participating With Other International Organizations Chapter 8: International Economic Integration and Institutions

Slide 12

The World Trade Organization (WTO) In January of 2003, the WTO had 146 individuals representing more than 95% of world exchange. More than 30 candidates are consulting to end up individuals. Russia is not yet a part, nor is Vietnam nor the Bahamas. China is a part, so is Cuba. Section 8: International Economic Integration and Institutions

Slide 13

The World Trade Organization (WTO) WTO Functions: Reduce import obligations. Dispense with exchange separation through most supported country (treating everybody similarly) and national medicines (where all items are viewed as "household" once they cross national outskirts). Battle insurance and exchange boundaries Dumping – the offer of imported products either at costs beneath what an organization charges in home market or underneath cost Provide discussions for managing exchange issues. Give question determination administrations to individuals. Part 8: International Economic Integration and Institutions

Slide 14

The World Trade Organization (WTO) Bilateral and provincial traditions unions and basic markets. Brought taxes down to creating countries without abusing antidiscrimination rules. Foundation of a Generalized System of Preferences for creating countries. Escape provisos , so that new individuals can ensure newborn child enterprises. Part 8: International Economic Integration and Institutions

Slide 15

The International Monetary Fund (IMF) The IMF looks to: Promote global money related participation and extension of worldwide exchange Reduce imbalance in part countries' equalizations of installments. Enter establishment in the global financial framework Helps individuals shield their monetary standards against recurrent, regular, or arbitrary cash variances. Part 8: International Economic Integration and Institutions

Slide 16

The International Monetary Fund (IMF) The IMF looks to set up sound money related practices among part countries it does this through: Promoting trade solidness Maintaining efficient trade courses of action Helping individuals stay away from genuine trade devaluations Placing saves at the transfer of part countries who are in budgetary emergency, subject to protections and reimbursement Chapter 8: International Economic Integration and Institutions

Slide 17

The International Monetary Fund (IMF) In January of 2003, the IMF had 160 individuals representing more than 95% of cash trade. The IMF is going by a Board of Governors, which is made out of delegates of all part countries. The IMF requires all individuals to coordinate with the Fund keeping in mind the end goal to advance a steady conversion standard framework. Biggest individuals: United States, United Kingdom, Japan, Germany, France (and 155 others). Section 8: International Economic Integration and Institutions

Slide 18

The International Monetary Fund (IMF) The IMF permits: Special Drawing Rights (SDRs), which are a unit of record and permit nations to peg their monetary standards against the five biggest IMF individuals. IMF individuals settle exchanges with SDR for trades among themselves. Part 8: International Economic Integration and Institutions

Slide 19

The World Bank Group The World Bank is formally known as the International Bank for Reconstruction and Development. It is tied with three members The International Development Association (IDA) The International Finance Corporation (IFC) The Multilateral Investment Guarantee Agency (MIGA). Their basic target is to help bring ways of life up in creating countries by diverting money related assets to them from created nations. Section 8: International Economic Integration and Institutions

Slide 20

The World Bank Group The World Bank is possessed by the administrations of 160 countries. Its capital is given by membership, and it funds its operations basically through world capital markets. It is additionally financed by intrigue installments from borrower countries. Advances are intended for cutting edge creating countries and must be utilized for beneficial purposes like financing foundation, media communications, ports and power. Part 8: International Economic Integration and Institutions

Slide 21

The World Bank Group The IDA focuses on beneficial venture at all created countries. The IFC aids monetary improvement of developing nations by putting resources into private area ventures. The MIGA represents considerable authority in empowering value venture and remote direct speculation to creating nations by alleviating exchange obstructions. Part 8: International Economic Integration and Institutions

Slide 22

Other International Economic Organizations The Organization for Economic Cooperation and Development (OECD) Aids in the accomplishment of the most noteworthy and soundest conceivable development in economies of part nations Promotes monetary advancement, work development, expectations for everyday comforts change, budgetary steadiness, and augmentation of world exchange on a multilateral and nondiscriminatory premise. The United Nations Conference on Trade and Development (UNCTAD) A gathering for examination of monetary issues tormenting creating nations Solves them through transactions with created countries that advantage from exchange with them. Part 8: International Economic Integration and Institutions

Slide 23

Other International Economic Organizations Exhibit 8-3: Summary of particular worldwide monetary associations Chapter 8: International Economic Integration and Institutions

Slide 24

Postwar Regional Integration A sum of 109 assentions were reports to GATT from 1947 through 1994. Components of local joining: Postwar provincial combination has focused in western Europe. Many creating nations recharged their enthusiasm for territorial combination since the Uruguay Round started. The level of financial combination differs generally among assentions. Section 8: International Economic Integration and Institutions

Slide 25

North Ameri

SPONSORS