Is the nation state still important?

Slides:



Advertisements
Similar presentations
Globalization The increased integration of national economies into global, rather than national markets, promoted by liberalized capital flows, liberalized.
Advertisements

Chapter 4 global analysis Section 4.1 International Trade Section 4.2
Chapter 4 Global Analysis
Unit 13 International Marketing
3.4 Economic Integration Pages Print pages 1,3,5-9.
التكتلات السياسية والإقتصادية العالمية والإقليمية
International Business 9e
Bell Ringer List products that you are able to enjoy because the United States allows international trade with other countries.
Glossary of Key Terms balance of payments. An account of the flow of goods, services, and money coming into and going out of the country. capital. Money.
Protectionism vs Free Trade.
Globalization Pg Globalization Globalization – the process by which national economies, politics, cultures, and societies become integrated with.
1.9 Globalization Chapter 9. What is Globalization? The growing trend towards world-wide markets in products, capital and labor, and unrestricted by barriers.
Why Trade? The WTO and Trading Blocs 5 th March 2010.
© The McGraw Hill Companies, Inc., 2000 Ch.6: International Environment: Regional Political & Economic Integration.
Reasons for the “Development Gap”.. Social and Economic Groupings of Nations... OBJECTIVES: Indentify FOUR new ways of grouping countries. Explain different.
GLOBAL ISSUES DICTIONARY STUDENT SAMPLE. ECONOMICS CAPITALISM: an economic system based on the private ownership of the means of production and distribution.
Chapter 6: The United States in the Global Economy
Reviewing Globalization Globalization Day 11. Objectives Review basic economic principles. Review key trade agreements & agencies. Review issues and controversies.
Reviewing Globalization. Objectives Review basic economic principles. Review key trade agreements & agencies. Review issues and controversies surrounding.
Political outcomes. Syllabus Nation state NS: Is an independent state inhabited by all the people of one nation and one nation only Nationalism is the.
 Global Village  Globalization  Developing World  Developed World  Interdependence  Homogeneity  Multinational Corporation  Free Trade  Downsizing.
Revision seminar. Compare the roles of different economic flows in the transfer of capital from core to periphery.
Regional Economic Integration. Introduction Regional economic integration refers to agreements between countries in a geographic region to reduce tariff.
Economic Integration Definition: economic cooperation between countries and co-ordination of their economic policies, leading to increased economic links.
Topic 4: Economic Integration.  Economic integration  Economic integration is defined as the coming together of countries with the goal of increasing.
ECO 121 MACROECONOMICS Lecture Three Aisha Khan Section L & M Spring 2010.
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner.
World Political Systems Types of Governments. Terms to Know Country/State- An area of land with a distinct political border. Country/State- An area of.
Globalization A process that makes something worldwide in its reach or operation. Globalization is often used in reference to the spread and diffusion.
Discuss the role of one multi-governmental organization (EU).
After reading this chapter, you should be able to: 1. Discuss the rise of international business and describe the major world marketplaces and trade agreements.
ECONOMIC INTEGRATION Subtitle. TITLE AND CONTENT LAYOUT WITH LIST Add your first bullet point here Add your second bullet point here Add your third bullet.
International Business Lecture No,40 By Dr.Shahzad Ansar.
Visit:
International Trade Describe the benefits of international trade.
Introduction to Global Business
Case study - The European Union and ASEAN
EU: Supranational Organizations
Objectives Describe the ways in which countries around the world are interdependent. Understand how international treaties and organizations make global.
Globalization and Trade
Barriers to Trade SSEIN2a: Define trade barriers as tariffs, quotas, embargoes, standards, and subsidies. SSEIN2b: Identify costs and benefits of trade.
Economic Integration.
The Global Trade Environment
Globalisation.
Homework 2 – due in homework 1 – handed back!
Regional Economic Integration
International Economics Analyze costs and benefits of global trade
Trade Barriers & Agreements
CHAPTER 4 GLOBAL ANALYSIS
INTERNATIONAL ECONOMICS
Free Trade Agreements.
Chapter 4 Global Analysis
THE GLOBAL CONTEXT OF BUSINESS
Global and Regional Economic Cooperation and Integration
Seeking together - Mobility Iceland
International Trade Agreements
Globalization.
Aim: What are some patterns and effects of global trade?
Ch.6: International Environment: Regional Political & Economic Integration © The McGraw Hill Companies, Inc., 2000.
Why Nations Trade How does resource distribution affect trade?
Why Nations Trade How does resource distribution affect trade?
International Trade BTEC Business.
Why Nations Trade How does resource distribution affect trade?
Globalization What is It? March 20th, 2003.
Globalization.
How the availability of food has increased??
Economic Integration AP/IB Economics.
Political factors that affect global interactions
About NAFTA Governments often try to establish free trade, or the
Warm - up One of the arguments in support of protective tariffs is that they save domestic jobs. Demonstrate this on a graph. Who are the stake holders.
Presentation transcript:

Is the nation state still important?

Discuss the links between the diminishing effectiveness of political borders and the flow of goods, capital, labour and ideas. Case study of One multi-governmental organization: NAFTA

What is sovereignty? Right of rule over land within national borders The authority of a state to govern itself Political expression of independence From ‘reign’ – to rule or hold royal office (kings and queens) “Queen Elizabeth reigned”

International interactions are all contributing to loss of sovereignty International interactions are all contributing to loss of sovereignty. Global interactions (see below) flow more freely; nations have less control…. Flow of migration Flow of capital Flow of goods Flow of ideas and culture The national borders are becoming less important than international organizations because of: Trade blocs TNC’s

Trade blocs Arrangement among a group of nations to allow free trade between themselves but impose charges on other countries that may want to trade with them. Eg. EU, nafta, asean, caricom Benefits You have access to many other markets – in the EU that is 470 million wealthy customers! Disadvantages Developing countries don’t get access to rich markets of EU and NAFTA. WTO is trying to promote free trade and limit ‘protectionism’ https://www.youtube.com/watch?v=DGeTZ4u2jbg

Case study example… Nafta pg. 376 http://www.ustr.gov/trade-agreements/free-trade-agreements/north-american-free-trade-agreement-nafta When did it form? Who is in it? What are its aims? How many people are in this market? Value in trade in dollars Positives of this trade bloc Negatives of this trade bloc Include information on migration, capital, goods and culture Complete tasks a and b on 377