Title Global Economy and Market Integration.pdf ✅

CHAPTER 2: The Structure of Globalization
MODULE 2: The Structure of Globalization Objectives 1 2 Explain the role of actors that facilitate economic globalization; Explain the role of international financial institutions in the creation of the global economy; and Examine the role of international financial 3 institutions in the Philippines.

MODULE 2: The Structure of Globalization 1 The Global Economy Shangquan (2002) defines economic globalization as an increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, the flow of international capital, and wide and rapid spread of technologies. Szentes (2003) economic globalization is a process of making the world economy an organic system by extending transnational economic processes and economic relations to more and more countries and by deepening the economic interdependencies among them.