pom final slides
TRANSCRIPT
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WORLD
ECONOMIC ORDER
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RECTIFIERS
SULTAN 012
SHEHARYAR 025DANYAL 027
NAQASH 053
ASHFAQUE 056
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SEQUENCE
PREMISE ASHFAQUE
HISTORICAL FACTS DANYAL
INTERNATIONAL INSTITUTIONS NAQASH
NEW INTERNATIONAL ECONOMIC
ORDER SHEHRYAR
CURRENT SCENARIOS SULTAN
CONCLUSION SULTAN
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WORLD ECONOMY
It generally refers to the
economy, which is based on
economies of all of the
world's countries' national
economies.
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HIS!"# !$ %!"& EC!N!(#
Stone e!It is the most )reliminary era in which
the trade between the )eo)le started.
C"!##$%!" e!Fo""o&$n'# &ee t(e $)*ot!nt #te*#
+o&!,#
* Expedition and long distance commerce* External trade with the Roman Empire* The introduction of coinage* Developments in economic awareness
and thought
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History of world economy
M$,,"e !'e#*+gricultural era
*Industrial "eolution
Mo,en *e$o, -*e$o,
o+ te%(no"o'./
his is the )eriod of modern technology in
which robotic machines are there in each
de)artment of life. $rom manufacturing to
entertainment
Concept of GlobalEconomy
The concept of worldeconomy was givenby Adam smith in1776
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EC!N!(IES
!$ HE %!"&
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* In the times of !'$%"te
!#e, e%ono)$e# the
eastern countries of the world wasdominant and Sub-Continent was
nown as /olden S)arrow
* %hile after the $n,#t$!"eo"t$on the western economiesgot strength and with the reolution
is the field of I, most of the
countries were standing no where in
the economic run between the
Economies of the %orld in different
)eriods
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+n other Historic $actIn )eriod of %orld %ar I 0 II. hough the
resources of the world wasted a lot . 1ut at the
same time )roduction got highest )oint as well.
1ig deelo)ments in the industrial sector came
in the same )eriod.
Wo",#E%ono).
F"o$#(e,In 160While at the same time most of theeastern countries were ghting withevils of colonial system deeply rooted intheir area. And yet doing the same.
So the t i l t o f who le
economic growth
was towards wes t
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%orld Economic !rder
%E! e2)lains the distribution of wealth among
the different regions of the world.
3olanyi had )redicted in 4566, that
* he )ost war, world maret system would no
longer be self-regulating.
* Not a new /old Standard but adjustable 0
peggedwill be re7uired
* + 8more conscious effort in international
management9 of the world economy will be
necessary
after WW II
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"easons of
Economic isorder
he tilt of wealth is towards the countries
who hae better technology to utili:e the
resources in o)timal way.
he deelo)ed countries get the resources
from the under deelo)ed countries in raw
form. +nd in most of the cases they sell the
same material to the under-deelo)ed
countries after furnishing and charge high cost.
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1retton %oods Conference
P*o#eThe purpose
was to create asystem which
avoided
*World war III*Great
De ression II
Conference was held on 8th july
1944 which was attended by 730
delegates from 44 Allied nations
at the Mount ashington !otel
in "retton oods# $%!.
(otto"The economic
health of every
country is aproper matter of
concern to all its
neighbors, near
and far"
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"ole of
International
Institutions
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wors to foster global growth and
economic stability.
)roides )olicy adice and financing
to members in economic difficulties
wors with deelo)ing nations to hel)
them achiee macroeconomicstability and reduce )oerty.
Inten!t$on!" Mon$to. Fn, - IMF/
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%orld 1an is an International $inancial
Institution that )roide loans to deelo)ing
countries for ca)ital )rograms
he %orld 1an9s official goal is thereduction of )oerty
;uly 4566
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he International !rgani:ation that
/oerns the rule of rade between
Nations
+dminister %! trade agreements
$orum for trade negotiations Handle trade dis)utes (onitor national trade )olicies echnical assistance and training Coo)erate with international organi:ations
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Criticism
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Criticism on these international
organi:ation* ough conditions for deelo)ing countries
* are fundamentally undemocratic
* ominated by industriali:ed countries
* tram)le labor and human rights
* are increasing ine7uality
* hurt )oor countries in faor of rich nations
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New International
Economic !rder
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New %orld Economic !rderhe New International Economic !rder ?s by some deelo)ing countries through
the United Nations Conference on rade and
eelo)ment to@
)romote their interests by im)roing their terms
of trade
Increase deelo)ment assistance ariff reductions for deelo)ing countries
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enets of New %orld Economic !rder
+ctie assistance to deelo)ing countries
by the whole international community, free
of any )olitical or military conditions
he need for all States to )ut an end tothe waste of natural resources, including
food )roducts /iing the deelo)ing countries access to
the achieement of modern science andtechnology
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he right of eery country to ado)t the economic
and social system that it su))oses the most
a))ro)riate for its own deelo)ment
Secure faorable conditions for the transfer of
financial resources to deelo)ing countries
eelo)ing countries should be freed to nationali:e
or e2)ro)riate foreign )ro)erty on conditions
faorable to them
Cont4
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"ole of 1ig Economies
UT
+ll the big economies of theworld lie +merica and the
great 1ritten hae the Sole
thought not to let the Eastern
Countries to glow and to hae
the com)lete charge of %orldseconom .
ee, (!# no "$)$t
Een these Economies want to grab theresources of the other under deelo)ed
economies
+t the forum of general assembly
of UN! all the countries along with
big ol)hins show a great intent to
bring all the regions of world on thesame economic )osition
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E2am)les of brutalityof big
ol)hins
Euro)ean Economic Community =Its aim was to bring about economic integration
among its si2 members
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$ormation of %!
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CURRENT
SCENARIOS
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Current scenario of wealth around the
world 0 economic isorder
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Current scenario of wealth around the
world 0 economic isorder
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istribution of "esourcesA)e$%!*hae high technology*/ot emulation marets
Eo*e
*hae established foreign marets from thetime of colonialism*/ood technology to utili:e the raw material
M$,,"e e!#t
*Hae oil resourcesC($n! !n, In,$!*Hae man )ower
Ot(e %ont$e# o+ &o",*Hae resources but in raw form
1ases on which countries
are sustaining.
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Is New %orld Economic order adream come trueDD
he core meaning of N%E! is to bring the &ess
eelo)ed and Under eelo)ed countries on asituation where they can remain no more under the
slaery of eelo)ed countriesDD.. +nd can utili:e
their resources to bring their economy in the run of
deelo)ed countries.
Under the )resent
conditions in loos
im)ossible
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Some suggestion to the %orld
I ROTHERS
* by faoring true economic decoloni:ation,
including the right to diersified, com)lete
industriali:ation, accom)anied by effectietransfer of the most adanced %estern
technologies* by com)ensating the deelo)ing nations for
the abusie e2)loitation of their natural
resources during the colonial era* by recogni:ing their total soereignty oer
these resources
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Some suggestion to the %orld
I ROTHERS
* by e2)anding the )artici)ation of
the hird %orld in the dailyo)erations of the international
monetary system* by encouraging the ineitable rise
in the )rices of raw materials=* by cancelling the standing debt of
the hird %orld
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Su))osed Structural changes
* eo #) '!)e8 the 1ig 1rothers should not see for the benefits in
international trade
In short
Rich should stopgetting on expense of
* Po)ote *"!ne, $nten!t$on!"
)!9et#@ here should be some authority who is
to regulate the international maret$ree maret is not a faorable
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echnology transfer
* fulfilling the increasing training needs@* research for technology and )roduction systems ada)ted to
the &C* the right of access to subse7uent adances in the
technology ac7uired
* the deelo)ment of Foint entures* changes in e2isting regulations
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!ther Suggestions* (oderate e2change rate system* (anagement of natural resources* Conce)t of world !il (anagement
Cor)oration