Process of Globalization.

Process of Globalization.

1. First Stage 1870 - 1913

   • 1. The system of payment was the gold, which generated the movement of capitals.
   • 2. The solution was the regulation macroeconomic International Trade.
   • 3. Restricted free Commerce.

2. Second Stage 1945 - 1975

   • 1. No more gold
   • 2. International financial institutions and trade cooperation were developed (1944)
   • 3. Trade in manufactures and raw materials is accompanied by national economic policies.

3. Third Stage1975 - ...

   • 1. generalized free trade (multinational)
   • 2. Free movement of capital.
   • 3. Development patterns and the unified world market were homogenized.
   • 4. Governments favored access to multinationals. Customs barriers are removed to increase the flow of world trade.

4. Process of Globalization, Regionalization and social integration

   • In a globalized economy, regionalism has become the mechanism that governments use to orient their economic integration, to promote their internal development and to insert themselves in the international system.
   • Process of Regionalization
     • Regionalization is a methodology a procedure or an intervention to modify the territorial order of a State in smaller territorial units.
   • Process of Social Integration
     • Social integration is a term in the social sciences, referring to the acceptance of minorities and disadvantaged groups in the main area of society. This provides more opportunities than they otherwise would not be able to receive.

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