OECD Presentation.pptx

7/30/2019 OECD Presentation.pptx

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The role of IMF? and OECD

Mariana Nastase

Panduru Beatrice

Group 940


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What is globalization?(thoughts)

process of extendingsocial relations acrossworld-space

arise from the movementsof people, things andideas

internationalization orintegration

What it actually is? A process which

diminishes the necessityof a common and sharedterritorial basis for social,

economic, and politicalactivities, processes andrelations.

It is deterritorialization Jan Aart Scholte

It is not:internationalization,

liberalization,

westernization.


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Economic and financial globalization and theexpansion of world trade have brought substantialbenefits to countries around the world. But thecurrent financial crisis has put globalization on hold,with capital flows reversing and global trade

shrinking. The dramatic collapse in world trade in 2008 seems

to have resulted from strongly synchronized drops in

trade across countries due to the combined effects of

several factors: the credit crunch, the spread ofglobal value chains, and falling consumer andproducer confidence.


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The recent economic crisis has underscoredthe power of globalisation but has also shownthe vulnerability of the global economicsystem. Global linkages have increased the

economic interdependence betweencountries and this facilitated the spread ofthe crisis.

What started as a financial crisis in the

United States turned rapidly into a globaleconomic crisis, leading to a dramaticcollapse of international trade and foreigndirect investment.


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It is useful to think about three dimensions ofthe inter-relation between financial globalisation

and the global crisis.1. First, did financial globalisation materiallycontribute to the origination of the globalfinancial crisis?2. Second, once the crisis occurred, how did

financialglobalisation affect the incidence andpropagation of the crisis across differentcountries?3. Third, how has financial globalisation affected

the management of the crisis at national andinternational levels?


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international economic

organization

originated in 1948 as OEEC

founded in 1961

stimulate economic progress

and world trade

34 Member States

promote democracy and

the free-market economy

HQ in Chteau de la

Muette, Paris


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International Monetary Fund Bretton Woods Institution

Initiated in 1944

HQ in Washington, USA

stabilize exchange rates assist the reconstruction

after WWII

countries contribute withmoney, imbalancedcountries can

borrow funds temporarily promote international

economic cooperation,trade, employment

World Bank Bretton Woods Institution

international financialinstitution

provides loansto developing countries

official goal isthe reduction of poverty

promote foreigninvestment, international

trade,and capital investment.


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The OECD Strategic Response to the financialand economic crisis

The OECD Strategic Response, which wasdeveloped with the collective inputs of the

OECD Council, the Committees and theSecretariat, aims both to address the crisis andto seize the opportunity to build a strongerworld economy. For decades, the OECD hasadvised Member countries and helpedcoordinate their policies. The Organisationscoverage of a wide range of policy issuesdirectly relevant to the current crisis and its

focus on medium-term responses and long-termsolutions to policy challenges are uniquestrengths.


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Development Recipe

One of the Economic Theories

1. Domestic Resources

2. International

Resources (FDI)

3. Trade

4. Structural Assistance

(ODA)

5. Debt Relief

6. Staying Engaged


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http://www.youtube.com/watch?v=aE4yMtTsz1g&list=HL1366953100


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OECD part of an international trade

system together with IMF and WorldBank

1) Poverty is one of the main challengesthese organizations try to overcome

2) International Business/trade and

cooperation are becoming more andmore interconnected

3) Recent trends such as globalizationprovide a future basis for a bettereconomy


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