Pom Final Slides

7/24/2019 Pom Final Slides

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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

Documents

Pom Final Slides