Module 4:

Activity 1

1. What do you think the train symbolizes?

Ans: Train symbolizes as a technology where train is the one who run the economy
production and supplies, trade goods, invest capital, and develop new products and processes.
Allows also to gain easier access in foreign knowledge and enhances international
competition including the rise of emerging market. This train works to as a development of
every country.
2. Is the globalization good or bad for us? Why?
Ans: Some says that globalization is a good as it will give rise to new industries and more
jobs in developing countries. Others say globalization is bad in that it will force poorer
countries of the world to do whatever the big developed countries tell them to do. Its good
because it can brings lower cost goods from other countries, which leaves them with
spending power to spare and a higher standard of living. It also bring opportunities for
productive investment in high growth industries in development. It’s bad because it may
pollute the environment, run risks with safety or impose poor working conditions and low
wages on local workers.
Activity 2

Can you guess what is the country of origin of the following MNC? 

Multinational Company Home Country

United States

United States

United States

South Korea

Japan
ACTIVITY # 3
Given the concepts you have learned in this module, give your own definition of the following
terms.
1. Economic Globalization
Ans: Economic Globalization is the growing global integration not only of markets but also of
systems of finance, commerce, communication, technology, and law that bypass traditional
national, cultural, ethnic, and social boundaries.
2. Multinational Companies
Ans: A company that operates in its home country, as well as in other countries around the world
3. Technological Revolution
Ans: It is an era of accelerated technological progress characterized by new innovations whose
rapid application and diffusion typically cause an abrupt change in society.
4. Capitalism
Ans: Capitalism is an economic system in which private individuals or businesses own capital
goods. The production of goods and services is based on supply and demand in the general
market—known as a market economy—rather than through central planning known as a planned
economy or command economy.
ACTIVITY # 4 FILM VIEWING - THE CORPORATION

One hundred and fifty years ago, the corporation was a relatively insignificant entity.
Today, it is a vivid, dramatic and pervasive presence in all our lives. Like the Church, the
Monarchy and the Communist Party in other times and places, the corporation is today’s
dominant institution. But history humbles dominant institutions. All have been crushed, belittled
or absorbed into some new order. In this complex, exhaustive and highly entertaining
documentary, Mark Achbar, co-director of the influential and inventive Manufacturing Consent:
Noam Chomsky and the Media, teams up with co-director Jennifer Abbott and writer Joel Bakan
to examine the far-reaching repercussions of the corporation’s increasing preeminence.

The Corporation: The Pathological Pursuit of Profit and Power, the film is a timely,
critical inquiry that invites CEOs, whistle-blowers, brokers, gurus, spies, players, pawns and
pundits on a graphic and engaging quest to reveal the corporation’s inner workings, curious
history, controversial impacts and possible futures. The Corporation charts the spectacular rise of
an institution aimed at achieving specific economic goals as it also recounts victories against this
apparently invincible force.

Case studies, anecdotes and true confessions reveal behind-the-scenes tensions and
influences in several corporate and anti-corporate dramas. Among the 40 interview subjects are
CEOs and top-level executives from a range of industries: oil, pharmaceutical, computer, tire,
manufacturing, public relations, branding, advertising and undercover marketing. In addition, a
Nobel-prize winning economist, the first management guru, a corporate spy, and a range of
academics, critics, historians and thinkers are also interviewed.
The Corporation is a documentary written by Joel Bakan in 2003, which revolves around
the attainment of legal status by corporate companies, which accords them the privilege of
enjoying similar rights as human beings. It brings to the fore the social injustices that corporate
companies commit in their business ventures. The Corporation reaction paper seeks to shed light
on different opinions for and against the corporate world, brought out by the documentary.
Activity #5
1. What are the actors or drivers of globalization? How do this actors affect the process of
globalization?
2. Are multinational companies present in the Philippines really of help to our economy? Why?
Why not?
Ans: I think generally the presence of multinational corporations have beneficial effects on the
Philippine economy. Most important they bring jobs which is very important to a developing
country when the unemployment rate is relatively high. Secondly they train the workers and
bring management expertise to the country. As long as the government has laws in place to
prevent them from rigging the market due to their dominance, then Philippine should welcome
more foreign multinationals.
3. What is the role of technology in the development of a country’s economy? In the case of the
Philippines, can we consider to be in the state of technological revolution? Why?
Ans: The technology can be regarded as primary source in economic development and the
various technological changes contribute significantly in the development of underdeveloped
countries. The level of technology is also an important determinant of economic growth. The
rapid rate of growth can be achieved through high level of technology.
No, we don’t adapt well enough to technological advancement. We are lack of products
and supplies like from other countries they are advance in technology. Everywhere you can see a
lot of enhance and better technology.
4. Globalization introduces us not just economic, technological and political advances but also
health hazards just like the current COVID-19 pandemic. In what way do you think the world we
can address this current health problem?
Ans:
5. Agriculture is the main source of livelihood in the Philippines. However, due to the demand of
global market, agricultural products that the country produce cannot compete the value of other
technological products of other countries. How will Philippine economy survive in this
challenge?
Ans: Philippines should focus on developing a sustainable products or livelihood that can sustain
the demand of global market. Philippines should produce good quality of agricultural products
and supplies.