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Activity 1: Contemporary World

Yangzon, Aubrey Nativity


BSPSYCH1

1. Do you think the Philippines is being harmed as other countries transfer their activities
to us also known as outsourcing?
The Philippines can be affected or not; it depends on it. This country can
be harmed by being a producer and a consumer and it cannot be harmed by
helping many Filipinos who are unemployed to get a career.
2. How do you assess globalization in the sphere of production?
We begin to assess globalization in the sphere of industrial production by
listing the Multi-National corporations.
3. Does the position of US and China as giants in the economic chain threaten the status of
less developed countries in the global market?
Yes, since these rich countries have a tremendous impact and leverage in
regulating various facets of economy on the global market.

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