Ma. Leonora A.

Febrero

Contemporary
World
BSED-Filipino C-3A

Prof.
Kristopher Ngilangil

MODULE 3

PRE-
ASSESSMENT:
Answer the questions below or supply the statement in your own words.

Why there is considered a fist and How is Philippines What is the effect of
third world countries? under globalization? regionalization of
countries in
globalization?

The capitalist camp was labeled the
First Globe, the communist camp
was dubbed the Second World, and
the remainder of the world, which
includes Asia, Africa, and Latin
America, was dubbed the Third
World. Those countries were
mostly former Western colonies,
but they were leery of being
lumped in with either party. As a
result, designations like these let us
see the global divide, where there
are indisputable differences
between industrialized and
developing (or undeveloped)
countries that even globalization
can't bridge.
Regardless of the fact Regionalization is a
that the Philippines has stepping stone on the
achieved globalization, path to globalization,
our country remains providing a "safer"
poor or underdeveloped version of globalization.
as a result of high Providing the
imports and the advantages of inter-state
government's failure to commerce and
use globalization to exchange while also
strengthen the domestic providing greater
market, particularly protection than those
when remittances from states would receive on
citizens working abroad the global market.
provide enough dollars
to keep the national
economy stable.
LET’S DO IT:

TASK 7: Illustrate a map depicting the “Global Divides”.

TASK 8: In
the first
column,
identify
challenges of
the Asian
states
towards
globalization
and

regionalization. In the opposite column, elucidate how they confronted the challenges.
Add rows if necessary.

ASIAN CHALLENGES HOW THEY CONFRONT

STATE CHALLENGES
Philippines Inflation, financial difficulties,
and a lack of employment as a
result of the COVID-19
pandemic
Vietnam Plaguing global supply chains
exacerbated by the COVID-19
pandemic
Malaysia Vulnerable household due to
COVID-19 pandemic and high
income inequality
Indonesia Global health and economic
crisis due to COVID-19
pandemic, and climate change
Last February 17, 2022, the Bangko
Sentral ng Pilipinas decided to maintain
their key policy interest rate at 2% as
they see a higher inflation path in 2022.
The Bangko Sentral ng Pilipinas kept
their key policy rate unchanged
because given their current outlook in
inflation, their priority is to preserve
the ongoing support to the economy.
On the other hand, financial problems
and lack of livelihood were addressed
by initiating several cash assistance
programs such as the Philippines’
Social Amelioration Program (SAP)
and Pantawid Pamilyang Pilipino
Program (4P’s).
Vietnam is now slowly reopening and
the foreign investors maintain an
optimistic outlook, with GDP projected
at 6.5 percent this year 2022.
Vietnam is now focusing on digital
economy, hi-tech industries, developing
the urban economy, strengthening
regional connectivity and the role key
economic zones, and restructuring to
achieve a green and sustainable
economy.
To fully realize the human potential and
fulfill the country’s aspiration of
achieving the high-income and
developed country status, the
government of Malaysia are now
working on enhancing the quality of
schooling to improve learning
outcomes, rethinking nutritional
interventions to reduce childhood
stunting and providing adequate social
welfare protection for household
investments in human capital.
As a respond to the surge in COVID-19
cases last June-July 2021, the
government of Indonesia increased the
COVID-19 fiscal package from 4.2 to
4.5 percent of the country’s GDP
between March 2020 to July 2021,

Laos Job and livelihood loses due to
COVID-19 pandemic,
macroeconomic instability, with debt and revenue leakages, boost
growing dept services
obligations, heightened financial more job opportunities.
risks and insufficient foreign
exchange earnings
Sri Lanka Skyrocketing inflation, weak
government finances, ill-timed
tax cuts and the COVID-19
pandemic
TASK 9: Using a short bond paper, make a poster showing the pros and cons of
globalization.
SELF-EVALUATION: Answer the question below.
through budget reallocation. The
additional spending is to improve
patient treatment and expand food
assistance, cash transfers and wage
subsidies.
Moreover, with the support of the
World Bank to Indonesia’s climate
change mitigation and adaptation
measures to deliver impactful climate
action in the sectors of land use, oceans
and energy and mobilizing climate
finance.
The government of Laos are now
working in vowing to tackle public
exports, counter corruption and create
The government has also pledged to
foster quality growth and reduce
reliance on the natural resources sector,
to increase access to basic public
services, especially health and
education, and to place more emphasis
on human resource development.
To addressed the economic problems,
the Rajapaksa’s government has
restricted imports of several items that
have been declared “nonessential”.
Second, the government approached
India and China for assistance.

In your own opinion, what is the
most pressing concern that
developing countries should
address under globalization? How
should it be addressed?
Social and economic inequalities is the most
pressing concern for me. Reduced inequality
necessitates radical transformation. Extreme poverty
and hunger must be eradicated and more investment
in health, education, social protection and decent
jobs must be made particularly for young people,
migrants and other vulnerable communities.
Moreover, increasing economic inclusion, as well as
providing respectable work and greater wages
would help and encouraging pro-poor economic
policies and the development of equitable and
transparent tax systems.

POST-TEST: Answer the following questions briefly.

1.What does the contrast between the slums of Metro Manila and the capital’s posh
villages signify?

It showed the socioeconomic status of two communities, the people in slum areas and
the people living in a clean and wealthy village. It’s clear that these two communities
having different ways of living like people in wealthy village working in different kind of
offices and earning big while the people in slum areas are earning through digging
garbage.

2.How can the Global South catch up with the Global North?

The Global South is now catching up with the Global North through gross domestic
product and trade values. The recent proliferation of regional trade agreement has been a
major boon for the South, supported by strengthening macroeconomic fundamentals such
as savings and investing.

3.Do globalization and regionalization converge? How and when do they converge?

Yes, because regionalization serves as a stepping stone on the path to globalization,

providing a "safer" version of globalization. For example, nations have lost control over
their societies' external relations as a result of rapid globalization when they are exposed
to mutual cultural influences, and regionalization has responded to this cultural
globalization by increasing cultural identity and the establishment of regionalist parties.