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Reyes, Crisel P.
Reyes, Crisel P.
IN
Efficient
Markets
GLOBALIZATION Productivity
Free-Trade
Deep Explanation!
Efficient Markets related to Globalization makes consumers buy products in a lower price
compared to other country which is not a part of this globalization since businesses will get
their supplies from other country with a cheaper price or with discount making it more
convenient to all the buyers. Outsourcing will allow businesses to use standard and cheap
materials and also offer more job opportunities to the citizens of a certain country.
Productivity allows the increase of products from different countries. They will produce large
quantity their products that can be distributed from different countries, selling it an affordable
price to make efficient marketting work and be possible.
Free-trade reduces the amount of tariffs or any form of barriers from imports and exports
which allows for more trade to occur with any international business.
Environmental impacts the consumption of every nation to be frowned upon but also
needed as globalization requires to put out more exports for globalization to function.
Activity 2: In the table identify atleast 10 advantages and dis advantages of globalization
ADVANTAGES DISADVANTAGES
Creates jobs It leads to reduced public revenues
It has lowered prices It can destroys the environment
Promotes peace It can leave us vulnerable to infectious diseases
Improved access to technology It creates a race to the bottom
Improves productivity Fuels inequality
New ideas due to cultural diversity It can underestimate local values
Larger markets Corruption
Earning changes Creates a single standard of consumption,
The main features of the culture of peoples are
Ability to tap into a wider talent pool
lost.
Globalization process is not taken cultural, social,
Introduction to the lifestyle of other
economic, political specifics of nationalities into
countries (educational tourism).
account.
Self Reflection:
As a transnational integration and expansion of economic, social, political, and cultural values,
globalization has certain effects on nursing as well. Globalization means the speedup of
movements and exchanges (of human beings, goods, and services, capital, technologies or
cultural practices) all over the world. One of the effects of globalization is that it promotes and
increases interactions between different regions and populations around the globe. The
globalization in health care creates an increasingly interconnected workforce spanning
international boundaries, systems, structures, and processes to provide care to and improve the
health of peoples around the world. In addition, t he so-called age of globalization has already
witnessed the rise of global health problems. The urgency of these problems demands that
nurses, as the largest group of healthcare workers, attain a global view on health and become
capable of creating appropriate and effective solutions.
Globalization is the interaction and integration among nations which is driven by international
among nations which is driven by international trade. The increase in literacy allowed the
Philippines to communicate and trade with more countries.
Globalization in the country has been very effective in the Philippines. There are more labor and
more companies that have emerged to help the economy and it has been rapidly developing in
the Philippines ever since the influence of the United States. Some of its advantages was, high
levels of education, export-oriented agricultural sector that has generated more than sufficient
foreign exchange, and lastly, because of the industrial sector growth, the Philippines has one of
the highest per capita incomes in Southeast Asia. These things are the benefits of globalization
in the country because they help the economy grow everyday. But, along with its advantages,
there have also been disadvantages of globalization in the Philippines and these are, not
enough jobs to accompany the large number of the population, hunger and suffering among
the lower class. The economy is majorly agricultural, so if something happens where crops
cannot be grown and produced, the economy might suffer since globalization was more on a
paper-work advantage and not merely more on labor works. These are the impacts of
Globalization in the Philippines.
1. Identify the cause and effect of market integration in terms of geographical
location, price. Community demand.
Cause Effect
High price of trades Reduced the cost of trade
Availability of goods Improved the availability of goods
Availability of services Improved the availability of services
Lacking in supply availability Increased consumer purchasing
Market availability Market expansion
High price of products Reduced cost of products
Lacks of supply Increased supply
Unemployment Offered more jobs
2.Study the history of global economy and its relationship to market integration and
international financial institution.
The global economy refers to the interconnected worldwide economic activities that take
place between multiple countries. Market integration increases financial and economic
efficiency, and lead to a higher economic growth. International financial institutions provide
businesses or governments with a loan for emergency purposes or for normal business
functions. When these institutions provide money to another group, an element of risk is
present. Therefore, the relationship of these three are they increases the demands of job in the
country through collaborating with other countries which increases the economic growth of the
society as well as the different opportunities which they offered such as loans, jobs and etc.
They are the one that is responsible in uplifting the economic status of the nation. Through
global economy, market integration may occur facilitated by international financial institution in
a worldwide activity which aims to make the world a better living.
The World Economy or Global Economy is the economy of all humans of the world,
referring to the global economic system that includes all economic activity within nations and
between nations, including production, consumption, economic management, exchange of
financial values and trade of goods and services. The global economy refers to the
interconnected worldwide economic activities that take place between multiple countries. These
developments led to the advent of the global economy. Due to the global economy and
globalization, domestic economies have become cohesive, leading to an improvement in their
performances. While Market Integration occurs when prices among different locations or
related goods follow similar patterns over a long period of time. Groups of goods often move
proportionally to each other and when this relation is very clear among different markets it is
said that the markets are integrated. Integrated marketing allows you to spread
your marketing message across multiple channels and increases the chances of it being heard.
Best of all, customers engaged through multiple channels tend to spend more than other
customers. Therefore, spreading your marketing message can increase your return on
investment. Creating digital assets like content, images and graphics costs time and money.
When you integrate your campaigns you eliminate any need for duplication because you share
these assets across channels. This saves a tremendous amount of resources.
Self Reflection:
Activity 1: ESSAY
The global economy refers to the interconnected worldwide economic activities that take place
between multiple countries. These economic activities can have either a positive or negative
impact on the countries involved. Global economy can be explained through one word —
transactions. International transactions taking place between top economies in the world help in
the continuance of the global economy. These transactions mainly comprise trade taking place
between different countries. International trade includes the exchange of a variety of products
between countries. It ranges all the way from fruits and foods, to natural oil and weapons.
While Modern Systems is a leading global provider of modernization solutions for legacy
application source code, data and platform transformations. Combined resources, software,
services and global reach makes one of the largest independent legacy application
modernization companies in the world. It can solve enterprise problems specific to legacy
technology and mainframe modernization. It is the most diverse range of services on the
market, supported by the most experienced modernization resources in the world.
International financial institutions provide businesses or governments with a loan for emergency
purposes or for normal business functions. When these institutions provide money to another
group, an element of risk is present. How the institutions manage these risks depends on the
specific situations. circumstances typically include far more terms and conditions on the loan
than a normal business loan. The international financial bodies have to play the role of
changing market positions. The traditional objectives of some of these institutions such as the
World Bank and the IMF entail elevation of poverty in developing countries, enhancing
measures that promote economic growth and protection of the environment. The best-known
IFIs were established after World War II to assist in the reconstruction of Europe and provide
mechanisms for international cooperation in managing the global financial system. They include
the World Bank, the IMF, and the International Finance Corporation. IFIs are significantly
important in project finance because they play a significant role in supporting large scale
infrastructure projects in emerging markets. They can provide critical capital and catalyse the
participation of other players.
Activity 2: Create an image and describe your image.
Description: The photo shown above was merely on the advantages of global economy.
Wherein it depicts that in global economy, more jobs will be offered because one country was
linked to other country which makes it more likely have the high possibility of employment since
not just one nor two country where you can apply. Hence, you have variety of choices
depending on the job which suited you. Another one is the establishments of factories which
required labor works or other kind of works which also need workers making it more jobs can
be availed by the citizens of that certain country where it will be established. Building of
buildings, money transfer and other sorts of jobs making the economy of every country linked
or involved in this globalization grow. Globalization aims to make the world progress, that’s
what this picture is trying to show. High possibility of employment wherein more jobs will be
offered making it an increase in the economy since a lot of people in the population has their
own job, earning money for their own family. Less people will starve from hunger because jobs
has been available to many.
Self Reflection
The significance of Global Economy has lower prices/greater choice, good quality and affordable
products, and increased of global investment. Aside from that, global economy is significant
because it has a lot of benefits such as free trade, movement of labour, it increases economies
of scale and it increases investment.
Free trade is an excellent method for countries to exchange goods and services. It also allows
countries to specialize in the production of those goods in which they have a comparative
advantage.
Movement of labour increased migration of the labour force is advantageous for the recipient
country as well as for the workers. If a country is going through a phase of high
unemployment, workers can look for jobs in other countries. This also helps in reducing
geographical inequality.
Increased economies of scale because the specialization of goods production in most countries
has led to advantageous economic factors such as lower average costs and lower prices for
customers.
Increased investment due to the presence of global economy, it has become easier for
countries to attract short-term and long-term investment. Investments in developing countries
go a long way in improving their economies.
The international financial bodies have to play the role of changing market positions. The
traditional objectives of some of these institutions such as the World Bank and the IMF entail
elevation of poverty in developing countries, enhancing measures that promote economic
growth and protection of the environment. International financial institutions provide businesses
or governments with a loan for emergency purposes or for normal business functions. When
these institutions provide money to another group, an element of risk is present. How the
institutions manage these risks depends on the specific situations. High-risk circumstances
typically include far more terms and conditions on the loan than a normal business loan.
Brush up!
In our everyday life, we view the world as peace, happiness, sadness and a wonderful life. But
sadly, there's a pandemic who change the world. I view the world as of now as a fearful,
stressful and challenging. We all know that as of now, we still increasing in cases of the virus
which is Covid-19. It's hard to live this way, since we are not free to go anywhere or
somewhere. Life is a full of enjoyment. But when I think that there still a virus that can kill or
destroy people's life, I view the world as unfair and full of sickness.
Globalization affects my daily living especially we are selling products that made only in the
Philippines. But because of the products from the other countries, we are considering our
products as underrated. Since we all know that people are more interested on the products of
western, middle east or etc.
Brush up!
Activity1: Table Labeling
Write your answers on the space provided.
Rubrics:
Creativity 25%
Relevance 75%
______
100%
SOUTH NORTH
The economy of the South was based on Cities develop in North as centers of trade.
agriculture.
The economy of the North was based on
The culture of the South was determined manufacturing.
by the upper class plantation owners and
their families. The culture of the North was determined by
life in the cities.
The South was still dependent on the
steamship. Canals were mostly in the North.
Activity 2:
What are the experiences of Latin America countries that can be learned
from the concept of globalization? Explain.
The experiences of Latin America in globalization has its positive and negative
effect. The positive effects of globalization in Latin America includes trade, production,
labour market, and demographic improvement, while the negative effects are comprise
of divergence of communities, increased transitional, cross-border and rural–urban
migration, and infrastructural deficit. There are also emergent challenges for Latin
American Economies which can be considered as a part of their experiences which
includes slowdown in growth due to an inability to achieve continuous improvements in
competitiveness and productivity, poor quality of education and the slow transfer of
knowledge and innovative ideas and the last is excessive inequality and lack of social
protection. In addition, Latin America's economy is composed of two main economic
sectors which are agriculture and mining. Latin America has large areas of land that are
rich in minerals and other raw materials. Also, the tropical and temperate climates of
Latin America makes it ideal for growing a variety of agricultural products.
Self Reflection
Activity 1: Create an image on the following aspect and describe your image.
Asian Regionalism
We are all aware that among all the seven continents, Asia is the biggest, making it
possible for a wider and bigger progress since there are more countries involve. And the
concept Asian Regionalism, it is a product of economic interaction as a result of successful,
outward- oriented growth strategies resulting to Asian’s economy to grown not only richer or for
the money but also closer together to one another. The photo I have above is a representation
of negotiation or a kind of interaction in the business world wherein information, money,
knowledge and trust is their main investment that allows the involving country to merge each
other in terms of certain products they produce in their own country that can be imported or
exported from one country to another making each countries grow not only financially but also
as a family or as a business partner which gets profit from each other.
Rubrics:
Relevance to the topic 50%
Creativity 25%
Effectiveness/ Neatness 25%
__________
100%
SEMI FINALS
Activity 1: Words to know
Write your answers on a sheet of paper and compile to be pass on the given deadline.
Microsoft word document must submitted in LMS .
Pick an Asian Musical Artist that became internationally famous and answer the
following questions.
This group artist was originated from South Korea, specifically under Big Hit Entertainment owned
by Mr. Bang Si-Hyuk.
They become famous first on their own country which is South Korea but just the span of 3 years,
their group was noticed by other countries as well until as years passes by they become a well-
known singers around the world which net worth was 7.9 million US dollars and won different
awards locally and internationally.
These artist become famous because of their extra ordinary talents. Aside from their looks which is
indeed a God-given gift, their dancing and singing skills was astounding and really exceptional
making them the most famous korean group in entertainment industry. Because of their hardships
and sacrifices, what they have right now, the fame and everything, this is all because of their own
deed and along their journey they have Mr. Bang Si Hyuk who guided and supported them all
throughout their career.
Why do they become famous? It’s because of their talents and humbleness. Despite of being on
top, they never forget to share and show gratitude to all the people around them especially to their
fans. Aside from that, the reason why they become this famous is because they care to each other
that’s why the fans idolize them not only as a group but also individually. As what their group
leader once said, “Teamwork makes the dream work”, so their fame right now isn’t that shocking
anymore cause what you see on them is what you get with an extra.
SELF
REFLECTION
Answer the following questions based on the topic / lesson uploaded in LMS form
How do the media affect cultural globalization?
The media have an important impact on cultural globalization in two mutually interdependent
ways: Firstly, the media provide an extensive transnational transmission of cultural products and,
secondly, they contribute to the formation of communicative networks and social structures. The
mass media are seen today as playing a key role in enhancing globalization, facilitating culture
exchange and multiple flows of information and image between countries through international
news broadcasts, television programming, new technologies, film and music.
Activity 1
How do you describe the reaction of some religious movements to globalization? How do
others facilitate globalization?
Globalization refers to the historical process by which all the world's people increasingly
come to live in a single social unit. Religions identify themselves in relation to one another, and
they become less rooted in particular places because of Diasporas and transnational ties. By
diminishing the barriers between different cultures, globalization lands religion in a quagmire
of conflicts which reinforce social identities as some do not accept the new realities and turn to
religion to rediscover their own identity. Religion provides a sense of belongingness to a group
in the world. Religion has always been global, in the sense that religious communities and
traditions have always maintained permeable boundaries. They have moved, shifted, and
interacted with one another around the globe. In the past two decades, secularization has
been accelerated and accentuated by globalization. This process has been led by the United
States. The great religions correctly see the globalization led by the United States to be closely
connected with secularization and therefore to be a threat to themselves.
Others facilitate globalization through Travelling, Recruiting Diverse People, Encouraging
Cultural Sensitivity, Optimizing websites, Widening their searches, Targeting Specific Nice
Markets, Offering Multilingual Contents and Incorporating More Convenience. Technology is
the vital force in the modern form of business globalization. Technology has helped us in
overcoming the major hurdles of globalization and international trade such as trade barrier,
lack of common ethical standard, transportation cost and delay in information exchange,
thereby changing the market place despite from that, technology is one of the most used
aspect in facilitating globalization.
Rubrics:
Relevance to the topic 50%
Creativity 25%
Effectiveness/ Neatness 25%
__________
100%
Activity 2: Post an image of the following and briefly describe the item.
Prayer is a communication to God. Prayer is done by those who trust the power of word and
thought. Jesus taught people to say the Lord's Prayer. Prayer can be spoken, silent (no
talking), or in a song. It can be used to praise God or to ask for something including help and
forgiveness. Prayer is the way of humans to communicate with God.
What is the impact of globalization to religion?
Globalization transforms the generic 'religion' into a world-system of competing and
conflicting religions. This process of institutional specialization has transformed local, diverse
and fragmented cultural practices into recognizable systems of religion. Globalization means
the speedup of movements and exchanges (of human beings, goods, and services, capital,
technologies or cultural practices) all over the planet. One of the effects of globalization is that
it promotes and increases interactions between different regions and populations around the
globe. Globalization has had a profound impact on Christianity. It has a “tendency to foster
secularization among peoples and cultures that are not secular and do not want to be secular”.
Globalization also helps the religion in spreading the word of God through the use of
technology especially in social media.
Self Reflection: