La Carlota City College

CITY OF LA CARLOTA
BAM DEPARTMENT
-oOo-

MA 29
INTERNATIONAL BUSINESS AND TRADE
THE CONTEMPORARY WORLD AND GLOBALIZATION
GROUP TASK #2

SUBMITTED TO:

JET SIEGBERT A. OREGANO, MBA

SUBMITTED BY:

ABANGAY, JONNA MAE B.

ALBARICO, MONICA C.
ALUSIMAN, MANELYN J.
DESENDARIO, GHEMILLE N.
NACION, ESTEFANIE M.
TIGALLO, DYNA A.

BSMA-4 SET A
7:00-8:30, TTH

JUNE 19, 2022

INSTRUCTIONS
In an increasingly interconnected and interdependent world, some issues are far too big for countries to
handle on their own. Countries need to work together, and they do so in part through international
organizations that encourage economic cooperation and diplomatic resolutions to global problems.
REQUIRED: PROVIDE AT LEAST SEVEN (7) INTERNATIONAL TRADE ORGANIZATIONS
AND COMPLETE THE TABLE BELOW BY INDICATING THE NECESSARY DETAILS BASED
ON THE REQUIRED FIELDS:
(An example is given for reference)

INTERNATION KEY ROLES ADVANTAGES AND MEMBER REFERENCE

AL DISADVANTAGES (at COUNTRIES S
ORGANIZATI least 3 each)
ON

World Trade  Regulates Advantages At its Baylis, J.,

Organization international 1. Lower prices for creation, the Smith, S. and
(WTO) trades, consumers. Removing World Trade Owens, P.,
ensures tariffs enables us to buy
Organization 2014. The
smooth flow cheaper imports
2. Free trade encourages has 125 globalizatio
of trade, and
provides a greater competitiveness. member n of world
forum for Through free trade, countries. politics. 6th
negotiations firms face a higher Today, there ed. Oxford:
for trade incentive to cut costs. are 164 Oxford
agreements For example, a member University
among domestic monopoly countries Press.
countries and may now face
regions of the competition from
foreign firms. Examples: World Trade
world
 Provides 3. Economies of scale. By Australia Brazil Organizatio
legal encouraging free trade, Canada Haiti n. World
framework firms can specialize and Philippines Trade
for produce a higher Ukraine Report.
negotiation of quantity. Geneva
trade Disadvantages World Trade
disputes. This 1. WTO trade deals still
Organizatio
aims to encompass a lot of
protectionism in areas n, 2015.
provide
greater like agriculture. <http://w
stability and Protectionist tariffs ww.wto.org
predictability which primarily benefit /english/re
in trade richer nations, such as s_e/reser_e
 WTO is the EU and US. /wtr_arc_e.
committed to 2. WTO has rules which htm>.
economic favor multinationals.
development. For example, 'most
For example, favoured nation'
recent rounds principle means
have put countries should trade
pressure on without discrimination.
 developed 3. In some areas, such as
countries to life-saving drugs, WTO
accelerate has raised the price and
restrictions made it less affordable
on imports for developing
from the countries.
least-
developing
countries.
 WTO is not a
completely
free trade
body. It
allows tariffs
and trade
restrictions
under certain
conditions,
e.g.
protection
against
'dumping' of
cheap surplus
goods.
 WTO is
committed to
protecting
fair
competition.
1. Asia-Pacific • Promoting the Advantages: APEC's 21 https://
Economic adoption of high- member www.brooking
Cooperation standard, market- 1. APEC works to help all economies are s.edu/research/
(APEC) opening actions to residents of the Asia- Australia; time-to-
eliminate barriers Pacific participate in Brunei reinvent-apec/
to trade and the growing economy.
investment, and
Darussalam;
For example, APEC
addressing trade projects provide digital Canada; Chile; https://
distorting and skills training for rural People's ustr.gov/issue-
other unfair communities and help Republic of areas/trade-
practices; indigenous women China; Hong organizations/
export their products Kong, China; asia-pacific-
• Reducing abroad. Indonesia; economic-
barriers to digital 2.  Member economies Japan; Republic cooperation-
trade to support participate on the basis of Korea; apec
innovation and the of open dialogue and Malaysia;
growth of the respect for views of all
Mexico; New
digital participants. In APEC,
all economies have an
Zealand; Papua
marketplace;
equal say and decision- New Guinea;
making is reached by Peru; The
• Increasing
consensus. There are no Philippines; The
services
competitiveness in binding commitments Russian
the region by or treaty obligations. Federation;
lowering barriers Commitments are Singapore;
that impede U.S. undertaken on a Chinese Taipei;
services exports; voluntary basis and Thailand;
capacity building United States of
• Promoting good projects help members America; Viet
regulatory implement APEC Nam. 
practices in such initiatives
areas as public 3.  APEC projects also
consultations, target specific policy
assessing the areas from enhancing
impact of small and medium
regulations, and enterprise
internal competitiveness to
coordination of facilitating the adoption
rule-making; of renewable energy
technologies in the
• Promoting region.
regulatory
cooperation in key Disadvantages:
sectors such as
chemicals, life 1. Trade liberalization
sciences, and within APEC is
autos; and organized around the
notion of open
regionalism, meaning
• Reducing
that members offer any
transaction costs
reductions in their trade
for U.S.
barriers to all other
businesses by
countries in a non-
implementing the
discriminatory way,
WTO Agreement
whether members of
on Trade
APEC or not.
Facilitation
2. A lack of consensus
through capacity
over its objectives and
building projects
how these might best be
and public-private
realized; the absence of
engagement.
an institutionalized
driving force for the
grouping; and a failure
to engage with civil
society. 
3. The APEC approach
creates political
obstacles to
liberalization, since free
riders outside APEC do
not have to dismantle
their own trade barriers
to benefit from APEC
openness.
4. Each member brings to
the annual APEC
summit an internally
generated offer of trade
and investment
liberalizing measures,
known as an Individual
 Action Plan (IAP),
which is not subject to
any serious bargaining.
Nor must members
agree to one another’s
plans for lowering trade
barriers.
2. Association of 1. Accelerate Advantages: ASEAN brings https://
Southeast Asian economic growth, together ten asean.org/
Nations social progress 1. With the help of ASEAN Southeast Asian what-we-do/
(ASEAN) and cultural integration, the buyer has states – Brunei,
development in opportunity to buy cheaper Cambodia, https://
the region and of goods or service the Indonesia, Laos,
aseanmerjhon.
2. Promote region will easily become Malaysia,
regional peace more accessible for good Myanmar, the wordpress.com
and stability within the region Philippines, /
through abiding Singapore, https://
respect for justice 2. Become easier to travel Thailand and www.dfat.gov.
and the rule of within ASEAN since it will Vietnam – into au/
law in the be relatively cheaper, Visa one organisation. international-
relationship free, and must importantly it relations/
among countries would only take you a regional-
in the region and couple of hours architecture/
adherence to the
asean#:~:text=
principles of the 3. Lead more jobs
United Nations
ASEAN
opportunities across the
Charter. %20brings
ASEAN more foreign
3.promote active investments in our country, %20together
collaboration and and for business owners %20ten
mutual assistance more potential customer to %20Southeast,
on matters of sell their product to. and
common interest Opportunity for more jobs %20Vietnam
in the economic, locally, ASEAN economy %20%E2%80
social, cultural, will mean more job %93%20into
technical, opportunities not only in our %20one
scientific and country but across the %20organisatio
administrative ASEAN region.
fields; n.
4. provide Disadvantages:
assistance to each
other in the form 1. The ASEAN integration
of training and cause market to be flooded
research facilities by cheaper products.
in the educational, Example of agricultural
professional, products like sugar and rice
technical and are cheaper in places like
administrative Cambodia and India.
spheres 2. ASEAN is the common
5. Collaborate house of 10 countries with
more effectively different economic
to encourage situations, political
further growth in institutions, and religions
the agriculture making it difficult to
and industry, and implement effective policies
trade sectors. for all members
 This includes 3. The ASEAN Economic
improving Community lacks protection
transportation and for small and medium
communications enterprises and reluctant on
facilities and promoting human rights and
conducting democracy in countries such
studies on as Myanmar.
international
commodity trade 4. Economic cooperation
with the between ASEAN countries
overarching goal are not exclusive and
of raising the inclusive enough to increase
living standards regional trade relations.
of ASEAN
peoples;
6. promote
Southeast Asian
studies; and
7. maintain close
and beneficial
cooperation with
existing
international and
regional
organisations
with similar aims
and purposes, and
explore all
avenues for even
closer
cooperation
among
themselves
3.

4.

5.

6.

7.

REFLECTION QUESTION (Individual):

Note. This is to be answered individually. Same paper, just collate your answers and put your names
under your own answers.
 Based on the international organizations that you have signified and their corresponding key
roles, as well as their perceived advantages and disadvantages, do you think that these
international organizations do more good than harm collectively in terms of advancing our
economy and political aspirations, say in our country the Philippines? Why or why not? Cite
your reasons. (You may back up your answers with real-life examples or scenarios for
a more practical approach)

ANSWER:

1. For me, these organizations do more good than harm on our country because for the past decades, our country
benefited their services one way or another. One example is when Philippines joined ASEAN. Our relationships
with neighbouring countries improved which opened for more job opportunities, study options, cheaper goods and
services, cheaper travel options and improved economy. Although there are disadvantages, perhaps it depends on
our county how to deal with these negative impacts because in the first place, these organizations were not made to
bring negative impacts but to improve the quality of its subordinates.