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Songcados, Khenny Marie BSED ENGLISH

ACTIVITY 9: IMPACT OF GLOBAL ECONOMY

Scenario Positive Negative

Scenario A: Agriculture is the • Urbanization also presents • Land use change, however,
main source of employment in important opportunities to does not come without costs.
your home province. The farmers. The emergence of a Conversion of farmland and
government has recently new costumer base provides forest to urban development
decided to develop the farmers a new opportunities reduces the amount of lands
farmlands into real estate and for selling high value crops. available for food and timber
exclusive subdivisions in production.
order to attract foreign • The explosion of nurseries,
investors to the country. vegetable farms, vineyard, and • soil erosion
other high-value crop
industries in many suburban • salinization
areas illustrated how quickly • desertification,
agricultural economies can
evolve. • and other soil degradation
associated with intensive
• Many farmers have shown agriculture and deforestation
remarkable adaptability in reduce the quality of land
adjusting their enterprises to resources and future
take advantage of new agricultural productivity.
economic opportunities at the
urban fringe. • Urbanization presents many
challenges for farmers on the
• Urbanization has changed urban fringe.
rural communities in many
places. In some rural areas, • As urbanization intensifies,
urban sprawl has encroached agricultural and non-
to such an extent that the agricultural lang use conflicts
community itself has been because more severe.
lost. The change in income
• This may lead to an increase
mix led to a smaller tax base
in local ordinances designed
and the need for more so
to force farmers to pay for
social services in urban
some of the negative impacts
communities.
generated by agriculture.

Scenario B: You decided to • You can buy stuff like shirt • It takes time for the product
purchase a new shirt through that are not available at your to arrive.
an online shop based in local stores. • Quality is not sure because
London. the shopping is done online.
• There are a variety of choice
to choose. • If there are problems in the
product, the return will surely
• More convenient and easy. be very hassle.
• Saves time and energy. • Product or parcel can be lost
along the way of delivery.

Scenario C: The Philippine Always nice to have good The economic managers have
government is being international relations - in been using runaway inflation
pressured by the current trade, in culture, in scientific to justify liberalizing rice
economic crisis to import rice adventures such as importation. But government's
from Taiwan and other nearby cooperation in space shots obsession with imports
countries in the region and the development of liberalization has only
Fusion Energy. These actions worsened the jobs crisis, loss
promote the raising of the of livelihoods, and farmers'
living conditions of the most bankruptcy.
valuable form of wealth any
Nation can have - Human
creativity, and increases the
morality and moral of the
citizens when Nations work
together to help each other
obtain a common goal.

Scenario D: A multinational If the company will close There will be an increase of


corporation decided to close. transferring to its country of unemployment rates. Budget
Unfortunately, your father is origin and decided to bring all and necessities of the
one of its many employees the employees to its main employees are affected
whose work has been office. Well, this move is good especially if they are the bread
terminated. However, he could giving the employees the winner of the family or one
still be employed if he were to opportunity to travel abroad. member of the family has a
accept the offer to move or medicine maintenance. It can
relocate to another country. be nightmare and a headache
to them.

Scenario E: The global She should ask you for help, Our global economy is
financial crisis has affected and you should get anything shrinking due to unstoppable
the investment funds of your she can afford into things that proliferation of infected
mother that she can use for will make her money so she people all over the world. As
her retirement. can survive and even thrive. we have seen on television
remember in every crisis there news. Every country is
is also opportunity. with the desperately fighting the virus
movement into crypto if she and is trying to do some
has the mental state to strategic moves to recover
understand it you should what has been lost, specially
teach her. if you don’t know of finance, business, and
then you learn with her until other source of income. Our
you understand and if she current situation is abnormal.
understands even better. Every human activity is
affected, even the circulation
of money in the marketplace
is also affected due to wide
lock down implemented.
People crying and asking for
financial assistance for their
daily

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