NAME: _Jonathan Musong____________ COURSE AND SECTION: _BAS-LT-NS-

3B
DATE: _Oct 17, 2022____
ACTIVITY 1 LESSON 1 AND 2:

A. From the 5 Core Claims of Globalization, choose two claims and give one
situation or example in each that supports the claim of your choice. Explain in a
short paragraph the reason why your claims and example are aligned. Cite your
reference using APA format. (20 POINTS)

CLAIMS EXAMPLE AND EXPLANATION

Globalization is about the The global reach of every single one of
Liberalization and Global Integration the Fortune 500 firms exceeds 100
of Markets. different nations. Because of this, the
entire world has become one big village.
These days, it's not hard to track down
an American or European brand's goods
anywhere in the world. The scenario was
very different twenty or thirty years ago.
Thus, we can conclude that globalization
has led to the integration of markets.
Globalization is inevitable and These days, every nation is extremely
irreversible reliant on every other nation.
Additionally, the degree of dependence
is so high that any attempt at withdrawal
would result in the collapse of the global
economy.
B. Individual Activity: Based on the explanation about the global economy and
your understanding about the topic, make a list on the advantages and
disadvantages of the global free trade. (30 POINTS)

The Global Economic Integration

Advantages
 Ensure the free movement of
goods and services
 Exporters with competitive
advantage
 Consumers who benefit from
cheaper import prices
 Increase employment
opportunities
 Technology transfer
 Low production cost
 Supply with important medical
equipment
 International cooperation
 Higher tax revenue
 Countries can specialize in
certain products
 Access to international
industry experts
Disadvantages
 Increase job Outsourcing
 Degradation of natural resources
 Cultural Differences
 Resource depletion
 Local unemployment
 High levels of gas emissions
 Big companies may be able to
avoid paying taxes
 Economic interests may lead to
injustice
 Dependency on other countries
 Highly skilled workers may leave
their home country
 Complying with international laws
may be difficult
 Small companies may go out
business
C. From your list in Activity A, decide whether you agree or disagree with the
proposition that: “Global economic integration has done more harm than good.”
You may scribble down your arguments supporting your stance. Prepare for a
class argumentation to be facilitated by your instructor. (10 POINTS)

I completely agree with the statement that global economic integration has done
more harm than good because it has facilitated the free flow of goods and services
and removed almost all trade barriers, thereby making the developing nations worse
off because they have become completely reliant on the developed nations and the
developed nations view the developing nation as a market for selling their goods and
services.