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Arcueno - Globalization
Arcueno - Globalization
Arcueno, Princess C.
3NU01
1. Define Globalization.
- Globalization is an elimination of barriers to trade, communication, and cultural
exchange. The theory behind globalization is that worldwide openness will promote the
inherent wealth of all nations. (ThoughtCo.)
I can say that globalization is a term that describes the growing interdependence of
trade, economy, and science & technology. It is here to stay it basically, because of the
rapid population growth in the world it cannot help, globalization helps a lot of
individuals and families since it provides more job and business opportunities moreover
it also makes life more convenient.
3. Are you pro globalization? Explain why are you in favor of globalization.
Yes, For the reason that it creates more opportunities to people that result economic
stability. Poorer countries can sell products and services to those with more money, therefore
creating economic gain.
4. Complete the table on the advantages and disadvantages of globalization in general.
Consider the global changes happening now.
ADVANTAGES DISADVANTAGES
- All things are convenient and - Making non rich people poorer
accessible. - High amount of taxes in trading
- Economic growth and stability - Unfair working conditions to migrant
- Create more job opportunities workers
- Cultural intermingling - Ecological damage
- There is a unity in solving ecological - Mismanagement of natural resources
- problems - Counterfeit products
- Innovation
Go to your room and do an inventory of everything you have in your possession. Organize your
inventory into two types: first, “things” that are made in the Philippines and second, those are
that of foreign brands. List the countries of origin of your foreign brand items.
6. Why certain products are made in the Philippines while others are produced abroad?
it is because of the term “globalization”, countries are being interconnected for the economic
growth and stability, that even though we can’t go abroad, we can encounter product from
different part of the world.
And besides Philippines has limited resources. Our country is basically known for being one of
the main exporters in the field of agriculture.