UNIT 2 WORKSHEETS

Name: Perez, Jan Alyzza Brigoli Year & Section: 1A

General instructions: Read all the topics in Chapter 2, “Structures of

Globalization. The topics are as follows: The Global Economy, The Global
Interstate System, Market Integration, and Contemporary Global Governance.
These topics can be found in your textbook entitled; “The Contemporary World”
by Botor, et.al, pp. 23-57. After reading, answer the following exercises are as
follows: (80 points)

● Recall

DISCUSSION
On this part, your task is to define the following terms in your own words.
(3 points x 10)

1. Economic globalization
The growth of economies, global markets fueled by modern technologies, and
institutional structures that encourage the free flow of goods and capital.

2. Global economy
Implies that economies will become more intertwined from extraction, production,
distribution, consumption, and services.

3. Global civil society

Those who coordinate, resolve, or manage common problems across
geographical boundaries. They are also not government-run organizations

4. Global corporation
Manufacturing, extraction, services, and marketing in more than one country are
managed and added value by them.

5. World system

A world system is also known as a social system. It acknowledges the

consequences of social and economic change on a country and understands
how relationships affect it.

Worksheets in GE7: THE CONTEMPORARY WORLD

 6. Economic integration
A method of connecting and increasing national economies to regional or global
economies.

7. Global Interstate System

This system appears to believe that all states are defined by their interactions
with other states through involvement in the global economy.

8. Internationalism
Internationalism is most generally defined as a respect for the world's varied
cultures and a desire for global peace.

9. Market integration
An approach for assisting economies in becoming more self-sufficient and
intertwined in terms of commodity flows. Externalities and spillover effects are
included.

10. Global Governance

This is the capacity to provide government-like services within the international
system at any time when there is absence of a world government. All of this
together aids actors and nations in understanding and resolving conflicts and
challenges.

● Evaluation

CONTEMPLATE

Worksheets in GE7: THE CONTEMPORARY WORLD

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The objective of the game “Guess What?” is for you to correctly identify if a
specific corporation is an MNC or TNC. Please indicate your answer after the
name of a company. (1point x 10)

Examples of companies:

1. Procter & Gamble - MNC

2. Nestle - TNC

3. Sony Corporation - MNC

4. Microsoft - MNC

5. Apple, Inc. - MNC

6. Google - MNC

7. Facebook - MNC

8. Ford Motor - TNC

9. Allianz - MNC

10. General Electric – TNC

● Reflect
ESSAY
In your own words, answer the following questions thoroughly in not less than
Five (5). (5 points x 8)

1. Who are the actors that facilitate Economic Globalization?

To begin with, there are international economic organizations who create and
encourage exchange in different nations. Next are multinational companies who
are AKA main carriers of economic globalization. Central banks are also huge
contributors and are considered to be prime movers in globalization. Lastly,
global civil society as the ones considered to be major drivers of economic

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globalization.

2. Does global free trade have done more harm than good?
Yes. Global free trading has indeed helped all consumers buy and afford cheaper
goods but this has unquestionably harmed many other countries. The usefulness
of the cheap products in question is only relative to national prosperity. It has
done economic damage to some countries, and environmental damage globally.
It has done or produced many negative effects despite its original intention that is
meant to eliminate unfair barriers to global commerce and raise the economy in
developed and developing nations.

3. What are the effects of globalization on the government?

Governments are constrained by globalization because their fiscal weight is
raised. They shift their uses away from capital and toward exchanges and
appropriations. Citizens' preferences may boost this move in order to
compensate for the risks of globalization.

4. Name an international organization and identify its role in global

governance.
World Trade Organization, its aim is to regulate international trade laws and
ensure that all members are treated fairly and equally using negotiations and
trade dispute resolution. They create global trade rules and settle disputes
among countries, which might disagree on the interpretation of those rules.

5. What are the similarities and differences of MNCs and TNCs?

MNC and TNC are both highly influential to globalization, economic and
environmental lobbying in most countries. Both have a local impact on
employment, standard of living, and real wages, and both have a local impact on
production. TNC is a decentralized structure that operates or enables the
production of goods and services in more than one country, but not in the country
where it is based. MNC is a centralized management structure that runs its
production of investment, services, or management at least in one country along
with its home country.

6. How could emerging economies and developing countries like the

Philippines benefit from market integration, including increasing our
participation in this global phenomenon?
Nationals can work in other countries, enhancing productivity and providing more
job chances for Filipinos working overseas. Workers will be protected if visas and
work permits for skilled labor are made easier to get.

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 7. How do the United Nations function as an international government
organization?
To promote world peace and stability, as well as human rights and economic
growth. This organization is dedicated to the preservation of international peace
and security. They work to combat terrorism and extremism, as well as to avert
conflict in peacekeeping and peacebuilding.

8. How has the global crisis been addressed by the United Nations, G20+,
and other international bodies?
According to reports, it has been mentioned that the COVID-19 pandemic is
more than a health crisis and should also be treated and seen as an economic
crisis, humanitarian crisis, security crisis and a human rights crisis. It has affected
everything in ways that even in the government or “higher-ups” could control. To
get out of this crisis, a whole-of-society, whole-of-government, and whole-of-
world approach based on compassion and solidarity is expected.

ESSAY RUBRIC
Rubric for scoring:
CRITERIA DESCRIPTION POINTS
Provided pieces of
evidence, supporting
Content details, and factual
scenarios. 2

Grammar Used correct grammar,

punctuation, spelling, and
capitalization. 2
Organization of ideas Expressed the points in
clear and logical 1
arrangement of ideas in
the paragraph.
TOTAL 5

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Worksheets in GE7: THE CONTEMPORARY WORLD