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I. COMPARE AND CONTRAST. In your own words, compare and contrast the
following using Venn diagram. (10 points x 3 items)
II. ESSAY AND APPLICATION. In your own words, answer the following
questions as precisely yet as thoroughly as possible in not less than (5)
sentences. (5 points x 4 items)
1. Does global free trade has done more harm than good?
Free trade, which I understand as the absence of tariffs, quotas, or other
governmental barriers to international trade, enables each nation to focus
on the products it can manufacture more effectively and affordably. In my
opinion, free trade has not only reduced and eliminated tariffs, but also
helped address hidden trade barriers that would otherwise inhibit the flow
of goods and services, encouraged investment, and improved regulations
governing such matters as intellectual property, e-commerce, and public
procurement. And also free trade agreements will I think help boost the
growth of exports
2. How could emerging economies and developing countries like the
Philippines benefit from market integration, including increasing our
participation in this global phenomenon?
We all know that the Philippine government is still trying to figure out how
to really enhance the country economy. Market integration has had a lot of
positive social effects, including increasing competition in the financial
services sector and broadening the range of investment options and
financial services that consumers can access. And as a result, our nation
benefited in many ways, particularly in agriculture since we export rice to
Singapore and other nations. Also, market integration may make it
possible for exports to reach new markets, so promoting employment
development and economic expansion. As a result, this allows individuals
to work abroad, increasing productivity and opening up new employment
opportunities for Filipinos. If visas and work permits for skilled labour are
made easy to get, workers will be safeguarded.
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security as its primary objective. The UN does this by trying to prevent
war, assisting parties to conflict in reaching a settlement, sending
peacekeepers, and creating conditions that will allow peace to endure and
develop. They work to combat terrorism and extremism. Also, they are the
ones who support economic development, human rights, and global
stability. This organization is really dedicated to the preservation of
international peace and security.
4. How does the contemporary global governance contribute to a state?
Global governance is the collaborative effort to solve and handle global
challenges that cannot be resolved by one state, one player, or even more
than that. This effort can come from nations, institutions, or commercial
organizations. It contributes to the state in a way that they are the ones
who provide global public goods, from which we can see that many people
have benefited, particularly in our country, the Philippines. In terms of
peace and security, we're not experiencing any conflict with other
countries because of our global governance, justice and conflict resolution
systems, operating markets, and unified standards for trade and industry.
ESSAY RUBRIC
Rubric for scoring:
CRITERIA DESCRIPTION POINTS
Provided pieces of
evidence, supporting
details, and factual
Content scenarios.
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TOTAL 5
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GE7 Quiz#2: The Contemporary World