AMA COMPUTER LEARNING CENTER – APALIT

The Manansala Bldg., MacArthur Hiway, Sulipan,

Apalit, Pampanga, Philippines

FINAL
ACCOMPLISHMENT
IN
CONTEMPORARY WORLD
“GLOBAL ECONOMY”

SUBMITTED BY: SUBMITTED TO:

JAMES LAWRENCE T. CRUZ MRS. LOREN
MAGLANGQUE

BACHELOR OF SCIENCE IN TOURISM MANAGEMENT 11A

 I. INTRODUCTION

The aggregate of economic activity that actually happen both between and among
nations can be referred to as the global economy. With its own factory output, employment
market, stock market, assets, and environment, each nation is a distinct entity. Globalization
facilitated and accelerated the expansion of international trade, financial, and international
migration, which are illustrative areas where nations must collaborate and find common ground.
One result of globalization is that significant changes in one country have an impact on other
countries. Economic globalization is the term used to describe the rising interconnectedness of
global economies as a result of the expansion of international capital flows, the widespread and
quick dissemination of technology, and the scope of cross-border trade in both goods and
services.

The economy may benefit from expanded choice, higher-quality products, increased
competition, economies of scale, increased capital flows, enhanced labor mobility, and
improved international relations as a result of globalization. The term "globalization" refers to
the process by which national and regional economies, societies, and cultures have merged via
the world's network of commerce, communication, immigration, and transportation. The global
economy was brought about as a result of these changes. Domestic economies have
consolidated as a result of the global economy and globalization, which has improved their
performances.

II. COPIES OF YOUR TOPIC REPORT

Automation and job displacement will be two of the most important elements affecting
the global economy in the approaching generations due to the development and deploymeny of
technology to monitor and control the production and delivery of products and services.

Quality of Life numerous variables can influence someone’s quality of life in various
ways depending on their include things like financial security, work satisfaction, family life,
health and safety.

III. EXPLAINATION

Automation
Experts in automation are tasked with resolving complicated problems in a variety of
crucial areas of business and its operations. The job of automation professionals is essential to
preserving the health of the public, safety, and welfare as well as to sustaining and improving
our quality of life. Automation is the use of technology to fulfill previously accomplished by
humans or increasingly to jobs that would be impossible without them.

Automation is generally understood to be a technology that involves carrying out a

process using program commands, along with automation feedback control to assure proper
execution of the instruction.
 Quality of Life
Quality of life represents a state of general well – beings and contentment, which
includes having access to education and employment opportunities, being free from military
threats or war, and being in good physiological and mental health. It is relative, subjective, and
made up of intangible elements like spiritual convictions and sense of community.

The phare “Quality of Life “is largely unpredictable because it can be used to describe
both an individual’s perspective of his or her own existence and the circumstances in which they
live. Depending on a person’s lifestyle and personal preferences, there are different things that
influence their overall quality of life. Regardless of these aspects, this measurement is crucial to
everyone’s financial decisions.

Situations at work, access to healthcare, education, and material living conditions are
some of the elements that might have an impact on a person’s quality of life.

IV. CONCLUSION
Everyone on the world is impacted by the world economy. It gives them access to all of
the resources they require while also creating jobs. Trade is fundamental to the functioning of
the world economy because it enables nations to access whatever resource they desire,
regardless of whether it is produced domestically. Trade facilitates the availability of these
resources.

One of the characteristics of the global economy is automation and quality of life.
Automation lowers the cost and price of goods and services while increasing customers'
perceptions of wealth. Customers spend more as a result, which generates additional
employment. Although measures of quality of life vary depending on individual choices, they
frequently include financial stability, job satisfaction, a happy family life, good health and safety.

As a result, this study may change how educated individuals, particularly students,
engage with and relate to others in the future. This study aids the economy towards
strengthening its capabilities and potentials to avoiding drawbacks.