The Contemporary World (GE 3)

Quiz #1

1. ________ is a modern term used to describe the changes in societies and the world economy that

result from dramatically increased international trade and cultural exchange.

2. Global economy is the study of the behavior and decisions of ________ economies.

3. _________ is the word used to describe the growing interdependence of the world's economies,

cultures, and populations, brought about by cross-border trade in goods and services, technology, and

flows of investment, people, and information.

4. Globalism is a widespread belief among the powerful people that global __________ market

integration benefits everyone, as it spreads freedom and democracy throughout the world (Steger, 2005).

5. _______ ________ is a word that is used to describe a process in which marketplaces for goods and

services that are connected in some way begin to exhibit comparable patterns of price growth or decline.

6. _______ are important determinants of food availability and food access.

7. Integrated ________ can be defined as markets in which prices for comparable goods do not behave

independently.

8. According to ______ _______ “In the real world, patterns of international trade reflect the interaction

of both these motives.”

9. ______ _______ restricting a foreign product's access to a country's borders.

10. In this type of integration, some marketing agencies combine to form a union with a view to reducing

their effective number and the extent of actual competition in the market.

11. The use of trade barriers to protect industries from foreign competition.

12. The only international organization dealing with the global rules of trade between nations. Its main

function is to ensure that trade flows as smoothly, predictably and freely as possible.

13. _________ is a union of companies engaged in completely unrelated commercial endeavors.

14. Corruption is a major cause of poverty as well as a ________ to overcoming it.

15. When a business tries to expand across the supply chain or production process, _______ _______

happens.

16. The ______ _______ is a vital source of financial and technical assistance to developing countries

around the world.

17. The ______ _______ _______ is an organization of 186 countries, working to foster global monetary

cooperation, secure financial stability, facilitate international trade, promote high employment and
sustainable economic growth, and reduce poverty around the world.

18. Political instability plagues less developed nations with civil wars and social unrest acting to prevent

the necessary ______ _______ required for sustained development.

19. This agreement removed most barriers to trade and investment among the United States, Canada, and

Mexico.

20. Globalization is a broad phrase that describes how the globe has become more ____________ over

time on an economic, political, social, and cultural level.

Essay. Please answer the question briefly. (10 points)

What does globalization look like from your perspective? How does it affect your family and community?

Do you think it has been a good thing for you? Why or why not?
 The Contemporary World

Course Description

Students are introduced to the modern world in this subject by looking at the complex globalization phenomena. It

studies the economic, social, political, technical, and other changes that have led to a growing understanding of the

interconnection of peoples and places all over the world using the many social scientific disciplines. The course offers a

summary of the various discussions in global governance, development, and sustainability to that end. In addition to

introducing students to cultures outside of the Philippines, this program aims to instill a feeling of global citizenship and

ethical responsibility.

This course also includes mandatory topics on population education in the context of population and demography.

At the end of the course, the students are to:

distinguish different interpretations of and approaches to globalization;

describe the emergence of global economic, political, social and cultural system ;

analyze global issues in relation to Filipinos and the Philippines;

understand the issues confronting the nation-state;

articulate personal positions on various global issues.

Metalanguage

You will learn about the various forces that shape the globalization cycle in this section, with an

emphasis on economics and public policy. Although it emphasizes that you experience globalization on a

regular basis, you must keep in mind that some large firms undergo significant change. First, the historical

development of those institutions will be covered in this unit. This section will first outline the development

of such institutions throughout history. It will then go on to explain how the nations and people of today are

impacted.

Introductory Activity:

Make a list of everything you own and categorize it into two categories: things made in the Philippines

and things made elsewhere (specify which country). Compare your list to those of your classmates to

determine which nations make the majority of the items that make up your family's home.
Important Knowledge

You must fully understand the following fundamental material, which will be outlined in the pages that

follow, in order to complete the first three (3) weeks of the course and reach the aforementioned large

picture (intended learning outcomes). Please be aware that you are not restricted to referring to such

services exclusively. You must therefore make use of the other books, articles, and resources that are

available to you.

Important terms in Globalization

Globalization- is the word used to describe the growing interdependence of the world's economies,

cultures, and populations, brought about by cross-border trade in goods and services, technology, and

flows of investment, people, and information.

Expansion- refers both to the creation of new social networks and to the proliferation of established ties

across conventional political, economic, cultural, and geographical boundaries (Steger, 2013

Intensification- specifies the expansion, extension, and acceleration of social networks (Steger, 2013)

Globalism- a widespread belief among the powerful people that global economic market integration

benefits everyone, as it spreads freedom and democracy throughout the world (Steger, 2005

Regionalization- the process of dividing an area into smaller segments called regions

Introduction to Globalization

The term "globalization" has become popular in modern politics. There are numerous advantages and

disadvantages of interdependence. What exactly does globalization include, and when did it start?
What is Globalization?

People realized they needed a term to capture the overwhelming quantity of changes taking place around them in the
final decades of the 20th century. The companies for which people worked were making more purchases and sales
abroad. Representatives from many diverse cultures were increasingly coming together in international organizations.
As technology facilitated faster travel and communication, ideas were being shared quickly. These networks were
expanding and taking up more space, but they were also becoming busier and more active. It was now more quicker
than ever before to communicate and receive information or go to distant locations. Even stranger relationships than
those with their own neighbours were sometimes observed, according to some observers. How is it possible to describe
all of these changes? You came close if you said "a hot mess," but experts and media ultimately decided on globalization.

Globalization is a broad phrase that describes how the globe has become more interconnected over time on an
economic, political, social, and cultural level. In this broad sense, its origins can be traced back to the period of agrarian
societies, when empires built and trade networks developed. After the Columbian Exchange, these linkages really
intensified and extended to every corner of the globe. The lives of people everywhere changed when people, plants,
goods, diseases, and ideas were spread across all world zones. This was mostly positive in several areas. For instance,

life expectancy improved when more caloric food was introduced. The impacts, known as the dependence cycle, were

more detrimental in other areas, such as slavery and the exploitation of the land and resources for profit elsewhere.

After the Industrial Revolution, the world became even more interconnected, and some scholars say that

globalization really began in this period. In this sense, globalization is about people around the world becoming so

connected that local life is shaped by what is happening in other parts of the world. This challenges our definition of

community in some ways. Through the Industrial Revolution, local-global connections like this began to be established.

Advances in communication and transportation allowed for more travel and idea sharing (collective learning). Other

parts of the world were ruled by imperialist powers. When you take into account enslavement, the erasure of
indigenous

cultures, and the depletion of resources, the legacy of this colonization was undoubtedly detrimental in many ways.

However, there were other repercussions that people choose to view positively, such as the development of new

technologies like railways and telegraph lines that allowed for greater global connectivity of people and ideas.

World War II further widened our interconnectedness. In reality, these significant wars demonstrated

to the world the benefits and drawbacks of collaboration across international networks. With World War I,

its deadlier aftermath, and the Great Depression, there was a global catastrophe. The Nazi regime was

overthrown, for example, thanks to international cooperation. Numerous international organizations were

established following World War II to aid in establishing world peace, stability, and economic success. You

will learn more about international organizations later in this class, including the United Nations, NATO,
the World Bank, and the International Monetary Fund.

Reference:

https://www.khanacademy.org/humanities/whp-origins/era-7-the-great-convergence-and-divergence-1880-ce-to-the-
future/75-global-interactions-betaa/a/read-gl

obal-interactions-and-institutions-beta

Course Requirements Course Grading System

At the end of the semester the learners must

comply the following requirements on:

1. Regular quizzes

2. Midterm analysis paper

3. Group reports

4. Final research paper

Activities 20%

Assessments 20%

Assignments 10%

Project 10%

Major Examination 40%

__________
100%