INTRODUCTION

HOME SETTING (BSA)

Sabuco- Student
Mercolita and Serrano- Sisters

Sabuco: Enter the room- Andito na ako mga ate, andami kong school works about
global economy.

Mercolita: Sakto nood na tayo ng abc news para magawa mo na yung school works mo.

Carlos: Reporting about the current state of Global Economy.

SCRIPT OF THE NEWS- CARLOS

Mercolita: Oh alam niyo na? Buti na lang at may balita tayo tungkol sa mga nangyayare
sa ibang bansa, dahil yan sa technology at globalization mas nagkakaron tayo ng
chance para maging updated sa mga nanyayare world wide.

Serrano: Ayan may marereport ka na sa class niyo. Ano pa yung iba mong school
works?.

Sabuco: Eto ate define economic globalization and modern world system.

Serrano: Sige, let's search sa YouTube para madiscuss and maintindihan mo ng

maayos.

Bien: Educational Vlogger

SCRIPT FOR EDUCATIONAL VLOG

Hello Guys! Welcome to my learning channel. Today we will define economic
globalization and modern world system.

First what is economic globalization?

Economic globalization refers to the increasing integration of national economies
around the world, particularly through trade and financial flows. We are becoming
dependent on every other countries by their raw materials and other items we are
limited.Economic globalization involves trade in goods and services, capital flows and
trade in assets (e.g., currency, stocks), the transfer of technology and ideas, and
international flows of labor or migration.

A great example of Economic globalization is we can go to local store and buy products
from all over the world.Also, the local businesses can easily enter international market
because of economic globalization.

Next, What is modern world system?

Modern World System, a social system comprised of nations that are politically and
economically interdependent (Wallerstein 1974). Within the modern world system,
nations are hierarchically structured according to a world-wide division of labor in the
world economy.

Serrano: (Comment or insights about Economic globalization )

Base sa pagkakaintindi ko, economic globalization emphasizes more on trading of
goods, services, and manpower. But most commonly these are achieved through the
development of science and technology kasi syempre kaya mas nagiging possible yung
economic globalization dahil nakakagawa tayo ng mga bagay bagay sa tulong ng
science and technology. Tulad nalang nung mga naiimbento na mga malalaking
machines na tumutulong para mas madami yung ma produce na products. Kaya nga
maraming bansa pa ang nangangailangan ng mga factory workers, parang yung
kumpare kong lumipad patungong taiwan para maging factory worker.

Sabuco : oo nga noh ate, pero yung kumpara mo tingin ko isa rin syang example ng
economic globalization kase from here nagpunta pa sya papuntang taiwan para I offer
yung services nya sa bansa na yun. Tulad nung sinabi nung vlogger, I think pasok sya
sa trade ng services which happens through economic globalization.

Serrano : Tama ka dyan echo, kaya nga sobrang laki ng role ng science and technology
kase mas nagiging possible at madali yung economic globalization. Tulad nalang nung
mga naiimbento rin sa transportation sector naman tulad ng mga trucks, planes, at
marami pang iba na talagang nakakatulong mas mapadali ang pag transport ng mga
produkto at tao. Bukod pa dito kaya mas maraming mga negosyante ang mas
nagpaparticipate sa economic globalization kase yung form of communication natin
nowadays is madali nalang parang yung pag order natin online sa shopee, lazada, at
tiktok. Yung ibang mga produkto nanggagaling pa ng ibang bansa at mas madali nalang
natin yun nakukuha dahil sa tulong ng science and technology sa economic
globalization. Isa pa dun is mas mababa yung fee n binabayaran ng mga negosyante
dahil dito. Ikaw ano naintindihan mo sa modern world system, echo?

Sabuco: Ganon nga ehh diba ang ganda ng naidulot sa atin ng Economic Globalization
dahil connected na tayo lahat dahil sa science and technology nag karoon tayo ng
communication bukod pa roon nag karoon din tayo ng maayos na transportation
nagging mas madali ang pakikipag trade natin sa ibat ibang bansa at dahil don
nakaroon tayo ng tinatawag na Modern world system “ so sa tingin nyo ano yon “ ( It is
a geographical division of labor. While the basic linkage is economic, the system is
reinforced by political and cultural factors )ang magadang example natin dyan ay yung
phone or iphone para mapaliwanag ko ng maayos sa kanila yung Modern word system
kasi itong phone or iphone bago mapunta sa kamay mo marami tong process na
pinagdaanan halimbawa yung mga raw materials na kaylangan ng phone katulad ng
metals, alloys, rubber at yung ibang components yung mga yon ay dito sa Philippines
na kolekta so si Philippines sa modern word system ni Immanuel Wallerstein sya yung
tinatawag na periphery at yung raw materials na yon ay ipapasa nya naman sa the
semi periphery ( like china or japan ) madalas china sila ang nagiging manufacturer ng
phone at pag natapos na sila nagging phone na yung raw materials I papasa naman
nila ito kay core at si core (UN, Australia ) sila na ngayon ang may credit dito o mag
label ng phone at sila rin ang may control sa pa distribute ng phone sa buong mundo

Mercolita: Ayan may sagot ka na sa school works mo, nood muna tayo ng family feud
tapos paramihan tayo ng masasagot.

Carlos: Emcee
Welcome to Family Feud. If you win today, you have the chance to get 100,000 pesos.
Let's begin.
Question: Give the actors that facilitate economic globalization.

Sabuco: Ate Alexa ano yung actors that facilitate economic globalization.

Mercolita:Alam ko yan, napag-aralan namin yan kay Miss Radovan. They are the ones
who facilitate economic globalization to start new effects and to increase in the standard
of living around into capital services, international movement of groups, technology and
Information. For sure meron diyan na International Economic and Financial
Organizations.

Carlos: Let's see if your answer is on the board. (Show Answer) Correct.

Serrano:Ano ba yung International Economic and Financial Organizations ?

Mercolita: Sila yung accountable sa bawat member ng countries, kasama na ren dito
yung tinatawag na IMF (International Monetary Fund) this has 4 aspects, 1st is trade
and transaction 2nd is capital and investment movements worldwide, 3rd is migration
and movement of people and lastly dissemination of knowledge.

Sabuco: Ayun pala yon, for sure meron diyang Non-Governmental Organisations
(NGOs)

Carlos: Let's see if your answer is on the board. Correct.

Serrano: Echo Ano ba yung International Economic and Financial Organizations?

Sabuco:Non-Governmental Organizations voluntary group of individuals or

organizations, usually not affiliated with any government, that is formed to provide
services or to advocate a public policy.This includes independent public policy research
organizations, advocacy organizations, organizations that defend human rights and
promote democracy, humanitarian organizations, private foundations and funds,
charitable trusts, societies, associations and non-profit corporations.
Serrano:Multilateral Development Banks. This is the development banks of countries
whereby members came from developed and developing countries whose main goal is
to help impoverished countries to develop. They're established to grant low-cost loans,
guarantee, Private equity, and technical assistance to the public and private sector
projects in developing countries. There are types of multilateral development banks
mainly, the largest which most of us known as the world bank, there's also the
Carribean Development Bank (CBD) for low-income countries, and also the 4 major
regional multilateral development Banks which are; The Inter-American Development
Bank, the African Development Bank, the Asian Development Bank, and the European
Bank for Reconstruction and Development.

Carlos: Let's see if your answer is on the board. Correct.

Serrano:Ano ba yung International Economic and Financial Organizations?

Sabuco: Media (short explanation)

Eto kasi definition nyan broadly describes all channels of communication, including
everything from printed paper to digital data. Media comprises news, art, educational
content, and any form of information that can reach or influence people, including
television, radio, books, magazines, and the internet.

Serrano:

Sabuco: Media plays a key role in people’s everyday lives as it helps educate them and
enables them to keep track of the day-to-day news, both local and global. Media is the
best platform for people to get information about what’s happening worldwide and down
the street.

Mercolita:International Governmental Organisations (IGOs) The united nations is

known as the largest intergovernmental organization, yung pinaka main purpose niya is
to bring different countries to become one, and also to collect or gather information
regarding what is happening to every country.

Serrano:Trans-National Corporations,

Eto yung mga companies na malalaki and talagang nakakadominate sa global economy
since from the word itself Trans-National meaning di lang sya nag e-exist ang mga
corporations na toh sa iisang country. They have their brands all over the world. Tulad
nalng ng paborito nating fast food chain na McDonald's, nag originate sya mainly sa U.S
but they also have their chains all over the world including here in the Philippines. Isa
pang example is yung paboritong brand mo ng sapatos echo ung Nike. Tsaka yung lagi
natin ginagamit when we're making our reports and presentations para sa school yung
Microsoft. Nagagamit at na-a avail natin sila here in the Philippines and othCarlos: Let's
see if your answer is on the board. Correct.
Serrano:Ano ba yung International Economic and Financial Organizations?
ers can avail it as well all over the world. Dahil yung mga corporations na ito nag o
operate in many different countries. In fact, they are responsible for the 80% of global
trade according to United Nations Conference on Trade And Development (UNCTAD).

https://www.coursehero.com/file/91809978/P1docx/ (kuha kayo dito ng short

explanation)

Carlos: You all got it right. Thank you for playing Family Feud.

Mercolita: Wait lipat na natin sa Miss Universe q and a na at pasok yung Philippines,
panoorin natin.

Ms. Universe Emcee- Carlos

Now, we are in final question and answer. Let's call Ms. Philippines. How are you
feeling right now?

Your question is Articulate a stance on global economic integration.

Bien: Global economic integration has the potential to foster mutual prosperity by
facilitating the efficient flow of goods, services, and capital across borders. It promotes
competition, innovation, and specialization, driving economic growth. However,
challenges such as inequality and the vulnerability of interconnected economies to
shocks must be addressed through responsible governance and inclusive policies to
ensure sustainable and equitable development.

Carlos: Wonderful Answer and Our Miss Universe 2023 is Ms. Philippines.

EXIT CARLOS AND BIEN

Sabuco: Ate alexa kung ikaw yung sasagot sa Miss Universe, ano yung stance mo sa
economic integration?

Mercolita: I believe economic integration helps facilitate connections, which leads to

specialization, innovation, and economic progress. Through these connections, economies
benefit from the knowledge and experience of others, and learn how to replicate or adapt ideas
for their own needs. This is when both can get different benefits from one another. It also refers
to the interconnectedness of businesses and trading among countries. Wait andyan na ata
sila mama at papa.

Carlos:Kumusta mga anak tapos niyo na ba yung mga assignment niyo?

Sabuco: Hindi pa nga po bali eto pa ano po yung stand niyo sa global free trade has
done more harm than good.
Carlos: For me, I disagree with that because free trade have the advantage of lowering
prices as governments cut or remove barriers, giving customers more access to
cheaper and/or higher-quality imported goods. Producers have access to a much larger
pool of possible suppliers or consumers. Additionally, free trade zones can promote
national economic growth, raising living standards for a portion of the general
population.

Bien Sakin naman i agree with that motion since when we say free trade countries are
exporting and importing with no restrictions like no taxes.It is harmful for our economy
specifically to our local workers or businessmen, dahil yung mga import ay lower price
than the local products na mas tatangkilikin ng mga tao. It will be unfair to our local
businessmen na pwede magcause ng loss of jobs na ikakadecrease ng ating economy.
For example, yung pag import natin ng rice dahil mas mababa ang presyon sa ibang
bansa pero naapektuhan yung local farmers natin. Also, may mga illegal acts na
nangyayri like smuggling. Ikaw anak agree ka ba?

Serrano: I agree na free trade are more harmful kasi yung unfair operation ng
businesses from other countries causes bad practice to local businesses tulad nalang
na nauuso na mga class A na mga gamit or meron pa nga class B and C kung ano ano
pa na nabibili natin sa market. Yung stealing of intellectual property has becoming more
practiced since mas malaki na yung competition kaya yung iba from the local
community is making a way to level the competition because by imitating the products
they can lessen the cost of the material used for that product para mas mabenta nila ng
mas mura din. This practice is the very reason why free trade is more harmful and if not
controlled or stopped it may become a norm.

Mercolita: Sakin global free trade has done more good kase dahil dito mas binibigyan
ng madaming option yung mga consumers, and sa panahon naten ngayon madaming
goods na ang pumapasok sa ibat ibang bansa, for example: food, clothes, spare parts,
oil, jewellery, wine, stocks, currencies, and water. Services are also traded, such as in
tourism, banking, consulting, and transportation. Since lahat den naman tayo mag b-
benefit dito.

Sabuco: Thank you po sa mga sagot niyo pero need ko pa po ng ibang insights about
global free trade has done more harm than good.

Bien: Sige magtanong tayo sa mga kapitbahay natin.

ASK 4 CLASSMATES

CARLOS: Ayan tapos mo na yung assignment. To sum it up, parinig nga ng natapos
mong assignment.

Conclusion: Sabuco- ALL THE DISCUSSION ARE WRITTEN IN NOTEBOOK.

I stand firmly in favor of
economic integration. It is a
transformative force that unites
nations and fosters
collaboration. By breaking down
barriers and encouraging mutual
cooperation,economic
integration opens doors to
opportunities that benefit
individuals, businesses, and
entire societies. Embracing this
interconnected approach is key
to creating a world where diverse
economies complement each
other, leading to sustainable
growth, innovation, and a more
harmonious global community.