THE CONTEMPORARY WORLD REVIEWER 13.

Refers to buying or putting up a firm in a

foreign country or contributing to the
I. ENUMERATION
enhancement of an existing firm.
1. It is the process of expanding various
14. Refers to the increasing contact
social cultural and social ecological
between people and their culture, their
processes from national to international
ideas, their values, their ways of life.
and transcultural levels.
15. Is the enlargement of the international
2. A measurement of flows and
political system and its establishment,
interconnections of a country to other
where the interregional dealings,
global players through exchange in
including trade, or managed.
trade, capital, people, and information.
16. This is met with disapproval from
3. They noted that most of the definitions
different groups such as labor
of globalization focus on the economic
organization, environmental groups,
and trade dimensions of the concept.
indigenous peoples, and even consumer
4. He argues that globalization is not just
groups.
about going beyond tutorial boundaries,
17. The expansion of national economies,
but it’s also about changes in the
the global market driven by modern
temporal connection of people.
technologies and institutional setups
5. He contends that globalization is not
that promote faster and easier flow of
merely about Westernization.
goods and capital.
6. He also identified modern technology
18. Denotes that the economies of various
developments as a key driver of
countries are more interconnected from
globalization that facilitated faster
extraction, production, distribution,
communication and access to data or
consumption, the disposal of goods and
information.
services.
7. An idea of the prescribed path to attain
19. A global financial institutions that
development through a certain set of
support a country’s economic growth
activities, according to a defined vision.
through support the governments and
8. A Manobo leader who talks about a
now other private sectors.
proposed business investment in their
20. Is an international organization with 183
ancestral land that will displace
member countries.
indigenous communities.
21. A system of non government institution
9. A complex global process of expanding
that operate across geographical
the market economic system all
borders and organize and mobilize for a
throughout the world.
common issue or cause.
10. The economic system that gives
22. Is an enterprise that engage in activity
freedom to entrepreneurs to control
which adds value in more than one
productive processes to pursue profit.
country.
11. Are money lent to foreign businesses or
23. Is based on theory of Wallerstein (1974)
government?
that recognized social and economic
12. Refer to development aid or money
change is not only endogenous to a
granted by rich countries to developing
country, but is affected by its interaction
nations.
to exogenous institution, thus the focus
on the world system.
 24. Is the process of combining or 6. ASEAN
increasing the interconnectivity of 7. NAFRA
national economies to the regional or 8. IFIs
global economies. 9. IFC
25. Group of nations that serve as an 10. EC
advisory organization that discuss 11. ECE
current economic and political problems 12. TAN
and transfer the ideas from the forum in 13. MIGA
National Legislative Regulations.
26. This theory was created by Emmanuel III. ENUMARATION PART 2
Wallerstein and in this work, he 1. Other keywords in defining
expounded on the theory on how the globalization.
world came to dominate the reference 2. International economic globalization in
areas particularly in the economic world developing and pushing for Neoliberal
system as a basis of his analysis. policies among different countries.
27. In this area mostly where production or 3. Keywords on defining globalization.
raw materials are sort out. 4. 4 key shifts in society.
28. In this area they serve as distributor or 5. Develop countries with modern and
add value to the raw materials by highly supported vegetable production.
processing them for the core areas. 6. Three aspect of globalization.
29. Economic exchanges between countries. 7. Countries in Southeast Asia that have
30. No. of FW during April to sept. 2018. exceed expectation for global
31. Aim to reduce tariffs. connectivity
32. Are considered the main carriers of
economic globalization.
33. Most globally connected countries.
34. Puts emphasis on diversity and
celebrates multiculturalism.
35. It is an institutional arrangement of
governance that addresses regional or
globalized issue that go beyond the
scope of nation state.
36. It is the most highly globally connected
continent.
37. One manifestation of capital movement.
38. One of the recent indicators of global
connections.

II. ACRONYM
1. GATT
2. WTO
3. WB
4. IMF
5. OECD
I. ENUMERATION
1. It is the process of expanding various social
cultural and social ecological processes from
national to international and transcultural
levels. -GLOBALIZATION
2. A measurement of flows and
interconnections of a country to other global
players through exchange in trade, capital,
people, and information. -GLOBAL
CONNECTED INDEX
3. They noted that most of the definitions of
globalization focus on the economic and
trade dimensions of the concept. -HEBRON
AND STACK (2016)
4. He argues that globalization is not just about
going beyond tutorial boundaries, but it’s
also about changes in the temporal
connection of people. -SCHOLTE (2005)
5. He contends that globalization is not merely
about Westernization. -ELDEN (2004)
6. He also identified modern technology
developments as a key driver of globalization
that facilitated faster communication and
access to data or information. -HUSAIN
(2011)
7. An idea of the prescribed path to attain
development through a certain set of
activities, according to a defined vision. -
DEVELOPMENT PARADIGMS
8. A Manobo leader who talks about a
proposed business investment in their
ancestral land that will displace indigenous
communities. – DATU KAYLO BONTULAN
9. A complex global process of expanding the
market economic system all throughout the
world. - ECONOMIC GLOBALIZATION
10. The economic system that gives freedom to
entrepreneurs to control productive
processes to pursue profit. - MARKET
ECONOMY
11. Are money lent to foreign businesses or
government? - COMMERCIAL LOANS
12. Refer to development aid or money granted
by rich countries to developing nations. –
OFFICIAL FLOWS
13. Refers to buying or putting up a firm in a
foreign country or contributing to the
enhancement of an existing firm. – FOREIGN
DIRECT INVESTMENT
14. Refers to the increasing contact between
people and their culture, their ideas, their
values, their ways of life. -CULTURAL
GLOBALIZATION
15. Is the enlargement of the international
political system and its establishment, where
the interregional dealings, including trade, or
managed. – POLITICAL GLOBALIZATION
16. This is met with disapproval from different
groups such as labor organization,
environmental groups, indigenous peoples,
and even consumer groups. – ECONOMIC
DEREGULATION
17. The expansion of national economies, the
global market driven by modern technologies
and institutional setups that promote faster
and easier flow of goods and capital. –
ECONOMIC GLOBALIZATION
18. Denotes that the economies of various
countries are more interconnected from
extraction, production, distribution,
consumption, the disposal of goods and
services. – GLOBAL ECONOMY
19. A global financial institutions that support a
country’s economic growth through support
the governments and now other private
sectors. – INTERNATIONAL FINANCIAL
INSTITUTIONS
20. Is an international organization with 183
member countries. -INTERNATIONAL
MONETARY FUNDS
21. A system of non government institution that
operate across geographical borders and
organize and mobilize for a common issue or
cause. – GLOBAL CIVIL SOCIETY
22. Is an enterprise that engage in activity which
adds value in more than one country. –
GLOBAL CORPORATIONS
23. Is based on theory of Wallerstein (1974) that
recognized social and economic change is
not only endogenous to a country, but is
affected by its interaction to exogenous
institution, thus the focus on the world
system. – WORLD SYSTEM
24. Is the process of combining or increasing the
interconnectivity of national economies to
the regional or global economies. -
ECONOMIC INTEGRATION
 25. Group of nations that serve as an advisory 6. ASEAN- ASSOCIATION OF SOUTHEAST
organization that discuss current economic ASIAN NATIONS
and political problems and transfer the ideas 7. NAFTA – NORTH AMERICA FREE TRADE
from the forum in National Legislative AGREEMENT
Regulations. 8. IFIs- INTERNATIONAL FINANTIAL
26. This theory was created by Emmanuel INSTITUTIONS
Wallerstein and in this work, he expounded 9. IFC- INTERNATIONAL FINANCE
on the theory on how the world came to CORPORATION
dominate the reference areas particularly in 10. ECA- ECONOMIC COMMISSION OF AFRICA
the economic world system as a basis of his 11. ECE- ECONOMIC COMMISSION OF EUROPE
analysis. – G8 AND G20 12. TAN- TRANSNATIONAL ADVOCAY
27. In this area mostly where production or raw NETWORKS
materials are sort out. - PERIPHERALS 13. MIGA – MULTILATERAL INVESTMENT
28. In this area they serve as distributor or add GURANTEE ADVOCACY
value to the raw materials by processing
them for the core areas. – SEMI-
PERIPHERALS
29. Economic exchanges between countries. –
ECONOMIC TRADING
30. No. of FW during April to sept. 2018. – 2.3
million (PSA, 2013)
31. Aim to reduce tariffs. – WTO
32. Are considered the main carriers of
economic globalization. – MULTI-NATIONAL
COMPANIES
33. Most globally connected countries. –
NETHERLANDS
34. Puts emphasis on diversity and celebrates
multiculturalism. – INTERNATIONALISM
35. It is an institutional arrangement of
governance that addresses regional or
globalized issue that go beyond the scope of
nation state. – GLOBAL INTERSTATE SYSTEM
36. It is the most highly globally connected
continent. – EUROPE
37. One manifestation of capital movement. –
FOREIGN INVESTMENT
38. One of the recent indicators of global
connections. – GCI

II. ACRONYM
1. GATT – GENERAL AGREEMENT ON TARIFFS
AND TRADE
2. WTO – WORLD TRADE ORGANIZATION
3. WB- WORLD BANK
4. IMF- INTERNATIONAL MONETARY FUNDS
5. OECD- ORGANIZATION OF ECONOMIC
COOPERATION AND DEVELOPMENT