Research Paper

Geshane Ordonez 1A1
Contemporary World
World is usually referring to Earth, an earthly state of human existence and

a group of things such as countries, animals and an area of human activity and
understanding. So why do we need to study the world? How does contemporary
world contribute the development of different nation? In today’s constantly
changing world, societies are becoming increasingly interdependent and have
more social, economic, political and cultural relationships. Similarly, the problems
and issues that characterize the contemporary world are interconnected and
multidimensional. Contemporary world is a part of social sciences that deals with
problems and issues related to the environment, population, wealth, power,
tensions and conflicts. Contemporary world itself is the circumstances that are
existing and challenging us at these modern times, and present time like this. It
was also a "sign of the times". We live in an age where many of us are facing
different problems, circumstances, and issues that all other societies can face.
These can be political, economic, social, and even historical and geographical
factors that later on can affect all humanity.
Over time, the world has become a smaller place. Globalization is the
process by which the world, previously isolated through physical and
technological distance, becomes increasingly interconnected. Globalization
happens through the increase in interaction between peoples around the world
that involves the sharing of ideas, cultures, goods, services and investment. As
globalization increases over time, individuals, firms, institutions, and politicians
work within and across countries to define exactly how “open” they want to be. It
is natural for people to want to protect their own products through tariffs or
trade restrictions, while having open access to foreign markets. Nevertheless, if
one country protects its products, its trading partners are likely to do the
same. One thing is for sure, protection and openness to international trade both
have income distribution effects. Ever since World War II, people become more
aware of the growing importance of international trade. In order to keep global
economy striving, organizations such as the World Bank and world trade
organization have encourage free trade among nations. Globalization allows
businesses all over the world to develop and operate, so when it comes to
international sales of goods, probably this will get high sales. However, goods will
taking into account if it is brought into the international scale because there are
goods that are not allowed in the other country. Over the past decades, trade has
accelerated changes in world change because of the rapid acceptance of the
internet as the business tool. Today, buyers and suppliers can be connected and
communicate around the world via video call or simply picking up a phone instead
of having business trip and send and signed documents digitally. Internet has
made the world smaller and more connected like never been before. Today it is
become a norm for company base in one country to produce and become source
of the product from one another and sell them worldwide. Countries engaged in
international trade to benefit from interacting with other countries. While
countries in isolation area have to be contented with being self-sufficient and
having lesser variety of goods. But with international exchanges of goods and
services that we call globalization, each countries get to enjoy a wider variety of
goods that may offer better quality. By globalization, countries can afford to
specialize and produce only some items that are relatively better to produce. In
short, each country does not need to produce everything but to focus on what is
more efficient. This means that the world becomes a global production can
produce half with each country, specializing and producing what is best at their
country. The scares resources are being use, allowing more to be produce and
consume globally. Therefore, globalization really is a big step forward for the
world and does increasing its efficiency. That is why different countries are signing
trade deal to further more cross boarder transaction that will tap each other’s
resources from each country. Not only countries can gain benefit by globalization
but also its citizens. The Philippines has taken a participative role in different
events and organizations across the globe. With the increasing interdependence
among countries, we have become a nation that is open for everyone whether for
trade, tourism, or partnerships. However, some issues within and outside the
country that are still beyond the scope of advantages of globalization and
regionalism. This is where we must accentuate our roles as citizens of the nation.
Globalization is all about the efficiencies and opportunities open markets create.
Business can communicate efficiently and effectively with their partners,
suppliers, and customers and manage better their supplies, inventories, and
distribution network. Local producers can sell their products in distant markets
with the same ease and speed as in their country. When it comes to the quality of
the product it has been enhanced so the customers will retain. But for any
production to take place we need land, labor, capital, and entrepreneurship.
Every country does not have an equal amount of these factors, some has more
labor and some has more capital. And in order for the production to take place
each country must know the demand for the product. Decisions that are being
made can give benefit to people all over the world including knowledge and
culture that each country has.
By studying Contemporary world, we as a citizen learn to understand the
nature of the relationships that form between societies and the way in which
these relationships shape the organization of the world today. It help us to take
part in democratic life, develop an attitude of openness to the world, and respect
for diversity. As a student, it is a big help and opportunity to study contemporary
world, where it can help the learners to become interested on different
contemporary world issues. It can also help us to develop capabilities, to
construct knowledge about the issues, to become aware of the role that we must
play in society, and to know our responsibilities as citizens. In addition, as an adult
and responsible citizen we must think in our own way on how to participate and
contribute for the sake of our society and understands it’s concept. What’s
important is to realize that globalization itself is neither good nor bad, it just
depend on how people deal with new possibilities in the future.

Research Paper

Uploaded by

Copyright:

Available Formats

Research Paper

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Research Paper

Uploaded by

Copyright:

Available Formats

Geshane Ordonez 1A1

World is usually referring to Earth, an earthly state of human existence and

You might also like