Module On The Contemporary World (GE 3) : by Floramay S. Abuzo
Module On The Contemporary World (GE 3) : by Floramay S. Abuzo
Module On The Contemporary World (GE 3) : by Floramay S. Abuzo
Submitted by:
Nelson John Dandal
MODULE II The Structures of Globalization
LESSON 1: The Global Economy
LEARNING ACTIVITIES/EXERCISES:
There is no such thing as free trade in goods that the other country
can easily manufacturer that is harmless. It is very harmful. So free trade,
Neo liberal economic policies does not look to promote domestic
industries. It looks to promote foreign trade. It thus hurts domestic
commerce. If it hurts domestic commerce, it hurts domestic industries. It
decreases consumption and conversion of national resources. It gives
banks no role in industry.
Practice Task/Assessment:
1. F
2. F
3. T
4. T
5. F
Assignment:
PRACTICE TASK/ASSESSEMENT:
Enrichment activity:
If you look at the world’s long history up to the present, you will
know that there will never be an international order. There will always be an
attempt to achieve it, but sadly it is always through force by way of financial
imperialism, sanctions, monopolies, and wars. No one among the most powerful
nations will ever choose to truly respect another country’s sovereignty, especially
the small ones. But there will always be a few countries that are smart and brave
enough to resist being a lapdog for these dominating nations who by all
accounts, act like a gang. So, what is necessary for the development of an
international order is respect between nations, which is nice to hear but is really
unachievable.