Brush Up! Activity 1: Essay

Brush up!
Activity 1: Essay
Answer the following questions. Write at least 10-15 sentences. submit it Microsoft word file.
1. Differentiate Global Economy and modern system
Interconnected and interrelated. The term "global economy" refers to the

interconnected global economic activities that occur through several countries. These
economic practices have the potential to benefit or harm the countries concerned. It
refers to the trade of goods and services between countries, as well as how it has aided
countries in specializing in products where they have a competitive advantage. Despite
the fact that governments have power over markets, it is the big banks and companies
that control and support these governments. This means that large financial institutions
power the global economy.
Moving on, modern system is a leading interrelated global provider of legacy

application source code, data, and platform transformations modernization solutions. It
is an independent modernization firm that uses core application modernization to boost
its performance, agility, and competitive advantage. Via core application modernization,
Modern Systems enables performance, agility, and competitive advantage. Products
make it easier to migrate from traditional systems to new environments that take
advantage of cloud, data warehousing, business intelligence, and agile development
methodologies.
Interconnected and interrelated. One thing is for sure, global economy and
modern system works in one way, transaction. They are interconnected for they share
almost the same function to the world economy and the economy of all humans, and
interrelated for they distribute or provide what’s best for the economy of countries.
2. What is the importance of international financial institution to countries of the world?
Game changer. The main role of an international financial institution is to provide

loans for development projects to member countries, especially underdeveloped
countries, which makes it a game changer for people. The World Bank, for example,
offers long-term loans for a variety of year-long development projects. The World Bank
is one of the world's largest sources of funding and information, assisting governments
in their efforts to construct schools and health centers, provide water and energy,
combat disease, and protect the environment. This assistance comes in the form of
project or policy-based loans and grants, as well as technical assistance including advice
and studies.
The World Bank employs roughly 10,600 people from all over the world and is
active in 100 countries. The foreign background of the Bank's diverse employees is one
of the bank's core assets. All assistance to a borrowing country is driven by the country
assistance policy, which is developed by the country with the support of the World Bank
and several other donors, aid organizations, and civil society organizations.
The world bank is just an example on why the roles of international financial
institutions in shifting market positions is critical. International financial institutions have
long aimed to alleviate poverty in developing countries by improving policies that foster
economic development and environmental conservation. To sum it up, international
financial institution’s main advocacy is to reduce poverty and to improve the living
standards of the people in low and middle-income countries.
Rubrics:
Relevance to the topic 50%
Creativity 25%
Effectiveness/ Neatness 25%
__________
100%
Activity 2: Create an image and describe your image.
The Global Economy
Description:
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Self-Reflection:
1.What is the significance of Global Economy
Economically enhance the quality of life. The significance of the global economy is that it
improves the standard of life for the poorest people by providing a wider market with more
production for market demand and more competition.
2. What is the importance of international financial institution to countries of the world.
Diminish poverty and hope. The role of international financial bodies in shifting market
positions is critical. Some of these organizations, such as the World Bank and the IMF, have
long aimed to alleviate poverty in developing countries by improving policies that foster
economic development and environmental conservation.

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Brush up!

1. Differentiate Global Economy and modern system

Interconnected and interrelated. The term "global economy" refers to the

Moving on, modern system is a leading interrelated global provider of legacy

2. What is the importance of international financial institution to countries of the world?

Game changer. The main role of an international financial institution is to provide

The Global Economy

1.What is the significance of Global Economy

2. What is the importance of international financial institution to countries of the world.

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