Module-1: Thecontemporaryw Orl D
Module-1: Thecontemporaryw Orl D
Module-1: Thecontemporaryw Orl D
1
T
heCont
empor
aryW or
ld
Name :ALEGRE,
JERRYLYNR.
Secti
on:BT
VTED-1(GFD)
Schedule
:TTH8:30-
10:00am
Exer
c i
se1:Module1(Prel
i
m)
LESSON1
:INT
RODUCT
IONT
OGLOBALI
ZAT
ION
Ac
tiv
ity1-Gl
obal
i
zat
ionCaseSt
udy
Dir
ect
ions:
Re adthepassageti
tl
e d“TheCoc
a-Col
aCompany”
thencomplet
et heac
tiv
itythatfoll
ows.
F
il
lint
hebl
anks
1
886•T
hec
ompanywasf
ounde
dint
heUni
tedSt
ate
s
i
n1886.
1
906•I
tse
tupbot
tli
ngpl
ant
sinCanadai
n1906.
1
928•T
hesof
tdr
inkCoc
a-Col
awasi
ntr
oduc
edatt
he
Ol
ympi
cGame
s.
1
978•T
hec
ompanywasal
l
owe
dtose
lli
tsc
olddr
inksi
n
t
hePe
opl
e'
sRe
publ
i
cofChi
na.
T
oday•I
tpr
oduc
esne
arl
y400br
andsofsof
tdr
inksi
nov
er
200c
ount
rie
s.
ANALYSI
S-Gl
obal
i
zat
ionBox
Di
rec
tions:
Answe
rthef
oll
owi
ngque
sti
onsbr
ief
lyandc
onc
ise
ly.
1
.W hatar
ethedr
ivi
ngf
orc
esbe
hindt
hepr
oce
ssof
gl
obal
i
zat
ion?
Gl
obal
iz
ationisanon-goi
ngprocessdri
venbya
c
ombinat
ionofpoli
tic
al,
economi
c,t
echnol
ogic
al,
andsoci
o-
c
ult
uralf
orceswhic
hspe edsuptheproc
essofglobal
i
zati
on.
2.
How gl
obal
i
zat
ionaf
fec
tsyourl
i
fest
yle
?
Globalizati
onaf f e
ctse veryaspe ctofindiv i
dual'
sli
fe
throughoutt hewor ld.Itaffect
sourwe al
th,mat e ri
algoods,
transpor t
ation, c
lothing,necessit
iesavai l
abletoac ertain
socioeconomi cclass,impr ovedhe alt
hcar eande duc ation.
Howe v
e ri
thasal sone gat i
veeffe c
t.Gl
obal i
zati
onc ausesjobl
oss
andl ow wage sonl ocalwor kers,andt hemassi v ede vel
opme nt
oftr ansportationwhi c
hr esult
st ose r
iouse nvironme ntal
problemssuc hasgl obalwar mingandai rpollution.
3.
W hydoe
sgl
obal
i
zat
ione
xist
?
Gl
obalizat
ionexi
stbe c
auseoft hei
mpr ovementsin
transport
ationandc ommuni cat
ionwhi c
hal l
owspe opl
eto
travelmorequi c
klyandhav eagr e
aterc ommuni cat
ionbetween
peopleindif
f e
rentcountr
ies,andfreedom oft r
adewhi c
hhe l
p
toremov ebar ri
ersbetweencountri
es.
ASSESSMENT
Dir
ect
ions:Studythe7eventsi
nt hetablebel
ow andidenti
fy
whataspectofglobal
i
zat
ion(ec
onomi c,
infor
mational
,cult
ural
,
andpoli
ti
cal)eac
honeoft he
mi l
lustr
ates.
Aspec
tof
Ev
ent
s
gl
obal
i
zati
on
1
. Disne
yland,
theAmeri
canthe
me Economicl
park,hasbeense
tupinHong gl
obali
zat
ion
Kong.
2. Thepartsofacarc omefrom I
ndustri
al
allov
ertheworld:Germany, gl
obal
iz
ation
Japan,Kore
aetc.andthecaris
assembledint
heU. S.
3. Businessesareope r
at edwi th I
nformati
onal
manysat el
li
telocationsorc al
l global
i
zati
on
centresinotherpar t soft he
wor l
dt oanswe rque st i
onsi n
another:forexampl e,some one
i
nI ndiaanswe ri
ngac allf
rom
theU.S.aboutapr oduc tor
servi
ce.
4. Thec reationofr egionalf or
ums Pol
i
tical
suchast heEur opeanUni on, gl
obal
izati
on
Asia-Pac i
ficEconomi cCo-
operation( APEC) ,and
i
nt ernationalor gani z
ationsuc h
ast heW or l
dT rade
Organi zationandt heW or l
d
HealthOr ganization.The se
i
nt ernationalfor umsand
organizat i
onshav ene wr ul
es
andagr eeme ntsf or
partici
pat i
ngc ount riestof oll
ow.
5. Thespr eadoflanguage, Cul
tural
products,andcustomsaspe
opl
e gl
obal
izati
on
arecloselyconnec
ted.
6. Franchi
sesf orMc Donald'
s Economic
hambur gers,Piz
z aHut,Burger gl
obali
zat
ion
King,KFCandot her
sc arr
ying
U.S.tr
adename sar eoperati
ng
throughoutt heworld
7
. CableNe wsNe t
wor k(
CNN), I
nformati
onal
basedint heUnitedSt
ates, global
i
zati
on
produces24-hournews
broadcaststhatcanbeseenby
peoplearoundtheworld.
LESSON2:
THEGLOBALECONOMY
OPENI
NGGUI
DEQUEST I
ONS(
5-mi
nut
eFr
eeF
ormf
ormat
ive
asse
ssment
)
1.
W hatisGl
obalEconomyal
labout
?Isi
tac
onc
eptt
hatal
l
peopl
ecanre
lateto?
Gl
obaleconomyi sane conomici
nterdepende nc
eagre
ed
uponbyt hepowe rfulcountri
esthathasc ontrolofthe
worldwideeconomice nvir
onme nt
.Iti
scumul at e
de c
onomic
outputmov e
me ntandi nfl
uenceofal
lcount r
ies.
2.
W hoandwhati
sinc
lude
dint
heGl
obalEc
onomy?
Globale c
onomicsyste
mi ncl
udesal
leconomicacti
vi
ti
es
whichar econduct
edbothwi thinandbetweennations,
inc
ludi
ng
pr
oduc t
ion,consumpti
on,economi cmanage
me nt,workin
general
,exchangeoffinanc
ialvaluesandtradeofgoodsand
se
r v
ice.
3.
Ifyouar
easke dt
odef
inet
hemode
rnwor
ldsyst
em,
how
woul
dyoudesc
ribei
t?
Moder
nwor ld-
systemi
sacr
oesuswor
ldeconomywhi
ch
i
sthege
ohi
stor
icalsyst
eminwhi
chweli
vein.
4.
W hatc
oul
dbethegoal
sofal
lec
onomi
esi
nconst
ruc
tingt
he
moder
nworl
dsyst
em?
Alleconomicsyst
e msst
riv
et oachie
vease tofsoc
ialgoal
s.
Thesegoalsincl
udeseconomi
cprosper
ity,equi
ty,
fre
edom and
stabi
li
ty.
5.I
fthesegoalsar emet
,how c
omether
eisagr e
atdivi
de
betwee
nt hede v
elope
dcount
rie
sandthedev
elopi
ngcountr
iesi
n
theworldtoday?
Ther eisagr eatdivi
debe t
we enthedevelopedc ount
ries
andt hede vel
opingc ountriesint oday'
swor l
dbe causeoft he
poli
ti
calpowe r,economi cde pendency,andimpor tati
onor
exportationofr e sources.Poorc ountri
esarede pendentonmor e
powe rfulc ountr
ie sduet ode bt,forei
gnaidanddomi nati
onby
themor epowe r
f ulgove r
nme ntsusingeconomi candc ul
tural
i
nfluenc es.
Ac
tiv
ity1-Edi
tor
ialCart
oonsoft
hePr
ese
ntGl
obalEc
onomy
(30mi nutes)
(
Out
come1
:Ex
pressunde
rstandi
ngoft
hepr e
sentglobal
ec
onomythroughanedi
tor
ialcar
toon)
Bynow,
stude
ntsarereadyt
oanswe
rthef
oll
owi
ngque
sti
ons:
SEE-THI
NK–W ONDER
1.
W hatDoISEE?( observat
ionsonly)
Ise
epe opl
esteal
ingsomest ruct
ur es/
bui
l
dings.
Itc
onv
eys
deepthoughtinre
levancetoglobaleconomy.
2.W hatDoIT HI
NK?( connectobserv
at i
onstopriorknowledge
)
(Makeinferences)
It hi
nktheconceptoft hi
se di
tor
ialcart
oonist opor
tray
thestatusofourglobaleconomysyst emt hatis
i
nterconnec
tingdi
fferentnationsacrossborder
s.
3.
W hatDoIW ONDER?(
for
mul
ateque
sti
ons/que
rie
s)
I
sthe
reane e
dtoste
alsomepr
ope
rtyi
nor
dert
ohav
ethe
powe
rtocont
rolt
heec
onomy?
APPLI
CAT
ION
Ac
tiv
ity2-Dr
opt
heMi
cforGl
obalEc
onomi
cInt
egr
ati
on
W hi
chonewil
lyouc
hooseandwhy?W r
iteyouranswe
ront
he
spac
eprov
ide
d.
Thewor l
disget
tingri
che
rbe causeofgl
obali
zat
ion.
Global
izati
onhasledtoashar pinc
r e
aseintradeande c
onomi
c
exchange.Ital
sodecr
easesthecostofmanufac t
uri
ng.This
me anst hatcompani
escanoffergoodsatalowe rpri
ceto
consume rs.
REF
LECT
IONST
ATEMENT
S
How doyouthi
nktheGlobalEconomyandcommuni
tie
sadapt
totheprese
ntli
feunde
rt he'c
urse'oft
hePande
mic
?
Ithinkthattheglobaleconomyandc ommuni t
iesadapt
tot hepr esentli
feunde rthe'
cur se'ofthepande mi cwiththe
he l
poft hepoli
cychoic
esmadet odayi ncludi
nggre aterdebt
transpar encytoinvit
ene w st
at eme nt,fasteradvancesin
digi
t alconnecti
vit
y,andamaj ore x
pansionofc ashsaf etynets
fort hepoorwi llhel
pbui l
dastr onge rrecove
ry.
ASSIGNMENTS
A.Answerthefol
l
owi
ng:
1.
W hati sthec urre
ntst ateofthemar ketinyour
barangay/municipal
ity/c
ity/regi
on?Explai
ne ac
h.
Thec urr
entst atemar ketinourmuni cipal
itybecomeslow
duetoc oronavirus(COVID- 1
9)pandemic.Thee xchangeofgoods,
servi
cesandt ourism aret e
mpor ar
il
yinterrupted.
3.
Doyout hi
nkt hattheGl obalMarketcanr e
cover
?
Ithi
nkthatt heglobalmar ketc
anst i
llrec
overbut
pr
obabl
yitwillnothappe nsoon.Itwi
lltakequiteawhile
bef
oret
hemar ketful
lyrec ov
ersandtradesatitsori
ginall
eve
l.
LESSON3:
GLOBALMARKETI
NTEGRAT
ION
Ac
tiv
ity1-NameMe
Di
rec
tions:
Ide
nti
fythelogoofthefoll
owi
ngi
nte
rnat
ional
fi
nanci
alinst
itut
ions
Answe
rs:
1.W orl
dBank
2.EuropeanUni on(EU)
3.W orldTradeOr gani
zation(
WT O)
4.TheOr gani
zat i
onforEconomicCooperati
onandDev
elopme
nt
(OECD)
5.Organizati
onofPe trol
eum Expor
tingCountri
es(
OPEC)
6.NorthAme ri
caF r
eeT r
adeAgreeme nt(NAFT
A)
ANALYSI
S
1
.Ar
eyoufamili
arwitht
hesel
ogos?
No,
Ijustsaw i
tnow
3.How dotheseinsti
tut
ionsaffe
cttheeconomyoftheworl
d?
Andourc ountr
y?
Theseinsti
tuti
onsaffect
stheeconomyoftheworl
dandin
ourcountr
yasi tcontri
butestothenati
onbuil
dingi
nter
msof
fundi
nggove rnmentproje
cts.
APPLI
CAT
ION
T
ask1
:TheChar
t
Di
rec
tions:
Base
donyourreadi
ng,
fil
lint
hec
har
tbe
low wi
th
thede
tai
l
s.
I
nternati
onalW i
thwhom W he
re By W hatgoal
Financi
al when
I
nstit
uti
on
1
.W orl
dTr
ade I
tisan Est
abli
shed 2008 Thegoalisto
Organi
zat
ion i
ndependent atGeneva, foc
usmor eon
(
WT O) multi
lat
eral Swit
zerl
and thetrade
body barri
ersrel
ated
tonon-tari
ffs
andc onsi dered
tobean
arbitrary
restricti
onon
trade.
2. The Establ
i
shed 1
994 Themai nai m of
I
nternati
onal membe rship inBr ett
on theI MFwast o
Mone t
ary i
sav ail
able W oods suppor t
Fund(I
MF)and onl
yt oal lthe distressed
theW orl
d membe rsof count i
esatt he
Bank I
MFst ate s ti
me ,andwho
andpoor couldnotbyany
nati
onsof me ansobt ain
middleinc ome capital.Thei
r
orcredi
t attempt sto
worthy enfor cetheir
polic
iesonl ess
de v
elope d
count ri
es.
3. SaudiArabi
a, F
oundedi
n 1
960 TheOPEChad
Organization I
raq,Kuwait
, Baghdad be enor ganized
ofPetroleum I
ran,and be c
auset hey
Exporti
ng Venezue
la want e dtor aise
Countri
e s oilprices.
(OPEC)
4.North Me x
ico,
Uni
ted Unit
ed 1
994 I
tsde vel
opme nt
Ame ri
canF r
ee States,
and Stat
es all
ows
Trade Canada manuf act
uring
Agreeme nt j
obst obe
(NAFTA) rel
oc atedtoless
developed
nationsi n
developing
count r
ies,i
n
ordert oreduce
thec ostoft hei
r
goods.
T
ask2:
Chai
nofEvents(Outc
ome3:
Trac
ethehi
stor
yofgl
obal
i
nte
gr at
ion.
)
Di
rec
tion:
Base
dont heacti
vi
ti
esyouhavedone
,cr
eateachai
n
ofe
ventsshowingt
hehist
oryofGl
obalMarke
t
I
nte
grati
on.
T
HEHI
STORYOFGLOBALMARKETI
NTEGRAT
ION
Asof2016, t
he
Af
t ert heWor l
d mosti nfusive
Anotherst r
ucture
wasbor nouton WarI I
, theI
MF groupoft he
Asof2008, the
Brett
onWoods, the andt heWor ld world'
srichest
Worl
dTr ade
Gener alTari
ff
sand Bankwer e count r
iesinthe
Organizati
on
TradeAgr eement est ablishedto organizati
onf or
(
WTO) wasbased
(GTTA) whichwas suppor t Economi c
developedi n1947
onGenev as,
distressed Corporati
onand
byGol dstei
n Swi
tzerl
and.
count riesatthat Dev el
opment
get.
al,2007.
time. (OECD) w/75
memberst ates.
Pr
oce
ssi
ng:
Ac
tiv
ity1
.Le
tTal
kaboutCor
por
ati
ons
1
.Touc
hthePe
rfe
cti
on - T
oyot
a
2.
Thepowe
rofDr
eams - Honda
3.
Digi
tal
l
yYour
s - LGEl
ect
roni
cs
4.
W hatwe
’reMadeOf - CF
L(Canadi
anF
oot
bal
lLe
ague
)
5.
Tast
eTheF
eel
i
ng - Coc
a-Col
a
ANALYSI
S
1.
Couldtherebeapart
ywithoutt
hesoda?
Yes,inst
eadofdr
inki
ngsoda,
youcoul
dusej
uic
easyour
al
ter
nativedri
nk
APPLI
CAT
ION
QUEST IONS
1.
Dogl obalCorporationshavesoc i
alresponsibi
l
itytoend
poverty?Justifyyouranswe r
.
No,theyshouldnotber esponsi
bletoe ndpovert
y.
Corporationshouldlookatt hec ur
rentstateofaf f
air
sinthe
ir
regi
ons, orwithi
nt hec ount
ry.
2.W hatdoyout hi
nkwoul dbet heroleoft henat ion-state
withr e
specttothec hangesint hewor l
de conomi csyst em?
I
tcontrol
sov e
rpr oducti
ondistri
bution,c onsumpt i
onof
commodi ti
es,andtope rfor
mt hi
s,t
hegov ernme nthast o
devisephysi
calcontrol
sandmone taryandf iscalme asuresand
theseme asuresaree ssenti
alforreduci
nge conomi candsoc i
al
i
nequaliti
esthatarepr evai
li
ngi nunder-deve l
ope dc ountri
es.
ASSESSMENT
Al
lcompe
tenc
ies/
outc
ome sbasedt
eac
hing-
lear
ningac
tiv
iti
es
se
rveasthemajorasse
ssme nt
s.
I
DENT
IFI
CAT
ION
Di
rec
tions.
Ide
nti
fyt
hef
oll
owi
ngque
sti
onsbe
low:
T
heGe
ner
alAgr
eeme
ntonT ari
ffsandT r
ade(GATT)1.Af orum
fort heme et
ingofrepresentatives
from 23me mbercountrie
s. I
tf oc
used
ont radegoodsthroughmul tinati
onal
tradeagr e
eme ntsconductedinmany
"rounds"ofnegoti
ati
on.
Jul
y1944 2.
W he
nwasBr
ett
onW oodsyst
eme
stabl
i
she
d?
W or
ldT
radeOrganizat
ion3.Iti
saninde
pendentmulti
l
ateral
organi
zati
onthatbe c
ameresponsi
blef
orthe
l
iberat
ionoftrade.
SecondIndust
rialRevol
uti
on(
Tec
hnologi
calRe
vol
uti
on)4.
Iti
s
thesecondmaj orec
onomicre
vol
uti
on
Nort
hAme r
icanF
reeTradeAgr
eement(
NAF
TA)5.
Atr
adepac
t
bet
we e
ntheUS,Mexi
coandCanada
T
RUEorF
ALSE.
Dir
ect
ions:
Writ
eTRUEift
hestat
ementisTr
ue,
wri
tet
he
cor
rec
tanswerift
hest
ateme
ntisFALSE.
__TRUE__1
.Capi
tal
ism i
sasyste minwhichallnat
ural
re
sourc
esandme ansofProduc
tionarepr
ivat
elyowned.
__FALSE__2.RobberBaronsmadedi
sti
nct
ionbe
twe
ent
wo
syst
emsofglobali
zati
on.
__TRUE_3.OECDmeansOrgani
zat
ionf
orEc
onomi
c
Cor
porat
ionandDev
elopme
nt
__FALSE__4.T
heEuropeanUnioni
stheworl
d’
slar
gest
commonmar ket,
composedof28Europe
annati
ons
__TRUE_5.
TheOrgani
zationofPe
trol
eum Exporti
ngCount
rie
s
(
OPEC)wasfor
me dbecausemembe rcount
rie
swant edt
o
inc
reasethepri
ceofoil
.
Le
sson5:
THEGLOBALI
NTERST
ATESYST
EM
Ac
tiv
ity1
ONEPI
CINW ORDS
Dir
ect
ions:From thepic
tur
esbelow,
whatdoyout
hinkar
ethe
eff
ect
sofgl obal
izat
iontogov
ernment?Ki
ndl
ywri
teyour
answersinsidethebox.
1.
Ter r
or i
sm
2.PriceInstabil
i
ty
3.Curre nc
yF lac
tuat
ion
4.Une mployme nt
5.Biodiversi
tyLoss
6.Bur eaucracy
Ac
tiv
ity2
Bl
uffBoar
dAc
tiv
ity
Dir
ect
ion:
Wr it
eT RUEi
fthestat
eme
nti
scor
rec
tandwr
ite
FALSEifthestat
ementiswrong
1.
TRUE 6. TRUE
2.FALSE 7 .
FALSE
3.TRUE 8.TRUE
4.TRUE 9.FALSE
5.TRUE 10.TRUE
Ac
tiv
ity3
Ve
nndi
agr
am Ac
tiv
ity
ANALYSI
S
Dir
ect
ion:
Aft
ertheact
ivi
ty,
thest
ude
ntswi
l
lre
fle
ctont
he
fol
l
owingque
sti
ons.
Ac
tiv
ity1
1
.How doyouf indtheacti
vi
ty?
Ifoundtheac t
ivi
tyveryi
nterest
ingasi
taddr
esse
sthe
e
ffec
t sofglobali
zat
iontotheglobalec
onomy.
3.W hatpi
ctur
estruc
kyout hemostandwhy?
Thepi
cturet
hatstr
uc kmet hemostisthebiodi
versi
ty
i
nstabil
i
tywhichi
sv e
ryalarmingissue
dcausedbyglobali
zat
ion
nowadays.
4.Chooseonlyoneamongt hesixeffe
ctsofglobal
izat
ionwhi
ch
doyout hi
nkhast hegreat
estimpactt othegover
nme nt?W hy?
Ichooseterrori
sm becauseofthelong-t
ermc onfli
ct
betweenpowe rf
ulnat i
onslikeUS,I
raq,andSyria.
Ac
tiv
ity2
1.W hatdoyout hi
nki stheroleofthosei nsti
tutionsin
i
nt er
nationalrel
ations?
Theroleofinternat
ionalorgani
zationsi stohe l
pse tt
he
i
nt er
nationalagenda,me di
ati
ngpol i
ti
calbar gaini
ng,and
provi
dingapl aceforpoli
tic
alinit
iat
ives.
T heyf aci
l
itate
cooperatesandc oordi
natesamongme mbe rnat i
ons.
2.W heninternationalrel
ationsdidst ar
ts?
Int
e r
nationalrelati
onsdat e
sf rom atleastthetimeof
Gree
khi stor
ianT hucydides,
bute me rgedasadi sc
reteac
ademi
c
fi
el
dwi thi
npol i
ti
calsc i
enceinthee arly20thcentury.
3.Di
dyouf i
ndt heimportanceofinte
rnati
onalr
elations?W hy
andW hynot ?
Inter
nationalrel
ati
onsi simport
antinawayt hati tse
eks
i
nterconnect
ionwi t
he ve
ryc ountr
yandai mstopr ovide
assi
stanceindiffer
entwaysf orthebet
termentofe v e
ry
nati
ons.