Module 1 ANSWER-juvy
Module 1 ANSWER-juvy
ACTIVITY
DIRECTIONS: Read the article provided below and write the underlying definitions of globalization in 30-
100 words.
Answer:
Until recently, most policymakers and investors remained complacent about the potential economic
impact of the coronavirus crisis. As late as the end of February, most wrongly assumed that it would
have only a brief, limited, China-specific impact. Now they realize that it is generating a global shock,
which may be sharp—but which most still expect to be short. But what if the economic disruption has an
enduring impact? Could the coronavirus pandemic even be the nail in the coffin for the current era of
globalization?
The coronavirus crisis has highlighted the downsides of extensive international integration while fanning
fears of foreigners and providing legitimacy for national restrictions on global trade and flows of people.
All sorts of businesses have suddenly realized the risks of relying on complex global supply chains that
are specific not just to China—but to particular places such as Wuhan, the epicenter of the pandemic.
Chinese people—and now Italians, Iranians, Koreans, and others—have become widely seen as vectors
of disease; senior Republican politicians in the United States have even labeled the disease the “Chinese
coronavirus.”
Meanwhile, governments of all stripes have rushed to impose travel bans, additional visa requirements,
and export restrictions. The travel ban on most arrivals from Europe that U.S. President Donald Trump
announced on March 11 is particularly broad, but far from unique. All of this is making economies more
national and politics more nationalistic.
APPLICATION
Activity 1
DIRECTIONS: Choose two aspects of globalization that affects your present lifestyle. You must give
examples from your daily experience to elaborate your points.
Answer:
The two aspects of globalization that affects my present lifestyles are economic globalization and
informational globalization. For example in economic globalization are the market goods are getting
more costly and we don't have enough financial to buy our daily needs. And in the informational
globalization although we have gadgets to get important information, but the problem is we don't get to
much information because of having low internet connection.
Activity 2
Directions: Study the 7 events in the table and decide which of the following aspects of globalization
that the event illustrates: economic, informational/technological, cultural, and political. The first one
has been done for you as an example.
Answer: