Scribd
Upload
41 views1 page

The Contemporary World

Uploaded by

Cordero, Reymond R.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
41 views1 page

The Contemporary World

Uploaded by

Cordero, Reymond R.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

REYMOND CORDERO

BSIT2-2

Instruction: Answer the following guide questions. (5points each)


1. How do economic forces facilitate the deepening of globalization?
Answer: These economic forces are the institutions that help the world to achieve the present
globalization today, for example reducing tariffs that will make exported and imported
products have a lower price and will increase the income of the countries. Until now, these
institutions continue to help our world to avoid economic crises and deepen our globalization
which is made easy by technology.

2. 'How is the Philippines central to the history of economic globalization?


Answer: The main reason is that the Philippines provides a significant portion of the
world's workforce. Opening a job abroad is a welcome opportunity for Filipinos from all
walks of life. Thus, the term “OFW” or “Overseas Filipino Worker” was born. As Filipino
culture spread to other countries, Filipinos in their home country became familiar with
other cultures and their lifestyles changed. The world has become a global village. But it
also has some negative effects. For example, many Filipinos are oppressed abroad. Some
are abused, and others come home in coffins. OFW parents are also separated from their
children for long periods of time, making communication difficult within the family.

3. Compare and contrast the assumption: of the original Bretton Woods system with
those of the Washington Consensus
Answer: The Bretton wood system believes that country will show down when the
money in it will not move or not be spent that is why in this system, when the economies
slow down, the market should have more capital to have money to spend. While washing
Consensus recommends the government to spend less to reduce depts. And
describes all the policies that the international institutions based in Washington,
IMF, World Bank, etc.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy