MID – TERMS IN GENERAL EDUCATION 007

(Contemporary World)

Name: Dianna Kate S. Albao Course/Year and Section: BSA1 Date: May 17, 2020
Score: ____

Test I: Define the following terms for 5 points each.

1. Globalization
Globalization is a process of interaction and integration among the people,
companies, and governments of different nations, a process driven by international trade
and investment and aided by information technology.

2. Global Migration
Global migration is a situation in which people go to live in foreign countries,
especially in order to find work: Most global migration is from developing countries to
developed ones. global migration pattern

Global migration can be understood as a cause and effect relationship, though the
causes are just as numerous as their effects. People move across international borders for
a variety of reasons, including (though not limited to):

 Safety
 Natural disaster
 Political conflict
 Education
 Family
 Career
 Economic betterment
3. Global Economy

Global economy is the exchange of goods and services integrated into a huge
single global market. It is virtually a world without borders, inhabited by marketing
individuals and/or companies who have joined the geographical world with the intent of
conducting research and development and making sales.

4. Food Security
Food security, as defined by the United Nations' Committee on World Food
Security, means that all people, at all times, have physical, social, and economic access to
sufficient, safe, and nutritious food that meets their food preferences and dietary needs
for an active and healthy life.

5. Market Integration
Market integration occurs when prices among different locations or related
goods follow similar patterns over a long period of time. Groups of goods often move
proportionally to each other and when this relation is very clear among different markets
it is said that the markets are integrated.

6. Corporations
A corporation is a legal entity created by individuals, stockholders, or
shareholders, with the purpose of operating for profit. Corporations are allowed to enter
into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow
money from financial institutions.

A global corporation, also known as a global company, is coined from the base
term 'global', which means all around the world and a global company is any company
that operates in at least a country other than the country where it originated.
Test II: Compare and contrast the following: (10 points each)

1. Capitalism vs Socialism

The major differences between capitalism and socialism revolve around the role
of the government and equality of economics. Capitalism affords economic freedom,
consumer choice, and economic growth. Socialism, which is an economy controlled by
the state and planned by a central planning authority, provides for a greater social welfare
and decreases business fluctuations.

Capitalist Economy: Key Characteristics

Capitalism is characterized in the following ways:

 It is a market-based economy made up of buyers (people) and sellers (private or

corporate-owned companies).
 The goods and services that are produced are intended to make a profit, and this profit is
reinvested into the economy.
 The government should not interfere in the economies of the free market, meaning, the
market determines investments, production, distribution and decisions, and government
interference is only allowed when making and enforcing rules or policies governing the
conduct of business.
 There is a need for continual production and purchase for a capitalistic economy to
operate efficiently.
 Capitalists believe that government does not use economic resources as efficiently as
private enterprise.
 Socialist Economy: Key Characteristics

Socialism is characterized in the following ways:

 The means of production are owned by public enterprises or cooperatives (the state), and
individuals are compensated based on the principle of individual contribution.
 There is equal opportunity for all. Large-scale industries are cooperative efforts, and thus,
the returns from these industries must be returned to and benefit society as a whole.

2. Homogeneity vs Heterogeneity
In the globalization debate the term “heterogeneity” is generally used to describe a
quality of cultural diversity, mostly as antidote of the cultural convergence‐thesis, which
proposes an increasing homogenization of culture through globalization.
Cultural homogenization is an aspect of cultural globalization, listed as one of its main
characteristics, and refers to the reduction in cultural diversity through the popularization and
diffusion of a wide array of cultural symbols—not only physical objects but customs, ideas
and values.

Test III: Discuss your answer briefly for ten (10) points:

1. In your own understanding what is “GLOBALIZATION”?

Explain in your own words
Globalization serves as a connection to people in different countries in
the world. It has provided business opportunities and employment to a lot of job
seekers. It paved the way for people to to share their cultures and traditions in
different parts of the world. It has expanded internationally for cultural, economic,
and political activities. It is the movement and integration of goods and people
among different countries. Globalization helps the economy of almost every
country in the world because of free trade, tapping of cheaper foreign labor
markets and free flow of capital. Globalization is one of the reasons why we do
experience the life that we have now because of the help and influence from
people coming from different countries in the world.
 FINALS IN GENERAL EDUCATION 007

(Contemporary World)

Name:Dianna Kate S. Albao Course/Year and Section:BSA1 Date:May 17, 2020

Score: ________

Test I: Define the following terms for five (5) points each.

1. Global Demography

Demography – the study of human populations

The distribution of populations can be defined at multiple levels (local, regional,

national, global) and with different types of boundaries (political, economic, geographic).
Demography is a central component of societal contexts and social change.

2. Capitalism
Capitalism is an economic system based on the private ownership of the means
of production and their operation for profit. Characteristics central to capitalism include
private property, capital accumulation, wage labor, voluntary exchange, a price system
and competitive markets
. In it the government plays a secondary role. People and companies make most of
the decisions, and own most of the property. The means of production are largely or
entirely privately owned (by individuals or companies) and operated for profit.

3. Socialism
Socialism is an economic and political system. It is an economic theory of social
organization. It believes that the means of making, moving, and trading wealth should be
owned or controlled by the workers. ... People who agree with this type of system are
called socialists.
 4. Globalism
Globalism refers to various systems with scope beyond the merely international.
It is used by political scientists, such as Joseph Nye, to describe "attempts to understand
all the interconnections of the modern world—and to highlight patterns that underlie
them."
Globalism(Noun) An ideology based on the belief that people, goods and
information ought to be able to cross national borders unfettered and is a socioeconomic
system dedicated to free trade and free access to markets.

5. Local Culture
The term local culture is commonly used to characterize the experience of
everyday life in specific, identifiable localities. It reflects ordinary people's feelings of
appropriateness, comfort, and correctness—attributes that define personal preferences
and changing tastes.

6. Global Culture
Global culture is culture which transcendent s national borders and exists in
many different places around the world. These media influence people's way of thinking
all around the world and act as socialization agents. In doing so, they transfer values and
beliefs from one culture to the other.

Test II: Compare and Contrast the following: for ten (10) points each.

1. Globalization vs Globalism
Globalization is the process whereby individual lives and local communities are
affected by economic and cultural forces that operate world-wide. In effect it is the
process of the world becoming a single place. Globalism is the perception of the world as
a function or result of the processes of globalization upon local communities.
 2. Local Culture vs Global Culture
The cultural context in which this occurs is what distinguished societies from one
another. Retreat from the intense, irrevocable impact of the Global, is the desire to retain
roots, traditional structure, autonomy, local authority and the belief in a cohesive value
system. 
Local culture is more on the experience of everyday life in specific, identifiable
localities while global culture is more on transfer of values and beliefs and other cultures
globally. Local culture is narrower in scope than global culture.

Test III: ESSAY: Discuss briefly in one (1) paragraph of 10 to 20 sentences for 20 points.

1. COVID – 19 and its ILL EFFECTS globally.

Covid-19 pandemic is one of the most terrifying events that happened to our lives.
It became a threat to every human being in almost every part of the world. It is
considered to be one of the greatest challenge we have ever faced.

This pandemic had adverse effects to every human life. Despite of the idea that
some people tried to see the effects of this pandemic in a positive way, but we just cant
ignore the fact that this a kind of crisis that brought fear to each and every one of us. It
has become the reason of tears of losing a loved one because of Covid-19. It is the reason
why millions of people are now suffering from hunger because of shortage of food
supplies and other necessities. It is also the reason why some people especially the front
liners cant spend time with their family or even just let them see their love ones. Students
are being forced to do online studying. This is very much unfortunate especially those
students who don’t even have smart phones or laptops for submission of requirements.
Not every one has internet connection in their place and some don’t even have the money
to pay for a load. This pandemic causes a lot of problems and had been depriving us to do
the things that we want. As for the economy of every country, this pandemic causes the
economy to decline massively. One example is our country the Philippines which was
witnessed having a slower economic growth in the first half of 2019, compared to 2018.
The country saw a sustained economic growth of 6.3% between 2010 and 2018, while the
growth slowed down to 5.5% in H2 2019. The World Bank estimates Philippines to
witness full-year 2019 economic growth of 5.8%. There are a lot of reasons why this is
the current economic status of our country right now. One is that, the government is
spending a lot of money for the needs and other necessities of the people. This also
happened mainly because a lot of stores, malls and many business infrastructures were
forced to close down because of this pandemic. The idea of business infrastructures
closing down would only mean lose of jobs and income to a lot people. As up to this
very moment there is no certainty as to when everything will go back to its normal state.

This virus is already killing millions of lives, base on my research as of now

the total death toll all over the world is 312 239 and 4 658 651 confirmed cases. This
is a big loss to the human population. The Covid-19 pandemic has to stop and each
and every one of us must do our part by simply following the rules and regulations
because cooperation an camaraderie of people and the government is the only way to
end this. I know someday we will heal as one.