Instruction: Answer the question precisely, each question is worth 10 points.

1. How will you differentiate globalization vs regionalization?

Globalization acquires special relevance selective protectionism gradual global economic
integration, combining openness to the outside world with the protection of national interest.
Regionalism as a trend of global development.

2. Is there really a “first world”, “second world”, and “third world”? Justify your answer.
Yes, there is, the actual concept is after World War 2 the World was divided into three sides.
Capitalist Block (the first World Countries)
Communist Block (the second World Countries)
Neutral/Non-Aligned Countries (the third World Countries)

3. How are globalization and regionalization confronted by Asian countries? Explain

They are able to nurture different Asia cultures through different races and languages.
Through their knowledge and products, they are able to demonstrate their importance in
regionalization towards globalization Asia.

4. What are the reasons why our world is also unequal today? Explain.
The reason why our world is also unequal today is because of political factors of government
and tax charges in each country. A massive system of every poor citizen and every in the world has
taxes. The unions are looking for additional revenue to supply the day-to-day crisis. So they do it in
the same way as just lowering the price of the product. In other words, the high officials in the
country are biased and there is corruption going on.

5. How does regionalism benefit Asia?

A dynamic and outward-looking Asian regionalism could bring huge benefits, but not just the
Asia but to the world. It could help sustain the region’s growth, underpin its stability, and with the
right policies reduce inequality
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