MODULE 1 ASSESSMENT

My MacBook is one of the essential products I used every day. This product has
become my lifeline, particularly during this pandemic, because we are in an online class and
have much schoolwork that needs to be done. This product provides me with the versatility
and independence that I need to complete instructional assignments, online quizzes,
exams, assessments, and learning tasks at any time. Furthermore, this product allows me
to access the lectures given by the instructors in the VSU e-learning Moodle anytime and
join the virtual online classes anytime to learn from my instructors and acquire extensive
knowledge.

Because of economic globalization, Apple Inc., the manufacturer of the MacBook,

has a significant market share in America, Europe, and Asia. Economic globalization has
allowed Apple Inc. to outsource production facilities to various areas of the world and has
resulted in the company recruiting dedicated, skilled, creative, and accomplished individuals
from all over the world and offering thousands of jobs that help the economy develop day by
day. Furthermore, WTO policies would not have been enforced without economic
globalization; if these policies had not been implemented, I would not have enjoyed using
this product or purchased it at a decent cost due to tariffs.

Through economic globalization, both industrialized and developing countries benefit

from expanded economic opportunities so that economic globalization expands the number
of potential consumer choices to almost an unlimited number. Consumers benefit from
globalization not only in terms of lower cost but also in terms of higher and expand the
product range. Furthermore, economic globalization has positively impacted the country's
economic growth and employment and the local, national, and global economies. But on
the other hand, economic globalization has also brought a negative impact in which some
multinational companies take advantage of developing nations and are mainly concerned
with making a profit or seeking low-cost manufacturing, reinvesting only a limited portion of
their profits the countries where they are based.