ACTIVITY 3

THE GLOBAL ECONOMY

(computerized or handwritten/ss)

25 points

INSTRUCTIONS: Read and study first the posted materials on Chapter 2 in the LMS before you deal
with these questions. Research will likewise do.

1. Give as many examples as you can cite on each of the following- international companies,
multinational companies, global companies, and transnational companies.
International Companies:


Multinational Companies:
 Industrial and Commercial Bank of China
 JPMorgan Chase
 Berkshire Hathaway Inc.
 China Construction Bank Corporation
 Apple Inc.
 Saudi Aramco
 Bank of America Corporation
 Ping An Insurance
 Agricultural Bank of China
 Amazon.com, Inc.
 Royal Dutch Shell
 Wells Fargo & Company
 Bank of China

Transnational Companies:

 Nestlé
 Deutsche Post AG
 Toyota Motor Corporation
 Unilever
 McDonalds
 Castrol
 DQ
 Colgate
 FedEx
 SUBWAY
 Swissair
 Lipton
  Walmart
 Oral-B
 Pepsi
 Pizza Hut
 Dell
 Zantac
 Red Lobster
 Old Navy
 Finlandia
 Lays
 Cirrus
 Kitkat
 KFC
 Mobil
 Tictac


2. How do economic forces facilitate the deepening of globalization?

 Globalization driven by gradual development and changes. Economic Forces facilitate
the deepening of globalization in the economic market. Economic forces work of
knowing what market is composed of from its product to consumer in order for the
business to communicate to people from countries. There are discovering, learning and
deep understanding.

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

 When we tackle about of globalization we think of trading, political system, culture and
etc. Developing countries experience the effects of globalization and also the
Philippines. Philippines has taken years for the foundation of its political system.
Government plays a vital role of shaping its ways of trading, financing, and the
environment.

Philippines openness of the trade market created alliance and security that ensure those
other countries interest in our homeland. Employment opportunities that considers
Philippines as a global workforce. Jobs overseas that increases foreign remittances. This
globalization workforce spread or shared Filipino culture that opens and break barriers
to other nations.

4. Based on the posted notes in the LMS, compare and contrast the assumptions of the original
Bretton Woods system with those of the Washington Consensus?
  Bretton Woods system whole system is based upon avoiding a return to the economic
instability. Created a framework of norms, rules, and understanding to counter pre
WW2 economic instability (depression, unemployment, protectionism and eventually
the rise of racism). Its key component of fixed (currency) exchange rates between
countries therefore seeking to maintain stable exchange rates through IMF member
countries. These currencies were all fixed at a certain exchange value to the US dollar.
While Washington Consensus emphasize private property rights, deregulation,
privatization, foreign direct investment, trade liberalization, exchange rates, financial
liberalization, tax reform, public expenditure priorities and fiscal discipline.

5. What do you understand of Neoliberalism? Share your personal perspectives.

As my understanding about Neoliberalism it is an approach which focuses in individual
entrepreneurial freedom and skill with the institutional framework characterized by strong
private property rights, free market, and free trade. This approach to economic for me sees
individual as the building blocks of the economy.