Adapon, Mark Anthony L.

BSIT - 4A

Global Economy

1. Global economic growth is a result of economic interconnectedness. Specialized

industries can thrive as a result of this partnership. Success may also lead to
employment and wage/salary improvements, as well as an overall rise in income
and lifestyles. It is clear that because of this level of trust, there is less of a desire
to go to war. Nations with weak economic dependence really aren't inherently
hazards, but they really do have limited negotiating leverage. Economic
interdependence appears to favor dominant political nations. Nonetheless, global
trade does not lessen the risk of future hostilities. Although improvements in
overall income, it is maintained that there is always a global difference among
affluent and underdeveloped nations. While economic interdependence can
provide riches, it could also render emerging economies more politically
vulnerable and/or unable to maintain democracy due to their vulnerability to
global business and financial fluctuations. As a result, it's reasonable to assume
that consuming by nations with stronger economies and governments, as well as
superior technology, may significantly stimulate economic growth. As a result, as
dependency grows, so do trade networks, which are critical to the movement of
products. Globalization is a result of this worldwide commerce. Globalization
entails the exchange of services and goods, as well as the money, technology,
and data of some other country. While the blending and interdependence of
various nations' economy strengthens global ties, it also boosts global trade,
ideas, and culture. It also raises concerns about the influence on environmental
issues such as global warming, water use, and air pollution.
 2. For me the best way to address this issue is that we must remove and put all of
the corrupt politicians in jail because they play a vital role on how our country
develop and fight through the pandemic. The economic consequences of the
COVID-19 epidemic are a product of how we reacted to it, whatever government
actions were taken, and how ordinary people, employees, and businesses
reacted to the crisis. The government's response to suppress the virus this time
is more aggressive than in previous similar crises, which may have slowed the
spread of COVID-19 but cost the economy dearly. But the corruption really
affected the people which leads them to disobey the government on its health
and safety protocols.

Market Integration

1. Market integration refers to commercial businesses who hold common concepts,

as well as market items and services that are similar in nature. Could also means
a situation wherein the costs of equivalent products and services offered in a
certain geographical or global area start to move in the same direction. Market
integration is critical because it allows us to progress in the economic, industrial,
and information revolutions. As an example, groups of commodities tend to shift
in relation to one another, once this relationship is particularly evident across
marketplaces, the marketplaces are considered to be integrated.

2. Horizontal Integration

- Whenever a business or agency obtains ownership of other companies or

organizations executing comparable marketing activities at around the same level
in the advertising process, this is referred to as a marketing takeover. In this sort
of integration, a group of marketing firms band together to create a federation in
order to reduce their functional number and the market's actual competitiveness.
For example, when Jollibee bought Mang Inasal way back 2012 this became
horizontal Integration because they are both food chains here in the Philippines.

Vertical Integration

- Whenever a company undertakes many activities inside the marketing process,

this is known as multitasking. It is the union of two or even more activities in the
marketing process inside the same company or under the same management.
Just like Shopee there are different sellers but they all move at the same market
process.

Types of vertical Integration

Forward Integration
- If a company takes on a different marketing role that is more closely
related to the consuming function. For example, a farmer who sells his
harvests personally to a neighborhood grocery shop rather than to a
distribution center that manages the delivery of commodities to different
supermarkets.

Backward Integration
- A procedure in which a corporation buys or combines with other
companies that offer raw ingredients for its completed product. For
example, Jollibee bought a chicken farm for their own supply.
CONGLOMERATE

- Refers to a circumstance in which a major business joins forces with two

or more smaller enterprises through a merger or acquisition in order to
supply a diverse range of products or services that may or may not be
related to one another. For example, Proctor and Gamble.