CONTEMPORARY WORLD

(MODULE 1, LESSON 3)

BIGCAS, JESSA MAE

BSED ENGLISH 1B

HOME ACTIVITIES

1.What remnants of the Westphalian system can still be felt at this day and age? In what sense has the
world gone beyond the Westphalian system?

-Wesphalian System is a theory of international Law claiming that each nation is sovereign over its
territory and internal policies, so that no other nation may interfere. Furthermore Wesphaliasn system
felt at this day and age such as Spatial finance, the integration of geospatial data into financial practice,
can help increase transparency within the financial system for practitioners and data providers alike. Also
Sustainability related risk can be better manage through the use of geospatial data. It can also assist in
the analysis and Management of other factors affectimg risk and return in different asset classes. The
Data alliance it's an industry partnership co founded with renifitiv, is employing new data ang technology
to support a just transition to sustainable development.

2.What are the differences between liberal and socialist Internationalism? What are their strengths and
weaknesses?

-Liberal socialism is the forein policy implemented by imperialistic nations such as the USA, and Western
Europe to straigthen up countries that comply with their unreasonable demands which only a vassal
state leader would follow. While Socialist Internationalism is the principle of the group of socialist
International which aims to spread the idea of social democracy around the world. It started in Western
Europe but has spread in almost all the continents. It has a habit of supporting rebel groups in their
struggle

3.Do you think internationalization erodes the sovereignty of states?

-In my own standpoint It' a no, because each state has it's own governing bodies, policies and rules. No
other state can dictate or eve influence a particular states. Internationalization is a set of standard which
can be applied to a particular products or business. Some business organization are trying to collaborate
with an international film for the purpose of improving products and services. Again internationalization
does not damage the sovereignty of the states.
4.Analyze socialism and capitalism in relation with the Philippine society. Which of these economic
systems would work in our country? Explain

-The term socialism and capitalism are both used to describe economic and political system. On a
theoritical level both of these term also describe specific schools and economic thought. One of the
most fundamental differences between the systems of socialism and capitalism lies in the scope of
government intervention within a economy. The capitalist economic models relies on free market
condition for the creation of wealth. The production of goods amd services based on supply and demand
in the general market. This economic stracture is referred to as a market economy while In a socialist
economic model, the production of goods and services is either partially or fully regulated by the
government. This is referred to as a planning and economic stracture that is created is known as a
planned economy or a command economy. in my own standpoint socialism is the one would work in our
country because it is better to plan it all first before we make a move that we cannot even sure to the
outcome.

5.What do you think is nationalism?

-Nationalism is an idea and movement that promotes the interest of a particular nation especially with
the aim of gaining and maintaining the nation sovereignty self governance over its home land.
Nationalism holds that each nation govern itself. Free from outside interference
A self determination, that a nation is natural and ideal basis for a polity and that the nation is the only
rightful source of political power.

6.What is necessary for the development of an international order?

-If you look at the world long history up to present, you will know that there will never be international
order. There will always be an attempt to achieve it. Sadly It is always through force by the way of
financial imperialism, sanctions, monopolies and wars. No one among the most powerful nations will
ever choose to truly respect another country sovereignty, especially the small ones. Under this situation,
many nations just follow the hegemon's lead to avoid beinf sanctioned. But there will always be a few
countries that are smart and brave enough to resist being a lopdog for these dominating nations who by
all accounts, act like a gang. So, what is necessary for the development og an international order is
respect between nations which is easy to say but hard to achieve.

7.What do you think of the League of Nations?

-The league of nations was a international organization founded after the Paris Peace Conference, 1919.
The league's goal included disarmament, preventing war through collective security, telling disputes
between countries through negotiation diplomacy and improving global welfare.

8.What is the role of revolution in internationalism?

-Internationalism is an important component of socialist political theory based on the principle that
working class of all countries must unite across national boundaries and active oppose nationalism and
war in order to overthrow capitalist.

9.What are the effects of the information revolution in today’s global market?

-The effects of information revolution in today's global market are, Firstly it transform national markets
into a single market. Today there is no barries in market because information revolution is rigid through
internet by means different networking sites. Second, People can choose best producte. People
nowadays have an option on the products that is acceptable to their tastes and preference. Third, It
change the world, culture and link people around the world. People nowadays adopt their tastes and
preference due to information dissemination or information revolution through and internet. And Lastly,
Business to business is now open. Business man can communicate each other and transact their business
such as buying raw materials and other factors of production in other countries.

10.What are the effects of multinational corporations in the Philippine economy?

-When multinational corporations contributed in our nation, it makes business openings. They account
for expand livelihoods and consumptions within the economy of the have notion fortifying development.
It create wealth and jobs around the world. Inward investment by multinational creates much needed
foreign currency for developing economies. They also creates jobs and help raise expectations of what is
possible.

11.Analyze the “global” nature of multinational corporations.

-A multinational corporation has facilities and other asset in atleast one country other than its home
country. A multinational company generally has offices or factories in different countries and a
centralized head office where they coordinate global management. These companies also known as
International, stateless or transnational corporate organizations tend to have budgets that exceed those
of many small countries.

12.Do you think the positive effects of multinational corporations outweigh the negative effects?
Why or why not? Explain

-In my own standpoint it is Yes, It is better if the positive outweighs a negative effects. A multinational
corporation is very essential and advantageous to a human being so it has to have numerous positive
aspects.

13.What do you think are the ways to lessen, if not eliminate, the negative consequences multinational
corporations?
-Multinational corporations must follow what is the required by the law. Like for example paying taxes,
complying business documents, complying with labor laws and other government laws. Which is
necessary in operating business in Philippines or other countries. A multinational corporation is run by a
mother company based in a particular country must comply with all the requirements imposed by a
particular country to avoid future negative consequences brought by negligences and not following what
is asked by the state. There are many successful multinational corporations because thet are careful and
obedience to the law and some other foreign companies closed due to illegal operations.