Analysis:

Directions: After reading the story entitled “Gao, Latif, and the Lasa”, answer the questions that follow. Write your
answers on the spaces provided below and be guided with the rubrics indicated.

a. Who is/are the major characters that played an important role in the story?

Gio, he is an international affairs student in a university in Cebu City.

Latif, He is studying in Muslim University in Kuala Lumpur.
b. What is the situation of the story?

Gio finally had his first taste of Laksa – a rice noodle soup in a crispy coconut curry sauce. He found the flavors intense
since like most Filipinos, he was not used to spicy foods.
Latif sent his mother’s recipe to Gio and the latter began cooking Malaysian food in his home.

c. What are some of the global experiences mentioned in the story? Cite at least three (3) experiences.

-Participation on the Model United Nations team

-Studying Abroad

The Filipino telenovela (Pangako sa’yo), being aired in Kuala Lumpur and that became Latif a big fan of the Filipino
actors such as Jericho Rosales and Kristine Hermosa

d. What is the morale of the story?

This demonstrates the influence of British colonialism and globalization in dividing countries and states with similar
beginnings.

Applications:

What is Globalization?

-The process by which people and goods moves easily across borders.

FINANCIAL CULTURAL POLITICAL SOCIOLOGICAL TECHNOLOGICAL

GLOBALIZATION GLOBALIZATION GLOBALICATION GLOBALIZATION GLOBALIZATION
The development
The phenomenon by
Refers to the and growing Information moves
-Can be linked with which millions of
interpretation of influence of almost in real-time,
rise of a global people are
cultures which, as a international together with the
financial system with interconnected
consequence, means organizations such international
international thanks to the power
nations adopt as UN or WHO connection and
financial exchange of the digital world
principles, beliefs, means governmental interdependence of
and monetary via platforms such as
and costumes of action takes place of events and their
exchange. Facebook,
other nations. an international consequences.
Instagram, YouTube
level.
Reflection:

Philippines

Access to new Cultures

The spread of technologies and innovation

Higher costs for products

The Philippines is a culture in which East meets west. The Filipino people have distinct Asian Background, with a
strong western tradition. The modern Filipino culture developed through influence from Chinese traders, Spanish
conquistadors, and American Rulers.

The Philippines climbed to the 55 th spot out 42 economies tacked in the latest technological readiness ranking
published by the economist intelligence unit.

Reasons why the cost of living the Philippines is inordinately expensive. First is due to our impact dependence.
Unfortunately, the country’s manufacturing sector has eroded so severely in recent years that we now import the
majority of our needs. This include basic food products (including rice), consumer goods, construction materials,
machinery and equipment.

INSTITUTIONS/BUSINESS INTERNATIONAL CONNECTIONS COUNTRY LEADERS OF THE INSTITUTION

United States, Canada, Hong Kong,
Macau, Brunei, Vietnam, Singapore,
Malaysia, Saudi Arabia, United Arab
Jollibee
Emirates, Qatar, Oman, Kuwait,
Bahrain, Italy, Spain, and in the United
Kingdom.
Joe Biden 46th U.S. President, Justin
Trudeau Canada's 23rd Prime Minister,
John Lee Chief Executive of Hong Kong,
Ho Iat-seng Chief Executive of Macau,
Nguyễn Xuân Phúc Vietnam, Halimah
Yacob Singapore,

1. How do business and institutions facilitate the deepening of economic globalization?

In order to meet increased consumer demand, many businesses are attempting to expand their geographic
footprint and extend their value chain to an international level. The bottom line on globalization is that it creates an
opportunity for businesses to expand revenue streams, diversify risk and increase brand equity. The bottom line on
globalization is that it creates and opportunity for business to expand revenue streams, diversity, risk and increase brand
equity. They are the center of globalization, the globalization will not become popular or known if there’s no business or
other aspect that are related to the economy growth. Through to them the globalization work more efficient and
effective, where it provide a various service for the people.
2. How is the Philippines central to economic globalization?

The evidence suggests that globalization has a positive effect on the country’s economic growth and employment.
Globalization has been very effective in the Philippines. There have been changes in the country such as more labor and
more companies that have emerged to help economy. Ironically, the Philippines is a country that is not extremely
export-dependent, meaning that drastic effects of instability on both export earnings as economic growth associated
with economic stocks are annulled.

Application

Test I

Bretton Woods System Similarities Washington Consensus

Monetary management established
Both the systems talk about financial
the rules for commercial and Dominated global economic, policies,
stability in the international sphere.
financial relations among the United it advocates pushed for minimal
Both the system include practices
States, Canada, Western European government spending to reduce
and practices related to inflation and
Countries Australia and Japan after government.
employment.
the 1944 Bretton Woods Agreement.

Test II

1. Yes, I agree “Gold is a way of going long on fear” it means gold is a very useful investment during periods of instability
and high inflation. Gold is also considered a good hedge against the risk of inflation because the rising of cost of goods
and services.

2. Introduce order into your daily activities-make a plan of activities for the entire week. Be proactive because this
attitude gives you the power and control of the uncertain situation, also taking care of yourself will not only help you
stay healthy.