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

the effects of the information revolution have revolutionized the  today's global market .

 Information can be transmitted in no time , meaning without delay any information can

be transferred across the world wide.

 people across the planet can have access to the data anytime, thus creating a great
impact on today's global market.

 The last 50 years have seen America entering into the world of Information Revolution
creating a revolution in the global economy.

 Another leading country in this is China.

 The growing information technology has made a significant impact on global

economy.Technology has allowed the rate of production not to be hindered by distance
of mountain or oceans. The idea of sending money and products is made ease with this
revolution.

Thus, a significant progress is made by this revolution in the field of global market.

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

 The presence of multinational corporations had beneficial effects on the Philippine economy. Most
importantly they bring jobs which is essential for a developing country such as the Philippines to
have. Not only can it help solved the struggle of our economy but also gives jobs for the
unemployed.

3.)     Analyze socialism and capitalism in relation with the Philippine society. Which of these
economic systems would work in our country?

Capitalism is the only option for Philippine society. For example, look at China - the Chinese people
were starving when China was socialist. Now, the Chinese economic system, called “state capitalism,”
created prosperity in the country. (Of course, it is a paradoxical situation - the Communist Party leads
the capitalist society. Karl Marx would probably have a heart attack if he could see this travesty.)

Another model of prosperity and democracy versus totalitarian regime, misery, and starvation is
capitalist South Korea and socialist North Korea. The same Korean people live in both countries - it is
clear that socialism is a destructive force!