Lenar Dean Edquiban GEC08

BSA 2B Mr. Benedicto Asban

Lesson 8
Globalization and Pluralism
Learning Task
Research the following. 10 pts. Each. Five sentences each number.
1. What is the impact of Carbon Emission to our environment?
Climate change is arguably the most significant way that carbon emissions have an
impact on the globe. Our climate naturally changes when the average world temperature
rises—it warms. Extreme weather phenomena including tropical storms, wildfires,
protracted droughts, and heat waves are brought on by this warming. And while an increase
in atmospheric carbon can, in some respects, benefit plants and crops, agricultural yields
may suffer if climate change alters the lands and results in drought or other weather
conditions that plants and crops cannot withstand. Animals face the same issue; as climate
change affects our environment and natural habitats, several indigenous species suffer.
While some species might completely vanish, others might thrive and supplant others.
2. How oil monopoly affects the economy?
A monopoly is a market structure that consists of only one seller or producer. Hence,
an oil limits available substitutes for its product and creates barriers for competitors to enter
the marketplace. It can lead to unfair consumer practices. Some monopolies such as those
in the utility sector are government regulated. With monopolizing oil comes the possibility
of higher oil prices. Increases in oil prices are often assumed to lead to higher inflation and
slower economic growth. The price of things created with petroleum products directly
relates to oil prices in terms of inflation. As was already mentioned, the cost of heating,
manufacturing, and transportation are all indirectly impacted by oil prices. Due to
producers' potential to pass along production costs to consumers, the rise in these costs
may have an impact on the prices of a variety of goods and services.
3. What is ‘brain drain’? How it affects the Philippines?
The process by which a nation loses its best educated and brilliant workers to other
nations through migration is known as "brain drain." The most qualified and competent
people leave the country and contribute to the economies of other nations, hence this trend
is seen as a negative. Because those who stay are powerless to change things, the nation
they depart may experience economic troubles.
When brain drain is prevalent in a developing country, there may be some negative
repercussions that can affect the economy. These effects include but are not limited to (1)
loss of tax revenue, (2) loss of potential future entrepreneurs, (3) a shortage of important,
skilled workers, (4) the exodus may lead to loss of confidence in the economy, which will
cause persons to desire to leave rather than stay, (5) loss of innovative ideas, (6) loss of the
country's investment in education, (7) the loss of critical health and education services.
One common effect in the Philippines is between 2004 and 2010, nurses made up an
average of 19% of all Filipino professionals, medical professionals, and technical workers
who emigrated. The Philippine healthcare system has suffered negative effects because of
this "nurse brain drain," as evidenced by numerous hospital closures and high nurse
turnover.