Name: Danio, Mark Angelo October 18, 2022

Section: IV – ABE 1

Global Economy and Global Actors

A. Make a survey of the items (10 items) in your home (e.g. clothing, packed food items, appliances,
gadgets, other home stuff). Use the chart below to identify the country of origin of these items.

Name of Item Estimated Price Manufacturer/ Made in

(Country)
Realme 3 (Android Phone) 6,990.00 China
Centrix Smart TV 32” 4,500.00 Malaysia
Samsung Refrigerator 21,000.00 South Korea
Acer – Aspire 7 37,000.00 Taiwan
White WestingHouse Twin tub 9,000.00 United States of America
Washer Spin Dryer Washing Machine
PLDT Home Fibr Wifi 1,700.00 Philippines
Camel WM-E4501R Oven 4000.00 Philippines
Aji Ginisa-Ginisa Mix 3.00 Philippines
NWOW EBike 32,000.00 China
Wiggles Choco-Coated Mallows 7.00 Philippines

Questions:

1. Which country has the greatest number of products that has been produced in your possession?
Philippines
2. What are some reasons why the country cited is leading in the mass production of these
products?
Low Price, Availability in the market, Fit for Filipino use
3. Give the advantages and disadvantages of mass production which is controlled by one country.
Advantages - Budget Friendly, available in the market
Disadvantages – Low quality
B. Name the different global actors and their functions.

Organization Date Founded Function

International Monetary Fund (IMF)
July 1994 The IMF has three critical
missions: furthering
international monetary
cooperation, encouraging the
expansion of trade and
economic growth, and
discouraging policies that would
harm prosperity. To fulfill these

World Trade Organization (WTO)
North Atlantic Treaty (NATO)
World Bank (WB)
Asian Development Bank (ADB)
United Nations (UN)
European Union (EU)
missions, IMF member
countries work collaboratively
with each other and with other
international bodies.
Its main function is to ensure
that trade flows as smoothly,
January 1, 1995
predictably and freely as
possible.
NATO's purpose is to guarantee
the freedom and security of its
members through political and
military means. POLITICAL -
NATO promotes democratic
April 4, 1949, values and enables members to
consult and cooperate on
defence and security-related
issues to solve problems, build
trust and, in the long run,
prevent conflict.
The World Bank Group provides
financing, policy advice, and
technical assistance to
July 1944
governments, and also focuses
on strengthening the private
sector in developing countries.
ADB assists its members, and
partners, by providing loans,
technical assistance, grants, and
December 19, 1966
equity investments to promote
social and economic
development.
Maintain International Peace
and Security. Protect Human
Rights. Deliver Humanitarian
October 24, 1945
Aid. Support Sustainable
Development and Climate
Action.
November 1, 1993, The aims of the European Union
within its borders are: promote
peace, its values and the well-
being of its citizens. offer
freedom, security and justice
without internal borders, while
also taking appropriate
measures at its external borders
to regulate asylum and
immigration and prevent and

Group of Eight (G8)
Association of Southeast Asian Nations
August 8, 1967
(ASEAN)
Organization for Economic Cooperation
September 30, 1961
and Development (OECD)
combat crime.
The Group of Eight (G-8) was an
intergovernmental organization
1997 that met periodically to address
international economic and
monetary issues
the purpose of accelerating the
economic growth, social
progress, and cultural
development in the region, and
promoting regional peace and
stability.
The Organization for Economic
Co-operation and Development
(OECD) is an international
organization in which
governments work together to
find solutions to common
challenges, develop global
standards, share experiences
and identify best practices to
promote better policies for
better lives.