SAN JOSE COMMUNITY COLLEGE

COLLEGE OF EDUCATION
San. Jose, Malilipot, Albay

CONTEMPORARY WORLD
MIDTERM MODULES
1st Semester S.Y. 2021-2022

Submitted by:

ABEGAIL BLANCO
BSBA-MM-1F

Submitted to:

HERCHEL DAEN BARAL

College Instructor
 MIDTERM WEEK 1

LESSON 5 : GLOBAL MARKET INTEGRATION

Comprehension Questions / Process Questions

1.What are the effects of the information revolution

in today’s global market? Give at least 3 and explain
why.

 Increase global connectivity

 Because of the information revolution, the global market has

become more organized and connection between societies and
people in the global market has increased. It allows for supply
change to be maintained all around the world. Markets can be
tracked in real-time around the world, and orders and prices
can be adjusted accordingly. It also makes it simple for people
all around the world to communicate. Because of the
information revolution, different enterprises can contact with
different organizations all over the world, which could result in
a substantial boost in the worldwide market.

 Digital Age

 Different organizations all across the world have been able to

effortlessly link across boundaries thanks to the information
revolution. Online marketplaces allow consumers and sellers
from all over the world to connect with one another. He merges
national marketplaces to build a single global market.


2.What is the main objective of having or
implementing market integration?
 The primary goal of market integration is to combine all
markets into one. It discusses how different markets are
related to one another and how different enterprises emerge
or form partnerships in order for the prices of commodities
and services to become intertwined from one another.

3.How is trade liberalization contributes to market

integration?
 Trade liberalization aids market integration by fostering free
trade, which allows countries to train commodities without
the imposition of regulatory hurdles or related costs.
Because imports are subject to regulation, and competition
is likely to increase, this reduced regulation lowers costs for
countries that trade with other countries, which may
ultimately result in lower consumer prices

4.Give at least one advantage of market integration.

 One of the advantages of market integration is that it
reduces competition between firms that produce the same
products in different forms.

5.Analyze socialism and capitalism in relation with

the Philippine society. Which of these two would
work in our country? Why?
 The two basic economic systems used to comprehend the
world and how economies work are capitalism and
socialism. To encourage innovation and wealth creation
while also regulating business behavior, the capitalist
economic model relies on free market circumstances. The
socialist economy includes features of centralized economic
planning, which are used to maintain conformity and
promote equality of opportunity and economic outcomes.
From these two, I believe capitalism has the best chance of
working in our country because there are so many private
 enterprises generating commodities. The wages paid are
determined by supply and demand forces. The price of
goods and services in the marketplace, as well as the cost of
production. This market liberalization allows for the freedom
of choice, which can lead to either success or failure.
IV – Application/Activity (10pts)

1.Listed below are the scenarios that have to do with the

economy. Put a check to determine whether they have
positive or negative (for you, for the country, or for the
Filipinos) depending on the major impacts of these
scenarios. The “Case-by-Case” column can be used.
Justify your answers in each scenarios.

Scenario Positive Negative Case-by-Case Explanation

1.Agriculture  • Many farmers may

is the main suffer as a result of
source of losing their jobs. If
employment farmland is turned
in your home into real estate and
province. The exclusive
government neighborhoods,
decided to there is a risk of
develop it into food shortages and
a real state to price increases in
attract foreign the principal source
investors to of food.
the country.
2. You 
decided to
purchase a
new shirt
through an
online shop
based in
London.
3.The  • If there is a rice
Philippine scarcity in the
government is Philippines, the best
being answer is to import
pressured by in order to maintain
the current our economic
economic stability.
crisis to
import rice
from Taiwan
and other
nearby
countries in
the region.
4.A 
multinational
corporation
decided close.
Unfortunately
, your father
is one of the
employees of
the said
corporation.
However he
still be
employed if
he’ll accept to
be relocate to
another
country.
5.The global  • It is unfortunate
financial for my mother since
crisis has this is her last
affected the opportunity to have
investment those investment
funds of your funds when she
mother that retires, but she may
she can use not be able to
for her acquire them due to
retirement. the global financial
crisis.

V – Evaluation (5pts)
Determine what is being stated by the following
statements. Write your answers in the provided boxes
below.
1.Companies live by profit motive and exist to make
money.
C A P I T A L I S M

2.Property is owned by the government and allocated

to all citizens not only those with money to afford it.
S O C I A L I S M

3. Occurs when prices among different locations or

related goods follow similar patterns over a long
period of time.
M A R K E T

I N T E G R A T I O N

4.The rise of technology reduced the role of human

labor and shifted it from a manufacturing based
economy.
I N F O R M A T I O N

R E V O L U T I O N

5. People learned how to domesticate plants and

animals.
A G R I C U L T U R A L

R E V O L U T I O N
 MIDTERM WEEK 2

LESSSON 6 : GLOBAL INTERSTATE SYSTEM

Comprehension Questions / Process Questions

1.What is the importance of Global Interstate System?

 The importance of the global interstate system is that it

would sustain the economy and support international
competitiveness as the economy progressed from an
industrial era to an information age in a global marketplace
time.

2.What is the difference between state and nation?

 State is a territory with its own government and borders

within a larger country or a territory considered as an
organized political community under one government while
a nation is a large group of people who live on a certain
country and are linked by history, culture, or some other
shared characteristic.

3.Why is Global Interstate System considered as the key

drivers of globalization?

 Because of the economic, financial, political, technological,

and social elements that comprise globalization, global
interstate is regarded as a key driver of globalization. It
contributes to the economy’s long-term viability and to the
country’s international competitiveness. It also prevents a
 single country from dominating the global economy and
imposing a political monopoly on accumulation.
4.How is global interstate system founded ?
 The Interstate System was founded by President Dwight D.
Eisenhower. President Eisenhower supported the Interstate
System because he sought a method to evacuate cities in
the event of an atomic attack on the United States. The
Interstate Defense Highway Act of 1956 established the
Interstate System.
5.Why is it essential to the state to have its four elements?
 It is necessary for the state to have four elements since it
would not be labeled a state if one of the elements was
missing. The four elements should always be present.

IV – Application/Activity (20pts)
In this activity you have to give the four essential elements of these places
namely its people, territory, their government and sovereignty specifically
their internal and external sovereignty.

ROME TAIWAN
Romans Taiwanese
Roman Empire Republic of China
Democracy Democracy, Unitary
State
Roman Republic China
-Hellenes -Domestic
V – Evaluation (5pts)
Write the word TRUE if the statement is correct and write FALSE if its
incorrect.
1.Philippines can bee classified in a nation- state.
 FALSE

2.Internal and external are two types of sovereignty

 TRUE

3.A place can be considered a state even it only has 3 elements.

 FALSE

4.Global Interstate System started during the time of disputes and

chaos among countries.
  FALSE

5.Statecis more on political term while nation is more on ethnic term.

 TRUE
MIDTERM WEEK 3

LESSON 7 :GLOBAL GOVERNANCE

Comprehension Questions / Process Questions (5pts)

1.What is the reason of having a global governance?

 The purpose of global governance is to recognize,
comprehend, and resolve global problems that are beyond
the nations’ ability to solve. Global governance is required to
deliver global public goods, such as peace and security,
justice and mediation processes for conflict, functioning
markets, and consistent standards for commerce and
industry

2.How is state benefited in a global governance?

 A state is benefited in global governance by responding to
any challenges that influence its economy or other aspects
of the state. It also delivers global public goods, such as
sustaining peace and security in the face of any conflict, as
well as functional markets and harmonized trade and
industrial norms.
3.Why is global governance considered a helping hand to
state/s?
 Global governance aids in the resolution of specific
challenges that impact a state or nations. Any global
problem can be solved if there is global government in place.

4. How is global governance built or founded?

  Global governance was established in 1945, in the
aftermath of World War II, as a means of preventing future
conflict on the world. Both a result of the conclusion of the
Cold War, it arose as a practice and a disciplinary field of
inquiry.
5. In your own opinion , how can you see this world without
global governance ?
 In my opinion, if there is no global governance, the world
would be plagued with a slew of problems that will go
unsolved. People may face a great deal of turmoil, as well as
numerous crimes, and the country, in particular, may not
progress since no one is in charge of the state and its
citizens

IV – Application/Activity (10pts)

Imagine that you are the global governor or the world’s president. What are
the 5 priority problems that you want to resolve in your first 12 months in
the office . Explain each problem.
V – Evaluation (10pts)
Other than the information given above about global governance cite at least
5 advantages of it and explain each .
 MIDTERM WEEK 4
LESSON 8 – GLOBAL DIVIDES

Comprehension Questions / Process Questions (5pts)

1.What are the 2 division of countries in our world today?

 The two division of the countries in our world today is the

Global North and the Global South.

2.What are the reasons behind the emergence of Global North

and Global South?
  Because of the inequities that underpin these two divides,
there is a global north and a global south. The standard of
living, natural resource availability, income distribution
around the world, level of health and education, the nature
of a country’s economy and industrial sectors, conflict
within and between countries, and vulnerability to natural
hazards and climate change are all factors to consider.
These are only a few of the various reasons why the global
north and south emerge.

3.How is Global North differ from Global South?

 Global North nations are affluent, technologically advanced,

politically stable, and aging as their societies approach zero
population growth; in contrast, Global South countries are
poor, technologically advanced, politically stable, and aging
as their societies approach zero population increase. Despite
the fact that the Global South is agrarian-based and
economically and politically dependent on the Global North,
the Global North has continued to dominate and influence
global trade and politics.

4.Is there a possibility for those countries in Global South to

be placed in Global North and vice versa? How? (2pts)

 Yes, countries belonging to the global south may be grouped with

countries belonging to the global north; if the global south can catch
up to how progressive the global north is in terms of several elements,
it will be able to make significant development. In the case of the
global north, it may also be assigned to the global south if those
nations that belong to the global north face poverty and are unable to
continue progressive growth economically.
 Global North Global South

Rich Poor

Developed countries Developing countries

Economically advance Lack of resources

High Income Low Income

Agrarian Industrialized

IV – Application/Activity (10pts)

Give at least 5 words each that best describe Global

North and Global South.
V – Evaluation (10pts)
 Draw a political cartoon of what Global North and Global divide looks like in
a short bond paper. Explain
Explain .

Explanation:
The global north is represented by the guy with the hat and many
accessories, while the global south is represented by the man with a fatigued look.
As we all know, the global north denotes developed countries, while the global
south denotes developing countries.
It depicts how the power of the global north controls the global south; it
reflects the economic capacity of the nations that fall under the global north’s
control; their levels of productivity have a wide disparity that spans their global
powers. The worldwide north was living a prosperous and virtuous life, while the
global south continued to labor only to meet their daily needs, but could not keep
up with the global north’s advancement.