Jasmine Agustin BSN-4

MOTIVATION

How does the saying "No Man Is An Island" applicable in global economy"

- As for many countries, they depend on each other especially for services and goods to become
develop and provide the needs of every certain citizen they have in the process of trading.

Objectives:

Evaluate the effects of Global Trading in a certain country

- Through commerce, nations can access commodities and services that might not otherwise be
accessible domestically and grow their markets. Market competition has increased as a result of
global trade. This ultimately leads to more competitive pricing, which lowers the cost of the final
product for the consumer.

Discuss the advantages and disadvantages of Global Trading

- The advantages of global trading are the specialization, economic expansion, and a decrease in
international warfare are benefits of global trade. Trade restrictions may be imposed by nature
or by government policy. Tariffs, quotas, and product standards are examples of policy obstacles
while on the other hand, cultural distinctions international trade has numerous drawbacks, but
one of the biggest is how frequently cultural differences go unrecorded. It might be challenging
to identify and harder to resolve the country's unwritten rules of business.

Appreciate the Competitive Advantage of the Philippines in Global Trading

" What are the competitive advantages of the Philippines in Global Trading?

Present a research about a global / international trading agreement in which the Philippines is part of.
(Send your video or research in the dropbox)

- Suitable personnel and resources is one of the Philippines' most potent comparative advantages
with other Asian nations is the quality of the Filipino labor. The country's literacy rate is 94.6%,
one of the highest rates in the world, with higher education given priority.