St. Cecilia’s College – Cebu, Inc.

LASSO Supervised School

Natalio B. Bacalso South National Highway
Minglanilla, Cebu
Tel. No. 032-268-4746/032-490-0767

GE7
THE CONTEMPORARY WORLD

FINAL- EXAM
JULY 13-17
S.Y.: 2021-2022

Name: Ian L. Tarega Year/Course 1B-BSIT

Date: July 18, 2022 Score: ____/40___

ESSAY TYPE: DISCUSS THE FOLLOWING.( IT SHOULD BE YOUR PERSONAL IDEA 50% AND 50%
FROM THE GOOGLE SEARCH.

1. Poverty and Lack of Ample Development under Globalization

Poverty refers to the individuals that haven’t meet the basic needs including the
money, clothes, shelter, food, etc. Poverty can have diverse social, economic, and
political causes and effects. There are two main ways to assess poverty in statistics
and economics: absolute poverty compares income to the amount required to meet
basic needs like food, clothing, and shelter; and relative poverty assesses when a
person cannot maintain a minimum standard of living in comparison to others in the
same time and place. From one nation or society to another, relative poverty might
be defined differently. Poverty can cause of less development of the country. Hence,
the situation we had right now is very intimidate. The virus Covid-19 can increase the
poverty whereas people will lose their job. It is very hard for them to deal with it
because they really care with their lives instead. This will include as a reason of
causing the lack of development in terms of Globalization, poverty still increasing
over time.

2. Democratization of the International System

Democratization is challenging to describe in practice, largely due to differences in

interpretations of what democracy is. For instance, there is disagreement over how to
indicate the start and finish of the democratization process. According to one
definition, democracy occurs during the time between the fall of an authoritarian
government and the conclusion of the first democratic national elections. Others
denote earlier starting points, such as when authoritarian regimes started liberal
reforms or when structural adjustments made authoritarian regimes vulnerable
enough for opposition parties to press for democratic reforms. Similar to this, some
democratic theorists claim that democratization continues long after the first elections
because elections do not guarantee a functioning democracy on their own. The issue
with this strategy is that it is unclear when the process of democratization comes to
an end. All nations could be seen as continually in the process of democratization if
compared to the ideal of a flawless liberal democracy. As a result, democratization is
less useful as a tool for analysis.

A political regime becomes democratic through the process known as

democratization. Beginning in the middle of the 20th century, democracy grew
rapidly around the world, changing the political landscape from one in which
democracies were the exception to one in which they were the rule. The
establishment of international norms that link democracy with many significant
positive results, from respect for human rights to economic prosperity to security, is
largely to blame for the rise in interest in democratization among academics,
policymakers, and activists alike.

3. Tax Reform to Finance Other Socioeconomic Reforms

To fulfill the President's pledge of tunay na pagbabago, the Comprehensive Tax

Reform Program (CTRP) is required in order to accelerate poverty reduction and
sustainably combat inequality. Making the tax system more straightforward,
equitable, and effective would generate more money that can be used to invest in our
people and infrastructure, which will help us realize our vision for the Philippines. By
2022, the Comprehensive Tax Reform Program will contribute to a 1.3 percent
increase in economic growth. Due to lower income taxes and the cash transfers,
household consumption will increase, which will increase GDP. Increased household
spending and larger investments will support increased economic activity. Tax reform
prioritizes bolstering the current tax structure and expanding the tax base. By
reducing marginal tax rates, tax reform seeks to increase the effectiveness of the
overall tax system. It guarantees that everyone is treated equally regardless of their
income.

Tax reform can lower revenue avoidance and evasion while enabling more effective
and fair tax collection that can fund public services and goods. It could increase the
sustainability of revenue levels and encourage future independence from foreign aid
and natural resource earnings (see Sustainable revenue and reducing aid and natural
resource dependence). It can promote economic expansion (see Economic expansion)
and alleviate inequality issues through distribution and behavioral modification (see
Inequality and redistribution).

4.Making Globalization Work: A Bottom-up Approach

There is no denying that globalization is unavoidably progressing. Pundits on both

sides of the issue contend that its dynamics are either enhancing opportunity for all
world citizens or widening the gap between the wealthy and the poor. Josh Samli
makes the case in Globalization from the Bottom Up that wealth concentration is
unsustainable; the global financial and economic crisis that started in 2008 is a
glaring illustration of the effects of excess. Samli refers to this money growth and the
political power it confers as the "greed factor"; if unrestrained and unguided, it might
lead to economic, environmental, and cultural catastrophe. Samli provides an
alternative model, a theory and practice of "social capitalism," which is based on a
bottom-up approach to wealth creation, while understanding that power will continue
to be concentrated at the highest level of the pyramid. Samli makes the case that,
wherever the entrepreneurial spirit is encouraged, financial, social, and political
change will unavoidably occur as other system actors seize the chance to profit. He
does this by using examples from throughout the world (for example, through the
creation of more consumers and collection of more taxes). The key to getting out of
the current crisis and laying the groundwork for a more diversified, inclusive global
economy may very well be institutions and infrastructure geared at encouraging more
entrepreneurs. Samli presents a provocative, yet ultimately upbeat, view of a more
inclusive, prosperous, and sustainable future by highlighting the direct connections
between entrepreneurship, economic development, environmental protection, and
political freedom and by offering helpful recommendations for expanding the pie
rather than cutting it into smaller pieces.

5. Discuss the international community’s response to population growth. Do you

think these responses will be effective?

In its decision 2013/101, the Commission on Population and Development decided

that
the special theme for its forty-eighth session would be “Realizing the future we want:
integrating population issues into sustainable development, including in the post-
2015
development agenda”. The present report is one of three reports that have been
produced to guide the Commission’s deliberations. The central challenge in designing
the post-2015 development agenda is to ensure that efforts to improve the quality of
life of the present generation are far-reaching, broad and inclusive but do not
compromise the ability of future generations to meet their needs. Accomplishing this
goal hinges on the ability of the international community to ensure access to
resources
for growing numbers of people, eradicate poverty, move away from unsustainable
patterns of consumption and production and safeguard the environment.
In designing and implementing the new development agenda it is important to
understand and account for the demographic changes that are likely to unfold over
the
next 15 years. While much remains unknown about the rate of transformation of the

global economy or the speed at which technological advancements will be needed to

improve efficiency and reduce humanity’s environmental footprint, the speed and
direction of population change, at least in the near future, is far more predictable.
The
report focuses on the demographic changes that are projected to occur over the next
15 years and discusses what they imply for efforts to achieve sustainable
development.
This response is very accurate since the Commission on Population and Development
decided to take any action in which they sustain and improve the Development of the
future of the Earth.