THE CONTEMPORARY WORLD

GE 3

Name of Student: Miranda, Denise May E. Activity Title: Midterm Activity

Year and Section: BSIT 1 - FATIMA Date Submitted: 03/24/23

INSTRUCTIONS

1.) Do you want to end the ENDO system in our country? Why?
2.) Do you agree that MNC must be given absolute rights (100% The 40% - 60% equity rule) in running their
business in our country?

ANSWERS

1.) Do you want to end the ENDO system in our country? Why?
No, I do not want to end the ENDO system in our country. The ENDO system is
an effective way of controlling the labor market, providing stability and ensuring
fair wages. ENDO provides protection for workers both in terms of wages and in
terms of job security. It also ensures that employers cannot hire workers on a
temporary basis for long-term jobs or jobs that require a high level of skill. By
regulating the labor market in this way, ENDO helps to ensure that workers are
treated fairly and that wages are kept at a reasonable level.
Furthermore, ENDO provides a sense of stability to workers and job seekers.
It guarantees that employers must meet certain requirements when hiring workers,
and that they cannot fire workers without just cause. This sense of stability helps to
attract more qualified workers to the labor market, as they know that their job
security is protected. ENDO also helps to ensure that workers’ rights are respected
and that working conditions are safe and healthy. Therefore, I believe that the
ENDO system should remain in place, as it is an effective way of ensuring fairness
and stability in the labor market.
2.) Do you agree that MNC must be given absolute rights (100% The 40% - 60%
equity rule) in running their business in our country?
No, I do not agree that MNCs should be given absolute rights in running their
business in our country. It is important to maintain a balance between local and
foreign ownership in businesses, to ensure that the economic benefits of such
investments are shared equally between the two. The 40-60 equity rule is an
important way to maintain this balance, by ensuring that at least 40% of the
ownership of a company is held by local investors. This will ensure that the profits
are shared between both the foreign and local investors, and that the local economy
will benefit from the investments.
Additionally, the 40-60 equity rule also ensures that the local investors are in a
strong position to influence the direction of the company. This will ensure that the
company is run in an ethical manner, and that the interests of the local people are
taken into consideration. This will also create a more level playing field between
foreign and local investors, as the foreign investors will not be able to take complete
control of the company. This will ensure that the investments are beneficial to both
the local and foreign investors, and that the economic benefits are shared equally
between them.