NAGA COLLEGE FOUNDATION

M.T VILLANUEVA AVENUE NAGA, CITY

S/Y 2021-2022

THE CONTEMPORARY WORLD

1. What are the advantages and disadvantages of using (a) broad and
inclusive definitions and (b) narrow and exclusive definitions of
globalization?

- To obtain a lot of ideas, I believe it is really vital to study and investigate a

lot of topics. As a result, the advantage was that it provided us with a
wealth of information and fresh ideas yet, the downside was that there
were so many theories about globalization that it might produce a lot of
confusion, causing others to become more confused.

2. What do you think is the Importance of defining globalization?

- Globalization changes everything on how each nation socialized in nature of

the economy, technology, and cultures. It increases the economic
growth and development of countries worldwide. It is important that we
know the environment of globalization in order to have knowledge on how
we can interact with other people inside or outside of our country.

3. Do you agree with idea that the contemporary world is characterized

by high liquidity? why or why not?

- Yes, I believe that liquidity is a characteristic of today's economy.

Manufacturing, marketing, selling, and buying things, both helpful and
non-useful, are all part of our modern world. It seems that our well-being
as a civilization is now determined by how quickly our finances rise in
order for us to buy the things we want. This is where the concept of
liquidity comes into play. In this time of pandemic it is common to
socialized with other people having business online and external business
inside and outside of the country so that we can be able to survive.

MARY ICON B. QUINDO

BEED 1-B