PRELIM: THE CONTEMPORARY WORLD

Balmas, Jannah Marie P.

BAC 1A

ASSESSMENT TASK 1:

. Free flow of
capital, free
trade.

Free movement Opening up

of goods, services global economy.
and people. GLOBALIZATION

Particular goods
that can compete
to other
countries.
ASSESSMENT TASK 2:

Globalization in the Philippines - HubPages

Upon checking the article above, it is clearly stated that the globalization has
a huge impact here in our country, there’s a lot of reasonable aspects that we can
actually consider in terms of improving our nation. It was also clearly stated that the
Globalization is the major factor of the process to the enlargement. Even the most of
the countries remaining realistic we cannot still neglect that the globalization
threaten employment, living standard and the social movement.

Moreover, globalization mostly serves as a weapon to battle against the

poverty. However, not all the countries are moving evenly since we do not have the
exact abilities and resources same as the other 1st World Countries. Globalization has
huge room for improvement, and it also open an opportunity to establish the
stability the economy, trade, politics and etc.

Philippines has a lot of natural resources that can also be the contribution for
the globalization and since our country is a agricultural country the pineapple,
banana, plays a key economic role every year. Additionally, the Philippines also
produces copper, gold, nickel, chromium, iron, and manganese. However, the cost
and the operation are not yet on the economically at its best but we are still looking
forward that these minerals will be more useful in the future.