PRELIM: THE CONTEMPORARY WORLD

Balmas, Jannah Marie P.

BAC 1A

ASSESSMENT TASK 1:

1. Global Economy
2. Globalization
3. International Trade
4. International Finance
5. Global Investment
6. Free Trade
7. Trade Barriers
8. US Banks
9. GDP
10. Restrictions

ASSESSMENT TASK 2:

BENEFITS EXPLANATION

Providing a foundation for By laying the groundwork for global

worldwide economic growth. economic expansion, it will foster
international competition in a variety of
markets. Additionally, it will increase
production and efficiency across all
nations, and by enabling the importation
of capital goods, it will aid in the
development of underdeveloped
nations.
Encouraging competitiveness A healthy rivalry with other nations in
between countries in various which we may compete globally by
markets. manufacturing high-quality yet
affordable goods that will be well-known
and well-liked in the market.
Raising productivity and We won't lose anything if we make
efficiency across countries. sensible investments. The likelihood that
we will experience growth and
development increases as we make more
investments and explore for effective
and creative ways to support economic
expansion.
Helping in the development of Strengthening ties by being willing to do
underdeveloped countries by business with other nations. Trading is a
allowing them to import capital way to purchase and sell things, not to
goods (machinery and industrial disparage the goods of other nations.
raw materials) and export primary
goods (natural resources and raw
materials).