Professional Documents
Culture Documents
Exercise:
Economic Globalization: Unity or Division?
Instruction: Discuss whether economic globalization is something that unites or further divides
the world. Articulate a position on global economic integration and explain your stand. Support
your argument with examples and shreds of evidence. Note that you can only articulate one
position--either economic globalization unites the world or economic globalization divides the
world. Give your work an interesting and creative title.
Scoring Rubric:
Criteria %
I think Globalization has brought about more ills than benefits so I stand
with economic globalization divides the world. Globalization has been influenced our way
of living enormously even at least with the littlest things we never expect. As an
interconnection and integration among variety of culture and races employed, the
standard of living became more accessible and easier.
The economic benefits and social costs of globalization are not evenly distributed
among society, resulting in great disparity between rich and poor. This globalization only
applicable to the rich people, how about poverty? Since it is developing, the rate of poverty
is increasing as well. Though it has positive effects it also does have its drawbacks and
one of them is difference it makes between rich and poor countries where there is a global
inequality that draws line or gap between the economic status between developing and
rich countries. Furthermore, the global integration of Philippines has merits to our country
in terms of trade, we can’t deny that it can also be a source of vulnerability.
In conclusion, I would say that Globalization is overall an ill as it only brings short
term economic gains, but such benefits are also subjected to the cyclical fluctuations of
the global economy.