CITY COLLEGE OF CALAPAN

(DALUBHASAAN NG LUNGSOD NG CALAPAN)

ALCU COA Accredited- Level 1

Barangay Guinobatan, Calapan City, Oriental Mindoro, 5200 Telefax Number: (043) 288 -2013 E-mail Address: calapancitycollege

CHAPTER 2: THE GLOBAL ECONOMY

REQUIREMENT IN GE-6 ART APPLICATION

Submitted by: Submitted to:

Members: Salvador, Lhealyn Mr. Alfie C. Alcoy,

Caiga, Carry Mae LPT, RPM, CSP

Burgos, Kimberly

Beltran Michael Joerge

Yambao, Jan Ian Marticio

Section: BSHM-1C

I. Objectives:

 Explain the process of development and how societies progress from traditional to
modern.
 Provide a framework for understanding economic development
 Explain how underdeveloped nations are exploited and kept dependent on
developed nations.
 Understand how Latin American countries fit into the global economic system.
 Aim to explain the disparities in wealth, power, and development among nations.

II. Content:

 Theories of Global Stratification

 Modernization Theory
 Walt Rostow’s Four Stages of Modernization
 Dependency Theory and Latin American Experience
 The Modern World- System

WE CREATE POSSIBILITIES FOR LIFE-LONG LEARNING

 CITY COLLEGE OF CALAPAN
(DALUBHASAAN NG LUNGSOD NG CALAPAN)

ALCU COA Accredited- Level 1

Barangay Guinobatan, Calapan City, Oriental Mindoro, 5200 Telefax Number: (043) 288 -2013 E-mail Address: calapancitycollege

III. Summary:

Modernization theory explains how society undergoes industrialization,

urbanization, and social changes that transform lives. It originated in Western Europe
with the Columbian Exchange, where Christopher Columbus discovered the
Americas. The Industrial Revolution, also known as the First Industrial Revolution,
occurred from the 18th to 19th century, introducing new technologies like steam
power and mechanization, leading to significant changes in agriculture,
manufacturing, and transportation.

Walt Whitman Rostow, an American economist, professor, and political theorist,

identified four stages of modernization: Traditional Stage, Transitional Stage, Take-
off Stage, and Drive to Maturity. Traditional societies are small, local communities
with limited resources and technology, while Transitional Stage introduces western
values, practices, and expertise. Take-off Stage leads to economic growth,
entrepreneurial class, and exporting. Drive to Maturity stage involves investment in
education, media, and birth control.

Dependency theory explains a state's economic development based on external

influences on national policies, including political, economic, and cultural factors.

World-system theory, developed by American sociologist Immanuel Wallerstein

in the 1970s, suggests a world economic system where some countries benefit while
others are exploited. This theory, which focuses on boundaries, structures, and rules
of legitimation, highlights the dynamic and constantly evolving nature of the world-
system.

WE CREATE POSSIBILITIES FOR LIFE-LONG LEARNING

 CITY COLLEGE OF CALAPAN
(DALUBHASAAN NG LUNGSOD NG CALAPAN)

ALCU COA Accredited- Level 1

Barangay Guinobatan, Calapan City, Oriental Mindoro, 5200 Telefax Number: (043) 288 -2013 E-mail Address: calapancitycollege

IV. Assessment:

1. What theory explains how society undergoes industrialization, urbanization,

and social changes that transform lives?
a. Modernization theory
b. Columbian Exchange
c. The Industrial Revolution
2. What was the name of the company that discovered the Americas?
3. What the first industrial revolution?
4. Four stages of modernization is Walt Whitman roster
(TRUE/ FALSE)
5. What are small, local communities with limited resources and technology?
6. What stage leads to economic growth, entrepreneurial class, and export?
7. What stage of modernization involves investment in education, media, and
birth control?
8. What theory explains a state?
9. Who developed the World-system theory?
A. Immanuel Wallerstein
B. Walt Whitman Rostow
10. What does the World-system theory focus on?

V. References:

ALDAMA, P. K. R. The contemporary world (1st ed., p. 35). REX Book Store.
https://doi.org/Theories of Global Stratification
ALDAMA, P. K. R. The contemporary world (1st ed., p. 35). REX Book Store.
https://doi.org/Modernization Theory

ALDAMA, P. K. R. The contemporary world (1st ed., p. 36). REX Book Store.
https://doi.org/Walt Rostow’s Four Stages of Modernization

ALDAMA, P. K. R. The contemporary world (1st ed., p. 37). REX Book Store.
https://doi.org/Dependency Theory and Latin American Experience

ALDAMA, P. K. R. The contemporary world (1st ed., p. 41). REX Book Store.
https://doi.org/The Modern World- System

WE CREATE POSSIBILITIES FOR LIFE-LONG LEARNING

 CITY COLLEGE OF CALAPAN
(DALUBHASAAN NG LUNGSOD NG CALAPAN)

ALCU COA Accredited- Level 1

Barangay Guinobatan, Calapan City, Oriental Mindoro, 5200 Telefax Number: (043) 288 -2013 E-mail Address: calapancitycollege

VI. Documentation:

Recommending Approval by: Approved by:

MA. AMABELLA ROSANNA M. CUASAY, ED.D. RONALD F. CANTOS, DPA

Director for Instruction and Curriculum Development College Administrator

WE CREATE POSSIBILITIES FOR LIFE-LONG LEARNING