Alyzza Aubrey S.

Adulos

BSFAS 4

GNED 07 THE CONTEMPORARY WORLD

ACTIVITY 2

Answer the following questions:

1. What are the advantages and disadvantages of privatization of government services?

*The advantages of transferring government-owned assets to the private sector are increased
efficiency and profits, largely because competition incentivizes innovation and improvement.
The disadvantages of privatization are decreased regulation and government revenue.
2. Is globalization harmful to our present economy? Depend your answer.
*Studies also suggest that globalization may contribute to income disparity and inequality
between the more educated and less educated members of a society. This means that unskilled
workers may be affected by declining wages, which are under constant pressure from
globalization.
3. Tell your own globalization experience.
*Because of globalization, you can purchase cheaper goods, communicate with individuals from
all over the world, and work in just about any country. ... It's also made importing, or bringing in
goods, and exporting, or sending out goods, increasingly cheaper, thus allowing for better
economic growth.