Manayan, Alyssa Joy M.

BSMLS 2-Y2-7
CREATING
A. SMALL GROUP DISCUSSION
Guide Questions:

1. Why is the study of globalization termed, historical globalization?

− Although the term "globalization" is typically used to describe contemporary economic activities, it has a
long history. The Age of Exploration, when explorers and colonists like Christopher Columbus integrated
North and South America into the global economy, is arguably the best example of historical globalization.
2. Explain the roles of international financial institutions in the creation of a global economy.

− They have a significant impact on the social and economic advancement of developing nations. This
involves offering guidance, providing funds for, and supporting development initiatives aimed at lowering the
world's poverty rate and raising standards of life. encourage the development of social, institutional, and
economic sustainability.
3. What are the attributes of global corporations?

− A global corporation is an organization that uses a decentralized decision-making process and has
headquarters spread throughout numerous nations. Due to globalization, the market borders between one
nation and other nations have vanished, necessitating the employment of the global commercial
participation system.

4. Do global corporations do good or harm? Cite examples.

− The advantages include expanding the business risk, gaining access to a new client base, building brand
equity, and hiring fresh personnel. Speaking a different language, dealing with logistics, and adhering to
foreign laws and regulations are some threats.

B. Journal Writing: Write your short reflection or insights from the topic discussed.

− I’ve learned that governments, businesses, and individuals can all actively participate in and support market
integration by tearing down barriers, harmonizing regulations, and investing in infrastructure. Market
integration offers a transformative opportunity to unlock global potential, drive economic growth, and
enhance competitiveness.
C. Venn Diagram: Complete the graphic organizer below by supplying the differences and
similarities of the identified global corporations.

TRANSITIONAL MULTINATIONAL
A multinational corporation is one that
A multinational corporation (MNC) is a
operates freely, unhindered by centralized
company that has business operations in at
systems, across national borders. These
least one country other than its home
companies primarily care about growing
country. By some definitions, it also
their businesses and bear little
generates at least 25% of its revenue outside
responsibility for the nation.
of its home country.

INTERNATIONAL
An international company is a company
that is based in one country, generally
called the home country of the company,
where it imports and exports to the
international markets.

FILM VIEWING
Watch the film, The Corporation directed by Mark Achbar and Jennifer Abbot. Write a film review or
reaction paper with the aid of the guide questions. Properly cite references when you use facts and
opinions that support your claims.

Power and money can build a firm so swiftly in a couple of days that it astounds me. It was concerning,
though, because a lot of entrepreneurs put a lot of money into their businesses and only end up with meager profits.
The main idea of the movie is that people will do whatever it takes to get money, regardless of what happens to other
people or the environment. Renowned character performers Rob Beckwermert, Christopher Gora, and Nina Jones
are among them. Diana Wilson, Karen Lam, Bert Philipps, Sean Lang, and Richard Kopycinski. The film's strength is
in the way it gave numerous CEOs a platform to share their perspectives and experiences in business without
becoming overly intimate. On the other hand, I think the movie was made primarily for the advantage of stockholders
rather than the broader public, which is why it had shortcomings like being self-interested. It also illustrated how
businesses operate and how people are willing to break the law in order to achieve their goals without feeling bad
about it. My parting advice to the viewers of the movie is to try their hardest to take in and apply every lesson that
each performance conveys. I will suggest the movie, especially to people in the business sector, as it could aid in the
expansion of their own businesses.