Contemporary World

Midterm Examination

Name: __________________________________________ Date: ________________

I. TRUE or FALSE. (10 pts.)

Write TRUE is the statement is True, FALSE if otherwise. Write your answers on the space
provided before each number.

__________ 1. Globalization only affects the rich and developed countries.

__________ 2. Change is always uncertain.
__________ 3. Globalization is the same as modernization.
__________ 4. Competitiveness includes the plotting of fights and arguments with co-
workers and the boss.
__________ 5. Globalization is always good and positive.
__________ 6. Globalization is a process through which an increasingly flow of ideas,
people, goods and services, technology and capital leads to the integration of
economics and societies at a speed unprecedented in effect and outcomes.
__________ 7. Globalization can be measured.
__________ 8. There should be adjustment and aggressiveness to be competitive.
__________ 9. Globalization changes the way local cultures develop all around the
world.
__________ 10. Global market is a market that spans the entire world where goods,
services, capital and labor are freely traded.

II. ENUMERATION (20 pts.)

Give what is being asked.
1-3. Three (3) kinds of globalization.
1. ____________________
2. ____________________
3. ____________________
4-5. Two (2) elements of global market.
4. ____________________
5. ____________________
6-7. Two (2) strategies of global market.
6. ____________________
7. ____________________
8-10. Three (3) benefits in globalization of markets
8. ____________________
9. ____________________
 10. ____________________
11-13. The three (3) frames of global risks according to GRPS
11. ____________________
12. ____________________
13. ____________________
14-16. Three (3) risks that can be severe over a long period of time
14. ____________________
15. ____________________
16. ____________________
17-20. Four (4) elements of the state
17. ____________________
18. ____________________
19. ____________________
20. ____________________

III. ESSAY (20 pts.)

Give an significance of the following with globalization (3-5 sentences)
1. Proximity and Globalization
2. Location and Globalization
3. Attitude and Globalization
4. State and Globalization

IV. CURRENT EVENTS (10 pts.)

Identify what is being asked. Write your answers on the space provided before
each number.

_______________ 1. The country where President BBM had a state visit.

_______________ 2. A climate pattern that describes the unusual warming of surface waters
in the eastern Pacific Ocean. This can cause drought in different parts
of the world.
_______________ 3. For nos. 3 - 5: What are the three (3) Big Oil Companies in the
_______________ 4. Philippines?
_______________ 5.
_______________ 6. A Filipino pastor and church leader of the Philippines-based
Restorationist church called the Kingdom of Jesus Christ who is now
facing different criminal and administrative offenses both here and
abroad.
_______________ 7. For nos. 7-8: Identify these two countries that started war on the first
_______________ 8. week of October due to conflict that dates back to the end of the 19th
century and territorial disputes.
_______________ 9. The militant Islamist group that has controlled Gaza since 2006.
_______________ 10. The United Kingdom’s monarch since September 8, 2022. He has an
unspecified form of cancer and has begun “regular treatments.

prepared by:
Ana Christina M. dela Cruz, MA SEAS