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  • GEEd3 (2nd)

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    Lester Valdez Pascua
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    The document discusses various topics related to globalization and the global economy. It begins by defining the global economy as the worldwide economic system involving the international exchange of goods and services. It then contrasts protectionism, which uses trade barriers to protect domestic economies, with trade liberalization, which reduces barriers to make trade easier. Specific trade barriers like tariffs are explained. The document also discusses ways to facilitate trade, including free trade and outsourcing. It provides an example of how tariffs work and notes the Philippines engaged in trade liberalization in the 1980s. Finally, it poses a statement arguing that free trade has done more harm than good.

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    The document discusses various topics related to globalization and the global economy. It begins by defining the global economy as the worldwide economic system involving the international exchange of goods and services. It then contrasts protectionism, which uses trade barriers to protect domestic economies, with trade liberalization, which reduces barriers to make trade easier. Specific trade barriers like tariffs are explained. The document also discusses ways to facilitate trade, including free trade and outsourcing. It provides an example of how tariffs work and notes the Philippines engaged in trade liberalization in the 1980s. Finally, it poses a statement arguing that free trade has done more harm than good.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    16 views21 pages

    GEEd3 (2nd)

    Uploaded by

    Lester Valdez Pascua
    The document discusses various topics related to globalization and the global economy. It begins by defining the global economy as the worldwide economic system involving the international exchange of goods and services. It then contrasts protectionism, which uses trade barriers to protect domestic economies, with trade liberalization, which reduces barriers to make trade easier. Specific trade barriers like tariffs are explained. The document also discusses ways to facilitate trade, including free trade and outsourcing. It provides an example of how tariffs work and notes the Philippines engaged in trade liberalization in the 1980s. Finally, it poses a statement arguing that free trade has done more harm than good.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 21

    GEEd3/GE5:

    The
    Contemporary
    World
    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome
    The
    Structures
    of Globalization
    1. The Global Economy

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    1. What do I see?
    2. What do I think?
    3. What do I wonder?

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    What do I see?

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    What do I think?

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    What do I wonder?

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    The Global Economy

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    Global Economy
    The GLOBAL ECONOMY is the WORLD
    ECONOMY or the WORLDWIDE
    ECONOMY.
    • Global economy refers to the international
    exchange of goods and services that is
    expressed in monetary units of money.

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    Global Economy
    The GLOBAL ECONOMY is the WORLD
    ECONOMY or the WORLDWIDE
    ECONOMY.
    • Global economy refers to the international
    exchange of goods and services that is
    expressed in monetary units of money.

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    Protectionism Trade Liberalization
    • Protecting one’s economy • Reducing trade barriers to
    from foreign competition make international trade
    by creating trade barriers. easier between two
    countries.

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    Protectionism Trade Barrier
    • Protecting one’s economy Tarrif- Required fees on
    from foreign competition by imports or exports of goods.
    creating trade barriers. Country A

    Country B

    #IwillOvercome
    Trade Liberalization
    • Promotes free trade,
    which allows countries to
    trade goods without
    regulatory barriers or
    their associated costs. 
    Country A

    Country B

    #IwillOvercome
    Protectionism or
    Trade Liberalization?
    The Philippine trade liberalization
    program began in 1981 and reduced
    industrial protection administered
    through high tariffs and import
    regulations. Tariffs were thus lowered
    and a good number of imports were
    liberalized.
    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome
    VARIOUS WAYS TO MAKE TRADE
    EASIER

    1. Free trade
    2. Outsourcing
    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome
    VARIOUS WAYS TO MAKE TRADE EASIER
    1. Free trade- trading of goods and services between
    two or more countries without tariffs or taxes.

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    VARIOUS WAYS TO MAKE TRADE EASIER

    1. Outsourcing- Manufacturing
    jobs transfer from developed
    nations to developing nations
    reduce the cost of products.
    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome
    Country A Country B

    Tariff of 10
    pesos on
    imported corn

    #IwillOvercome
    Country A

    Country B

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    “That global free trade
    has done more harm
    than good.”

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome


    Create an essay regarding
    the good or bad impact of
    the Covid-19 pandemic on
    our economy.
    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome
    5
    Level Description: Outstanding
    Well written and very organized.
    Excellent grammar mechanics.
    Clear and concise statements. Excellent effort and presentation with detail.
    Demonstrates a thorough understanding of the topic.

    4
    Level Description: Good
    Writes fairly clear.
    Good grammar mechanics.
    Good presentation and organization.
    Sufficient effort and detail.

    3
    Level Description: Fair Minimal effort
    Minimal grammar mechanics.
    Fair presentation.
    Few supporting details

    2
    Level Description: Poor
    Somewhat unclear.
    Shows little effort.
    Poor grammar mechanics.
    Confusing and choppy, incomplete sentences.
    No organization of thoughts.

    1
    Level Description Very Poor
    Lacking effort.
    Very poor grammar mechanics.
    Very unclear.
    Does not address topic.
    Limited attempt.

    OUR LADY OF THE SACRED HEART COLLEGE OF GUIMBA, INC #IwillOvercome

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