GLOBALIZATION IN THE PHILIPPINE CONTEXT Instruction: Choose a pair from your class and answer the questions related to globalization in the table below. One of you should take the position of the globalist and one should take the position of an anti-globalist. Unlike the statements found on the discussion, the answers to each of these questions should be related to the effects of globalization in the Philippine context. Write in complete sentences. Globalist (Name of student) Anti-Globalist (Name of student) 1. Does globalization foster economic growth? 2. Is globalization good for the consumer? 3. Is globalization good for the working class? 4. Is globalization good for the environment? 5. Is globalization good for developing nations? 6. Does globalization promote human rights? 7. Does globalization foster the growth of democratic governments? 8. Does globalization improve the quality of life?

GLOBALIZATION IN THE PHILIPPINE CONTEXT Instruction: Choose a pair from your class and answer the questions related to globalization in the table below. One of you should take the position of the globalist and one should take the position of an anti-globalist. Unlike the statements found on the discussion, the answers to each of these questions should be related to the effects of globalization in the Philippine context. Write in complete sentences. Globalist (Name of student) Anti-Globalist (Name of student) 1. Does globalization foster economic growth? 2. Is globalization good for the consumer? 3. Is globalization good for the working class? 4. Is globalization good for the environment? 5. Is globalization good for developing nations? 6. Does globalization promote human rights? 7. Does globalization foster the growth of democratic governments? 8. Does globalization improve the quality of life?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In the picture below is the full question. The highlighted one is my guess which is wrong. Which of the following best describes Globalization? A)A shirt was made in Columbia but the cotton was grown in Mississippi and the fabric was made in Indonesia B)Trade and bartering C)Trade policies and trade barriers to protect domestic production D)A shirt made in Columbia, a cell phone made in China, and Wine imported from Italy(this one is wrong)
Apply the gravity model to India and China. Why has it taken so long for India and China to become serious trading partners? Think of 18th century trade patterns, importation of raw materials back to the UK from their colonies. Apply the gravity model to the UK in the year 2021. What countries are most important to the UK’s trade relationships?
Question 6: Controversies in Trade PolicyAfter the Seattle 1999 World Trade Organization Ministerial Conference fiasco, in thenext 2 years, large anti-globalization demonstrations rocked the InternationalMonetary Fund and Work Bank in Washington. What was the anti-globalizationmovement goal- and was it right? Explain you answer and where appropriate usefigures.
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This is not a writing assignment, this is a multiple-choice question Which of the below statements does NOT reflect the ideas of Trade and Globalization. In short, with which of the below statements would DISAGREE? Group of answer choices Productivity is what makes us rich. Specialization is what makes us productive. Protectionism saves jobs in the short run and slows down economic growth in the long run. It does not make economic sense for us to raise a cow and slaughter it for meat and thus not to have to pay the butcher, because raising a cow would take up time and resources that we can put to other better uses if we buy the meat from the butcher. Abraham Lincoln, whe advised to buy cheap iron rails from Britain to finish the transcontinental railroad, is supposed to have responded thus: "It seems to me that if we buy the rails from England, then we've got the rails and they've got the money. But if we build the rails here, we've got our rails and we've got our money."
8. A) What is globalization? How do we know it is occurring? B) What is the benefits/costs of globalization? C)With current conditions in the world what is happening with globalization? Support your answer.
Part 2 question: Imagine you are one of the few highly skilled workers in a less developed country. Your country has been increasingly participated in Global Value Chains (GVCs) in the past decades. Is your country’s increasing involvement in GVCs is a good thing for you? Explain why. [Note: assume that you are primarily concerned about your wages, and you have no intention to migrate to other countries].
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1. How have changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes? 2. If current trends continue, China may be the world's largest economy by 2030. Discuss the possible implications of such a development for (a) the world trading system, (b) the world monetary systems, (b) the world monetary system, (c) the business strategy of today's European and US-based global corporations, and (d) global commodity prices.