Let me ask you some questions. What do you think is the reason why there are McDonald's outlet in virtually every Philippine city and at the same time, there are now Jollibee branches too in some big cities around the world where there are many Filipinos? Why do many Filipinos prefer Hershey's over Goya (formerly a Filipino-owned chocolate firm which has been recently acquired by a Swiss firm)? Why do Koreans in the Philippines order Filipino dishes like adobo and sisig in the myriad of resorts in Boracay Island, Aklan Province? Or why Philippine bananas are now imported from Thailand? The answer to these questions is because of globalization.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
1/1
What do you know about
globalization? Using the
thinking map below,
connect words that you
can associate to this
concept?
[Your expression must be based on your own prior
knowledge...]
Transcribed Image Text:Question 1/1 What do you know about globalization? Using the thinking map below, connect words that you can associate to this concept? [Your expression must be based on your own prior knowledge...]
Let me ask you some questions. What do you think is
the reason why there are McDonald's outlet in
virtually every Philippine city and at the same time,
there are now Jollibee branches too in some big cities
around the world where there are many Filipinos?
Why do many Filipinos prefer Hershey's over Goya
(formerly a Filipino-owned chocolate firm which has
been recently acquired by a Swiss firm)? Why do
Koreans in the Philippines order Filipino dishes like
adobo and sisig in the myriad of resorts in Boracay
Island, Aklan Province? Or why Philippine bananas
are now imported from Thailand?
The answer to these
questions is because of
globalization.
Transcribed Image Text:Let me ask you some questions. What do you think is the reason why there are McDonald's outlet in virtually every Philippine city and at the same time, there are now Jollibee branches too in some big cities around the world where there are many Filipinos? Why do many Filipinos prefer Hershey's over Goya (formerly a Filipino-owned chocolate firm which has been recently acquired by a Swiss firm)? Why do Koreans in the Philippines order Filipino dishes like adobo and sisig in the myriad of resorts in Boracay Island, Aklan Province? Or why Philippine bananas are now imported from Thailand? The answer to these questions is because of globalization.
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