Metacognitive Reading Report 3

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Metacognitive Reading Report # 3

Name: Ilagan, Kim John A. Date: 21/08/2018

The Contemporary World

GENERAL INSTRUCTIONS
      
BEFORE
DO NOT
COMPLETING
PLAGIARIZE!
THIS REVIEW
RESPOND TO
ASSESSMENT, PLEASE MAKE YOUR
FOLLOW THE THE ANSWER PLAGIARISM
PLEASE READ YOUR WORK
INSTRUCTIO REQUIREMEN IN ESSAY IS A MAJOR
ALL OF THE HANDWRITIN BEFORE
NS. TS OF THE FORM. OFFENSE
INSTRUCTIONS G LEGIBLE. SUBMITTI
TASK. THAT LEADS
THOROUGHLY NG IT.
TO
AND
EXPULSION.
CAREFULLY.

Integration Processes in the Global Economy


Title of the Article

1. Difficult Concepts (What concepts did you find difficult to understand?)


i. Four Freedoms
ii. Economic, monetary, and custom union
iii. Foreign Direct Investment Flow
iv. Two-speed integration process
v. Pyramid of integration groupings

2. Insights (What new insights or learning did you gain in discussion/ activity?)

i. Before reading the article/understanding the lesson, I thought that there is no tariff in the
integration process. However, reading the article/understanding the lesson, I now
think/realize that the tariff is used to restrict different imports by increasing its value to make
them less engaging to others.

ii. Before reading the article/understanding the lesson, I thought that third-world countries can’t
join an organization of wealthy counties. However, reading the article/understanding the
lesson, I now think/realize that it’s not all about the economic status, it’s about the benefits of
one another and their ability to stand up to consequences.

iii. Before reading the article/understanding the lesson, I thought that imports from other country
are fine because of their quality products. However, reading the article/understanding the
lesson, I now think/realize that too many foreign products beat up local trade, such as small
farmers of agriculture. A country shouldn’t depend on another country; one’s growth starts
within.

3. Questions (What questions would you want answers for? Or vague areas you want more
explanations about?
i. When did the global financial crisis happen?
ii. How is that the free trade areas constitute the base of the pyramid and economic and
monetary union as the peak?
iii. When did Europe begin to call as a “fortress Europe”?

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