Suarez, Kenneth Bryan

Bachelor of Secondary Education – I – Values Education

Chapter 3: Market Integration

Semi-final

Process Questions

1. What are the effects of the information revolution in today's global market?
Answer:
Knowledge can now be distributed in real-time as a result of developments in information
technology, ensuring that there are no gaps in global delivery. People anywhere should
have instant access to this knowledge as developments unfold across the world, allowing
them to respond in different ways.

2. What are the effects of multinational corporations in the Philippine economy?

Answer:
I believe that multinational companies have a positive impact on the Philippine economy
in general. Most importantly, they create opportunities, which is critical in a developed
world with a high unemployment rate. Second, they provide staff with training and
management skills.

3. Analyze socialism and capitalism in relation with the Philippine society. Which of these
economic systems would work in our country?
Answer:
Socialism is an example of a command economy. The majority of the factors of
development, including land and capital goods, are owned and controlled by the
government. The government frequently participates in central planning. The state
controls the production of goods and services, as well as their costs and delivery.
 Activity: Weighing the Market

The history of the global market brought positive and negative effects through time. At
this point, markets will be assessed through your own perspective provided that you already had
a good grasp of the different concepts in economic and financial globalization. This activity will
help you understand the benefits and harms of global economic processes, structures, and
technologies.

1. Listed below are the scenarios that have to do with the economy. In pairs, discuss the major
impacts of these scenarios whether they are positive or negative (for you, for the country, or the
Filipinos). The "Case-by-Case" column can be used. Justify your answers.

Scenario Positive Negative Case-by-Case

Scenario A By doing this, the Realistically, the Ultimately, since the
government is majority of the labor economy will grow
potentially doing force in the due to potential
more to improve the agricultural sector global companies
local economies. includes manual involved in
Replacing the labor. A lot of expanding their
agricultural sector to workers, particularly company in our
the real state industry provincial workers, province, the
is a significant move, have been used to government will get
as it will inevitably working as farmers, the most benefit.
enable other fishers, and farm
businesses to expand workers, and have not
As property, had the benefit of
buildings, and proper schooling, so
housing increase in they would not do
the city. There will be well with jobs
plenty of prospects requiring
for both white color comprehensive
and blue workers. knowledge of
management and
sales. It would also
have a major effect
on the climate as it
would kill vital
natural resources for
a nation's survival.
Scenario B You can purchase range of options to Since online
items like shirts that pick from, more shopping is cheaper
are not available in affordable and and has a lot of
the local shops when simple, saving time choices, it saves time
doing this. There are and energy, as well. and resources, but
 a range of options to certain. If the product there is also a risk of
pick from, more has issues, the refund being scammed and
affordable and can be very the product can also
simple, saving time complicated, because, have problems.
and energy, as well. in the route of
distribution, the
product or parcel may
be placed.
Scenario C It is potentially the The country's profits A temporary solution
only temporary will be significantly to a volatile problem
response to the global diminished, with would be allowed by
crisis. When local producers this step. However, if
production costs are missing market we look at the long
reduced, rice prices orders. run, it is not a good
would cost less. It Unemployment solution to bring an
would also improve would be on the end to the crisis. If
the relationship verge of increasing the import of rice
between our country and, to the detriment persists without
and the neighboring of Filipino producers, adequate controls, the
nations in the trade imports of rice will local economy will
market. clash with local inevitably suffer.
produce.
Scenario D My father's pay will The other workers And if one of our
improve if he accepts will feel lost because family members has
the offer and his they just lost their to go overseas to
coworkers agree to jobs and thinking work and send money
allow him to fly about how they will to purchase our
abroad. feed their family. necessities, we must
still understand the
best interests of the
family.
Scenario E Her funds are being However, her And if her finances
used to assist others. finances have were depleted, she
decreased, which has was able to assist
an impact on her those in distress, and
because she may who knows, your
have a plan to use relatives may be one
that money. of them.

Scenario A: Agriculture is the main source of employment in your home province. Thé
government has recently decided to develop the farmlands into real estate and exclusive
subdivisions in order to attract foreign investors to the country.

Scenario B: You decided to purchase a new shirt through an online shop based in London.
Scenario C: The Philippine government is being pressured by 'the current economic crisis to
import rice from Taiwan and. other nearby countries in the region.

Scenario D: A multinational corporation decided to close. Unfortunately, your father is one of

its many employees whose work has been terminated. However, he could still be employed if he
were to accept the offer to move or relocate to another country.

Scenario E: The global financial crisis has affected the investment funds of your mother that she
can use for her retirement.

2. How did you decide for each scenario? What are the pros and cons that you list down before
you came up with the final judgment? Share with the class your responses to each scenario.

Scenario A.

PROS CONS
 It can generate anything from a modest to  To get the most out of your farmland, it is
a sizable income, depending on the type essential that you have the business insight
and success of your business. to be able to maintain the value of the site
and ideally, turn a reasonable profit.
However, since farmland is a specialist
type of land, plenty of knowledge and
understanding is needed before purchasing
it.
 Tax exemption is a definite perk of  People encroaching on your land is a
becoming the proud owner of a few acres somewhat frequent problem across
(or more!) of farmland. Income generated farmland in the United States Unless you
from land cannot be subjected to wealth are lucky enough to live close by, you may
tax, a type of tax that is sometimes levied need to take proactive steps to protect your
on incomes created from property land from encroachers
ownership.
 If you have plenty of space on your land,  If you intend on leasing land out to
you might even want to consider renting another farmer, the revenue that you enjoy
out land to other farmers for a share of will depend on the standard of the crops
their profits, a low-effort way to boost grown, something which can be affected
your income. by many, unavoidable external influences,
such as the weather, the soil type and
quality and the amount of water you
provide. These factors may also affect the
likelihood of you being able to rent your
land out, and the percentage of profit that
you will reap as a result.
Scenario B.

PROS CONS
 Less stressful than hitting the high street  You can’t try before you buy.
shops.
 There are no huge crowds of people or  When new clothes arrive, we found out
tediously long queues. they don’t fit very well. It’s always
annoying when a dress is a little too big,
or when sleeves are awkwardly short
...Sometimes, the clothes are not what we
were expecting.
 This is perfect for anyone with a busy  A piece of clothing might look great in
schedule. photos online, but quite different in real
life.

Scenario C.

PROS CONS
 If we open for importation, NFA will not  There is no provision in the law on the
have sole control over the amount of rice safeguards for small-scale farmers when
to be imported. their products compete with the influx of
imported rice products.
 This will minimize corruption.  There is no provision to organize rice
farmers or even reference of the bill to the
need to invest in organizing these farmers
so they can avail the services.
 Businesses will also less likely to hoard  If the equipment to be procured is already
under such circumstances stated. There is no room to allow the
farmers to identify what they need.

Scenario D.

PROS CONS
 Relocating can increase your number of  Relocating can be expensive. You may
job opportunities, especially if you move have a home to sell, but you'll still need a
to a city with a lower unemployment rate. place to live in your new city.
 You may have more opportunities in your  You may feel lonely because you left
career more in a bigger city. friends and family behind.
 Increase your chances of getting a
promotion at some point.
Scenario E.
PROS CONS
 We can have regulation to avoid  resulting in bankruptcy of business
mortgage products which have a high closure if she has
likelihood of default.
 Markets can get around regulation.  resulting of depression

Process Questions:

1. Analyze the "global" nature of multinational corporations.

Answer:
A multinational corporation (MNC) has facilities and other properties in more than one
region. A multinational corporation has offices and/or warehouses in several countries, as
well as a consolidated headquarters where corporate management is coordinated. These
corporations, also known as multinational, stateless, or transnational business bodies,
have budgets that are larger than many small countries.

2. Do you think the positive effects of multinational corporations outweigh the negative
effects? Why or why not?
Answer:
Yes, it's preferable if the positive outcomes outnumber the negative ones. An
international business is very important and beneficial to humans, so it must have several
good facets.

3. What do you think are the ways to lessen, if not eliminate, the negative consequences of
multinational corporations?
Answer:
Multinational corporations shall adhere to all legal requirements. For example, paying
taxes, completing business records, adhering to labor legislation, and other government
regulations are all required to operate a business in the Philippines or elsewhere. A
Multinational Corporation owned by a mother business headquartered in a specific
country must adhere to all of the country's conditions to prevent future negative effects
brought on by incompetence and failure to meet the state's requests. There are many
profitable multinational corporations as a result of their diligence and adherence to the
rules, while some overseas businesses have been shut down as a result of unlawful
activities.
 Activity: Film Viewing – The Corporation

The Corporation is an award-winning documentary film that examines the 0 modern-day

corporations. It assesses the corporation as a person and provides criticisms to corporate business
practices. It also describes the contemporary corporation with a clinically diagnosed psychopath.

This film will serve as a learning experience for you. Since corporations are large entities, this
documentary can help you appreciate the nature of these organizations through a simple and
more understandable manner.

The Corporation: Reaction Paper

The corporation is the most common form of business organization. A corporation can
own property, open a bank account, and do business all under the corporation’s name. A
corporation is managed by a group of people known as the board of directors. Their primary
responsibility is to make the major business decisions and oversee the general affairs of the
corporation. Corporations are a very important part of today’s society. They provide jobs,
benefits, and often a sense of security. But there are concerns people have with corporations.
Many feel that corporations have become so large that they have lost all sense of social
responsibility to the people. Opposers to this view feel that corporations are not the kind of thing
that can have social responsibilities, and that the primary responsibility of a corporate executive
is to the owners of the corporations, that the main purpose of a corporation is to make as much
money as possible. This documentary begins with an unusual detail that came from the 14th
Amendment: Under constitutional law, corporations are seen as individuals. So, filmmaker Mark
Achbar asks, what type of person would a corporation be? The evidence, according to such
political activists as Noam Chomsky and filmmaker Michael Moore and company heads like
carpet magnate Ray Anderson, points to a bad one, as the film aims to expose IBM's Nazi ties
and these large businesses' exploitation of human rights. As the documentary noted, corporations
have to engage in perception management and public relations. I think that, because corporations
have to maintain public confidence and a positive image of their brand to be able to have sales
and make a profit, they would have to do at least some things to show social responsibility and
environmental sustainability if the public knows about the consequences of the corporation’s
activities. I think this would have to be beyond lip-service to social responsibility and though the
corporations would continue causing harm to gain profit, they would also have to do a little bit of
good for public relations – especially if there are whistleblowers and organizations out there to
keep the public aware of what is going on. I also think that the people operating a corporation
can try to set some positive goals for the corporation, such that it may be profit-driven but also
have goals of achieving sustainability (like the example of the CEO of Interface in the
documentary). I understand that shareholders would just care about monetary value and profit,
but I think that having a positive image and meeting goals towards sustainability are linked to
profit if the consumer base shows that it will choose to buy products and services from socially
responsible corporations. I’m leaning towards thinking that the corporation is not inherently
psychopathic, but that its structure leads to bad consequences and that corporations can behave in
a good manner if their vision is altered or the consumer base demands it. If they are held
accountable for their actions and there is awareness of their actions, they will need to show that
they are doing some good or at least not behaving badly to maintain profit since that profit often
depends on the consumers’ choices and opinions. But, I’m not sure how this could be done
within the current way corporations are structured or whether this is too idealistic. I think the key
for this would be to have public awareness about the actions of corporations, and then the
corporations would have to cease behaving badly, behave not as badly, or do some good to
manage the public perception.From the film, it was stated that corporation means “business,
company, or business community.” Every corporation has one purpose, and that is to provide
value and profits to its shareholders while continuing to grow. As you'll see in The Corporation,
that is by law the growth strategy that every corporation must follow. By law, corporations must
put the profits of shareholders first and, in doing so, will necessarily export its problems to the
public at large. In the video, these are called "externalities," and corporations are machines that
will externalize the costs of their endeavors to society and the planet.One of the interesting things
about this is that the same is true of really any organization. It doesn't have to be a corporation.
Organizations created by the federal government–which is supposed to be created by the people–
really have no purpose other than to survive and grow and accumulate more power. We see the
same thing in various nonprofit organizations, as well. Many nonprofit disease organizations
have no other purpose but to survive, grow, make more money and have more influence.The film
argues that the corporation is today's dominant institution and that we should be troubled by its
behavior. The problem is not just that corporations are plundering our commonwealth, but that in
their unfettered pursuit of profit, they have also become a liability and a danger to our health and
the health of the planet. This argument, of course, isn't new, but what the filmmakers have done
successfully is to lay out the most compelling evidence in a fast-paced and stylish movie, with
bold graphics and a pounding soundtrack. The story is so well told that even the Economist, a
great believer in the benefits of the market, called the movie “a surprisingly rational and coherent
attack on capitalism's most important institution.”Our daily lives have come to be so dominated
by corporations that we can easily fail to notice it. Most goods, services, information and
entertainment now flow from huge multinationals. But what if this dominant player in our
existence is certifiably insane?The Corporation explores this disturbing possibility with a mix of
wit, opinion and hard facts. It takes us through the visible "personality traits" of these business
entities and shows us that corporations are psychopathic. The film points out that this is not an
aberrant state for corporations, but rather an inherent part of their nature. It even portrays high-
ranking business executives as people so caught up in the madness of the corporate world they
must act not from their own conscience, but rather from a bottom-line mentality of what is most
profitable.