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The Contemporary World Learning Task 1 - Verzosa

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14 views2 pages

The Contemporary World Learning Task 1 - Verzosa

Uploaded by

Izy Verzosa
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Name: Joy Verzosa Date: September 5, 2022

Year Section: 1st Year, BSA – CABA

THE CONTEMPORARY WORLD

Learning Task 1

As part of the growing globalization and connection one countries to another here are some mind
conditioning questioning about the Contemporary World.

1. Why globalization is very important in 21st Century? Cite an instance.


- Globalization is an international interchange of ideas, information, technology,
culture, products, services and businesses. Globalization is the free movement
of goods, services and people across the world in a seamless and integrated
manner. Globalization can be thought of to be the result of the opening up of the
global economy and the concomitant increase in trade between nations. In
other words, when countries that were hitherto closed to trade and foreign
investment open up their economies and go global, the result is increasing
interconnectedness and integration of the economies of the world. Further,
globalization can also mean that countries liberalize their import protocols and
welcome foreign investment into sectors that are the mainstays of its economy.
What this means is that countries become magnets for attracting global capital
by opening up their economies to multinational corporations. Further,
globalization also means that countries liberalize their visa rules and procedures
so as to permit the free flow of people from country to country. Moreover,
globalization results in freeing up the unproductive sectors to investment and
the productive sectors to export-related activities resulting in a win-win situation
for the economies of the world.

2. Most of the society nowadays relies on technology. What are the advantages and
disadvantages of technology in achieving sustainable development of every country?
ADVANTAGES
- have access to clean water (through water purification, efficiency, delivery, and
sanitation technologies);
- have access to energy that is clean, affordable, and sustainable (e.g., through
energy-efficient technologies and technologies that use alternative sources of
energy);
- live in a less toxic environment (e.g., by putting in place alternative agricultural
and industrial technologies that reduce the quantity and toxicity of the raw
materials and processes, as well as treatment techniques);
-
live in a more stable environment by mitigating the effects of climate change
(e.g., more energy-efficient processes and emissions control) and adapting to
climate change (e.g., using GIS to assist in land use planning);
- and are able to more effectively and efficiently manage natural resources;
- have effective environmental governance regimes (e.g., in monitoring
compliance and enforcement, providing public access to information, building
capacity, and raising public awareness)
DISADVANTAGES
- High implementation costs
- Technical issues
- Implementation will take many years
- High product costs
- Lack of knowledge of the general public
- Some companies may go out of business
- Job losses
- Sophisticated regulatory framework needed
- High R&D costs

3. How does the pandemic affect globalization in the world?


- Globalization aims to invest in an economic grow of every country worldwide in
a way of trading. But, globalization also has its downsides that will affect every
countries economy and its people. These downsides have seen during the
pandemic. Due to Covid-19, many countries have been affected especially their
economy. Many businesses have been closed and many people lost their jobs.
And also, many people around the world lose their lives. Because of lockdown,
some country stopped globalization that leads to shortage of goods, closing
companies, unemployment that affects other countries. But despite of these
downsides, the pandemic has also opens it to new era of globalization where
online services become so popular. This new era of globalization opens a new
opportunity to the world. Many companies implements to work from home
system that gives an employment. Schools started to continue with the help of
online platforms, producing new professionals and skills workers that will help to
their economy. Pandemic changes our idea about globalization and we learned
that in globalization, we must expect the unexpected.

4. Discuss the cause and effects of covid-19 pandemic in the Philippine Globalization for
sustainable economic development.
- Due to Covid-19 pandemic that causes lockdown and the risk of spreading the
disease, the manufacturing of essential goods has slowed down. The supply of
chain of products has been disrupted and national and international businesses
face losses. The cash flow in the market is poor, slowing down the revenue
growth in the economy.

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