Act 4-8

Activity 4
“The Structure of Globalization”
Name: Shane Aileen C. Angeles Year and Section: _____________
Direction(s): Answer the following question comprehensively.

1. Discuss the implication of the spread of capitalization in the global economy.
2. Describe the outlook of the global economy in 2018
3. Discuss the leaders of national economies (US,China, Japan, Germany, France, Korea,
Russia, etc.)
Answers:
1. For the past generation, an important economic story has been the ascendance of the
emerging global middle class. Improved economic prospects for millions of people
across the globe continue to generate a new wave of consumers and business growth.
Additionally, established companies in the U.S. and overseas are capitalizing on the
burgeoning numbers of consumers and businesses. This rapid growth may create the
potential for attractive investment opportunities in other markets.
2. After strong growth in 2017 and early 2018, global economic activity slowed notably in
the second half of last year, reflecting a confluence of factors affecting major economies.
Global growth is now projected to slow from 3.6 percent in 2018 to 3.3 percent in 2019,
before returning to 3.6 percent in 2020.
3. The Group of Seven (G-7) is a forum of the seven countries with the world's largest
developed economies—France, Germany, Italy, Japan, the United States, the United
Kingdom, and Canada—whose government leaders meet annually on international
economic and monetary issues.
 Canada - Prime Minister Justin Trudeau

 France - President Emmanuel Macron
 Germany - Chancellor Angela Merkel
 Italy - Prime Minister Giuseppe Conte
 Japan - Prime Minister Shinzo Abe
 United Kingdom - Prime Minister Boris Johnson
 United States (2020 host) - President Donald Trump
Activity 5
Name: Shane Aileen C. Angeles
Direction(s): Write 200 word essay on the topic “Market Integration: The Asian Perspectives.”
Financial integration is a multidimensional process through which allocation of financial

assets becomes increasingly borderless. The degree to which emerging Asia domestic capital
markets are integrated with regional and global markets has important implications for
policymaking as it relates to the financial sector development in general, and regulatory
supervision of the financial system in particular. Further, this is true both at the regional level
and the level of the individual economy. Financial integration both at the regional and global
level holds the potential for increasing the efficiency with which international financial resources
are allocated, as well as risk sharing across international boundaries, and smoothing of the
consumption stream. However, it likewise holds the potential for raising the risk of exposure to
the negative impacts of externally generated financial crises. Maximizing the potential net
benefits of financial integration requires addressing such risks by appropriate policymaking and
regulatory supervision.
Ensuring financial stability while at the same time furthering capital market development
and financial integration requires that policy-making addresses several key issues. First, at the
level of the individual economy, sound macroeconomic management and prudential regulation
are critical to maintaining investor confidence. Second, increasing allocative efficiency as it
pertains to financial resources and improving the resiliency of the region's domestic financial
systems requires that the achievement of deep and liquid domestic capital markets remains a
long-term overall goal at the regional level.
Activity 6
Direction(s): Write0 150 word essay in the form of a position paper on the issue of “The Global
Interstate System”.
It is the whole system of human interactions. The modern world-system is structured

politically as an interstate system of competing and allying states. Political Scientists commonly
call this the international system, and it is the main focus of the field of International Relations.
Its strengths is, it will make travel less cheap, faster and better. While it’s weaknesses is imposed
long-term costs on the country. For instance, cut down on competition between shippers and
passenger carriers and rising consumption of gasoline led to air pollution and a dependence on
oil that affected consumers and foreign policy for generations to come. Trade agreements are
when two or more nations agree on the terms of trade between them. They determine the tariffs
and duties that countries impose on imports and exports. All trade agreements affect international
trade.
Activity 7
Direction(s): Read the lecture on Global Economy and answer the following questions:
1. Write an assessment on the present state of global economy.

4. Discuss the outlook of the global economy in 2018.
Answers:
1. This time is different. The virus and society’s responses to it are hitting economies across
the world almost simultaneously, and all countries are suffering both a demand and a
supply shock … In other words, the Great Recession was one shock, albeit to a large
country (the US); in contrast, the COVID-19 is a demand-cum-supply shock to all the
countries gripped by the virus: China, East Asia, the United States, Western Europe, and
the Middle East. …. Even if the containment measures are restricted to say two quarters,
it is likely that annual global GDP growth will be negative for perhaps the first time in
decades.
2. After strong growth in 2017 and early 2018, global economic activity slowed notably in
the second half of last year, reflecting a confluence of factors affecting major economies.
Global growth is now projected to slow from 3.6 percent in 2018 to 3.3 percent in 2019,
before returning to 3.6 percent in 2020.
Activity 8
Direction(s): Write a 200 word essay on the topic “Global Interstate System: A Critical
Analysis.”
From the perspective of world-systems analysis, the inter-state structure of the modern
world-system (conventionally the principal subject matter for students of international relations)
is merely one institutional structure or plane of analysis among a number that altogether make up
the integrated framework of the modern world-system. This world system, like all world-
systems, is an historical system governed by a singular logic and set of rules within and through
which persons and groups struggle with each other in pursuit of their interests and in accord with
their values. Pertinent analysis of geopolitics, in this perspective, can only be done within the
context of the functioning of the modern world system as a whole and in the light of its particular
historical trajectory.
The modern world-system is not the only world-system that has existed. There were
many others. It is, however, the first one that was organized and able to consolidate itself as a
capitalist world-economy. Although initially formed primarily in (part of) Europe, its inner logic
propelled it to seek the expansion of its outer boundaries. Over some four centuries, it proved
durable and strong enough to be capable repeatedly of incorporating new areas and peoples
within its division of labor until, by the late nineteenth century, its organization or integrated
labor processes effectively covered the entire globe, the first world-system in history to achieve
this.

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Activity 4

“The Structure of Globalization”

Name: Shane Aileen C. Angeles Year and Section: _____________

Direction(s): Answer the following question comprehensively.

 Canada - Prime Minister Justin Trudeau

Name: Shane Aileen C. Angeles

Financial integration is a multidimensional process through which allocation of financial

Name: Shane Aileen C. Angeles

It is the whole system of human interactions. The modern world-system is structured

Name: Shane Aileen C. Angeles

1. Write an assessment on the present state of global economy.

Name: Shane Aileen C. Angeles

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