Datusimban Akissah P. The Contemporary World BS Accountancy 2-A Mr. Kim Harold Marjolino Engaging Activity Activity: My Definition of Globalization What is globalization to you? Write your definition of globalization in the box below. Globalization describes the growing interdependence of the world's economies, cultures, and populations. Speedup of movements and exchanges of human beings, goods, and services, capital, technologies or cultural practices. It can refer to a number of different areas of concentration. It reduces inflation rates and increases the take home pay of workers because the cost of consumption is lower. Performance Tasks Activity: From Local to Global Brands, We've Got Them All At Home! Globalization has reached the home of almost all Filipinos in this day and age. Take an inventory of local and global products inside your house. List ten (10) items in your household examples are appliances, gadgets, articles, etc. Write the items in the table provided below. Specify also the country of origin of your foreign-brand stuff. After completing your list, answer the following questions and write your answer for each item in the space provided: Item/s Product Label/s Country of Origin 1. Cellphone Oppo China 2. Laptop Acer Taiwan 3. Make-Up Careline Australia 4. Shoes Converse North America 5. Electric Fan Camel Philippines 6. Clothes Uniqlo Japan 7. Books Cost Accounting Philippines 8. Cabinet Orocan Philippines 9. Watch Seiko Japan 10. Bags Miniso Japan A. What kind of local products are available in your community? How about global-brand items? Some of our appliances, vehicles and clothing is made from the Philippines and some is made from other countries. When it comes to food products like chips, frozen foods and etc. some of it is made from the Philippines and some of it is also made form other countries. B. Why are there locally made and internationally made products made in the Philippines? Filipinos are known to be hardworking and very thorough in their work which is why many international companies build factories and assembly plants in the country. This boosts employment and also Filipino pride that there are products out there that have the label, Made in the Philippines. C. How globalized is your home? Globalization begins at home, through communication, knowledge and the ability to interact with your family members. And by the means of technology you can easily can trade even in you are just laying in your bed. Buying things for you house that is made from different countries. D. What do you think about globalization? Can we avoid it? If each and every one of us thought there is no need to globalize reallocate activities across the nation, or continent, or whole world, import foreign goods, learn of other cultures and languages, integrate own culture and life with new imported features and etc., no globalization would take place and each and every town on earth would have remaind a closed entity. E. Can you explain the following quote: "we can't undo globalization, but we can improve it"? You can't go forward by going backward. Global flows of trade and investment add economic value, and dismantling systems that rely on globalization would reduce prosperity. F. What is your realization after doing this activity? Without globalization, the would be a closed system. A closed system meaning we would not know what was going on in other countries. This also means no sharing of inventions and discoveries. Overall, there would not be any categorization of rich and poor countries.