Activity Sheet ACTIVITY 2 Essay: Directions: According to what you have learned from the previous discussion, answer the following questions/statements in 3-5 sentences only. Write your answer on the space provided below. 1. What is economic Economic globalization: is the development of trade systems within transnational actors such as corporations or NGOs; Financial globalization: can be linked with the rise of a global financial system with international financial exchanges and monetary exchanges. 2. Who are the actors that facilitate economic globalization? International Economic and Financial Organisations. International Governmental Organisations (IGOs) Non-Governmental Organisations (NGOs) Trans-National Corporations (TNCs) 3. Explain globalization? the concept of Modern World System Theory. World Systems Theory, like dependency theory, suggests that wealthy countries benefit from other countries and exploit those countries' citizens. In contrast to dependency theory, however, this model recognizes the minimal benefits that are enjoyed by low status countries in the world system. 4. What is your stand about global economic integration? Is it an advantage/disadvantage for a country? It is an advantage because and its advantage fall into three categories: trade benefits, employment, and political cooperation. 5. What are Mobilization of economic and financial cooperation, including issues related to the transfer of resources. And also, takes an opportunity to promote international monetary co-operation through a permanent institution. 6. Discuss the main functions of international financial institutions? briefly the history of global market integration in the twentieth century. Large-scale globalization began in the 1820s, and in the late 19th century and early 20th century drove a rapid expansion in the connectivity of the world's economies and cultures. 7. What are the attributes of global corporations? Continued growth Right Skills Good quality product Very high assets and turnover Scoring Rubric for Essay: LEVEL Outstanding DESCRIPTION Well written and very organized. Excellent grammar mechanics. Clear and concise statements. Excellent effort and presentation with detail. Demonstrates a thorough understanding of the topic. Value: 5 points Good Writes fairly clear. Good grammar mechanics. Good presentation and organization. Sufficient effort and detail. Value: 4 points Fair Minimal effort. Minimal grammar mechanics. Fair presentation. Few supporting details. Value: 3 points Poor Somewhat unclear. Shows little effort. Poor grammar mechanics. Confusing and choppy, incomplete sentences. No organization of thoughts. Value: 2 points Very Poor Value: 1 point Lacking effort. Very poor grammar mechanics. Very unclear. Does not address topic. Limited attempt.
