The Contemporary World (GEC WORLD) NAME: Francis Gerome Sanchez SUBJECT: GEC WORLD DATE: 01/29/2023 SCORE: Lesson 1-3: Introduction of Globalization ACTIVITY NO.1 (20PTS.) Instruction: The term Globalization is defined in the learning material provided. It can be defined broadly and inclusively or in a narrow and exclusive manner. The best metaphor to describe globalization is liquidity. We also had the working definition of globalization and the reasons for having globalization. After being equipped will all the things mentioned above. I want you to find/make an illustration that best describes the bad and good things of globalization. Kindly write a short description for both illustrations. (Illustration and description 10 points each) GOOD BAD Improved international relations Inadequate Market Knowledge Countries that have a positive trade relationship with each other, have an incentive not to get into conflict. On a global scale, this should reduce the likelihood of armed conflict between countries. Global expansion means understanding the market dynamics of each country of expansion. Without in-depth knowledge of that market, it can be difficult to know whether it is an appropriate target country for a product or service.
