L2 (part 2)

Question 1

Factors affecting the activities of an economic entity:

Answer 1

1. Social factors
2. Environmental Factors
3. Economic Factors

Question 2

labor resources, staff motivation, safety of the working process and decent working conditions, corporate culture are examples of?

Answer 2

Social Factors

Question 3

rational use of land, waste management, control over the use of water resources, carbon dioxide emissions are examples of?

Answer 3

Environmental factors

Question 4

organizational structure, economic and information security, quality of management and rational use of attracted resources, the use of new technologies are examples of?

Answer 4

Economic Factors

Question 5

Factors that Affect the Global Economy

Answer 5

1. Macroeconomic Policies
2. Trade and Globalization
3. Financial Markets and Institutions
4. Technology and Innovations
5. Demographics
6. Natural Resources and Environmental Factors

Question 6

is a complex system influence by
numerous factor

Answer 6

global economy

Question 7

implemented by governments and central banks have a profound effect on the global economy.

Answer 7

Macroeconomics policies

Question 8

includes stock exchanges, bond markets, and currency markets that play a crucial role in the global economy.

Answer 8

Financial Markets and Institutions

Question 9

plays a vital role in the global economy.

Answer 9

Trade and Globalization/International trade

Question 10

affect the flow of goods, services, and capital between countries.

Answer 10

Trade policies, tariffs, and trade agreements

Question 11

have the potential to transform economies and industries. Breakthroughs in areas like artificial intelligence, automation, biotechnology, and renewable energy can drive productivity growth, create new business opportunities, and reshape labor markets.

Answer 11

Technology and Innovations (Technological advancements and innovation)

Question 12

Population dynamics, including factors such as age structure, fertility rates, and migration, can have long term implications for the global economy.

Answer 12

Demographics

Question 13

Access to and management of natural resources including energy, minerals, water, and land, can significantly impact economic development and global trade. Environmental factors, such as climate change, natural disaster, and sustainability concerns, can affect industries, supply chains, and the cost of doing business.

Answer 13

Natural Resources and Environmental Factors

Question 14

The conflict between China and the Philippines, primarily centered around _______________________________________, has had notable implications for the global economy.

Answer 14

territorial disputes in the South China Sea

Question 15

(China and Philippines conflict) some of the key recent issues and their economic impacts:

Answer 15

1. Resource Control and Trade Routes
2. Economic Sanctions and Trade Tensions
3. Increased Military Spending

Question 16

• is a crucial maritime region, hosting significant shipping lanes that facilitate a substantial portion of global trade. Any conflict in this area can disrupt these trade routes, causing delays and increasing shipping costs.
• The region is also rich in natural resources, including fisheries and potential oil and gas reserves. Control over these resources is economically significant for the involved nations.

Answer 16

South china sea (economic impact: resource control and trade routes)

Question 17

Tensions between China and the Philippines, and by extension other ASEAN countries, can lead to _______________________________ . These can
impact global supply chains, particularly in
industries reliant on raw materials and components from these regions

Answer 17

economic sanctions or trade restrictions

Question 18

Tensions between China and the Philippines, and by extension other ASEAN countries, can lead to _______________________________ . These can
impact global supply chains, particularly in
industries reliant on raw materials and components from these regions

Answer 18

economic sanctions or trade restrictions

Question 19

The conflict has led to ___________________________________ by both China and the Philippines. While this can stimulate certain sectors of the economy, it often diverts funds from other critical areas such as infrastructure, education, and healthcare

Answer 19

increased military spending/expenditures

Question 20

is a longstanding geopolitical issue with significant implications for the global economy. This discussion explores the origins of the conflict, its current state, and the potential economic impacts of escalating tensions between China and Taiwan.

Answer 20

The China-Taiwan conflict

Question 21

The China-Taiwan conflict dates back to the ________________________, which ended with the ______________________________________ on the mainland and the retreat of the _____________ to Taiwan.

Answer 21

Chinese Civil War (1927-1949)

victory of the Communist Party of China (CPC)

Kuomintang (KMT)

Question 22

claims sovereignty over Taiwan, while Taiwan operates as a separate political entity with its own government and democratic system.

Answer 22

The People’s Republic of China (PRC)

Question 23

makes the world’s most advanced memory chips — the brains inside every piece of technology from smartphones and modern cars to artificial intelligence and
fighter jets.

Answer 23

Taiwan

Question 24

(what global supply chain)
Taiwan is home to TSMC (Taiwan Semiconductor Manufacturing Company), the world’s largest contract chip manufacturer. Disruption in Taiwan could severely impact global semiconductor supply chains, affecting industries from electronics to automotive.

Answer 24

Semiconductors

Question 25

(what global supply chain + guess the blank) The __________? is a crucial shipping route. Conflict could disrupt maritime traffic, affecting global trade

Answer 25

Trade Routes Taiwan Strait

Question 26

is a complex geopolitical crisis that has significant implications for global security, economy, and international relations. The conflict, which escalated dramatically in 2022, has its roots in historical, political, and cultural tensions between the two countries.

Answer 26

The Russia-Ukraine conflict

Question 27

- Ukraine was part of the Soviet Union until its dissolution in 1991, after which Ukraine declared independence. - Post-independence, Ukraine sought to establish itself as a sovereign state, balancing relations with both Russia and the Western world.

Answer 27

(Russia-Ukraine conflict) Soviet Era and Independence

Question 28

- Global economic disruptions, including spikes in energy and food prices, as both Russia and Ukraine are major exporters of oil, gas, and agricultural products. - Sanctions on Russia have affected global markets and economies, leading to inflation and supply chain challenge

Answer 28

(Russia-Ukraine conflict) Economic Impact

Question 29

Effects of the Pandemic on the Global Economy:

Answer 29

1. Global Recession 2. Unemployment 3. Supply Chain Disruption

Question 30

(During Pandemic) Global Recession:

Answer 30

1. The COVID-19 pandemic led to a significant global recession, with many economies experiencing negative growth rates. 2. Lockdowns and restrictions severely impacted industries such as travel, tourism, hospitality, and retail.

Question 31

(during pandemic) Unemployment:

Answer 31

3. Unemployment rates surged globally as businesses shut down or reduced operations. 4. Many workers faced furloughs, layoffs, or reduced hours, leading to financial instability.

Question 32

(during pandemic) Supply Chain Disruptions:

Answer 32

5. The pandemic disrupted global supply chains, causing shortages of goods and raw materials. 6. Manufacturing industries faced delays and increased costs due to these disruptions.

Question 33

has been a significant driver of economic activity in the Philippines

Answer 33

International trade

Question 34

strong trade links with major global partners, particularly in the Asia-Pacific region---- ??????

Answer 34

electronic products, machinery, garments, and agricultural commodities.

Question 35

Exports benefit from a _______________________________________________________________________________, which contribute significantly to its foreign exchange earnings.

Answer 35

vibrant services sector, including business process outsourcing (BPO) and remittances from overseas Filipino workers

Question 36

It is important to note that economic globalization goes _________________________________ ?

Answer 36

beyond internationalization

Question 37

What involves the integration of functions and processes of economic activities ( Dicken, 2004). This means that ________________________ requires not just having an international consumer or exporting goods from one country to another, but also involves creating institutions for market integration and globalization

Answer 37

Economic globalization economic integration

Question 38

There are some significant downsides to globalize trade and perhaps the strongest arguments against economic globalization:

Answer 38

lack of sustainability or the degree to which the earth’s resources can be used for our needs, even in the future.

Question 39

Specifically, the development of our world today by using the earth’s resources and the preservation of such sources for the future is called ?

Answer 39

sustainable development

Question 40

Just read this and remember (for true and false)

Answer 40

In other words, development has to be ensured in and for future generations. One significant global response or approach to economic globalization is that of sustainable development, which seeks to chart a middle path between economic growth and a sustainable environment (Borghesi and Vercelli, 2008).

Question 41

is multi-dimensional – it involves economic, political, and technological aspects.

Answer 41

The relationship between globalization and sustainability

Question 42

The continuous production of the world’s _______________________________ fuel allows humanity to discover and innovate many things. We were able to utilize energy, discover new technologies, and make advancements in transportation and communication. However, these positive effects of development put our environment at a disadvantage.

Answer 42

natural resources, such as water and fossil

Question 43

accelerated and global in equality was not eradicated. This means that development, although beneficial at one hand, entails cost on the other.

Answer 43

Climate change

Question 44

Development, especially economic development, was hastened by ?

Answer 44

the industrial Revolution.

Question 45

is damaged by more carbon emissions from factories around the world.

Answer 45

The earth’s atmosphere

Question 46

this happens as more and more wastes are thrown into the ocean. Many experts do not think that the planet can sustain a growing global economy.

Answer 46

The destruction of coral reefs and marine biodiversity

Question 47

Just read and remember this info for true and false

Answer 47

Deforestation, pollution, and climate change will not adjust for us, especially if increases in living standards lead people to demand more consumer goods like cars, meat, and smartphone

Question 48

is the result of companies trying to outmaneuver their competitors. While you search for the cheapest place to buy shoes, companies search for the cheapest place to make those shoes. They find the cheapest sources of leather, dye, rubber, and of course, labor. The result is that labor-intensive products like shoes are often produced in countries with the lowest wages and the weakest regulations. This process creates **winners and losers.** The winners include *corporations and their stockholders* **who earn more profit**. They also include *consumers who get products at a cheaper price*. The losers are *high wageworkers* **who used to make those shoes.**

Answer 48

Economic and trade globalization

Question 49

is the result of companies trying to outmaneuver their competitors. While you search for the cheapest place to buy shoes, companies search for the cheapest place to make those shoes. They find the cheapest sources of leather, dye, rubber, and of course, labor. The result is that labor-intensive products like shoes are often produced in countries with the lowest wages and the weakest regulations. This process creates **winners and losers.** The winners include *corporations and their stockholders* **who earn more profit**. They also include *consumers who get products at a cheaper price*. The losers are *high wageworkers* **who used to make those shoes.**

Answer 49

Economic and trade globalization

Question 50

Read my babyy, you can do itt! <33 (i’ll explain ung mga pinapread ko sau if dmo natatandaan po)

Answer 50

Globalization and Inequality are closely related. We can see how different nations are divided between the North and the South, developed and less developed, and the core and the periphery. These differences mainly reflect one key aspect of inequality in the contemporary world – global economic inequality.

Question 51

There are two main types of economic inequality:

Answer 51

wealth inequality and income inequality

Question 52

refers to the net worth of a country. It takes into account all the assets of a nation – may they be natural, physical, and human – less the liabilities.

Answer 52

Wealth

Question 53

is generally referred to as a multinational corporation (MNC).

Answer 53

A global company

Question 54

is a company that operates in two or more countries, leveraging the global environment to approach varying markets in attaining revenue generation.

Answer 54

Multinational Corporation (MNC)

Question 55

Multinational corporations have played a leading role in this globalization, *establishing multiple links between the economies* of various countries. **Using capital** from developed countries, MNCs establish factories and plants in developing countries, where they can access raw materials and labor more cheaply.

Answer 55

the role of global corporations in globalization

Question 56

Goodjob babyy

Answer 56

MWUAAAAA