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GEC3-Activity-Sheet2

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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.
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