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Questions and Answers
What significant event sparked outrage and eventually led to the People Power Revolution in 1986?
What significant event sparked outrage and eventually led to the People Power Revolution in 1986?
Which of these is NOT a characteristic of the period of Martial Law under Ferdinand Marcos (1972-1986)?
Which of these is NOT a characteristic of the period of Martial Law under Ferdinand Marcos (1972-1986)?
What is the primary focus of economic globalization?
What is the primary focus of economic globalization?
Which of these is an example of a cultural exchange?
Which of these is an example of a cultural exchange?
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Which idea associated with globalization suggests that technology shapes society and drives global connection?
Which idea associated with globalization suggests that technology shapes society and drives global connection?
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What does the concept of cultural homogenization suggest about globalization?
What does the concept of cultural homogenization suggest about globalization?
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Which of the following is NOT mentioned as a way to experience cultural exchange?
Which of the following is NOT mentioned as a way to experience cultural exchange?
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The Bataan Death March was a tragic event that occurred during which period in Philippine history?
The Bataan Death March was a tragic event that occurred during which period in Philippine history?
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According to the provided text, what is the primary role of the government in a market economy?
According to the provided text, what is the primary role of the government in a market economy?
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What is the key factor determining a country's standard of living, according to the text?
What is the key factor determining a country's standard of living, according to the text?
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What happens when a government prints too much money, according to the provided text?
What happens when a government prints too much money, according to the provided text?
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What is the short-term consequence of reducing inflation, according to the text?
What is the short-term consequence of reducing inflation, according to the text?
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Which of the following is NOT a principle of how the economy works as mentioned in the text?
Which of the following is NOT a principle of how the economy works as mentioned in the text?
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What is the primary role of the International Monetary Fund (IMF)?
What is the primary role of the International Monetary Fund (IMF)?
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In the context of Economic Globalization, what is the key distinction between "Many AFRICAN NATIONS" and "the SEMI – PERIPHERY"?
In the context of Economic Globalization, what is the key distinction between "Many AFRICAN NATIONS" and "the SEMI – PERIPHERY"?
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Which of the following is NOT a key reason for market integration?
Which of the following is NOT a key reason for market integration?
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What is the main purpose of the World Bank and Asian Development Bank (ADB) as mentioned in the content?
What is the main purpose of the World Bank and Asian Development Bank (ADB) as mentioned in the content?
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Which of the following is an example of the way Transnational Corporations (TNCs) contribute to economic globalization?
Which of the following is an example of the way Transnational Corporations (TNCs) contribute to economic globalization?
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Which of the following is an example of forward integration?
Which of the following is an example of forward integration?
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What is the main advantage of conglomeration?
What is the main advantage of conglomeration?
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What role does "Global Civil Society" play in the context of economic globalization?
What role does "Global Civil Society" play in the context of economic globalization?
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Which of these is the most accurate description of "market integration" as defined in the content?
Which of these is the most accurate description of "market integration" as defined in the content?
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Which of the following is a key principle of rational decision-making?
Which of the following is a key principle of rational decision-making?
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Which of the following scenarios illustrates the principle of trade making everyone better off?
Which of the following scenarios illustrates the principle of trade making everyone better off?
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Which of the following is NOT a potential indicator of market integration?
Which of the following is NOT a potential indicator of market integration?
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What is the main idea behind the principle of people responding to incentives?
What is the main idea behind the principle of people responding to incentives?
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Which of the following is NOT a characteristic of horizontal integration?
Which of the following is NOT a characteristic of horizontal integration?
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Which of these groups are examples of conglomeration in the Philippines?
Which of these groups are examples of conglomeration in the Philippines?
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Which of the following events contributed significantly to the development of Filipino nationalism and pride?
Which of the following events contributed significantly to the development of Filipino nationalism and pride?
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What key event marked the start of Philippine independence from Spain?
What key event marked the start of Philippine independence from Spain?
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Which of the following was NOT a significant change brought by American colonization to Philippine society?
Which of the following was NOT a significant change brought by American colonization to Philippine society?
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What is a key factor contributing to the complexity of Filipino identity?
What is a key factor contributing to the complexity of Filipino identity?
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How has globalization affected the development of Filipino identity?
How has globalization affected the development of Filipino identity?
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What was the primary impact of the Philippine Revolution (1896-1898) on Philippine society?
What was the primary impact of the Philippine Revolution (1896-1898) on Philippine society?
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How did the Philippines' geographical location impact its development?
How did the Philippines' geographical location impact its development?
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Which of these factors is NOT a direct influence on Philippine society's development?
Which of these factors is NOT a direct influence on Philippine society's development?
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Which of the following is NOT a factor driving cultural globalization?
Which of the following is NOT a factor driving cultural globalization?
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According to world-system theory, which of these best describes the 'core'?
According to world-system theory, which of these best describes the 'core'?
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Which of the following is an example of globalization's impact on the environment?
Which of the following is an example of globalization's impact on the environment?
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What is the main difference between the traditional view of colonization and Wallerstein's world-system theory?
What is the main difference between the traditional view of colonization and Wallerstein's world-system theory?
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How does technological globalization contribute to its own expansion?
How does technological globalization contribute to its own expansion?
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Which of the following best illustrates the concept of political globalization?
Which of the following best illustrates the concept of political globalization?
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Which of these examples best demonstrates the concept of the 'periphery' as described by Wallerstein's world-system theory?
Which of these examples best demonstrates the concept of the 'periphery' as described by Wallerstein's world-system theory?
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What is a key argument made by Immanuel Wallerstein's world-system theory?
What is a key argument made by Immanuel Wallerstein's world-system theory?
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Flashcards
Spanish Colonization
Spanish Colonization
The period when Spain controlled the Philippines, introducing Catholicism and Spanish culture.
American Colonization
American Colonization
The era when the Philippines was under American rule, introducing democracy and English language.
Philippine Revolution
Philippine Revolution
A revolt against Spanish colonial rule from 1896-1898, leading to Philippine independence.
Geographical Influences
Geographical Influences
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Cultural Diversity
Cultural Diversity
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Globalization
Globalization
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Socio-economic Factors
Socio-economic Factors
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Japanese Occupation
Japanese Occupation
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International Monetary Fund (IMF)
International Monetary Fund (IMF)
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Free Market Pricing
Free Market Pricing
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International Financial Institutions (IFIs)
International Financial Institutions (IFIs)
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Transnational Corporations (TNCs)
Transnational Corporations (TNCs)
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Government Intervention
Government Intervention
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Global Civil Society
Global Civil Society
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Standard of Living
Standard of Living
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Market Integration
Market Integration
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Inflation Causes
Inflation Causes
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Reasons for Market Integration
Reasons for Market Integration
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Inflation-Unemployment Tradeoff
Inflation-Unemployment Tradeoff
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Indicators of Market Integration
Indicators of Market Integration
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Types of Market Integration
Types of Market Integration
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Bataan Death March
Bataan Death March
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Martial Law
Martial Law
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Benigno Aquino Jr.
Benigno Aquino Jr.
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People Power Revolution
People Power Revolution
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Cultural Exchanges
Cultural Exchanges
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Neoliberalism
Neoliberalism
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Economic Globalization
Economic Globalization
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Cross-border trade
Cross-border trade
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Cultural Globalization
Cultural Globalization
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The Korean Wave
The Korean Wave
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Political Globalization
Political Globalization
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The United Nations (UN)
The United Nations (UN)
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Technological Globalization
Technological Globalization
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Environmental Globalization
Environmental Globalization
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World-System Theory
World-System Theory
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Horizontal Integration
Horizontal Integration
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Vertical Integration
Vertical Integration
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Forward Integration
Forward Integration
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Backward Integration
Backward Integration
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Conglomeration
Conglomeration
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Trade-offs
Trade-offs
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Marginal Thinking
Marginal Thinking
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Incentives
Incentives
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Study Notes
Historical Influences
- Spanish colonization introduced Catholicism, Spanish language, and Hispanic cultural elements.
- American colonization brought Western education, democracy, and English language. The fight for independence shaped Filipino nationalism and pride.
Cultural Diversity
- The Philippines is home to a diverse array of ethno-linguistic groups. Each possesses unique traditions, languages, and customs.
- Over 180 languages and a rich tapestry of cultural practices contribute to Filipino identity's complexity.
Geographical Influences
- The Philippines’ Southeast Asian location, archipelagic nature (over 7,000 islands), and exposure to trade routes influenced interactions with neighboring countries and cultures.
Political and Socio-economic Factors
- Socio-economic disparities, political instability, and issues like corruption and poverty influence Filipino identity.
Globalization and Modernization
- Exposure to global trends and influences, paired with modernization, resulted in shifting traditional values and norms. This impacts evolving Filipino identity.
Development of Philippine Contemporary Society
- Philippine development is shaped by significant historical events.
- Philippine Revolution (1896-1898): A crucial turning point against Spanish rule, led by leaders like Bonifacio and Aguinaldo. This led to the declaration of independence in 1898.
- American Colonization (1898-1946): Following the Spanish-American War, the Philippines came under American rule. Colonialism brought changes like democratic institutions, public education, and English language.
- World War II and Japanese Occupation (1941-1945): The Philippines was a major WWII theater, invaded and occupied by Japanese forces (1942-1945). Significant wartime destruction, atrocities (like the Bataan Death March), and Filipino resistance movements defined this period.
- Martial Law under Ferdinand Marcos (1972-1986): Marcos declared Martial Law, establishing authoritarian rule known for political repression, censorship, and human rights abuses. His eventual ouster through the 1986 People Power Revolution restored democracy.
- People Power Revolutions (1986, 2001): The 1986 People Power Revolution, also known as the EDSA Revolution, brought down the Marcos dictatorship, restoring democracy.
Globalization
- Globalization makes the world more interconnected; people's lives, cultures, and communication are linked globally.
- Cultural exchanges, technology, and shared problems play crucial roles in this interconnectedness.
Forms of Globalization
- Economic Globalization: The growing integration and interdependence of national economies worldwide, including cross-border trade, capital flow, technology spread, and labor movement.
- Cultural Globalization: Shared cultural practices, values, and norms across national borders, leading to interconnectedness and sometimes homogenization of cultures. This is driven by technology, communication, and transportation. (e.g., the Korean Wave).
- Political Globalization: Increasing interconnectedness of political systems and the influence of international actors, institutions, and processes on national and global politics. (e.g., the United Nations).
- Technological Globalization: The spread and use of technology across international borders, creating both greater connection and a need for new technology (e.g., social media).
- Environmental Globalization: Interconnectedness of environmental issues on a global scale, emphasizing the need for international cooperation to address them. (e.g., electric vehicles).
Global Economy
- World-System Theory (Wallerstein): Colonization is viewed not simply as a colonizer controlling a colony, but rather as a complex interaction within a larger system (global economy). The world economy is divided into a core, periphery, and semi-periphery based on economic power.
Actors that Facilitate Economic Globalization
- International Monetary Fund (IMF): An organization that aims to maintain economic stability and growth globally by offering loans, advice, and support to countries facing economic issues.
- International Financial Institutions (IFIs): Groups like the World Bank and the Asian Development Bank (ADB) that provide financial aid for large projects and offer advice on economic policy.
- Transnational Corporations (TNCs): Large multinational businesses that operate in multiple countries and invest in local economies, creating jobs and bringing technology.
- Global Civil Society: Non-governmental organizations, social movements, and individuals working together across borders to address global issues and promote human rights.
Market Integration
- Market Integration: The ease with which two or more markets can trade, facilitated by reduced barriers. (e.g., Facebook acquiring WhatsApp and Instagram to expand its market)
- Reasons for Market Integration: Removing transaction costs, fostering competition, improving supply security, and better decision-making in production/consumption.
- Indicators of Market Integration: Prices and goods moving proportionally within a region.
- Types of Market Integration: Horizontal integration (firms performing similar functions), vertical integration (firms performing multiple stages of production), and Conglomeration (combining unrelated agencies under unified management). Subtypes of vertical integration include forward and backward integration.
Ten Principles of Economic
- Principle 1: People face tradeoffs: To get something, you have to give up something else.
- Principle 2: The cost of something is what you give up to get it: The opportunity cost is included.
- Principle 3: Rational people think at the margin: People make decisions by comparing small additional benefits and costs.
- Principle 4: People respond to incentives: Choices and behavior change in response to rewards and punishments.
- Principle 5: Trade can make everyone better off: Specialization and exchange benefit all parties involved.
- Principle 6: Markets are usually a good way to organize economic activity: Prices allocate resources efficiently in free markets.
- Principle 7: Governments can sometimes improve market outcomes: Governments intervene when markets fail (e.g., fairness, efficiency).
- Principle 8: A country's standard of living depends on its ability to produce goods and services: A productive economy leads to a higher standard of living.
- Principle 9: Prices rise when the government prints too much money: Inflation results from excessive money supply.
- Principle 10: Society faces a short-run tradeoff between inflation and unemployment: Reducing inflation can temporarily increase unemployment.
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Description
Test your knowledge on key events in Philippine history and the implications of globalization. This quiz covers the People Power Revolution, Martial Law, cultural exchanges, and the economic aspects of globalization. Challenge yourself with these questions and enhance your understanding of these significant topics.