Questions and Answers
What is parochialism?
An outlook that is limited to one's immediate community.
Studying the outside world can help stretch the limits of one's imagination and outlook.
True
Why is studying the world important for Filipinos planning to work abroad?
It serves as an orientation.
What does globalization refer to?
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Which of the following is NOT a factor of globalization?
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What is free trade?
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What is the primary benefit of deregulation?
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Liberalization involves increasing barriers to trade.
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Study Notes
Importance of Studying the Contemporary World
- Studying the world combats parochialism, encouraging a broader perspective beyond one's immediate community.
- Global citizenship is developed through an expansion of ethical understanding and intellectual interests.
- Understanding other societies allows for meaningful comparisons to one's own, fostering self-awareness.
Globalization
- Globalization refers to the free exchange of goods, services, culture, and people among countries.
- It encompasses changes in society and the economy due to increased trade and cultural interactions.
- Central to globalization is the rapid movement and exchange of not just individuals but also goods, services, capital, and technology on a global scale.
- Globalization leads to heightened global interconnectedness, facilitated by advancements in information technology.
Factors Driving Globalization
- The involvement of people is crucial for successful globalization; without human interaction, sharing of ideas, culture, and economics would be challenging.
- Global brands like McDonald's and Jollibee exemplify the reach of globalization, with locations worldwide reflecting cultural exchange.
Key Terms
- Free Trade: Exchange of goods without tariffs or taxes to encourage international trade.
- Social Movement: Collective efforts by groups aiming for social change through various approaches and strategies.
- Deregulation: The reduction of government regulations, benefitting private corporations and enhancing their operational flexibility.
- Liberalization: Removal of trade barriers, lowering import costs, and fostering competition which stimulates market growth.
Benefits of Globalization and Policies
- Deregulation boosts economic activity by easing entry for new businesses, fostering innovation through competition.
- Liberalization reduces trade barriers, promoting lower costs and greater access to goods in importing countries.
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Description
This quiz explores the major themes in understanding the contemporary world, emphasizing the importance of broadening perspectives beyond local experiences. It highlights the concept of parochialism and encourages students to think globally and connect their knowledge as Filipino students.
