BUSINESS-ECONOMYTRAVEL-CURRENCY-AND-MARKETING.pdf

BUSINESS, ECONOMY, TRAVEL, CURRENCY, AND MARKETING BSOA 4 - 1: GROUP 4  What is Global Economy How does money add up in other countries? BUSINESS, How do countries make themselves ECONOMY, TRAVEL, marketable? C...

BUSINESS, ECONOMY, TRAVEL, CURRENCY, AND MARKETING BSOA 4 - 1: GROUP 4  What is Global Economy How does money add up in other countries? BUSINESS, How do countries make themselves ECONOMY, TRAVEL, marketable? CURRENCY, AND What are the different modes of MARKETING travel available? How to obtain passport and why it is needed? What language is necessary for basic travel? WHAT IS A GLOBAL ECONOMY? The global economy refers to the vast network of interconnected economic systems and activities across nations. It includes the interactions between different national economies, driven by exchanging goods, services, capital, and labor. This interconnectedness means that economic events or decisions in one country can have ripple effects across the globe, affecting other nations through various channels such as trade, investment, and financial flows. FELICIANO Components of the Global Economy International Trade International trade involves the buying and selling of goods and services across national borders. This exchange allows countries to access products they do not produce themselves and to sell their own products to other markets. It helps nations specialize in certain industries and leverage their comparative advantages. A smartphone assembled in China might use microchips manufactured in the U.S. and display screens made in South Korea. The U.S. exports aircraft to various countries, providing high-value goods to other markets, while importing oil from Saudi Arabia to meet domestic energy needs. FELICIANO Investment Flows Investment flows refer to the movement of capital across borders intending to fund businesses, infrastructure projects, or real estate ventures. These investments can come in the form of Foreign Direct Investment (FDI), where a company directly invests in or owns assets in another country, or portfolio investments, which involve purchasing financial assets such as stocks and bonds in foreign markets. Japanese companies like Toyota and Mitsubishi have established manufacturing plants in the Philippines. These investments not only create jobs but also contribute to the development of local industries. FELICIANO Financial Markets Global financial markets encompass the networks of stock exchanges, banks, and other financial institutions that operate on an international scale. These markets facilitate the trading of financial assets such as stocks, bonds, currencies, and commodities. They are essential for distributing resources, handling risks, and ensuring there’s financial flexibility in the global economy. SOBRETE Philippine Stock Exchange (PSE): This is the main stock exchange in the Philippines where shares of publicly listed companies are traded. Companies such as Ayala Corporation and SM Investments Corporation are listed here. The PSE plays a role in the allocation of capital within the Philippine economy and connects with global investors. SOBRETE Bangko Sentral ng Pilipinas (BSP): The central bank of the Philippines, which is involved in managing the country's monetary policy and foreign exchange reserves. The BSP’s policies affect currency exchange rates and influence international capital flows. United States - New York Stock Exchange (NYSE): One of the largest and most influential stock exchanges in the world, based in New York. It lists major companies such as Apple and Microsoft, and serves as a key platform for global investment and financial transactions. Japan - Tokyo Stock Exchange (TSE): This is the largest stock exchange in Japan and includes major corporations like Toyota and Sony. It is a critical player in Asia's financial markets.  Importance of Global Economy Economic Growth Resource Access Job Creation The global economy provides The global economy allows International trade and countries with access to countries to obtain resources investment generate larger markets beyond their and raw materials that they employment opportunities borders. By participating in do not produce domestically. across various sectors. international trade, When foreign companies countries can expand their invest in a country, they market reach and increase often build factories, their economic output. develop infrastructure, and create jobs. How does money add up works in other countries? WHAT IS CURRENCY? Currency is a medium of exchange for goods and services. In short, it's money, in the form of paper and coins, usually issued by a government and generally accepted at its face value as a method of payment. WHAT ARE THE DIFFERENT CURRENCY? 1. Saudi Arabia: Saudi Riyal (SAR) In Saudi Arabia, people use the Saudi Riyal, also written as SAR. ROYO 2. Japan: Japanese Yen (JPY) In Japan, people use the Japanese Yen, which is written as JPY. 3. United States: US Dollar (USD) In the United States, the currency is the US Dollar, written as USD. WHAT DOES "MONEY ADD UP" MEAN? "Money add up" refers to accumulating or calculating the total amount of money, whether through saving, earning, or after an exchange. In Currency Exchange: It means converting one currency to another by multiplying the amount by the current exchange rate, crucial for travel, trading, or international investments. Savings and Investment: It also describes how savings or investments grow over time, particularly through accumulated interest or returns. CONDENO WHAT DOES "MONEY ADD UP" MEAN? Practical Application: Knowing how your money "adds up" after currency conversion is essential for budgeting during travel or international transactions. Business and Trade: In international trade, understanding how currencies add up is vital, as exchange rate fluctuations can impact profits, so businesses monitor them closely. CONDENO HOW DOES MONEY ADD UP WORKS IN OTHER COUNTRIES? Introduction Money functions as a medium of exchange and a measure of value in every economy, but the way it "adds up"—in terms of earning power, cost of living, and purchasing power—varies significantly across countries. This report aims to compare the economic factors that affect the value and purchasing power of money in the Philippines with other countries, particularly focusing on how wages, taxes, inflation, and cost of living impact financial well-being. LASCONA  INCOME AND WAGES DIFFERENCES Philippines: The minimum wage In the U.S., the federal minimum wage is $7.25 per hour, although Japan's average wage is in the Philippines varies by region. In Metro Manila, the states have their own minimum significantly higher, with the daily minimum wage is around wages, with states like California minimum wage varying ₱610, while in provincial areas, offering $15 per hour. The across prefectures but it can be as low as ₱340- average monthly salary in the typically around ¥930- ₱400. The average monthly U.S. can range from ¥1,013 (₱390-₱425 per salary in the Philippines is $3,500-$5,000, depending on hour). The average monthly around ₱15,000-₱25,000, education, location, and salary is around ¥320,000 occupation. (₱130,000). depending on the industry. United States INCOME AND WAGES DIFFRENCES Wages in countries like the U.S. and Japan are considerably higher than in the Philippines, the cost of living also tends to be higher in these countries. This means that even though people earn more, they may not always have a higher disposable income after expenses. How do countries make themselves marketable? Definition of “Marketable” in the Context of Countries When discussing how countries make themselves marketable, the term “marketable” refers to the strategies and actions taken by nations to enhance their attractiveness to various global stakeholders. This involved areas: 1. Attracting Investment 2. Enhancing Tourism 3. Improving Global Influence Saudi Arabia Diversifying the Economy Strategic Investments Public Relations and Branding Economic Incentives Digital Transformation ODONG Digital Transformation Tourism Promotion Energy Transition Educational Initiatives Partnerships and Collaborations Japan Focus on Quality and Innovation Technological Advancements Strong Brand Identity Export Strategy Cultural Diplomacy Investment in Global Expansion Government Support Sustainable Practices Education and Talent Development VELASCO The different modes of travel available WHAT ARE THE DIFFERENT MODES OF TRAVEL AVAILABLE? In the world of trade, the company with the ability to transport freight in the most cost and time efficient manner reigns supreme in their industry. Therefore; an essential part of transportation management lies in building an efficient supply chain from the six main modes of transportation: road, maritime, air, rail, intermodal, and pipeline. Understanding the strengths and weaknesses of each mode is paramount to building an effective supply chain. AQUINO  Maritime Transportation Shipping by water has been practiced for thousands of years and remains pivotal to today’s global trade. 90% of all international trade is accomplished through maritime transportation. Cargo ships travel on almost every major body of water and have capacity to transport the highest volume of freight of any mode of transportation at the lowest cost.  Air Transportation The newest mode of transportation is air. Airplanes are becoming increasingly important in domestic and international trade. With continually improving technologies and practically unlimited route possibilities, air transportation is the fastest growing and most time efficient shipping mode. Consequently, many companies, such as Amazon and UPS, have purchased their own fleets of airplanes to gain a competitive edge in the growing market. Rail Transportation First invented for use in the early 19th century, rail transport quickly became vital for the expansion of the western world and has played a pivotal role in the realm of logistics for over two centuries. In modern practice, rail is used more exclusively for the largest and heaviest payloads (bulk cargo) traveling across land. The vast majority of railway infrastructure connects highly populated areas with large unpopulated strips of land between them making rail ideal for long-distance and cross country hauls. Intermodal Transportation (Multimodal) Often in logistics, one shipment is completed using multiple modes of transportation. For example, consider a SMB in Germany shipping goods to the Oregon. Their shipment will most likely begin on road, be transferred to rail, then to maritime, which transfers to rail in the US, and then arrives at its destination in Oregon by road once again. The purpose is to take advantage of the individual strengths of the different modes, thus reducing costs. This practice is known as intermodal transportation and is often necessary in logistics. Pipeline Pipeline shipping is not a formal mode of transportation in the traditional sense. However, it is important to acknowledge for its importance in the current fossil fuel market. How to obtain a passport and why it is needed? A passport serves as your official identification when crossing borders, proving your identity and nationality. How to Obtain a Passport: 1. Determine Eligibility Be a citizen of the country where you’re applying. Some countries have specific eligibility requirements, such as age restrictions or background checks 2. Gather Required Documents: Proof of Citizenship: Birth certificate, naturalization certificate, or an expired passport. BATONGBACAL  Identification: Driver’s license, state ID, or another government- issued photo ID. Passport Photos: Usually two recent, identical photos that meet specific size and background requirements. Application Form: Complete the appropriate passport application form (often available online or at local government offices) 3. Pay the Fee: Fees vary depending on the country and type of passport. Payment methods typically include credit/debit cards, checks, or money orders.  4. Wait for Processing: Processing times vary. Regular processing may take several weeks, while expedited services can take a few days to weeks. 5. Receive Your Passport Once processed, you’ll receive your passport by mail or can pick it up at a designated location. WHY YOU NEED A PASSPORT? 1. International Travel: 2. Identification: 3. Visa Applications: 4. Proof of Citizenship: A passport is required to It serves as a Many countries require A passport confirms enter most foreign universally you to have a valid your citizenship, which countries and to re- recognized form of passport to apply for a can be important for enter your own country identification. visa. various legal and after traveling abroad. personal reasons. The languages necessary for basic travel WHAT LANGUAGE IS NECESSARY FOR BASIC TRAVEL? When traveling, it's always essential to know a few basic local language depend on the country you choose to travel to make your trip more interactive and memorable experience. English Considered as lingua franca of the world. Widely spoken in many countries. Considered as Second language of most country. PATUAL French Spoken in many countries, including France, Belgium, Switzerland, and Quebec canada. official language of the United Nations, the European Union, and the International Olympic Committee. Spanish official language in many countries in Central and South America, as well as Spain. It's also widely spoken in the United States particularly in areas with large Hispanic populations as well as Spain. Spoken in many countries, including Mexico. German official language in several countries, including Germany, Austria, Switzerland, and Belgium. Spoken in some parts of Italy. PATUAL Italian Official language in Italy, Switzerland, San Marino, and the Vatican City. It's also widely spoken in other European countries, particularly in the Mediterranean region. Mandarin Official language of China and is widely spoken throughout East Asia. Spoken in China, Taiwan, and Singapore. Nihongo Widely spoken language in Japan and is often used in international business and tourism. THANK YOU FOR LISTENING !