Globalization
What is our topic?
Global Economy
Goods or services a country sells to other countries
Exports
What do we call a place where countries buy and sell goods and services with each other?
Global Market
If oil prices increase worldwide, how might this affect ordinary Filipinos?
Higher cost of living
Name one global crisis that affects the Philippine economy.
Pandemic / Oil price hike / War
It is the growing interconnection of nations through rapid cross-border flows of people, goods, capital, and information, driven by technology, bringing both economic benefits and challenges like inequality and environmental issues.
Globalization
What is the term for an economic measure that records a country's exports and imports of goods and services?
Current Account
What happens to the cost of imported goods when peso weakens?
Gets more expensive
What are two examples of renewable energy sources?
Solar energy and wind energy.
What term describes the unfair gap between the rich and poor?
Inequality
It is a complex, technology-driven network connecting producers, distributors, retailers, and suppliers across nations to efficiently deliver goods and services, though it remains vulnerable to disruptions from global events.
Global Supply Chains
According to the Philippine Constitution (Article III, Sec. 9), what is the government’s power to take private property for public use, provided there is just compensation?
Eminent Domain (Expropriation Law).
The Philippine institution that controls inflation, interest rates, and stabilizes the peso.
Bangko Sentral ng Pilipinas (BSP)
This is where most Filipinos depend on their livelihood?.
Natural Environment
Give one challenges that we are facing today.
Fossils
What is one benefit of globalization?
Products and services easier and cheaper to access worldwide
Which country is currently the world's largest exporter of goods?
What do we call money sent home by OFWs?
Remittances
What type of energy provides large-scale electricity with low carbon emissions but raises concerns about safety and waste management?
Nuclear Energy
Innovation and new technologies
how does the internet affect globalization?
International Communication
What principle in international law requires foreign companies and individuals to be given the same treatment as a country’s own citizens in trade and business?
National Treatment
Which Philippine exchange is the main marketplace for trading company stocks?
Philippine Stock Exchange (PSE)
What are two major agricultural exports from the Philippines that came from its natural environment?
Banana and Pineapple
Why is it difficult for the Philippines to shift from being an import-dependent economy to a self-sustaining one in terms of food and energy?
Limited local production, high costs, outdated technology, and dependence on foreign fuel and agricultural imports.