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HISTORY OF GLOBAL MARKET INTEGRATION

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   The idea of global market is not new to us. As time and years passed, we people continue to connect and communicate with other people up until now. The modern technologies and devices are critical nowadays since it helps us to have a better access to share one country's products, devices and even cultures. As we continue to acknowledge, amaze and influence by other countries products, we tends to import their products and sell it in a price similar with other locations. This kind of action is now an example of global market integration.   However, even though we are practicing this kind of concept, some of us still didn't know the real definition and the history of Global Market Integration. How it is started? How does it reach to us? You may asked. It was said that there are three revolutions regarding the history of Global Market Integration.   This blog will discuss and share information about the definition and the history of Global Market integratio...

MAKE A BLOG ABOUT THE WAYS YOU THINK TO LESSEN, IF NOT ELIMINATE THE NEGATIVE CONSEQUENCES OF MULTINATIONAL CORPORATIONS

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   Multinational corporations or known as transactional corporation is creating a different impacts on countries and their government. However what impacts does it bring? There are positive and negative effects of Multinational Corporations.   This blog will discuss the positive and the negative consequences of multinational corporations and what are the ways in order to lessen these negatives if not eliminate. Let’s first define what is multinational corporations.   Multinational corporations or MNCs, are businesses that have operations in countries other than their home country. These buildings are referred to as “plants,” and they serve as factories and small stores where products are manufactured and frequently sold. Profits earned in these nations are repatriated to the corporations’/companies’ home country or headquarters.    Some of the examples of MNCs are Microsoft, Apple, Shell, Coca – Cola, Adidas, MCDONALD’S and etc.  Now, let’s discuss wh...

IN THE CASE OF PHILIPPINES, HOW MUCH DO YOU THINK ARE WE INVOLVED IN THE MODERN WORLD-SYSTEM? WHAT DO YOU THINK ARE THE ADVANTAGES AND DISADVANTAGES OF BEING PART OF SUCH?

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    The geohistorical system in which we live is the modern world – system, which is a capitalist world-economy. There are three economic zones in the Modern World-System: core, periphery, and semi-periphery.    These three economic zones share the same style of production and division of labor, but their availability is different. Whereas core nations have capital-intensive production with high waged labor and low labor exploitation and coercion, periphery countries have labor-intensive production with low waged labor and high labor exploitation and coercion in their low-technology industry. Semi-periphery countries occupy a middle ground, combining core and peripheral activities.  Countries tend to fall into one of three interconnected zones in the current world system: core countries, semi-periphery countries, and periphery countries.    In the case of our country, the Philippines is placed in periphery of the world economy. Thus, we can say that th...

HOW GLOBAL STRATIFICATION AFFECTS THE LIFE CYCLE OF EACH STATE IN THE GLOBE

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   Global stratification really do affects the life cycle of each state in the globe. Global stratification refers to the unequal distribution of wealth, power, prestige, resources, and influence among the world’s nations. To put more simply, there is an extreme difference between the richest and poorest nations.   People in various countries throughout the world have varying levels of access to resources and opportunities, as well as varying living standards, depending on their position in the global hierarchy.   People living in a poorest nations are fighting against starvation, financial stability , communicable diseases and other illness which richest people didn’t experience. Global Stratification might have positive effects for the richest nations but opposite for the poorest nations.  Thousands of children are stuck in worst conditions. Many of them die before reaching adolescence and many of adults die before reaching what would be called middle age in...

THEORIES OF GLOBAL STRATIFICATION AND HOW IT IS USE TO POLITICS, ECONOMY AND CULTURE OF RESPECTIVE STATE IN THE GLOBE

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    The term “global stratification” refers to the various social classes that arise as a result of differences in socioeconomic status. Significantly, social economic status does not only assess economic disparity because it measures a variety of variables. This simply means that even if two people make the same amount of money, they may have different levels of power, wealth, and prestige. One person’s social position is not always consistent.    When a person’s place in the social hierarchy is linked to different access to resources, inequality emerges, and it is mostly determined by variations in wealth. This remark implies that the wealthy have greater access to resources than the poor. People of various economic statuses do not have equal access to material resources    This blog will discuss and share Information about the Theories of Global Stratification and how it is use to politics, economy and culture of respective state in the globe.   ...

THE FIVE DIFFERENT PERSPECTIVES REGARDING THE ORIGIN OF GLOBALIZATION

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   Globalization refers to the increased speed with which people, goods, and services, capital, technologies, and cultural practices move throughout the world. Globalization has the effect of promoting and increasing interactions between different locations and populations around the world.  Many of us might confused about the different perspectives and the origin of globalization. How it is started? Or Are we really practicing this kind of concept from the past? You may asked. It was said that there are five perspectives regarding the origin of globalization.  Now, this blog will discuss and share information about the five perspectives regarding the origin of globalization. I will be using a ladder web for the five different views regarding the origin of globalization. THE FIVE DIFFERENT PERSPECTIVES REGARDING THE ORIGIN OF GLOBALIZATION Let’s first discuss the first perspective and origin of globalization which is hardwired. 1. HARDWIRED  According to Naya...

Advantages and Disadvantages of using (a) Broad and Inclusive definition (b) Narrow and Exclusive definition of Globalization

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                       The idea of globalization is not new to us. This concept has been practicing since ancient times where some of the traders would travel other places to buy goods and services that were valuable and rare to sell and try in their area. In 19th century, the advancement of technology and communication brought by Industrial Revolution has been a great contribution since it improve the trade across boarders.    In the present century, “Globalization” is the word we used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.   Now, as time passed there are lot of views rise about globalization. The definition of globalization in the literature shown that the term “globalization” can be characterized in two ways, (a) Broad and Inclusive d...