Contemporary World

• Reasons why it is important to study Contemporary World:

  • To cure parochialism
  • Helps you understand yourself
  • Helps your society
  • Promotes economic growth
  • Encourages interaction
• Parochialism:

  • Defined as close-mindedness
  • Learning about the contemporary world helps cure parochialism
• Globalization:

  • Strengthens connections between countries and improves the economy through trading and free-market principles
  • Facilitates the exchange of educational programs for learning and growth
  • Provides experiences and interactions
• Friendship-Globalization:

  • Involves the spread of Filipino TV and Malaysian influence
  • Inspires other countries with their cuisines
• Globalization affects people differently:

  • Positively: encourages trying and experiencing different cultures
  • Negatively: some suffer from foreign investors
• Globalization: A working Definition:

  • Globalization refers to the economic integration of markets into a global market through increased trade
  • Anti-Globalization involves resistance to trade deals and global organizations
• Tariff:

  • Translates to "Bayad sa pakikipagkalakalan"
• Pro-Globalization Perspective:

  A. Reduces policies

  B. Involves tariffs
• Anti-Globalization Perspective:

  A. Big companies benefit from it

  B. Aims to protect local companies

  C. Seeks to preserve cultural diversity

  D. Aims to reduce income inequality

  E. Can lead to loss of jobs