The Contemporary World Workbook

JAMESON N. ESTRADA
PANGASINAN STATE UNIVERSITY
CONTEMPORARY WORLD
WORKBOOK
www.psuecon.neolms.com
ASIA
EUROPE
NORTH
AMERICA
AMERICA
SOUTH
AFRICA
O
CEANIA
Republic of the Philippines
LINGAYEN CAMPUS
Lingayen, Pangasinan

The GE 5 course introduces students to the contemporary world issues by examining the multifaceted
phenomenon of globalization. Using the various disciplines of the social sciences, it examines the economic,
social, political, technological, and other transformations that have created an increasing awareness of the
interconnectedness of peoples and places around the globe. To this end, the course provides an overview of
the various debates in global governance, development, and sustainability. Beyond exposing the student to
the world outside the Philippines, it seeks to inculcate a sense of global citizenship and global ethical
responsibility. This course also includes mandatory topics on population education in the context of population
and demography.
This workbook is intended for use by the students of BS Hospitality Management taking up the subject
Contemporary World with the objective of providing them with a comprehensive understanding about
microeconomics. Likewise, it has been designed as an instrument for learning development and assessment,
providing students with a practical approach to applying the knowledge learned in the lectures. Each worksheet
covers exercises that is built upon the lessons of all the chapters with the following course outcomes:
1. Understand the nature and scope of the contemporary world.
2. Develop an understanding, analysis and appreciation of how peoples and places in the world are
interconnected.
3. Assess and analyze the dynamics and functioning of the global economy.
4. Develop an awareness and analysis on how countries trade with one another.
5. Examine how market integration works and the existence of Multinational Corporations
6. Describe the emergence of global governance in the case of international organizations like the
United Nations
7. Assess how different regions in the worlds confront the challenges of globalization and regionalism
8. Comprehend the socio-economic differences of the Global South and Global North
9. Appreciate the relevance of media in cultural globalization
10. Examine the religions of the world in the context of globalization and its relationship to relationship
to global peace and conflict.
11. Understand the attributes of global cities and analyze how they serve as engines of globalization.
12. Analyze the determinants and consequences of population changes and assess how they affect global
population
13. Analyze the various factors underlying the global movements of people.
14. Articulate models of global sustainable development.
15. Analyze how global food security exists.
16. Appreciate the roles and responsibilities of a global citizen.
Bear in mind that it takes sustained effort – and some dedicated patience – to study and learn the
subject. But, it is assured that the effort is well worth it. It is hoped this modest work helps you. So, the
best of luck as you begin your journey in answering the workbook exercises!
PREFACE 2

v
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
INTRODUCTION TO THE CONTEMPORARY WORLD
GLOBALIZATION
GLOBAL ECONOMY
GLOBAL TRADE
MARKET INTEGRATION
GLOBAL GOVERNANCE
REGIONALISM
GLOBAL DIVIDES
GLOBAL MEDIA CULTURE
GLOBALIZATION OF RELIGION
GLOBAL CITIES
GLOBAL DEMOGRAPHY
GLOBAL MIGRATION
SUSTAINABLE DEVELOPMENT
GLOBAL FOOD SECURITY
GLOBAL CITIZENSHIP
18
25
35
41
48
55
62
67
73
78
83
89
96
102
113
108
3

BACHELOR OF SCIENCE IN HOSPITALITY MANAGEMENT
COURSE SYLLABUS
2nd
Semester, S.Y 2019 – 2020
COURSE INFORMATION
COURSE CODE GE5
COURSE TITLE CONTEMPORARY WORLD
COURSE TYPE Lecture
CREDIT UNITS 3 units
TIME FRAME 3 hours / week (54 Hours)
PREREQUISITE None
VISION, MISSION, GOALS AND OUTCOMES
UNIVERSITY VISION To become an ASEAN Premier State University by 2020
UNIVERSITY MISSION The Pangasinan State University, through instruction, research, extension and production, commits to
develop highly principled, morally upright, innovative and globally competent individuals capable of
meeting the needs of industry, public service and civil society.
UNIVERSITY
STRATEGIC GOALS
1. Excellent student learning and career development
2. Strong research culture and technology transfer
3. Good governance
4. Sustainable social responsibilities
5. Quality human resources management and development
6. Efficient management of assets and finances
7. Responsive to Globalization and Diversity
8. Customer-focused
UNIVERSITY
OUTCOMES
The Pangasinan State University Institutional Learning Outcomes (PSU ILO) are the qualities that
PSUnians must possess.
These outcomes are anchored on the following core values: Accountability and Transparency,
Credibility and Integrity, Competence and Commitment to Achieve, Excellence in Service Delivery,
Social and Environmental Responsiveness, and Spirituality – (ACCESS). Anchored on these core
values, the PSU graduates are able to:
1. Demonstrate through institutional mechanisms, systems, policies, and processes which are reflective
of transparency, equity, participatory decision making, and accountability;
2. Engage in relevant, comprehensive and sustainable development initiatives through multiple
perspectives in decisions and actions that build personal and professional credibility and integrity.
3. Set challenging goals and tasks with determination and sense of urgency which provide continuous
improvement and producing quality outputs leading to inclusive growth;
4. Exhibit life-long learning and global competency proficiency in communication skills,
inter/interpersonal skills, entrepreneurial skills, innovative mindset, research and production initiatives
and capability in meeting the industry requirements of local, ASEAN and international human capital
market through relevant and comprehensive programs;
5. Display, socially and environmentally responsive organizational culture, which ensures higher
productivity among the university constituents and elevate the welfare of the multi-sectoral
communities and;
LINGAYEN CAMPUS
4

6. Practice spiritual values and morally upright behavior which promote and inspire greater harmony to
project a credible public image.
PROGRAM OUTCOMES
Graduate Attributes BS Hospitality Management Program Outcomes Performance Indicators
Graduates of the BSHM
programs are professionals who
are:
Holistic
Demonstrate determination and embody traits and
values of hospitality management professional
Engage and secure student’s interest on
values formation to achieve pro-active
professional towards various competency
industry standards.
Optimistic Shows positive attitude in expecting best outcome
from any given situation
Maintain a positive disposition in spite of
customer complaints and challenging
situations in the workplace.
Skillful Exhibits competence to accomplish good work and
experience the effective and efficient outcome
Apply related theories and techniques that
will fit in their own chosen expertise.
Passionate Have tireless exertions and willingness to take the
risks of being committed to their purpose to
succeed.
• Deliver energetic and heartfelt
service to the clients. Add guidelines
• Show willingness to follow and
implement school policies
• Maintain a feeling of great intensity
towards a particular person or activity
capable of handling, powerful
emotions with regards to different
situations
Innovative Create and use new ideas or methods in particular
interest in the creative and multicultural aspects of
the hospitality industry.
• Deliver accurate & updated content
knowledge using appropriate
methodologies and strategies
• Demonstrate ability to implement
instructional plan
• Uses assessment results in terms of
achievement and progressive
indicators
Trustworthy Practice integrity in response to the needs and
aspirations of the hospitality industry.
• Use the hospitality industry as a
laboratory for learning and as a
network to publicize school events
and achievements.
• Maintains stature and behavior that
upholds the dignity of teaching
Authentic Apply genuine practical learning skills reflective to
the best practices in the real-life learning
experiences in the industry
Exhibit true and accurate best professional
practices in terms of knowledge, skills,
attitudes and values
Bold Stand our prominently through recognition and
acceptance of a diverse hospitality industry
standards
Absorb and assert distinct hospitality
industry standards in workplace
performance.
Life Long Learner Promote learning beyond traditional schooling,
which shows flexibility, diversity and availability in
different times and places
Allocate time for skills and professional
development thru participation in trainings,
seminars, attending skills and knowledge
competition, keep oneself abreast with the
latest trends and practices in the
hospitality industry
Excellent Show mastery in every phase of the learning
process and provide proficiency in upgrading the
hospitality core values at all times
Perform a wide variety of contemporary
techniques and approaches to deliver
valuable quality services to the customers
and guests without supervision
5

COURSE DESCRIPTION
This course introduces students to the contemporary world by examining the multifaceted phenomenon of globalization. Using the
various disciplines of the social sciences, it examines the economic, social, political, technological, and other transformations that have
created an increasing awareness of the interconnectedness of peoples and places around the globe. To this end, the course provides
an overview of the various debates in global governance, development, and sustainability. Beyond exposing the student to the world
outside the Philippines, it seeks to inculcate a sense of global citizenship and global ethical responsibility. This course includes
mandatory topics on population education in the context of population and demography.
COURSE OUTCOMES
The course demonstrates a comprehensive understanding of the contemporary world. Specifically, at the end of the course, students
are expected to
1. Understand the nature and scope of the contemporary world.
2. Develop an understanding, analysis and appreciation of how peoples and places in the world are interconnected.
3. Assess and analyze the dynamics and functioning of the global economy.
4. Develop an awareness and analysis on how countries trade with one another.
5. Examine how market integration works and the existence of Multinational Corporations
6. Describe the emergence of global governance in the case of international organizations like the United Nations
7. Assess how different regions in the worlds confront the challenges of globalization and regionalism
8. Comprehend the socio-economic differences of the Global South and Global North
9. Appreciate the relevance of media in cultural globalization
10. Examine the religions of the world in the context of globalization and its relationship to relationship to global peace and
conflict.
11. Understand the attributes of global cities and analyze how they serve as engines of globalization.
12. Analyze the determinants and consequences of population changes and assess how they affect global population
13. Analyze the various factors underlying the global movements of people.
14. Articulate models of global sustainable development.
15. Analyze how global food security exists.
16. Appreciate the roles and responsibilities of a global citizen.
COURSE LEARNING PLAN
Course
Outcome
Learning Outcomes Topics No.
of
Hrs.
Teaching
and
Learning
Activities
Resource
Materials
Assess
ment
▪ State the vision, mission, goals
and core values of the
University
▪ Enumerate and explain the
objectives and learning
outcomes of the program
▪ Describe the course information
▪ Explain the description of the
course
▪ Examine the outline /plan of the
course
▪ Comment on the requirements
and policies of the course
COURSE ORIENTATION
1. Vision, Mission
on, Goals, Guiding
Philosophy and Core Values
of the University
2. Program Outcomes
3. Course Information
4. Course Description
5. Course Outcomes
6. Course Outline
7. Course Requirements and
Course Polices
8. Course References and
Supplemental Readings
1 Lecture/
Discussion
▪ Syllabus
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Course
Website at
www.psueco
n.com
▪ E-learning
(LMS) site
▪ Quiz
6

▪ List the references and
supplemental readings to be
used in the course
CO1 ▪ Define Contemporary World
▪ Outline the different fields
social sciences in the study of
Contemporary World
▪ Determine some issues
affecting the contemporary
world
▪ Understand the geography the
world (Continents and
countries).
CHAPTER 1 –
INTRODUCTION TO
CONTEMPORARY WORLD
1. Defining Contemporary
World
2. Importance of
Contemporary World
Subject
3. Academic Disciplines of
Social Sciences
4. Contemporary World
Issues and Problems
5. Seven Continents of the
World
6. The World Map
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
CO2 ▪ Explain the etymology and
usage of globalization
▪ Summarize the varying
definitions globalization
▪ Identify the underlying
philosophies of the varying
definitions of globalization.
▪ Outline some concepts and
elements of globalization
▪ Compare and contrast the
aspects/dimensions of
globalization
▪ Measure and interpret the level
of globalization of different
countries
▪ Explains the drivers of
globalization
▪ Argue on propositions and
debates supporting or
opposing globalization
▪ Examine the costs and benefits
of globalization
CHAPTER 2 –
GLOBALIZATION
1. Etymology and Usage of
Globalization
2. Definition of Globalization
3. Philosophies underlying
Globalization
4. Elements and Components
of Globalization
5. Dimensions of
Globalization
▪ Economic
Globalization
▪ Political Globalization
▪ Cultural Globalization
▪ Environmental
globalization
6. Measuring Globalization-
KOF Globalization Index
7. Drivers of Globalization
8. Arguments for and against
Globalization
9. Benefits and Costs of
Globalization
5 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
CO3 ▪ Explain what is meant by
global economy
▪ Distinguish national economy
from the global economy
▪ Estimate the value of the
world economy
▪ Classify economy by country
groups
CHAPTER 3 – GLOBAL
ECONOMY
1. Definition and Scope of
Global Economy
2. National Economy versus
Global Economy
3. Value of the World
Economy
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
7

▪ Describe and interpret the
different economic indicators
of the global economy
▪ Explain the economic goals of
every economy
▪ Describe the three sectors of
the economy
▪ Explain the various types of
economy or economic system
▪ Assess the current state or
condition of the global
economies particularly the
major economies of the world
4. World Economy by
Country Groups
5. Economic Indicators of
the Global Economy
6. Economic Goals of the
Global Economy
7. Sectors of the Economy
8. Types of Economy
9. Largest Economies of the
World
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
global trade.
▪ Estimate the value of the
international trade.
▪ Distinguish between
domestic trade and
▪ Describe the types of
▪ Explain how trade balance is
achieved.
▪ Explain the economic basis
of trade.
▪ Identify the various
commodities traded by
countries and top exporters
of traded commodities.
▪ Identify the top exporting
and importing countries in
the global trade.
▪ Describe some facts of
▪ Compare and contrast
absolute advantage and
comparative advantage.
▪ Identify the different
restrictions to trade,
▪ Explain the different
arguments for protectionism
CHAPTER 4: GLOBAL
TRADE
1. Meaning of Global Trade
2. The Value of Global Trade
3. Domestic Trade versus
International Trade
4. Closed Economy and
Open Economy
5. Types of International
Trade
▪ Export Trade
▪ Import Trade
▪ Entrepot Trade
▪ Inter-industry Trade
versus Intra-industry
Trade
6. Trade balance
7. Economic Basis of Trade
8. Types of Commodities
Traded
9. World Top Exporters and
Importers of Traded
Commodities
10. Cost and Benefits of
Trade
11.Absolute Advantage
versus Comparative
Advantage
12. Trade Barriers
▪ Tariff
▪ Quota
▪ Embargo
▪ Export Subsidy
13.Arguments of
Protectionism
4 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
CO5 ▪ Understand what is meant by
market integration.
▪ Describe the changing nature
of the global market.
CHAPTER 5 – MARKET
INTEGRATION
1. Definition of Market
Integration
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Books and
E-books
▪ Worktext
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
8

▪ Identify the categories of a
global market.
▪ Identify the players who make
up the global market.
▪ Distinguish between
globalization of markets and
globalization of production
▪ Explain the concept of
multinational corporation.
▪ Describe the characteristics
of MNCs
▪ Examine the reasons why
companies become MNCs.
▪ Describe the characteristics
of multinational corporations.
▪ Explain the advantages and
disadvantages of
multinational corporations.
▪ Identify the problems faced by
MNCs in the global market.
▪ Identify major multinational
corporations included in the
Forbes Global 500.
▪ Identify the different
Philippine MNCs.
▪ Narrate a story of global
market integration in the
twentieth century
2. Global Market
3. Three Categories of the
Global Markets
4. Players/Stakeholders in
the Global Market
5. Globalization of Markets
and Globalization of
Production
6. Definition of Multinational
Corporation
7. Characteristics of
Multinational Corporations
8. Reasons why Companies
become MNCs
9. Advantages and
Disadvantages of
10.Problems Faced by
in the Global Market
11.Multinational Corporations
in the Global Market
12.The Fortune Global 500
13.Philippine Multinational
Corporations
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
▪ Written
Quiz
CO6
▪ Explain the effects of
globalization on governments
▪ Determine the nature and
scope global governance
▪ Discuss the criticisms of
global governance
▪ Identify and describe the
types of international
organizations
▪ Identify the various forms of
intergovernmental
organization
▪ Identify the nature, roles,
organs and agencies of the
United Nations
▪ Examine the roles of World
Bank, IMF, and WTO in
fostering global governance
and globalization
▪ Explain the functions, powers
and limitations of international
NGOs
▪ Identify major international
NGOs
▪ Identify the challenges of
global governance in the
twenty-first century
GOVERNANCE
1. Effects of Globalization
on Governments
2. Nature and Scope of
Global Governance
3. Criticisms of Global
Governance
4. International
Organizations
5. International
Organizations
6. Types of International
Organizations
7. Types of
Intergovernmental
Organizations
8. The United Nations
▪ Six Main Bodies
▪ Programmes and
Specialized Agencies
9. The World Bank
10. The International
Monetary Fund
11. The World Trade
Organization
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
9

▪ Explain the relevance of the
state amid globalization
12. International
Nongovernmental
Organizations
▪ Functions and Roles of
INGOs
▪ Power and Limits of
INGOs
▪ Examples of INGOs
CO7 ▪ Differentiate between
regionalization and
globalization
▪ Distinguish between old
regionalism and new
regionalism
▪ Explain the two approaches
to regional integration
▪ Identify the types and
functions of regional
integration
▪ Explain the costs and
benefits of regional
integration
▪ Outline the economic and
political motives of regional
integration
▪ Identify the different regional
organizations or regional
economic areas of
cooperation
▪ Describe some major
regional organizations
including ASEAN, APEC,
EU, COMESA, NAFTA, and
MERCOSUR
▪ Explain how Asian
regionalism benefits Asia
and the World.
▪ Identify the factors leading to
a greater integration of the
Asian region
▪ Analyze how different Asian
states confront the
challenges of globalization
and regionalization.
CHAPTER 7: REGIONALISM
1. Regionalism versus
Globalization
2. New Regionalism versus
Old Regionalism
3. Approaches to Regional
Integration
4. costs and benefits of
regional integration
5. The Concept of Regional
Integration
6. economic and political
motives of regional
integration
7. Regional Organizations
▪ Asia
▪ Europe
▪ Africa
▪ South and North
America
8. ASEAN, APEC, EU,
COMESA, NAFTA, and
MERCOSUR
9. Benefits of Asian
Integration to Asia and
the World
10.Factors affecting Greater
Integration of the Asian
region
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
CO8
▪ Determine via map the
North-South Divide (The
Brant Line)
▪ Define Global South and
Global North
DIVIDES
1. North-South Divide (The
Brant Line)
2. Global South Defined
3. Global North Defined
4. Countries in the Global
North and Global South
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
10

▪ Identify the countries
belonged to Global South
and Global North
▪ Compare and contrast the
socio-economic
characteristics of Global
South and Global North
▪ Describe the First World,
Second World, and the Third
World
▪ Examine the differences
between South Korea and
North Kore
5. Socio-economic
Characteristics of the
Global South and Global
North
6. Socio-economic
Characteristics of Global
North
7. First World, Second
World, and the Third
World
8. South Korea versus
North Korea
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
CO9 ▪ Describe culture globalization
▪ Explain what is meant by
culture
▪ Outline the
elements/components of
culture
▪ Differentiate cultural
convergence from cultural
divergence
▪ Explain the concept of global
media
▪ Identify the various forms of
mass media
▪ Explain how IT and Internet
drive global integration
▪ Estimate the Inclusive Internet
Index (III) of different countries
▪ Examine the nature and scope
of social media
▪ Outline the benefits and costs
of social media
CHAPTER 9: GLOBAL
MEDIA CULTURE
1. Culture Globalization
2. Culture Defined
3. Elements/Components of
Culture
4. Cultural Convergence
versus Cultural
Divergence
5. Global Media Defined
6. Forms/Platforms of Mass
Media
7. Use of Information
Technology and Internet
8. The Inclusive Internet
Index (III)
9. Nature and Scope of
Social Media
10.Benefits and Costs of
Social Media
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
religion
▪ Identify the religions of the
world and describe their
religious beliefs and practices
▪ Identify the religion of every
region in the world
▪ Determine the Religious
Diversity Index of different
countries
▪ Explain the effects of
globalization on religious
diversity
▪ Define the concept of global
peace
▪ Explain how peace manifests
through its pillars
▪ Distinguish between negative
and positive peace
CHAPTER 10:
GLOBALIZATION OF
RELIGION
1. Meaning of Religion
2. Religions of the World
▪ Christianity
▪ Islam
▪ Hinduism
▪ Buddhism
▪ Folk Religion
▪ Irreligion
3. Religion in every Region
4. The Religious Diversity
Index
5. Effects of Globalization
on Religion Diversity
6. Concept of Global Peace
7. Pillars of Peace
8. Negative Peace versus
Positive Peace
9. Conflict Defined
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
11

▪ Define what is meant by
conflict
▪ Examine how religious conflict
affect the integrated world
10.Religious Conflict in the
World
CO11 ▪ Define global city.
▪ Compare and contrast urban
and rural area
▪ Characterize a global city
▪ Analyze how cities serve as
engines of globalization
▪ Identify the different cities in
the global world
▪ Analyze how global cities are
classified and ranked
CITIES
1. Global City Defined
2. Rural Area versus Urban
area
3. Characteristics of a Global
City
4. Global City as an Engine
of Globalization
5. Different Cities in the
World
6. Classification of Global
Cities
7. Ranking Global Cities
▪ Global Power City
Index
▪ Global Cities
Index
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
CO12 ▪ Describe global demography
▪ Define demography and the
concept of population
▪ Explain the structure and
dynamics of Demography
▪ Define population size
▪ Analyze how population growth
is measured and determine the
population size and growth of
countries in the world
▪ Describe the levels of
demographic transition
▪ Analyze the population
processes including fertility,
mortality, life expectancy and
morbidity
▪ Outline the factors affecting the
population processes
▪ Explain the concept of
population distribution though
urbanization and population
density
▪ Analyze the population
structure including sex ratio,
age structure, median age and
age-dependency ratio, and
population pyramid
▪ Describe the Malthusian
Theory of Population
▪ Argue on the positive and
negative effects of population
growth
DEMOGRAPHY
1. Define Global
Demography
2. The Concept of
Demography and
Population
3. The Structure and
Dynamics of Demography
4. Population Size
5. Population growth or
decline
▪ Population of
Countries
▪ Measuring
Population Growth
▪ Demographic
Transition
6. Population Processes
▪ Fertility
▪ Mortality
▪ Life Expectancy
▪ Morbidity
7. Factors Affecting
Population Processes
8. Population Distribution
▪ Urbanization
▪ Population
Density
9. Population structure
▪ Sex Ratio
▪ Age Structure
▪ Median Age
▪ Age-
Dependency
Ratio
4 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Debate
▪ Case
Analysis
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
▪ Exercis
es
▪ Recitat
ion
▪ Assign
ment
▪ Written
Quiz
12

▪ The Population
Pyramid
10.Population
Characteristics
▪ Household and
Families
▪ Race and
Ethnicity
11.The Malthusian Theory of
Population
12.Positive and Negative
Effects of Population
Growth
CO13 ▪ Define global migration
▪ Define what is meant by
human migration
▪ Outline and describe each
type of migration according to
political boundaries, area of
origin and destination,
movement patters, and by
decision-making approach
▪ Analyze how migration is
measured using migration
rate, immigration rate,
migration efficiency, gross
migration, and migration
efficiency ratio.
▪ Identify the causes of
migration
▪ Describe different migration
facts and associate these
facts to Ravenstein’s laws of
migration
▪ Outline the top immigration
destinations and migration
corridors
▪ Examine the effects of
migration by looking at
remittances of brain drain
MIGRATION
1. Global Migration Defined
2. The Concept of Human
Migration
3. Types of Migration
▪ Internal and
International Migration
▪ Emigration and
Immigration
▪ Step, Circular and
Chain Migration
▪ Voluntary and
Involuntary Migration
4. Measuring Migration
▪ Migration Rate
▪ Immigration Rate
▪ Net Migration Rate
▪ Migration Efficiency
▪ Gross Migration
▪ Migration Efficiency
Ratio
5. Causes of Migration
▪ Economic, Socio-
Political and
Ecological Factors
▪ Push Factors of Pull
Factors of Immigration
6. Key Facts about Human
Migration
7. Ravenstein's Laws of
Migration
8. Emigration and
Immigration Destinations
9. Migration Corridors
10.Effects of Migration
▪ Remittances
▪ Brain Drain
4 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
CO14 ▪ Define sustainable
development
▪ Define economic development
▪ Distinguish between economic
growth and economic
development
▪ Outline the criteria and
indicators of economic
development
CHAPTER 14 –
SUSTAINABLE
DEVELOPMENT
1. Sustainable Development
Defined
2. The Concept of Economic
Development
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
13

▪ Identify the developed and
less-developed countries
▪ Measure economic
development through Human
Development Index
▪ Compare the HDI of different
countries
▪ Outline the Millennium
Development Goals (MDGs)
▪ Identify the 17 Sustainable
Development Goals
▪ Outline the global indicator
targets of 17 SDGs
3. Economic Growth versus
Economic Development
4. Indicators/Criteria of
Economic Development
5. The Developed and Less-
developed Countries
6. Measuring Economic
Development: Human
Development Index
7. Comparing Human
Development Index of
Different Countries
8. Millennium Development
Goals
9. 17 Sustainable
Development Goals
10.Global Indicator Targets
of 17 SDGs
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
CO15 ▪ Define global food security
▪ Identify and describe the four
dimensions of food security
including availability, access,
utilization, and stability
▪ Characterize the food security
and insecurity of households
▪ Measure global food security
using Global Food Security
Index
▪ Determine the performance of
countries on food security
▪ Examine the interrelationship
of food security to hunger,
malnutrition, and poverty
▪ Argue on the effects of global
food insecurity
FOOD SECURITY
1. Global Food Security
Defined
2. Dimensions of Food
Security
▪ Availability
▪ Access
▪ Utilization
▪ Stability
3. Food Security in
Households
4. The Global Food Security
Index
5. Performance of Countries
on Food Security
6. Interrelationship of Food
Security to Hunger,
Malnutrition and Poverty
7. Effects of Global Food
Insecurity
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
www.psuecon.
neolms.com
CO16 ▪ Define global citizenship
▪ Explain the dimension of global
citizenship
▪ Explain the concept of citizen
and citizenship
▪ Characterize a global citizen
▪ Identify the duties and
responsibilities of a global
citizen
▪ Describe global citizenship
education
▪ Examine the approaches of
global citizenship education
▪ Appreciate the importance of
global citizenship education
CITIZENSHIP
1. Global Citizenship
Defined
2. Dimension of Global
Citizenship
3. The Concept of Citizen
and Citizenship
4. Who is a Global Citizen?
5. Characteristics of a
Global Citizen
6. Duties and
Responsibilities of a
Global Citizen
7. Global Citizenship
Education
8. Approaches to Global
Citizenship Education
3 ▪ Lecture/Di
scussion
▪ Problem
Solving
▪ Web-
based
Instruction
▪ E-Learning
(LMS)
▪ Books and
E-books
▪ Worktext
▪ Glass board,
marker and
eraser
▪ Laptop and
LED
Projector for
PowerPoint
Slides
▪ Scientific
Calculator
▪ Course
Website
available at
www.psueco
n.com
▪ E-learning
(LMS) site at
14

9. Importance of Global
Citizenship Education
www.psuecon.
neolms.com
COURSE REQUIREMENTS
1. Pass final and midterm exams, quizzes and worksheet exercises.
2. At least 80% class attendance rate.
3. Submission of all homework assignments.
4. Submission of a research paper/term paper.
5. Involvement and Performance on Educational Games (GLOBAL Trading Game and SDGs Board Game)
6. Registration and subscription in the course webpage at www.psuecon.com
7. Enrolment to the E-learning system at www.psuecon.neolms.com
A. LECTURES
Three-hour lecture will be spent each week. You are encouraged to actively ask questions at any time and answer questions
during class lectures. For each lecture, there will be provided powerpoint slides covering the main points, which will be published
on the course web page. Should there be queries you wish to raise in lectures, whether about the course organization or about
materials covered, you are welcome to come to see me during office hours or email me.
B. COURSE WEBSITE ACCESS
A course website is maintained which will be used round the year to communicate all the course resources to you including
syllabus, homework, class notes, worktext exercises, lecture slides, online tests and links to suggested reading materials. You are
encouraged to register or subscribe to gain full access to all the website materials. You should also frequently access the course
web site to find updated course information and materials. The site is available at www.psuecon.com.
C. E-LEARNING ENROLMENT
You are required to create an account and enroll the course in the E-learning system which can be accessed at
www.psuecon.neolms.com. This is the portal for the sending of your softcopy assignment and term papers. Here you can download
and access course resources, take online quiz and exam, read class announcement, post queries and comments, etc.
CLASS POLICIES
A. ABSENCES AND TARDINESS
Every student is required to attend his classes regularly and punctually. Absence or persistent tardiness for more than 20% of the
total number of class meetings during the entire course shall be sufficient reason for disqualifying a student from taking final
examination or for dropping the student without credit. A student who is late for class for at least 10 minutes will be marked as
absent. A student will incur an absence for every 3 times that he is tardy.
B. MAKE-UP EXAM
Every student is required to attend the final exam, midterm exam, and at least five quizzes. If he is absent on days when tests are
scheduled, he should notify me in advance and bring documentation of the excuse upon returning to class. Unexcused absences
from exams will result in a zero grade. Make–up exams will be arranged only under extraordinary circumstances. Acceptable or
valid reasons for missing an exam include religious observances, athletic trips, illness and urgent circumstances beyond your
control. Makeups must occur within one week of the regularly scheduled exam or quiz, otherwise a zero score will be given.
C. HOMEWORK POLICY
There will be 6 homework assignments (3 for midterm and 3 for final). Each assignment is worth 30 points. These assignments
will be posted on the course website and are mostly due on Mondays in the beginning of class. Any assignment can be late for up
to 1 day without penalty. Late homework for two to three days loses 10 points. After 4 days, zero credit is given for late
assignments.
15

D. ACADEMIC HONESTY
All students are expected to be academically honest. Cheating, plagiarisms, lying, theft and other forms of unethical behavior will
not be tolerated. Any student suspected or found guilty of academic dishonesty in this course will be handled according to the
procedures set out in the PSU Student Handbook.
GRADING SYSTEM
The grades for this course will be based on midterm and final exams, quizzes, worksheet exercises, recitation, homework and a term
paper. The course grade will be determined as follows:
Examination 40%
Quizzes / Exercises 30%
Recitation 10%
Homework 10%
Term Paper
/Project/Game
10%
TOTAL 100%
COURSE REFERENCES AND SUPPLEMENTAL READINGS
Books
Aldama, Prince Kennex R. The Contemporary World First Edition.Rex Bookstore, Inc. 2018.
Steger, Manfred B., Paul Battersby, and Joseph M. Siracusa, eds. 2014.The SAGE Handbook of Globalization. Two volumes.
Thousand Oaks: SAGE Publications.
Claudio, Lisandro, et.al. The Contemporary World.C&E Publishing Bookstore.
Other Readings:
Aguilar, Filomeno V. 2012. “Differentiating Sedimented from Modular Transnationalism: The View from East Asia.” Asian and
Pacific Migration Journal 21(2): 149–171.
Bello, Walden F. 2006. “The Multiple Crises of Global Capitalism.” In Deglobalization: Ideas for a New World Economy, pp. 1-31.
Quezon City: Ateneo de Manila University Press.
Castles, Stephen. 2000. “International Migration at the Beginning of the Twenty-First Century: Global Trends and Issues.”
International Social Science Journal 52 (165): 269–281.
Carter, April. 2001. “Global Civil Society: Acting as Global Citizens” in The Political Theory of Global Citizenship, pp. 147-176 London:
Routledge.
Connell, Raewyn. 2007. “Dependency, Autonomy and Culture. In Southern Theory: The Global Dynamics of Knowledge in Social
Science, pp. 139-163. Cambridge, UK: Polity Press.
Hobsbawm, Eric J. 1996. “The Future of the State.” Development and Change 27(2): 267–278.
Lee, Ronald. 2003. “The Demographic Transition: Three Centuries of Fundamental Change.” Journal of Economic Perspectives
17(4): 167–190.
Lesthaeghe, Ron. 2010. “The Unfolding Story of the Second Demographic Transition.” Population and Development Review 36(2):
211–251.
Livi-Bacci, Massiomo. 205. “What We Can and Cannot Learn from the History of World Population. Population Studies: A Journal of
Demography 69(S1): S21–S28.
Mazower, Mark. 2006. “An International Civilization? Empire, Internationalism and the Crisis of the Mid-Twentieth
Century.”International Affairs 82(3): 553–566.
McMichael, Philip. 2009.“A Food Regime Analysis of the World Food Crisis.”Agriculture and Human Values 26(4): 281-295.
Sassen, Saskia. 2005. “The Global City: Introducing a Concept.” Brown Journal of World AffairsXI(2): 27-43.
Shiraishi, Takashi. 2006. “The Third Wave: Southeast Asia and Middle-Class Formation in the Making of a Region.” In Beyond
Japan: The Dynamics of East Asian Regionalism, edited by Peter Katzenstein and Takashi Shiraishi, pp. 237–271. Ithaca,NY: Cornell
University Press.
Steger, Manfred B. 2005. “Ideologies of Globalization.” Journal of Political Ideologies 10(1): 11–30.
Wallerstein, Immanuel. 2004. “The Modern World-System as a Capitalist World Economy: Production, Surplus-Value, and
Polarization.” In World-SystemsAnalysis: An Introduction, pp. 23-41. Durham and London: Duke University Press.
Films:
“The Corporation” directed by Mark Achbar and Jennifer Abbott
“The Price of Sugar” directed by Bill Haney
“The Rise of ISIS,” PBS Frontline (http://www.pbs.org/wgbh/frontline/film/rise-of-isis/)
Online References
16

https://kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html
https://www.lboro.ac.uk/gawc/world2018t.html.
https://www.kearney.com/global-cities/2019.
INSTRUCTOR’S CONTACT INFORMATION
NAME JAMESON N. ESTRADA
OFFICE ECOBEL Office
MOBILE NUMBER 0945-5970162
EMAIL jameson.n.estrada@gmail.com
WEBSITE www.psuecon.com
CONSULTATION HOURS 9:00 – 11:00 (MWF)
PREPARED BY:
JAMESON N. ESTRADA
Instructor I
Checked by:
SYLVESTER M. VICTORIO
Chairperson, Department of
ROSARIO DL. VALENCIRINA, Ed.D
Dean, College of Education
Approved by:
LORNA G. URBIZTONDO, PhD
Campus Executive Director, PSU Lingayen
17

GE 5 – Contemporary World Worksheet 1 – Introduction to the Contemporary World
www.psuecon.neolms.comPangasinan State University: Region’s Premier University of Choice
WORKSHEET 1 : INTRODUCTION TO THE CONTEMPORARY WORLD
GE 5 – Contemporary World
Intro
EXERCISE A
Modified True or False. Write true if the statement is correct. If false, underline the word or phrase to make the statement
right and write the correct answer in the blank space provided.
1. Contemporary world deals with circumstances, problems, and issues of the ancient world. _______________
2. In the contemporary world, global economy is tackled peace and conflicts are not ________________
3. Contemporary world does not take into account the process of globalization. ________________
4. The study of economics in the contemporary world helps people understand the choices societies make regarding
consumption and production. ________________
5. Geography is the study of population changes and trends. ________________
6. International relations deals on the relationships between countries, including the roles of other organizations.
________________
7. Income inequality is not a contemporary world issue. ________________
8. North America includes 33 countries led by the United States as the largest economy in the world. ____________
9. Africa is the world’s largest continent both by land area and population. ________________
10. India has a greater land area than Canada. ________________
EXERCISE B
Multiple Choice. Encircle the one alternative that best completes the statement or answers the question.
11. All of the following are topics covered in the Contemporary World course, except
A. labor migration. B. international trade. C. world religion.
D. media culture. E. solar eclipse.
12. What is the importance of studying the Contemporary World course?
A. Exposure to world problems and issues that all countries face
B. Awareness of peoples and places around the globe and the consequences of human actions on societies
C. Understanding the role the people must play in society and of their responsibilities as citizens
D. Avenue to participate in social debates, thus increasing their critical judgment
E. All of the above
13. Which is most likely a contemporary world issue?
A. Household consumption B. Leisure services C. Apple products
C. Maternal health D. Rice production
14. The understanding of the organization of power within societies and the formation of power relations is most likely
associated with the study of
A. Sociology. B. Economics. C. Political science.
D. History. E. Management science.
NAME: ________________________________________ STUDENT NUMBER: __________________________
YEAR, COURSE, & SECTION: _____________________ DATE SUBMMITED: __________________________
INSTRUCTOR-IN-CHARGE: _______________________ SCORE/NUMBER OF ITEMS: __________________
Alvear Street, Lingayen, Pangasinan
18

Pangasinan State University: Region’s Premier University of Choice
15. According to the 2017 World Economic Forum's Global Shapers Survey, what is the most pressing issue affecting the
world today?
A. Lack of economic opportunity B. Poverty C. Large scale conflict
D. Destruction of nature E. Food security
EXERCISE C
Classification. Determine what academic discipline of social science is most likely associated with the following. Write the
answer in the blank space provided.
21. The factors affecting the volatility of foreign exchange and stock markets ________________
22. The historical evolution of the European Union ________________
23. The strategic locations of business centers among cities in Southeast Asia ________________
24. The form of government in Iran ________________
25. Biological and material remains of a new species of ancient human found in Luzon ________________
26. The increasing trend of the population growth in India ________________
27. Migration policies of United Kingdom ________________
28. Economic issues of Nigeria, a developing country ________________
29. The growing demand of Korean language learning in the Philippines ________________
30. Societal disorder in every city in China ________________
31. The effects of anxiety and sleep disorders on the productivity of Japanese workers
32. The characteristics of family and community groups in North Korea ________________
33. The demand for domestically produced goods of Colombia ________________
34. Marketing strategies employed by western multinational corporations ________________
35. The changing weather and season pattern of Eastern countries ________________
EXERCISE D
Classification. Determine whether the following is considered a contemporary world issue/concern or not. Write Yes if it is
and explain why. Otherwise, write No.
36. Rise of multinational corporations __________________
37. Increase in price of rice in a public market __________________
38. Population explosion among Southeast Asian nations __________________
39. The impacts of global warming __________________
40. Stock market trading in New York stock exchange __________________
41. Utilization of advanced robots and internet of things (IIoT) __________________
42. Changes in international trade policies __________________
43. Financial constraint of a small group of households __________________
44. Regional integration in Asia __________________
45. Political conflict between Iran the United States of America __________________
46. The consequences of brain drain on the country of origin __________________
47. Violence against immigrants and minority communities __________________
48. Prevalence of global diseases like HIV infection __________________
49. Use of artificial intelligence in cybersecurity __________________
50. Bankruptcy of a domestic firm__________________
19

EXERCISE E
Matching Type. Match column A with the correct answer in column B. Write the letter of the correct answer in the space
provided.
51. Environment __________________ A. Cultural differences
52. Global economy __________________ B. Diseases
53. Global demography __________________ C. Widespread infectious diseases
54. Migration __________________ D. Underemployment
55. Natural resources __________________ E. Global warming
56. Healthcare __________________ F. Corruption
57. Media __________________ G. Terrorism
58. Culture __________________ H. Banking crisis
59. Religion __________________ I. Poverty
60. International trade __________________ J. Cyber insecurity
61. Global governance __________________ K. High inflation rate
62. Employment __________________ L. Refugee crises
63. Food security __________________ M. Import and export restrictions
64. Education __________________ N. Famine
65. Inequality __________________ O. Sexual harassment
66. Peace and security __________________ P. High illiteracy rate
67. Global finance __________________ Q. Fast population growth
68. Economic development __________________ R. Religious conflict
69. Gender equality __________________ S. Piracy
70. Information technology __________________ T. Overconsumption
EXERCISE F
Criss-Cross Puzzle. Search horizontally, vertically and diagonally for all the concepts/terms related to the contemporary
world. Underline the terms found in the search puzzle and write the names in the blank space provided.
71. _________________________
72. _________________________
73. _________________________1
74. _________________________
75. _________________________
76. _________________________
77. _________________________
78. _________________________
79. _________________________
80. _________________________
81. _________________________
82. _________________________
83. _________________________
84. _________________________
85. _________________________
86. _________________________
87. _________________________
88. _________________________
89. _________________________
90. _________________________
G L O V A L I J A T O A T R O P X E
H T W O R G N A T E M Y T A C D E G
W E T T E L T I N T E G R A T I O N
S T U A O O E Y G T D C I R I S D A
B A D B D B K H S H I S O B I F G H
A C I R F A R D S A A G N N E F H C
S G H I O L A N D E B D O F O N F X
E X C H A I M P O R T T I N G M U E
P O I N T Z J O D A E T G B S V Y N
P O P U L A T I O N C L I M A T E G
S A R S S T F H O L H G L A S D C I
B S B A D I R E T H N E E R O S H E
E X P O R O S A D B O J R E S U A R
R A S E A N Z U D U L Y T K O R N O
J A M E S O N Y T E O F D S D F G F
T A I L M N O U S T G O S D I B E T
F O O D S E C U R I Y E S T R A D A
D E R U T L U C R D S A D O T H E S
20

Image Source: (Royalty Free Image) https://www.freeusandworldmaps.com/images/WorldPrintable/WorldMercator6NoLinesPrint.jpg
EXERCISE G
Blank World Map. Identify the countries marked with numbers 1 – 20 in the blank world map. Write the name of the country, its
region, and continent in the blank space provided.
Country Region Continent
91. __________________ __________________ __________________
92. __________________ __________________ __________________
93. __________________ __________________ __________________
94. __________________ __________________ __________________
95. __________________ __________________ __________________
96. __________________ __________________ __________________
97. __________________ __________________ __________________
98. __________________ __________________ __________________
99. __________________ __________________ __________________
100.__________________ __________________ __________________
101.__________________ __________________ __________________
102.__________________ __________________ __________________
103.__________________ __________________ __________________
104.__________________ __________________ __________________
105.__________________ __________________ __________________
106.__________________ __________________ __________________
107.__________________ __________________ __________________
108.__________________ __________________ __________________
109.__________________ __________________ __________________
110.__________________ __________________ __________________
12
9
15
12
13
14
5
116
17
18
19
10
11
3
4
11
1
116
17
18
120
2
9
21

EXERCISE H
Country Identification. Identify the country being described in each of the following. Make use of a world map for reference.
Encircle the correct answer in the given list.
EXERCISE I
Country Profiling. Fill in the information regarding capital, currency, land area, and population of each country. Write the answer
on the spaces provided on the table.
Country Capital Currency Area (𝒌𝒎 𝟐
) Population
(2019)
131.Singapore
132.Panama
133.United Arab Emirates
134.Ecuador
135.Ireland
136.New Zealand
137.Argentina
138.Finland
139.South Africa
140.Ghana
141.Malaysia
142.Venezuela
143.Bangladesh
144.Australia
145.Sweden
Description Choices
111. European country South Africa, Australia, Canada, Thailand, Iceland, Mexico, Saudi Arabia
112. Boarders the Atlantic Ocean Philippines, Vietnam, Ecuador, Australia, United Kingdom, Indonesia, Mali
113. Helsinki is the capital city Libya, Honduras, Greece, Egypt, Nicaragua, Trinidad and Tobago, Finland
114. Shares borders with Nepal and
Bangladesh
Belgium, Colombia, France, India, Pakistan, Bhutan, Tajikistan
115. Earth’s highest mountain is
located
Nepal, South Africa, Morocco, Mongolia, Paraguay, Pakistan
116. Word’s largest island country Philippines, Russia, United States of America, Brazil, Canada, Indonesia
117. North of the Philippines Brunei, Singapore, China, Taiwan, North Korea, Vietnam, Indonesia
118. Global South country South Korea, Spain, Italy, Germany, Canada, United States, Sri Lanka
119. Western country Laos, Afghanistan, Colombia, China, Zimbabwe, Israel, Uzbekistan
120. Boarders no ocean or sea
(landlocked)
New Zealand, Switzerland, Turkey, Sri Lanka, Peru, Madagascar, Cuba
121. Largest African country Congo Sudan, Libya, Chad, Algeria, Brazil, Australia
122. Southeast Asian country Hong Kong, Taiwan, Maldives, West Timor, Myanmar, Papua New Guinea
123. A country in the Pacific Ocean Mexico, India, Paraguay, Bolivia, New Zealand, Austria, Azerbaijan
124. Country sandwiched between
Russia and China
Japan, Singapore, Poland, Panama, Argentina, Austria, Turkmenistan
125. A country between Finland and
Norway
Denmark, Latvia, Sweden, Estonia, Ireland, Belarus, Russia
126. Running down the side of South
America
Argentina, Peru, Uruguay, Brazil, Ecuador, Venezuela, Chile
127. The closest country to Mexico Philippines, Ecuador, Canada, Cuba, Namibia, Botswana
128. Farthest country to Denmark Finland, Switzerland, Ireland, Poland, Thailand, New Zealand, Ireland
129. A country in-between India and
Afghanistan
Bhutan, Turkmenistan, Kyrgyzstan, Uzbekistan, Tajikistan, Pakistan, Kazakhstan
130. Mediterranean country Oman, Kuwait, Qatar, Italy, Ethiopia, Tanzania, Guyana
22

EXERCISE J
Review Questions. Answer the following questions as concisely yet as clearly as possible. (3 points each)
91. What is the significance of studying the Contemporary World course?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
92. Choose one academic discipline and discuss how it is relevant in the study of Contemporary World?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
93. How will you become an effective learner of the Contemporary World subject?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
94. Identify and discuss a recent world issue/problem of the contemporary world.
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
95. Compare and contrast North America to South America.
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
23

EXERCISE K
Creative Work. Cut out pictures of various contemporary world issues or problems in newspapers, magazines, or other
sources. Use the cut pictures to create collage art. Eventually, interpret the artwork. (30 points)
24

GE 5 – Contemporary World Worksheet 2 – Globalization
WORKSHEET 2 : GLOBALIZATION
Intro
s
EXERCISE A
Modified True or False. Write true if the statement is correct. If false, underline the word or phrase to make the statement
right and write the correct answer in the blank space provided.
1. Globalization is a trend toward greater economic, cultural, political, and technological interdependence among
national institutions and economies. _____________
2. The contemporary world is shifting toward a less integrated and interdependent global economy. _____________
3. Theodore Elvis is credited with coining and popularizing the term globalization. _____________
4. The use of cargo ships is one market driver of globalization. _____________
5. Cultural globalization is the integration of economies through trade and investment. _____________
6. Global organizations such as UN, EU, and ASEAN are associated with economic globalization. _____________
7. More globalized countries have faster economic growth and less poverty than less or non-globalized countries.
_____________
8. The KOF Index of Globalization measures four important dimensions of globalization. _____________
9. There is strong negative correlation between globalization and economic growth. _____________
10. The least-global nations are found in Africa, East Asia, South Asia. _____________
EXERCISE B
11. Which of these characterizes globalization?
A. nationalization B. decreased international trade C. increasing interdependence
D. country separation E. decompressed time and space
12. Globalization signifies a growing integration of all of the following except
A. markets. B. economy. C. war.
D. culture. E. communications.
13. There is a rapid increase in the level of globalization mainly because of
A. foreign currency. B. global transportation. C. migration.
D. political ideology. E. media.
14. Economic globalization is characterized by the
A. cross-cultural flow of knowledge and values. B. rise of small and medium enterprises.
B. change in political governance and systems. D. rapid development of emerging economies.
E. international trade and investment flows.
15. The internationally coordinated initiatives and practices concerning environmental protection is closely linked to
A. economic globalization. B. political globalization. C. cultural globalization.
D. environmental globalization. E. technological globalization.
25

16. What does a political scientist perceive about globalization?
A. The impact of globalization on jobs and standards of living.
B. The opportunity to source commodities from lower-cost locations
C. The power of governments relative to that of multinational companies
D. The influence of globalization on the culture of a group of people
E. The effect of globalization on international migration
17. The most globalized country in the 2017 KOF’s Index of Globalization is
A. Singapore. B. Canada. C. Finland.
D. Switzerland. E. South Korea.
18. Which of the following is an instrument of cultural globalization?
A. Media B. Trade C. Environment
D. Technology E. Law
19. Which of these is not a benefit of globalization?
A. Increase international trade B. Greater product variety C. Increased productivity
D. Innovation E. Offshoring
20. Supporters of globalization assert that globalization
A. advances the economies of developing nations. B. exploits workers in developing nations.
C. eliminates jobs in developed nations. D. erodes standards of living.
E. lowers wages in developed nations.
EXERCISE C
Identification. Identify the person credited to each of these varying definitions of globalization by selecting the answer in the
following box. Write the answer in the blank space provided.
Martin Albrow David Ricardo Anthony Giddens Paul Krugman
Paul James Arthur Laffer Augusto Comte Roland Robertson
Eric Beerkens Robert Melton Max Weber Immanuel Wallerstein
David Harvey Erving Goffman James Carlsmith Takis Fotopoulos
Anthony Giddens John Maynard Keynes Joseph Stiglitz Thomas Larsson
21. Globalization is the process of world shrinkage, of distances getting shorter, things moving closer. _______________
22. Globalization should be reduced to trade, investment and financial statistics. These constitute ‘objective' or ‘real'
globalization, and all the rest is myth or fantasy. __________________
23. Globalization pertains to all those processes by which the people of the world are incorporated into a single world
society. __________________
24. Globalization can be defined as the intensification of worldwide social relations which link distant localities in such a
way that local happenings are shaped. __________________
25. Globalization is defined as economic globalization describing the opening and deregulation of commodity, capital, and
labor markets that led toward present neoliberal globalization. __________________
26. Globalization is described as the compression of the world and the intensification of the consciousness of the world
as a whole. __________________
27. Globalization is the extension of social relations across world-space, defining that world-space in terms of the
historically variable ways that it has been practiced and socially understood through changing world-time.
__________________
28. Globalization is the compression of time and space. __________________
29. Globalization represents the triumph of a capitalist world economy tied together by a global division of labor.
__________________
30. Globalization is the world-wide interconnectedness between nation-states in which basic social arrangements become
disembedded from their spatial context. __________________
26

EXERCISE D
Classification. Determine the dimension of globalization manifested in each of these cases. Write E for economic, P for
political, C for cultural, or EN for environmental in the blank space provided.
31. Starbucks purchases unroasted coffee from more than 30 countries. ________________
32. The UNEP and Greenpeace convene to find ways to reduce the emissions of harmful gases ________________
33. The US dollar currency depreciates because the US economy slows down. ________________
34. Indians subscribe to music streaming services such as Spotify and Apple Music. ________________
35. Coca-Cola’s marketing rivalry with Pepsi intensifies. ________________
36. A series of International Tropical Timber Agreement treaties took place. ________________
37. United Nations is created to maintain international peace and security. ________________
38. An Earth Summit is held to address an environmental issue linked to global climate change. ________________
39. USA sells mobile technologies to both developed and developing countries. ________________
40. Political actions by non-governmental organizations are encouraged by some countries. ________________
41. The “Parasite” Korean movie is shown in over 100 countries. ________________
42. A trade war between China and U.S.A takes place. ________________
43. Stock market trading in New York stock exchange affects Tokyo and Manila ________________
44. Japanese language courses are offered to many major universities throughout the world. ________________
45. U.S. businesses are subcontracting work to Chinese companies. ________________
46. Brazil raises $1 billion dollars for the crisis mobilization brought by Amazon fires. ________________
47. UN intervenes to the aggressive anti-drugs campaign of the Philippine administration. ________________
48. ASEAN leaders meet to tackle the emergence of the concept of global governance. ________________
49. Chinese foods like siomai is available in many European and American countries. ________________
50. McDonald’s, a U.S multinational corporation, opens up and operates new restaurants in Asia. ________________
EXERCISE E
Classification. Classify the dimension of the following players or stakeholders of globalization. Write E for economic, P for
political, C for cultural, or EN for environmental in the blank space provided.
51. Multinational corporations __________________
52. Innovators __________________
53. International NGOs __________________
54. Consumers __________________
55. United Nations __________________
56. Ethnic groups __________________
57. International NGOs ________________
58. Banking institutions ________________
59. Civil society groups ________________
60. Environmentalists ________________
61. Importers ________________
62. Social media influencers ________________
63. Environmental groups ________________
64. National governments ________________
65. Charitable institutions________________
27

EXERCISE F
Classification. Classify what dimension of globalization these global activities are likely associated with. Put a checkmark
(∕) on the appropriate space. Provide a brief explanation in your answer in the blank space provided.
Activity
Dimension of Globalization Explanation
Economic Political Cultural Environmental
66. Trending of Senorita
Song by Shawn
Mendez and Camila
Cabello
67. Creation of the World
Health Organization
68. Efforts made by the
government to
Australia’s deadly
wildfires
69. Franchises made by
Jollibee Corporation
throughout the world
70. Exportation of
German cars like
Mercedes-Benz
71. Influence of
Picasso’s artworks to
other visual artists
72. Contributions of Bill
and Melinda Gates
Foundation on
enhancing healthcare
worldwide
73. Environmental
initiatives to address
the problem of global
warming
74. The spread of online
shopping such as
Alibaba, Amazon,
and Lazada
75. Political conflict
between South Korea
and North Korea
28

EXERCISE G
Crossword Puzzle. Fill the white squares with letters forming words or terms by identifying each of the statements below.
1 2 3 4 5 6
7 8 9
10
11 12
13 14
15 16 17
18 19
20 21 22 23
24 25 26
27
28 29 30 31 32
33
34 35 36 37 38 39
40 41 42
43
44 45 46
ACROSS
76. (1) Increased interconnectedness and interdependence of peoples and countries.
77. (5) Development of standard policies and agreements in areas such as trade and environment
78. (7) The third-largest country in South America
79. (8) Capital and largest metropolis is Warsaw
80. (9) __, __, __, __, __ phobia, fear of globalization
81. (10) A country in Africa bordered by Ghana, Benin, and Burkina Faso
82. (11) International Swaps and Derivatives Association, a trade organization
83. (12) __, __, __, __, __, __, Y: The area of economic activities such as production, distribution, trade, and consumption
84. (13) The shortened version of advertisements
85. (16) One aspect of globalization that deals with the level of political cooperation that exists among different countries
86. (18) Domestically-produced goods and services which are sold abroad
87. (21) A landlocked country in West Africa with an area of 1.24 million square kilometers
88. (22) Part of the earth's surface occupied by continents, countries, and islands
89. (24) Multinational corporation concentrated on e-commerce and cloud computing
90. (25) Most economically important bean in the world trade primarily produced by the United States
91. (27) __, __, __, __, A, __, __: A European country with the fourth-highest ratio of tertiary degree holders in the world
92. (28) Second-most populous country and the sixth-largest economy in the world
93. (31) __, __, __, __, __, A: The most densely populated city proper in the world
94. (33) Commodity consumed in the world with global production of about 6 million tons
95. (34) County’s official currency is Naira
96. (38) Alcoholic drink exported by Italy or Spain
97. (40) Index of globalization which measures the economic, social, and political dimensions of globalization
98. (43) American shedding-type card game that is played internationally
99. (44) The official currency of South Korea
100.(45) Code of the official currency of Australia
101.(46) A dimension of globalization involving the sharing of ideas, information, and values
29

DOWN
102.(1) Sum of the market values of all final goods and services produced in the economy during a period
103.(2) The country that pioneers the concept of gross national happiness
104.(3) __, __, __, __, __, T: Goods and services purchased abroad and brought into a country
105.(4) Commercial exchanges between companies and individuals that cross borders
106.(5) Country on Southeast Asia
107.(6) An international organization which deals with the global rules of trade between nations
108.(9) Relating to the whole world or worldwide
109.(11) Bringing together or uniting things like economies, cultures, and religions
110.(14) The largest country in Europe by area
111.(15) One example of cultural globalization related to a genre of classical music
112.(17) Residential migration of persons to an area of destination
113.(19) General development or change in an event or issue in the world
114.(20) Top tourist destination country in the world
115.(23) Association of Southeast Asian Nations
116.(26) The country bordering Saudi Arabia to the north and the Red Sea to the east
117.(30) __, __, __ Materials: Goods that are bought and sold on commodities exchanges worldwide
118.(32) Agency created to promote international monetary cooperation by regulating fixed exchange rates
119.(35) __, __, __, __, TH: Process of increasing the level of production in the economy
120.(36) Acid __, __, __, __: Environmental issue, which is a result of air pollution.
121.(37) Most populous continent
122.(39) Abbreviation for the globalization term, “International.”
123.(41) __, __, __, O: Currency of 19 member states of the European Union
124.(42) Address of a page on the World Wide Web
125.(43) A global political organization dedicated to international peace and stability
EXERCISE H
Classification. Determine the effect of the following cases on globalization. Write IG if there is an increase in the level of
globalization and DG if there is a decrease in the level of globalization. Identify also the aspect of globalization that determines
the change in the level of globalization. Write the answer in the blank space provided.
126.McDonald’s builds new business locations in African countries. __________________
127.The number of tourist arrivals in European countries falls. __________________
128.The volume of world exports falls. __________________
129.The number of non-governmental organizations (NGOs) increases. __________________
130.Average transnationality index for the top 100 multinational corporations falls. __________________
131.Competition in the global market for consumer electronics products increases. __________________
132.Foreign direct investment of developed countries to India and China falls significantly. __________________
133.Developments in Information Technology continue like the implementation of 5G networks. __________________
134.The use of electronic payments systems becomes prevalent worldwide. __________________
135.Global credit markets grow rapidly due to the development of complex financial products. __________________
136.The number of foreign workers in developed countries rises. __________________
137.The human capital of Americans greatly improves. __________________
138.The number of minutes spent on cross-border telephone and smartphone calls falls. __________________
139.The UN peacekeeping missions increase. __________________
140.Memberships of less-developed countries to international organizations increase. __________________
30

EXERCISE I
Country Profiling. Visit the KOF Index of Globalization website at https://kof.ethz.ch/en/forecasts-and-
indicators/indicators/kof-globalisation-index.html and fill in the KOF index of globalization of 10 countries in the matrix. Also,
discuss some implications briefly on their level of globalization.
Country
Dimension KOF Index of
Globalization
Overall
Globalization
Index
Discussion
Economic Social Political
141. Philippines
142. Switzerland
143. Netherlands
144. Ireland
145. Indonesia
146. Afghanistan
147. South Africa
148. Japan
149. Germany
150. Malaysia
31

EXERCISE J
Classification. Determine the driver of globalization involved in each of these cases. Write T for Technological, P for Political,
M for Market, CS for Cost, or CM for Competitive in the blank space provided.
151.Saturation of different markets in a domestic economy _____________
152.Increase in foreign direct investment (FDI) among emerging economies _____________
153.Offshoring activities in the global supply chain _____________
154.Use of commercial jet aircraft in international trade _____________
155.Advancement of cellular network technology from 2G to 4G_____________
156.Creation of World Trade Organization _____________
157.Reduction in trade barriers_____________
158.Rapid global presence of multinational enterprises _____________
159.Access of different online shopping platforms _____________
160.Opportunity to build global scale economies_____________
EXERCISE K
Classification. Determine whether the following is considered a benefit or cost of globalization. Write BG for benefit of
globalization or CB for cost of globalization in the blank space provided.
161.Increased access to foreign media and culture _____________
162.Disease transfer _____________
163.Greater employment opportunities_____________
164.Lower prices for goods and services _____________
165.Loss of cultural identity_____________
166.Increased income inequality _____________
167.Improved standard of living across the globe _____________
168.Adverse effect on environment _____________
169.Spread of creativity and innovation _____________
170.Exploitation of developing nations _____________
EXERCISE L
Classification. Determine if the following arguments are for or against globalization. Write FG if it’s for globalization or AG if
it’s against globalization in the blank space provided.
181.Globalization increases wealth and efficiency in all nations. ____________
182.Globalization strengthens the power and dominance of MNCs. _____________
183.Globalization lowers wages in developed nations. _____________
184.Globalizations widens access to goods and services. _____________
185.Globalization increases cultural awareness. _____________
186.Globalization destroys infant industries _____________
187.Globalization creates more jobs in developing countries. _____________
188.Globalization eliminates jobs in developed nations. _____________
189.Globalization is a social disaster. _____________
190.Globalization broadens the gap between rich and poor countries. _____________
32

EXERCISE M
191.How globalization affects students like you today?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
192.What do you think is the most relevant dimension of globalization? Explain why.
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
193.What effect will advancement in technology have on globalization?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
194. Why are European countries more globalized than Asian countries?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
195.Explain one primary argument in favor of globalization
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
33

EXERCISE N
Graphic Organizer. Choose a country and draw its flag in the center rectangle below. Create a graphic organizer about the
success story or challenges of this country as a globalizer. Also, Interpret the concept map. Use the space provided below.
(30 points)
34

GE 5 – Contemporary World Worksheet 3 – Global Economy
WORKSHEET 3 : GLOBAL ECONOMY
Intro
EXERCISE A
Modified True or False. Write true if the statement is correct. If false, underline the word or phrase to make the statement right
and write the correct answer in the blank space provided.
1. Global economy is the interconnected worldwide economic activities that take place among countries. ____________
2. The Gross World Product (GWP) is the collective gross national product of all the countries in the world. ____________
3. The economy of France is larger than India. _______________
4. GNP represents the market value of all final goods produced within a country in a given period. ______________
5. An expansion in GDP indicates a slowdown in a country's economy. _______________
6. Misery index is measured by adding unemployment rate to the annual growth rate. _______________
7. Economic equity is achieved by increasing the economy’s ability to produce. _______________
8. Secondary sector encompasses all economic activities associated with agriculture. _______________
9. Command economy is characterized by private ownership of economic resources. _______________
10. One driving force behind the growth of China’s economy is worker inefficiency. _______________
EXERCISE B
11. Currently, the global economy is roughly valued at
A. 160 trillion U.S dollars B. 50 trillion U.S dollars. C. 290 trillion U.S dollars.
D. 86 trillion U.S dollars. E. 900 billion U.S dollars.
12. Which of the following country groups has the largest share of the world economy in terms of nominal GDP?
A. Sub-Saharan Africa B. Latin America C. Middle East and Central Asia
D. Emerging and developing Asia E. Emerging and developing Europe
13. Which of these is not an economic indicator of in assessing the state of an economy?
A. Unemployment rate B. Inflation rate C. Net migration
D. Gross Domestic Product E. Net export
14. Assume that the size of the labor force is 60 million, and 55 million workers are employed. Based on this, the
unemployment rate is
A. 89.22%. B. 8.33%. C. 11.88%.
D. 15.66%. E. 9.55%.
15. The economic goal that is concerned with the absence of inflation is
A. price stability. B. economic efficiency. C. full employment.
D. balance of trade. E. economic growth.
35

EXERCISE C
Classification. Determine whether each of the following is associated with national economy or global economy. Write NE for
national economy or GE for global economy in the blank space provided.
21. The economy of China grew by 6.6% in 2018. _______________
22. US influences world trade that drives the global economic environment. _______________
23. Major advanced economies consisting of Canada, France, Germany, Italy, Japan, United Kingdom, United States in
the have a gross world product value of $39.6 trillion. _______________
24. Mexico ships US$450.5 billion worth of goods worldwide in 2018. _______________
25. Global trade value of commodities exported amounted to $19.5 trillion in 2019. _______________
26. South Africa, Africa’s second largest economy, increases its foreign exchange reserves increased from $3 billion to
nearly $50 billion. _______________
27. Tourism sector contributes 7.8% to the Philippine GDP in 2014. _______________
28. Gross world product in 2017 was around US$80.27 trillion in nominal terms. _______________
29. Financial crisis took place in 2007 where some Asian markets were heavily impacted. _______________
30. The unemployment rate of India increases at 6.1%. _______________
EXERCISE D
Matching Type. Match column A with the correct answer in column B. Write the letter of the correct answer in the blank
space provided.
31. Gross Domestic Product _______ A. 𝐶 + 𝐼 + 𝐺 + (𝑋 − 𝑀) + 𝑁𝑒𝑡 𝐹𝑎𝑐𝑡𝑜𝑟 𝐼𝑛𝑐𝑜𝑚𝑒 𝐸𝑎𝑟𝑛𝑒𝑑 𝑓𝑟𝑜𝑚 𝐴𝑏𝑟𝑜𝑎𝑑
32. Gross National Product _______ B.
𝐶𝑃𝐼2−𝐶𝑃𝐼1
𝐶𝑃𝐼1
33. Purchasing Power Parity _______ C.
𝑁𝑜.𝑜𝑓 𝑈𝑛𝑒𝑚𝑝𝑙𝑜𝑦𝑒𝑑
𝑆𝑖𝑧𝑒 𝑜𝑓 𝑡ℎ𝑒 𝐿𝑎𝑏𝑜𝑟 𝐹𝑜𝑟𝑐𝑒
x100
x
34. GDP Per Capita _______ D. 𝐶 + 𝐼 + 𝐺 + (𝑋 − 𝑀)
35. Inflation Rate _______ E. 𝐸𝑥𝑝𝑜𝑟𝑡𝑠 − 𝐼𝑚𝑝𝑜𝑟𝑡𝑠
36. Consumer Price Index _______ F.
𝐶𝑜𝑠𝑡 𝑜𝑓 𝐵𝑎𝑠𝑘𝑒𝑡 𝑖𝑛 𝑎 𝑔𝑖𝑣𝑒𝑛 𝑦𝑒𝑎𝑟
𝐶𝑜𝑠𝑡 𝑜𝑓 𝑏𝑎𝑠𝑘𝑒𝑡 𝑖𝑛 𝑏𝑎𝑠𝑒 𝑦𝑒𝑎𝑟
𝑥100
37. Unemployment Rate _______ G.
𝐺𝐷𝑃
𝑃𝑜𝑝𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑆𝑖𝑧𝑒
38. Net Export _______ H. 𝐸𝑈𝑅/𝑈𝑆𝐷
39. Exchange rate _______ I. 𝑈𝑛𝑒𝑚𝑝𝑙𝑜𝑦𝑚𝑒𝑛𝑡 𝑟𝑎𝑡𝑒 + 𝐼𝑛𝑓𝑙𝑎𝑡𝑖𝑜𝑛 𝑟𝑎𝑡𝑒
40. Misery Index _______ J.
𝐶𝑜𝑠𝑡 𝑜𝑓 𝐺𝑜𝑜𝑑 𝑋 𝑖𝑛 𝐶𝑢𝑟𝑟𝑒𝑛𝑐𝑦 1
𝐶𝑜𝑠𝑡 𝑜𝑓 𝐺𝑜𝑜𝑑 𝑋 𝑖𝑛 𝐶𝑢𝑟𝑟𝑒𝑛𝑐𝑦 2
EXERCISE E
Classification. Determine what economic goal is described in each of the following. Write the answer in the blank space
provided.
41. Exports exceeds imports. _______________
42. Fair or equitable distribution of income _______________
43. Best utilization and allocation of available resources _______________
44. Increased capacity of an economy to produce goods and services _______________
45. Stable source of financial income _______________
46. Ability of people to make choice and take economic actions _______________
47. Lack of inflation or deflation occurring with prices _______________
48. Labor force is fully employed in productive work _______________
49. Sustained rise in GDP growth _______________
50. Unemployment rate is zero _______________
36

EXERCISE F
Classification. Classify what sector of the economy does each of the following belong. Write P for primary sector, S for
secondary sector, or T for tertiary sector in the blank space provided.
51. Public administration _____________
52. Transportation _____________
53. Forestry _____________
54. Real estate _____________
55. Fishing _____________
56. Construction _____________
57. Agribusiness _____________
58. Financial intermediation _____________
59. Mining and quarrying _____________
60. Manufacturing _____________
EXERCISE G
Classification. Identify what type of economic system is described in each of the following. Write MA for market economy, CO
for command economy, MI for mixed economy, or TR for traditional economy.
61. Private individuals own most, if not all, the resources and control their use. ______________
62. Society produces what best ensures its survival. ______________
63. People are largely free to do what they want with the resources at their disposal. ______________
64. Government makes all economic decisions. _____________
65. People make economic decisions based on customs and beliefs. _______________
66. Private economic freedom mixed with a degree of government regulation of markets. ______________
67. Prices of goods and services are determined in a free price system. ______________
68. There is public ownership of resources and centralized planning. ______________
69. Major industries are owned by the state while the minor industries belong to the private sector. _____________
70. There is no free competition because the government is the only seller. ______________
EXERCISE H
Country Profiling. Research on the economic profile of the following countries. Fill in the matrix by indicating the 2019 data
on GDP, GDP per capita, unemployment rate, inflation rate, and net export value of these countries. Discuss their economic
performance briefly in general based on the indicators.
Country Economic Indicator (2019) Economic Performance
71. South Korea GDP (nominal): _____________
GDP Per Capita: ____________
Unemployment Rate: ________
Inflation Rate: ______________
Value of Net Exports: ________
72. Finland GDP (nominal): _____________
37

73. United Arab
Emirates
GDP (nominal): _____________
74. Venezuela GDP (nominal): _____________
75. Canada GDP (nominal): _____________
76. Philippines GDP (nominal): _____________
77. Angola GDP (nominal): _____________
78. Belgium GDP (nominal): _____________
79. Panama GDP (nominal): _____________
80. New
Zealand
GDP (nominal): _____________
38

EXERCISE I
81. Explain how does globalization influence the global economy?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
82. Compare and contrast national economy to global economy.
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
83. Explain how the global economy is measured.
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
84. Why are economic goals important to the economy?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
85. Why does U.S have larger economy than other countries?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
39

The Contemporary World Workbook

The Contemporary World Workbook

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to The Contemporary World Workbook

Similar to The Contemporary World Workbook (20)

More from Jameson Estrada Pangasinan State University

More from Jameson Estrada Pangasinan State University (20)

Recently uploaded

Recently uploaded (20)

The Contemporary World Workbook