1st Month Answers
1st Month Answers
1st Month Answers
This is a free association exercise of ideas. All you have to do is list all ideas you associate
with “globalization”. Based on the concepts you listed, synthesize your personal definition
of the globalization. Accomplish this activity in one whole sheet of paper.
Globalization makes it easier than ever to access foreign culture, including food,
movies, music, and art. This free flow of people, goods, art, and information is
the reason you can have Thai food delivered to your apartment as you listen to
your favorite UK-based artist or stream a Bollywood movie.
Many countries around the world remain constantly connected, so knowledge
and technological advances travel quickly. Because knowledge also transfers so
fast, this means that scientific advances made in Asia can be at work in the
United States in a matter of days.
Providing an incentive for countries to specialize and benefit from the
application of the principle of comparative advantage.
Access to larger markets means that firms may experience higher demand for
their products, as well as benefit from economies of scale, which leads to a
reduction in average production costs.
Globalization enables worldwide access to sources of cheap raw materials, and
this enables firms to be cost competitive in their own markets and in overseas
markets.
Seeking out the cheapest materials from around the world is called global
sourcing. Because of cost reductions and increased revenue, globalization can
generate increased profits for shareholders.
Globalization has led to increased flows of inward investment between
countries, which has created benefits for recipient countries. These benefits
include the sharing of knowledge and technology between countries.
In the long term, increased trade is likely to lead to the creation of more
employment in all countries that are involved.
It is the world economy which we think of as being globalized. We mean that the
whole of the world is increasingly behaving as though it were a part of a single market,
with interdependent production, consuming similar goods, and responding to the
same impulses. More simply, globalization refers to an open flow of information,
technology, and goods among countries and consumers. This openness occurs
through various relationships, from business, geopolitics, and technology to travel,
culture, and media.
Because the world is already so connected, most people don’t notice globalization
at work every single day. But the world is getting smaller, and companies need to
understand what this means for the future of doing business. Companies that don’t
embrace globalization risk losing a competitive advantage, which allows other
businesses to take over new opportunities in the global marketplace.
TASK/ACTIVITY RUBRICS:
Format: 15%
Citation and ethical integrity: 20%
Integration, organization, and elaboration of data, information, and points: 50%
Writing technicalities (narrative, grammar): 15%
The ITO was initially envisaged, along with the International Monetary Fund
(IMF) and the World Bank, as one of the key pillars of post-World War II
reconstruction and economic development. In Havana in 1948, the UN Conference on
Trade and Employment concluded a draft charter for the ITO, known as the Havana
Charter, which would have created extensive rules governing trade, investment,
services, and business and employment practices. However, the United States failed to
ratify the agreement. Meanwhile, an agreement to phase out the use of import quotas
and to reduce tariffs on merchandise trade, negotiated by 23 countries in Geneva in
1947, came into force as the GATT on January 1, 1948.
Although the GATT was expected to be provisional, it was the only major agreement
governing international trade until the creation of the WTO. The GATT system evolved
over 47 years to become a de facto global trade organization that eventually involved
approximately 130 countries. Through various negotiating rounds, the GATT was
extended or modified by numerous supplementary codes and arrangements,
interpretations, waivers, reports by dispute-settlement panels, and decisions.
During negotiations ending in 1994, the original GATT and all changes to it
introduced prior to the Uruguay Round were renamed GATT 1947. This set of
agreements was distinguished from GATT 1994, which comprises the modifications
and clarifications negotiated during the Uruguay Round (referred to as
“Understandings”) plus a dozen other multilateral agreements on merchandise trade.
GATT 1994 became an integral part of the agreement that established the WTO. Other
core components include the General Agreement on Trade in Services (GATS), which
attempted to supervise and liberalize trade; the Agreement on Trade-Related Aspects
of Intellectual Property Rights (TRIPS), which sought to improve protection of
intellectual property across borders; the Understanding on Rules and Procedures
Governing the Settlement of Disputes, which established rules for resolving conflicts
between members; the Trade Policy Review Mechanism, which documented national
trade policies and assessed their conformity with WTO rules; and four plurilateral
agreements, signed by only a subset of the WTO membership, on civil aircraft,
government procurement, dairy products, and bovine meat (though the latter two were
terminated at the end of 1997 with the creation of related WTO committees). These
agreements were signed in Marrakech, Morocco, in April 1994, and, following their
ratification, the contracting parties to the GATT treaty became charter members of the
WTO. By the 2020s the WTO had more than 160 members.
The WTO also has working relations with many other organizations. Here, these are
listed according to the Secretariat divisions that work with them.
Cooperation, by subject
Agriculture
Development
Environment
SPS section of the WTO website: The SPS Agreement refers to the international
standards of the “three sisters” — Codex Alimentarius (for food), the World
Organization for Animal Health, and International Plant Protection Convention
— and the SPS Committee works closely with them.
Standards and Trade Development Facility (STDF): a joint initiative of the World
Trade Organization, World Health Organization, World Bank, World Organization
for Animal Health, and Food and Agriculture Organization
Organizations with observer status in the WTO SPS Committee
Organizations with which the WTO Agriculture and Commodities division has a
working relationship
Market access
Services
Trade Finance
Intellectual property
Organizations with observer status in the WTO's Trade Policy Review Body
Organizations with which the WTO's Trade Policy Review Division has a working
relationship
Government procurement
See also:
NGO gateway: participation of NGOs in WTO Ministerials and Public symposium, and
documents submitted to WTO by NGOs.
1 September New
3 Mike Moore 1 September 2002
1999 Zealand
Supachai 1 September
4 1 September 2005 Thailand
Panitchpakdi 2002
1 September
5 Pascal Lamy 1 September 2013 France
2005
incumbent
1 September
6 Roberto Azevedo (planned on 31 Brazil
2013
August 2020)[4]
Get tariff data — includes explanations of bound and applied rates, the HS
system and related jargon
See the goods schedules gateway for explanations and background
Current situation of goods schedules
Philippines' Uruguay Round goods schedules (zip format, 173KB)
Bound tariffs at HS 6-digit subheading level
Latest available MFN applied tariffs at HS 6-digit subheading level
back to top
Achieving higher living standards, full employment and sustainable development is the aim of
the WTO’s member governments, as expressed in the WTO’s founding Marrakesh Agreement.
The means for achieving this include the “substantial reduction of tariffs and other obstacles to
trade”.
This process of trade opening takes place in the framework of WTO rules, which take into
account the fact that some countries are better equipped than others to open their markets widely.
Some countries, for instance, have a more advanced legal, regulatory and physical infrastructure
than others. Generally speaking,it is easier for developed countries to open their markets than for
many developing countries.
As a result, average tariffs (import duties) in developed countries, at least for manufactured
goods, are much lower than in developing countries — although this is not true in every case or
for every product. Moreover, competition in the marketplace can be a powerful stimulus to
companies seeking new ways of making things better and more cheaply. An infusion of new
ideas from other countries can make companies more productive. So can enhanced access to
export markets. But doing things more productively often means doing more with less and that
can mean using fewer workers. Inevitably, this means that some workers in some industries will
lose their jobs.
Underlying the WTO’s trading system is the fact that more open trade can boost economic
growth and help countries develop. In that sense, commerce and development are good for each
other.
In addition, the WTO agreements are full of provisions that take into account the interests of
developing countries. Over three-quarters of WTO members are developing or least-developed
countries. All of those in the queue to join are likewise developing countries. Whether the
interests of developing countries are well enough served in the WTO is a subject of continuing
debate. But even the most critical developing countries acknowledge that the system offers them
benefits.
In fact, few economists dispute that properly handled, trade is essential for development.
All WTO agreements contain special provisions for developing countries, including longer
periods to implement agreements and commitments, measures to increase their trading
opportunities and support to help them build the infrastructure for WTO work, handle disputes,
and implement technical standards. Least-developed countries receive special treatment,
including exemption from many provisions.
Policy reforms pursued by the Philippines over an extended period have resulted in a more open,
competitive economy which was able to withstand relatively unscathed the Asian financial crisis.
A new WTO report on the trade policies of the Philippines concludes that this provides a
generally good example of the advantages of structural reform in overcoming macroeconomic
shocks. The report also suggests that the Philippines could derive further benefits, including for
its consumers, from more outward oriented, as opposed to an export-oriented trade and
investment regimes. The new WTO Secretariat report, along with a policy statement by the
Philippine Government, will serve as a basis for the Trade Policy Review of the Philippines
which will be conducted by the Trade Policy Review Body of the WTO on 27 and 29 September.
Since the previous Trade Policy Review of the Philippines in 1993, policy reform has continued
to open the economy, going a long way to correcting the misallocation of resources associated
with earlier trade and industrial policies. Non-tariff trade barriers have been largely removed and
tariff protection has been sharply reduced, with MFN duties currently averaging just over 10%
compared with almost 26% in 1992. More liberal investment policies and the privatization
programme have widened the choice of sectors for domestic and foreign private investors, and
together with sound macroeconomic policies were instrumental in boosting real GDP growth to
an average annual rate of 5% between 1994 and 1997; subsequently, those policies have also
helped soften the impact on the Philippine economy of the Asian financial crisis.
TASK/ACTIVITY
Reading material: Schattle, H. (2014). “Governments and Citizens in a Globally Interconnected World of
States”. In The SAGE Handbook of Globalization. SAGE Publications Ltd. Pp. 931-950 [e-copy pagination]
In one whole sheet of paper, explain your answers clearly. Support your claims with facts. Draw your
answer from your study and understanding of the material. 30 points.
Resources:
Schattle, H. (2014). Governments and citizens in a globally
interconnected world of states. In The SAGE Handbook of Globalization
(pp. 105-122). SAGE Publications Inc..
https://doi.org/10.4135/9781473906020.n7
THINKPIECE:
As we have familiarized ourselves with the mandate and institutional
nature of the United Nations, let’s take a closer look at its role in the
world and in the country. In your paper,
1. Explore the importance of the United Nations for the global interstate
system, why do we need such international organization; and
- The United Nations is an international organization founded in 1945
after the Second World War by 51 countries committed to maintaining
international peace and security, developing friendly relations among
nations and promoting social progress, better living standards and
human rights. Due to its unique international character, and the
powers vested in its founding Charter, the Organization can take
action on a wide range of issues, and provide a forum for its 193
Member States to express their views, through the General Assembly,
the Security Council, the Economic and Social Council and other
bodies and committees.
- The work of the United Nations reaches every corner of the globe.
Although best known for peacekeeping, peacebuilding, conflict
prevention and humanitarian assistance, there are many other ways
the United Nations and its System (specialized agencies, funds and
programmes) affect our lives and make the world a better place. The
Organization works on a broad range of fundamental issues, from
sustainable development, environment and refugees protection,
disaster relief, counter terrorism, disarmament and non-proliferation,
to promoting democracy, human rights, gender equality and the
advancement of women, governance, economic and social
development and international health, clearing landmines, expanding
food production, and more, in order to achieve its goals and
coordinate efforts for a safer world for this and future generations.
The UN has 4 main purposes
- To keep peace throughout the world;
- To develop friendly relations among nations;
- To help nations work together to improve the lives of poor people, to
conquer hunger, disease and illiteracy, and to encourage respect for
each other’s rights and freedoms;
- To be a center for harmonizing the actions of nations to achieve these
goals
2. Cite three (3) instances where the United Nations has helped,
influenced, and/or affected the Philippines in any way (be it in policy
making, human rights, calamities and disasters, and diplomacy).
Provide necessary details of each instance.
1. Over the last decade, disaster relief and recovery has also become
an increasingly important area of assistance to the Philippines.
The United States has provided over $143 million in assistance to date to
the people of the Philippines in relief and recovery efforts after Typhoon
Haiyan/Yolanda devastated the country in 2013. The United States
continues to support long-term reconstruction and rebuilding efforts,
and has allocated over $60 million to support ongoing humanitarian
assistance and stabilization funding in response to the Marawi siege.
2. The United States and the Philippines have a strong trade and
investment relationship
With over $27 billion in goods and services traded (2086). The United
States is one of the largest foreign investors in the Philippines, and is the
Philippines’ third-largest trading partner.