Republic of The Philippines University of Eastern Philippines University Town, Catarman Northern Samar
Republic of The Philippines University of Eastern Philippines University Town, Catarman Northern Samar
Republic of The Philippines University of Eastern Philippines University Town, Catarman Northern Samar
GE 5
CONTEMPORARY WORLD
SUBMITTED BY:
JUBERT TACO LUCBAN BSEE-3
Student
SUBMITTED TO:
Mr.RAINVILLE R. BALASE
Professor at College Of Arts And Communication
MIDTERM EXAMINATION
I. Essay:
2. In economic globalization, do you agree that rich countries become richer and poor
countries become poorer? Why or why not?
Answer:
Yes because poverty continues to be a grave concern throughout the world. In fact,
poor people are becoming poorer. This phenomenon will have a negative impact on
global economy. This huge income disparity between the rich and the poor has
numerous negative impacts on the society. On the one hand, rich people earn a lot of
money and this enables them to have access to the most expensive luxuries of life.
On the other hand, throughout their lives poor people struggle to make both ends
meet. The enormous gap in the economic conditions has a lot of ramifications for the
growth of a nation. There may be a lot of intellectual man-power, hidden talents and
skills among the poor, who can definitely outshine the abilities of the rich people, if
given a fair chance. These human resources that may significantly contribute to the
development of a nation go untapped.
3. What are the pros and cons of the different types of market integration?
Answer:
As a B2B integrated agency ourselves, we could go on, and on about the benefits of
integrated marketing. But in the interest of brevity, we've picked just a few of the top
pros to share with you here;
You'll develop more trust; consistent reliability and reliable consistency helps your
customer to know and to trust you. Your brand will be more easily recognized;
looking the same way, speaking the same way and giving the same clear message at
every touch point is guaranteed to help customer recognized you faster and more
easily.
The message becomes more concentrated: instead of diluting your message by
opting for a scattergun approach, you'll be focusing it and concentrating its effects,
both on your customer and internally within organization too.
Your budget goes further: when everyone from SEO genius to your sociy medyo
manager and focused on the same message and goal, thing get cheaper. Duplicated
effort are less, likely transactional costs are minimized through standardized branding
and promotional collateral and design and print costs will benefit from being scaled
up.
You'll make more money: There are plenty of case studies out there which show a
direct benefits to revenue from integrated customer journey. In facts, in some cases,
integrated marketing has been shown to produce double sales value year on year.
It's what your customer's want: As we discussed earlier, customer are crying out for
consistency marketing and shopping experience, so why on Earth wouldn't give you
it to them? Chances are many on your competitors are not giving it to them either, so
you'll be a step ahead of you take the lead in this initiative.
If you are looking a market strategy that offers a biggest impacts, the best ROI and
the highest chance of success, integration is for you.
CONS OF INTEGRATED MARKETING
Not everything about integrated marketing is roses and white picket fence thought.
Here are some of the thing we've watched brands struggle within the past.
Itsy not easy: It takes a shift in mindset to get integration really work for you. You'll
need to plan meticulously in order to get it right, and will different types of marketing
as different "department" or teams because it's all one big animal now.
II. Definition:
The economic globalization has several interwoven dimensions such as; 1) the
globalization of trade of goods and services; 2) the globalization of financial and
capital markets; 3) the globalization of technology and Communication; and 4) the
globalization of production.
2. World system
Answer:
A world-system is a socioeconomic system, under systems theory, that
encompasses part or all of the globe, detailing the aggregate structural result of the
sum of the interactions between polities. World-systems are usually larger than single
states, but do not have to be global.
3. Economic integration
Answer:
Economic integration is the unification of economic policies between different states,
through the partial or full abolition of tariff and non-tariff restrictions on trade.
The trade-stimulation effects intended by means of economic integration are part of
the contemporary economic Theory of the Second Best: where, in theory, the best
option is free trade, with free competition and no trade barriers whatsoever. Free
trade is treated as an idealistic option, and although realized within certain developed
states, economic integration has been thought of as the "second best" option for
global trade where barriers to full free trade exist.
Economic integration is meant in turn to lead to lower prices for distributors and
consumers with the goal of increasing the level of welfare, while leading to an
increase of economic productivity of the states.
4. Contemporary world
Answer:
Contemporary world is a process of innovation in terms of technology, trade or
markets and global competence. It deals with problems and issues related to the
environment, population, wealth, power and tensions and conflicts. studying these
problems and issues, adults learn to understand the nature of the relationships that
form between societies and the way in which these relationships shape the
organization of the world today.
5. Globalization
Answer:
Process of international integration arising of world views, products, ideas, and other
aspects of culture.
Globalization is the process of interaction and integration among people, companies,
and governments worldwide. Globalization is primarily an economic process of
interaction and integration that is associated with social and cultural aspects.
However, disputes and diplomacy are also large parts of the history of globalization,
and of modern globalization.
Economically, globalization involves goods, services, data, technology, and the
economic resources of capital. The expansion of global markets liberalized the
economic activities of the exchange of goods and funds. Removal of cross-border
trade barriers has made the formation of global markets more feasible. Advances in
transportation, like the steam locomotive, steamship, jet engine, and container ships,
and developments in telecommunication infrastructure, like the telegraph, Internet,
and mobile phones, have been major factors in globalization and have generated
further interdependence of economic and cultural activities around the globe.
6. Market integration
Answer:
Market integration occurs when prices among different locations or related goods
follow similar patterns over a long period of time. Groups of goods often move
proportionally to each other and when this relation is very clear among different
markets it is said that the markets are integrated. Thus, market integration is an
indicator that explains how much different markets are related to each other. A
marketer plays the role of an integrator in the sense that he collects feedback or vital
inputs from other channel members and consumers and provides product solutions
to customers by coordinating multiple functions of organization.