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The document summarizes what the author learned from six different group presentations: 1) Inflation, supply and demand issues, and terms like globalization and liberalization contribute to currency fluctuations. Ways to strengthen the Philippine peso were also discussed. 2) The Philippines gained independence with US help. Spanish rule included forced labor, and "Mickey Mouse money" was used under Japanese rule with no value. 3) Causes of poverty and how to alleviate it were covered, as well as corruption being a primary cause of income inequality. Communism was defined. 4) High unemployment and economic conditions drive Filipinos to work abroad. Skills are less important than education for jobs in the

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Russ Fajardo
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24 views2 pages

Untitled

The document summarizes what the author learned from six different group presentations: 1) Inflation, supply and demand issues, and terms like globalization and liberalization contribute to currency fluctuations. Ways to strengthen the Philippine peso were also discussed. 2) The Philippines gained independence with US help. Spanish rule included forced labor, and "Mickey Mouse money" was used under Japanese rule with no value. 3) Causes of poverty and how to alleviate it were covered, as well as corruption being a primary cause of income inequality. Communism was defined. 4) High unemployment and economic conditions drive Filipinos to work abroad. Skills are less important than education for jobs in the

Uploaded by

Russ Fajardo
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
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Russ Fajardo

FDN-ECON C43C

During Group 1’s presentation. The first thing I learned during our presentation was
that ongoing inflation and supply and demand issues are contributing factors to
currency fluctuations. Second, I was introduced to terms like globalization, which
refers to a country's reliance on other countries, and liberalization, which refers to
foreign companies becoming more willing to do business in the Philippines. Finally, I
learned about possible ways to strengthen the Philippine peso, such as making
exports more competitive, supporting local businesses, and raising interest rates.

During Group 2’s presentation. first, I learned about the political independence of the
Philippines with the help of the United States. Second, during the Spanish rule, Polo
y Servicios forced Filipino men between the ages of 16 and 60 to work for 40 days; To
simply put, it was equated to slavery. Finally, Mickey Mouse money, which was used
during the Japanese rule, had no monetary value and was only referred to as such
because of its resemblance to play money.

During Group 3’s presentation. first, I learned about the causes of poverty and how to
alleviate it. Second, I discovered that one of the primary causes of income inequality
in the Philippines is corruption. Finally, Communism is an ideology that advocates for
a classless society in which all property is collectively owned.

During Group 4's presentation. first I learned that due to the high unemployment rate
and economic conditions in the Philippines, Filipinos prefer to work abroad. Second,
finding a job in the Philippines can be difficult because skills are less important to
employers than educational attainment. Finally, even if a person is unable to complete
college, they will be able to find jobs abroad that offer high salaries and additional
benefits.

During Group 5's presentation. first, I learned that K-12 is an opportunity to master
skills and competencies, which gave me insight and helped me change my perspective
beyond thinking of it as an extra two years. Second, due to the supply and demand for
education, although there are many schools in the Philippines, not all students can
enroll due to overpopulation and high tuition fees. Finally, simply graduating from
Senior High School does not guarantee a job.

During Group 6's presentation. The group first discussed how the unemployment rate
had risen. Second, I learned how the pandemic played a role because some jobs
require people to go outside, which was impossible during the early stages of the
pandemic in 2020 due to the COVID virus spreading. Finally, I learned that
unemployment can lead to debt, poverty, and increased crime rates, all of which can
be disastrous and cause future problems.

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