1. Explain the meaning of Globalization based on your own point of view. 2. Explain the effects of globalization to Industrial Financial, Economic, Political, Legal/Ethical, Language. Competition, Cultural, Ecological, Social, and Technical aspects of the society. 3. Explain the effect of Political Globalization to the Philippines especially now in time of pandemic.

Some reference for the question 1:

B. Effects of Globalization: Globalization has various aspects which affect the world in several different ways such as: INDUSTRIAL emergence of worldwide production markets and broader access to a range of foreign products for consumers and companies. Particularly movement of material and goods between and within national boundaries. FINANCIAL emergence of worldwide financial markets and better access to external financing for borrowers; emergence of under or un-regulated foreign exchange and speculative markets. - ECONOMIC - realization of a global common market, based on the freedom of exchange of goods and capital. - POLITICAL some use "globalization" to mean the creation of a world government, or cartels of governments (e.g. World Trade Organization, World Bank, and International Monetary Fund) which regulate the relationships among governments and guarantees the rights arising from social and economic globalization. LEGAL/ETHICAL The creation of the international criminal court and international justice movements Crime importation and raising awareness of global crime-fighting efforts and cooperation. - LANGUAGE the most popular language is English. About 75% of the world's mail, telex, and cables are in English. Approximately 60% of the world's radio programs are in English. About 90% of all Internet traffic is using English. - COMPETITION Survival in the new global business market calls for improved productivity and increased competition. many industries around the world doing the same thing, so Industries have to upgrade their products and use technology skillfully to compete.- cu LTUI'tiL ' '" ' I growth of cross-cultural contacts I the desire to increase one's standard of living and enjoy foreign products and ideas, adopt new technology and practices. and participate in a "world culture". I ECOLOGICAL I the start of global environmental challenges that might be solved with international cooperation, I climate change, cross-boundary water, air pollution, over-fishing I factories are built in developing countries with less environmental regulation which may increase pollution. I SOCIAL I Spreading of multiculturalism, and better individual access to cultural diversity through media. I Greater international travel and tourism I Greater immigration, including illegal immigration I Worldwide fads and pop culture, i.e. Pokemon. Sudoku, YouTube, MySpace, Facebook. Accessible to those who have Internet or Television. I TECHNICAL I Development of a global telecommunications infrastructure and greater data flow even into the world's most remote areas I Internet: creation and proliferation of information via the internet & world wide web I communication satellites: broadcast information through space around the planet nearly simultaneously allowing for communications almost everywhere on earth. I TECHNICAL I Television: information from around the world can be seen anywhere in the world I submarine fiber optic cable I wireless telephones I Increase in the number of standards applied globally; e.g. copyright laws, patents and world trade agreements. H. Political Globalization United Nations is one example of Political Globalizations. Its main objectives are: to maintain international peace and security and promoting human rights and global development.A. Definition of Globalization: - is often used to refer to economic globalization, that is, integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. I increases the possibilities of personal exchange, mutual understanding and friendship between \"world citizens\". - Academically speaking, Globalization is \"The expansion & INTENSIFICATION of social relations and consciousness across the world, time and world space\