please read the content notes for your reference and answer exercise 1 and 2

Exercise 2: Fill out the blank boxes with your definition of Forms of globalization based on your notes. In the second box, give the facts/ characteristics. In the 3'd box, you can list down some examples and in the 4th box, you can list down the non-examples. FORMS OF GLOBALIZATION FACTS/CHARACTERISTICS DEFINITION EXAMPLES NON-EXAMPLESB. MAIN LESSON Activity 1: Content Notes (13 mins) What do you know about Westernization? Of course, when you talk of Westernization, we need to consider Globalization where this thing happens. Because of Globalization, western countries were able to transmit their ideas, beliefs, and practices adopted by other countries, such as politics, economy, technology, industry, and culture. International trade was freely conducted, and other countries enjoy the benefits of the goods and services produced and business worldwide. The cultural transformation happened, wherein Other societies adopt western ideas on things. FORMS OF GLOBALIZATION 1. Economic Globalization The concept of Globalization as a whole is mainly economic. Globalization has emerged and developed largely as an economic concept and system. Economic Globalization is the financial connection of a country with the global economic system. Globalization in the economic field is free economic adoption. This removes the regulatory rules imposed on a country's economic affairs and exposes the domestic economy to the world. Features of Economic Globalization Prominent economist Peter Drucker in his New Realities, discusses the economic features of Globalization. They are: Due to Globalization, international organizations have spread globally to make the entire world a mere production and product-service market. The main objective of the global economy is to maximize the market. Investment in the globalization process has become a trade, not an investment in the trade. Due to Globalization, the power to make decisions is transferred from the national state to the regional alliances. In the globalization economy, the management system dominates as a component of production. The transaction of money mainly drives globalization. Again, the existence of an individual response to these financial transactions is seen. Unproductive foreign capital creates adverse effects on the global market. In economic Globalization, there is a process of almost spontaneous lending, finance, and investment throughout the world. Information beyond the borders of the national state organizes this process.2. Political Globalization Political ideology is often referred to as one of the characteristics of Globalization. That is, the expression of Globalization also occurs in political ideology. The transformation of liberalism is called an example of political ideology in the process of Globalization. Moreover, the emergence, development, and expansion of Non- Governmental Organizations (NGOs) as an expression of political Globalization; The role of the national states is to refer to the part of climate change and so on. The expression of political Globalization has occurred in international organizations. All these organizations exceed the national boundaries. Extending the edges of the single state of the international organization extends to the global sphere of many states. There are many and many international organizations in the present world. Most of these were formed in the aftermath of World War II. Notable examples of this are the United Nations Organization (UNO), the European Economic Community (EEC), the World Bank, the International Monetary Fund (IMF), and the World Trade Organization (WTO), etc. Theoretically, nation-states can take the initiative in organizing international organizations in a coherent and organized manner without sacrificing their sovereignty. Transnational-state boundaries may force international institutions to impose their will on states. 3. Financial Globalization Financial Globalization can be linked with the rise of a global financial system with international and monetary exchanges. Stock markets, for instance, are a great example of the financially connected global world since when one stock market has a decline, it affects other markets negatively as well as the economy as a whole. Activity 2: Check for Understanding (5 mins) (18 mins + 2 mins checking) Exercise 1: You need to answer the question in your own words. If you will be given a chance to have money for investment, would you choose the Stock market? Yes/No/Why