Activity 3: Weighing the Market The history of global market brought positive and negative effects through time. At this point, markets will be assessed through your own perspective provided that you already had a good grasp of the different concepts in economic and financial globalization. This activity will help you understand the benefits and harms of global economic processes, structures, and technologies Directions: Listed below are the scenarios that have to do with the economy. Discuss the major Impacts of these scenarios whether they are positive or negative (for you, for the country, or for the Filipinos) The “ Case-by-Case” column can be used. Justify your answers.
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In developed countries, knowledge-based economies are characterized by the development of information services, and production processes are increasingly determined by the quality of such factors as information, technology, innovations, patents, etc. In addition, analogous standards of telecommunications, transaction, market, financial systems, etc. operate in different countries. Globalization is therefore still progressing.
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