Thank you Sir Krippe!! This lesson taught me the value of global economy and how it affects different countries and its citizens. Learning about the global economy is very important and crucial for me as a college student because as I enter the real worlds it helps me to analyze the global economy and help me decide on what career I should pursue that will help me become financially stable, it also help me to be more culturally aware, this help me to develop a broader perspective in cultural and economical issue that we face and helps me to create decisions that would mitigate these problems.
Thank you, Sir Krippe. From my perspective as a student, I believe that comprehending economic globalization is crucial because it makes it easier for me to realize how interconnected the globe is and how this influences everything from consumer pricing to work prospects. It is essential that we acquire knowledge pertaining to the positive attributes, like reduced costs and expanded market accessibility, as well as the negative features, such job displacement or unemployment and economic disparities. With this knowledge, I can make more informed professional decisions, navigate the global workforce with greater ease, and thoughtfully contribute to discussions about how local economies and communities are impacted by globalization.
I love that this lecture video of Sir Krippe is concise yet delivers very insightful and comprehensible content. In the span of approximately 20 minutes, the students are equipped with the fundamental knowledge on the global economy, especially on its disadvantages and advantages to certain countries (e.g., 3rd World perceive cheaper cost as a disadvantage, the Western World views this a a benefit).
Thank you, po, Sir Krippe! I've learned many things while watching your video. Economic integration has advantages that create job opportunities, price reductions, connections, or collaboration between other countries; however, there are also some disadvantages like political issues, financial instability, and cultural differences. While knowing these advantages and disadvantages of economic integration, I can now be aware of how our country and other countries economies work.
Thanks po sir Krippe! After watching the lesson I now have a better understanding of what globalization is, its scale, and more importantly economic globalization. Economic interdependence or the intertwining is what defines economic globalization from what I learned, only after finishing the lesson did I realize the effects or the impact of economic globalization on individuals like myself from being able to use products from across the globe and having opportunities to work beyond the countries borders to its impact on countries as a whole. Another key thing I learned from the lesson is economic integration or the agreements between countries to the flow of goods and services from one border to another which varies from limiting taxes like tariffs from hindering imports to creating groups or Unions that remove trade barriers and have a unified trade policy all of which help the interconnectedness of the countries involved.
Thank you po, Sir Krippe! Because of this, I learned that economic globalization involves a complex connection of interdependence among countries, where goods, services, and technologies circulate globally. This interconnectedness can bring benefits, like enhanced global reputation and cost-effective labor, but it also comes with challenges such as political issues and cultural differences. Understanding this balance is important for the global economy.
Thank you, Sr. Krippe for this wonderful presentation and lecture about the global economy. I have learned a lot about this topic, like the benefits of globalization to the economy, benefits of business owners, benefits for the consumers, benefits for the suppliers, etc. It is such an eye opener to know that globalization is not just about the simple moving of different goods to different parts of the world, but rather, it is an entire system of very delicate and very detailed operations on how not just products but information, technology, and most importantly, money circulate around the world. Aside from these, other things that I have found to be a great lesson to me is how globalization effects the ways the economy works. By having more foreign business, it allows the local people to have more jobs, which can directly impact their livelihood by reducing the cost of goods. Globalization can be a great driving force for partnerships; it can be beneficial to both parties involved. In the modern world, globalization is a must for a country's economy and for its people to strive.
Thank you, Sir Krippe! I now know what Global Economy is all about, you taught us what are the huge benefits of going global, having more opportunities through the use of Global economy and showing us what are the potential pros of going global such as increase in Global Reputation, Cheaper Labor Costs, Local Employment and more, you also showed us what are the Cons of Going Global such as Political Issues, Increase in Crime Rate, A possibility of War, Cultural Differences and Financial Instability, by showing us both the Pros and Cons showing us that going global has a price and widening our perspective. You also showed us what are the major drives in globalization which are Technological Innovations and Many more. You also showed us what Economic Integration is, which is the agreement of countries to trade goods.
The Importance of Learning Economic Globalization Thank you Sir Krippe! From the lecture video, I have learned that Economic Globalization is an integral part of the economy of the modern world. It allows the economies of nations to trade more freely, acquire cheaper labor and supply, and to establish partnerships among many others. I have also learned of the term "Economic Integration" which to me, is a manifestation of Economic Globalization. It establishes laws and agreements between nations to permit capital, labor, and product trade to and from their borders. It provides trade benefits, employment, and encourages political cooperation. Of course, the Pros or positive effects of Economic Globalization have equivalent cons or negative effects, which were also discussed. Political issues, crimes and war, cultural differences, and Financial instability are negative things that cause or are caused by Economic Globalization. Among this, the worst by far is "Capital Flight", which is the large-scale departure of corporations, capital, and profit from a country due to financial instability. To sum up, Economic Globalization is a fundamental concept/practice of modern society as it boosts nations' economies which in turn benefits investors, business owners, and most importantly, consumers.
Thank you po Sir Krippe, for the enlightening discussion on The Global Economy! I now realize that with globalization comes risks as well, such as capital flight, affecting labor market balance in the local economy. Your observation on how economic integration becomes less expensive and increases trade helped me understand the need to attain a kind of balance when venturing into global markets. This lecture has really made me appreciate the complexities of the global economy and how they influence business decisions.
One of the most important learnings from this lesson is that the global economy is very, very interconnected. It's fascinating how the products we use daily, laptops and cellphones, for example, are made from all materials sourced all over the world. Economic globalization can be beneficial to us in terms of price and job opportunities, but challenges include misunderstandings about culture and just a few forms of social injustices. Understanding these complexities is critical as we navigate an increasingly globalized world.
Thank you, sir Krippe! One of the things I was able to get from the talk on the global economy and the economic globalization is that the connectedness of the economies produces, indeed, both, advantages and disadvantages. The movement of products, services, and labor crosswise countries is an aspect of economic globalization, this is an advantage to organizations as shipping costs are low and they can have a global reach. However, it also bears them with the risks such as political unrest and social disparities, especially wage gaps and working conditions. Therefore, we have to be aware of different types of economic integration, such as free trade agreements and customs unions which play a pivotal role in the exchange of goods on a global scale without losing national interests.
Thank you po sir Krippe! As a student po, an important learning about this topic "the global economy" is understanding how interconnected countries are through trade, technology, and finance. It highlights the impact of global events on local economies, the importance of international collaboration, and how economic policies can influence job markets, prices, and opportunities worldwide.
Thank you po Sir Krippe!! Your topic and lessons on economic globalization have taught me a lot. Globalization of the economy has many benefits for a nation, but it also has drawbacks. To sum up, there are advantages and disadvantages to economic globalization for a nation. Globalization of the economy can be beneficial to the nation and present many opportunities.
Thank you, Sir Krippe! From the video, I gathered that economic globalization has brought us closer together, enabling the exchange of goods, services, and resources across borders. This process is fueled by advancements in technology and the lowering of trade barriers, which can lead to increased efficiency and job opportunities. However, it also presents significant challenges, such as the potential weakening of national sovereignty and the exploitation of workers. As we navigate this interconnected global landscape, it's crucial to prioritize fair labor standards and sustainability, ensuring that globalization's advantages are distributed equitably while safeguarding both people and the environment.
Thank you po Sir Krippe. by watching this video, I learned that economic globalization has a positive effect on improving our country such as increasing our global reputation, decreased prices of products, this also helps our country on establishing more connections worldwide. However, I learned that there is also a negative impact on going global. Capital Flight encourages the the people of a country to seek higher paying jobs in different countries which leads to the decline of employment in our own country.
Thank you, Sir Krippe! I learned that the Economic Globalization are becoming more interdependent due to factors like the expansion of international financial flows, the wide and quick spread of new technology, and the size of cross-border commerce in goods and services. And also how the world is interconnected through globalization like we need to cherish every thing that is happening to our world.
Thank you po, Sir Krippe, It opened my eyes to how our economies are all linked, like a big web. I never realized before how something happening far away can impact our jobs and lives right here. The part about trade agreements was especially interesting-it made me think about how they influence the things we buy every day. This lesson has inspired me to stay informed about global issues, as they affect us all in so many ways.
Thank you po, Sir Krippe! I learned that the global economy is connected with other countries relying on technology, capital, good and services, and trading. Global economy also creates some opportunities for economy for economic expansion and advancement, but it also cause some issues with inequality, labor exploitation, and about the environment of our country.
Thank you so much po, Sir Krippe!! The discussion on the global economy and economic globalization taught me that an interdependent economy also has positive as well as negative aspects. One of the features of economic globalization is the cross-border movement of goods, services, and labor, which-though it may reduce shipping costs-benefits the organizations going to cross borders. Still, on the other hand, it poses the risks of political instability and social inequalities, such as wage disparities and poor working conditions. In this regard, it is necessary to consider various types of economic integration, namely free trade agreements and customs unions, which are of direct interest in the facilitation of global trade within the protection of national interests.
Thank you po for the video, Sir Krippe! After watching this, I've come to understand how economic globalization works and how it is important for us students to learn about it, as this knowledge would be vital for us in the future when navigating complex global economy and making informed decisions regarding international markets
Thank you for the lesson Sir Krippe! Not only did I learn about the definition of economic globalization, I was also introduced to the concept that such things can impact our lives both positively and negatively. Having sufficient knowledge about this matter will not only make us smarter in general, but it can also aid us in identifying and addressing contemporary issues in our communities. Economic globalization can impact us by providing us with opportunities such as economic integration and access to global markets, but it also comes with some challenges such as political and social backlash.
Thank you so much po, Sir Krippe!, I learned about the process by which economies all over the world become more interconnected through cross-cultural trade in products, services, and money is known as economic globalization. The advantages can include a stronger global reputation, lower costs for labor and operations, and the creation of jobs. But there are drawbacks as well, such as the possibility of money leaving the nation, social inequality, and a common culture.
Thank you po, Sir Krippe. I learned that globalization connects countries through trade and finance, impacting goods, jobs, and market dynamics. It offers opportunities like economic growth, access to new markets, job creation, and lower prices through free trade and reduced tariffs, while also presenting challenges.
Thanks po Sir Krippe, I learned many things about economic globalization and understand how countries trade, businesses grow, and money moves worldwide.
Thank you po sir Krippe! ❤ I learned that economic globalization brings both advantages and disadvantages. On the positive side, it creates jobs, lowers prices, and encourages global partnerships. However, it can also lead to social injustices, like poor working conditions and political instability in some regions. Understanding these pros and cons helps me appreciate the complexity of how countries interact economically.
Thank you po, Sir Krippe. I've learned about the global economy, including the benefits and risks of economic globalization. It also explains the factors that make globalization easier and how it affects local businesses. Political and social issues that come with it are also discussed. It's important to understand the different types of economic integration and the pros and cons of each.
Thank you for the lecture, Sir Krippe ! Watching the whole lecture about the global economy made me aware of how the government assist the foreign countries when it comes to managing business and economic talks, and with the depth of this lesson, I've learned the pros, cons, as well as the drivers of globalization and how it affects us as citizens and local buyers of products. While globalization offers numerous opportunities for growth and development, it is important to acknowledge that its benefits are not distributed evenly, and it can create inequalities if not managed responsibly.
Thank you, Sir Krippe! My most important learning from this lesson is understanding how economic globalization shapes the world by increasing interdependence among countries. It highlights both the benefits, like job creation and global partnerships, as well as the challenges, such as financial instability and cultural differences. This lesson really made me think about the balance needed in global trade and economic integration to ensure fairness for all nations.
Thanks po, Sir Krippe! I learned more about the world economy and how the system influences so many parts of our world. It can be seen and understood that the global economy shapes political decisions, work markets, and financial systems. As well as in the distribution of products and services into the worldwide nations. It is more than that, though it becomes a bridge, providing an opening to connect the very diverse cultures into the exchange of ideas. Beyond this, the level of interconnectivity also fosters an increase in appreciation and understanding from one community towards others.
Thanks po Sir Krippe. while watching the lesson, I have learned that economic globalization can positively impact our country by improving our global reputation, building international partnerships, reducing costs, and creating local jobs through Economic Globalization. While there are some risks, such as political problems, higher crime rates, and financial instability, these can often be managed with awareness and careful planning. but the benefits of globalization can be endless, in a sense that it can pave the way for our products and services to grow globally.
Thank you, Sir Krippe. I learned a lot about Economic Globalization and realized how impactful the connection between countries can be. It promotes economic growth, innovation and freedom, but it also has negative effects, such as political issues, capital fight, and many more.
Thankyou sir Krippe!! I now have a better understanding of the global economy. You have shown us the many advantages of going global, including increased opportunities, lower labor costs, local employment, and a boost in global reputation. You have also demonstrated the drawbacks of going global, including political unrest, a rise in crime, the possibility of war, cultural differences, and financial instability. Seeing both the positive and negative aspects of going global has broadened our perspective. You have also shown us the main forces behind globalization, which include technological innovations and many others. Finally, you have explained what economic integration is-a trade agreement between nations. -Elija Herradura (CE1E)
Thank you po, sir Krippe! You have taught me about the global economy in regards to globalization. From the definition of Economic Globalization to disadvantages of Economic Integration. I have learned the effects of Economic Globalization, the positives being that due to globalization, companies can outsource their operating costs which creates local employment, and it will develop cheaper supply costs; it can also help the country's global reputation as products and services would be known worldwide. The negatives of this being political conflict, which may be due to cultural differences, another negative is capital flight because of operations being outsourced which can affect the local community with child labor and social injustices. I have learned about the modern world system with defining market globalization and product globalization, and the need for the cooperation from many countries.
Thank you, Sir Krippe!!! Upon watching this video discussion, I was able to understand what the Global economy is, the drivers that affect it, and how it relates or connects to globalization. I learned that globalization is important because it increases interconnectivity between nations, facilitates trade and investment, helps recognize and manage cultural diversity, and helps achieve balanced economic growth and environmental sustainability through trade agreements. I also learned the importance of knowing its advantages and disadvantages because it allows individuals and policymakers to make informed and wise decisions. The global economy is important because it enables individuals and organizations to have an increasingly complex world, and contributes to sustainable development to the world.
Thank you po, sir Krippe! I've learned that countries are dependent on one another's economies due to the flow of technology, goods, and services, which is a result of economic globalization. Businesses that use it to cut expenses and build a global reputation stand to benefit from higher employment and cheaper consumer pricing. I also understand that as they interact with wealthier countries, it might promote democracy in less developed ones. Even while there are many of advantages, it is important to consider how this may impact local jobs and cultures.
Thank you po Sir Krippe! This video proved to me that economic globalization really does benefit any nation as long as it's implemented with moderation. Although it has it's own downsides associated with its implementation, the pros outweigh the cons in my opinion.
Thank you po, sir Krippe! I gained a lot of additional knowledge about global trade. It helps me to know that it connects countries through different ways like trades. I also learned the potential PROS and CONS of going global that is a big help to our country to have a great development. Learning the concept of Economic Globalization creates a new perspective in me on how globalization impacts economic aspects. It widened my knowledge about the connection between global economy and globalization.
Thank you Sir Krippe!, A major insight from this lesson is the deep interconnection of the global economy. It’s to see how common items, such as laptops and cell phones, rely on materials sourced from various parts of the globe. While economic globalization brings benefits like affordable prices and increased job prospects, it also brings challenges, such as cultural misunderstandings and certain social injustices. Understanding these complexities is crucial as we move through an ever-globalizing world.
Thank you po, sir Krippe. I've discovered that the world economy, not simply our own, has a significant influence on everything. This video states that it affects the products we purchase in every market, such as when we purchase things manufactured in other nations. And I've also discovered that the growing interconnectedness of the world's economies, driven by factors like trade, technology, and investment.
Thank you Sir. Krippe! Thank I’ve learned that the global economy significantly affects not only our country but the entire world. It highlights how the products we purchase in various markets are often made from materials sourced from different countries. You also mentioned how people migrate to countries that offer higher salaries. The pros and cons of globalization gave me more knowledge and became open to innovation and developing countries.
Thank you, Sir Krippe! I finally understand the concept of Economic Globalization in a deeper aspect, I have come to realize its relevance on various economic factors. This phenomenon can drive the integration of economies across nations, primarily through trade agreements that can enhance the exchange of goods and services. The video taught me that Economic Globalization presents numerous advantages that can fuel a country’s development. These benefits include enhanced global reputation, reduced labor costs, and increased access to international services and goods. However, it is crucial to acknowledge the downsides as well. Economic Globalization can lead to economic instability, increased crime rates, and even conflicts that may disrupt trade relations. In summary, while Economic Globalization offers substantial positive impacts, it also carries inherent risks that can adversely affect a country's growth trajectory. Balancing these pros and cons is essential for sustainable development in a globally interconnected economy.
Thank you, Sir Krippe! Thanks to this lecture I've learned that the global economy involves how different countries are economically connected, leading to increased trade and exchange of resources. I understand that this integration can lead to benefits like economic growth and better international cooperation, but it also has challenges, such as unequal benefits for different countries. I also learned about economic integration, where countries work together in different ways, like forming trade agreements to boost their economies.
Thank you po, Sir Krippe! In this lecture, I learned how interconnected global markets can significantly benefit countries. These global networks not only improve a nation's reputation on the international stage but also help reduce the costs associated with protectionist policies by promoting open trade. Furthermore, as global demand rises, local job opportunities are created, contributing to a more vibrant economy. Overall, the collaboration between global and local markets enhances a country's economic strength and solidifies its presence in the international community.
Thank you po sir Krippe I really understand the difference between the tariff and quota and the good advantage of the economic globalozation and economic intehration such as more employment,trade benefits. My favorite part is the Economic integration which helps a country or some places to trade their goods, services or technology under the agreement that both party signed for.
Thank you so much, Sir Krippe! When I have watched your video for the global economy, you made me realize how countries are interrelated and how something that happens in one country influences the others. For example, high cost of oil leads to high cost of gas in the world; thus, people may be forced to spend more money on transport to get to work or school. This shows just how important it is to understand such relationships and how they may impact simple routines. Abstractly, it is clearly seen that the current world is greatly influenced by the global economy.
Thank you sir Krippe. I learned from you that global economy has a huge impact in every aspect, like political, job employment, financially, and how the product of a country spreads throughout the world. A global economy is of a huge help when it comes to culture differences, since it lets different kinds of cultures go out and get together with others.
Thank you, Sir Krippe! I learned that economic globalization is the increasing cross-cultural flow of wealth, goods, services, and technologies that leads to the economic mixing and interdependence of economies worldwide. The various places of origin of everyday items such as school supplies, laptops, and cellphones are evidence of this. I also gained knowledge of the possible advantages and disadvantages of globalization in the economy. Understanding these things will help me as a student and as an individual to better understand this issue and the importance of knowing economic globalization.
Thank you very much Sir Krippe for the knowledge about the Global Economy. From what I indulge and comprehend, the very importance of the global economy is the intercultural connectivity between countries from products to services that enables every beneficiaries to expand their operations with these circumstances. Yet having the positive side also brings the negative sides, where the local community would suffer due to the prioritization of import goods, due to low costs and the Capital flight. This brings the margin up so high for us to barely cope up with the economy we have now. Therefore, equilibrium should be considered to prevent the negation of intracultural trades over the intercultural ones.
Thank you po, Sir Krippe! I learned that economic globalization can positively impact our country by enhancing global reputation, building partnerships, reducing costs, and creating jobs, but it also brings risks such as political issues, crime, and financial instability. While the opportunities are great, including access to global markets and technology, it's important to carefully manage the potential downsides to fully benefit from globalization.
Sir Krippe!! Thank you po sa lesson!. Upon my understanding from the video po, i learned that economic globalization, although has pros and cons, is very essential to many aspects regarding its impact on many countries, such as the production and marketing aspects which are the modern world system for removing barriers in selling, buying, and sourcing materials and services from countries, and the 3 major drivers of globalization in which are important part in maintaining and continuing globalization. In other words, economic globalization, despite the advantages and disadvantages as well as some disagreeing with it, holds a great significance to not just the economic, marketing, and financial aspects of many countries, but also is important to the integration, growth, global agreement and stability between companies and countries
Thank you, Sir Krippe, for the great lesson on global economy! You really helped me understand how countries are connected through trade and how this can create both jobs and losses in different industries.
Thanks po Sir Krippe.I learn that Economic globalization have a massive impact on economic growth of a country and can create jobs for people. I has a Positive and negative impact on a country it can affect politics and also can affect peoples job in capital flight and can affect one country’s technological innovation and trades.
I have learned a lot things about Economic Globalization and its pros as well as the cons thanks to this video lesson, and for that, I thank you sir Krippe! One of the things I learned are that Economic Globalization is a multifaceted process that offers both opportunities as well as its challenges. Its effects are felt across various dimensions, from economic growth and technological innovation to cultural exchange and social inequalities. As nations navigate this complex landscape, understanding the intricacies of economic globalization becomes crucial for policymakers, businesses, and individuals alike. This made me understand the importance of Economic Globalization even more.
Thank you po sir Krippe, I was able to fully open my mind and absorb many things regarding economic globalization/global economy. It really marked on me how globalization was defined, as it is the economic mixing and interdependence of economies through cross-cultural movements such as products, technologies, etc. It is fascinating how the global economy is intertwined with globalization, which affects each country's different goods and products. Furthermore, it impacts the connection between countries as it improves global reputations, and encourages the growth of democracy. However, even if it has many benefits like cheaper labor costs, Local employment, etc. It does propose challenges and negative effects. So it is why having a tight grasp of the pros and cons of globalization is a must and essential for parties that participate in it.
Thank you so much, Sir Krippe, for this wonderful discussion. I learned that Economic Globalization creates opportunity and challenges at the same time. It expands my knowledge about an economy going global.
Thank you po, Sir Krippe! This lecture taught me the fundamentals of economic globalization, the different factors that shape it, the advantages and disadvantages of the current economic globalization, and the effects it has on both developed and developing nations worldwide. In addition to learning about economic globalization, I also studied the many forms of economic integration and their benefits and drawbacks. In summary, I gained knowledge on how globalization has affected economies not just in our nation but throughout the world.
Thank you, po, Sir Krippe! I learned what is economic globalization and how it works. I also realized that there are so many benefits that can be obtained from going global. However, there are also downsides to going global, such as political issues, cultural differences, and many more. This video also tackled the different types of economic integration and its advantages.
Thank you, Sir Krippe. That was another great lesson on the global economy. After watching the video, I expanded my knowledge about going global. While there are both pros and cons to this approach, the benefits generally outweigh the cons, making globalization a significant advantage for a country. Its impact greatly affects jobs, pricing, and the political system of a nation.
Thank you, Sir Krippe! I learned that global trade links countries, offering growth and job creation but also risks like income inequality and poor labor conditions. Balancing these pros and cons is essential for fair and sustainable development.
Thank you, Sir Krippe! I learned that the world economy is a complex web of dependent markets and economies that is influenced by international dynamics, investment flows, international trade, and technological advancements. It is defined by the constantly changing digital technologies, the growing impact of emerging markets, and the growing focus on environmental and sustainable issues. Events in one region of the world can have a big impact elsewhere, which emphasizes how important it is to comprehend how the world is dependent and the difficulties presented by international conflicts and protectionist policies. Countries must navigate these complexities as they work toward economic growth and stability in order to ensure future prosperity.
Thank you po, Sir Krippe! This lecture on economic globalization taught me how interconnected global markets may improve a country's reputation, provide more local jobs, and reduce production costs. It's amazing to observe how companies may broaden their reach and develop through foreign partnerships. Of course, there are problems, such as political unrest and economic hazards, but with good management, the rewards can truly help economies develop. Finally, globalization allows countries to flourish and compete on a bigger scale.
Thank you po Sir Krippe!I was able to learn the topic of "the global economy". this globalization has a huge impact on the world for its advantages and disadvantages by the video that you've shown. Some countries are relying on globalization to stabilize their business such as hiring employees from other countries because of its cheaper production cost and cheaper service fee.
Thank you po Sir Krippe, I learned in this lesson the benefits of globalization i learned if the country is in globalization many opportunities enter in country if so many opportunities that the prices are lower it's so good in our country because the prices in the Philippines are high. I learned in the "political impact" that in globalization we have an opportunity to choose the product in different countries or services, and lastly the "Capital Flight" I learned that because of the lack of economic globalization, so many people want to go different countries to be financially stable and that's called Capital Flight.
Thank you, Sir Krippe! i have learned that Economic globalization increase integration of national economies through trade, investment, and the movement of goods, services, and capital across borders. It fosters international cooperation but can also create economic dependencies and vulnerabilities.
Thank you, Sir Krippe, for another insightful lesson on the global economy. I now grasp how decisions in one country can ripple across others, affecting employment, inflation, and international investments. I also learned that globalization expands job opportunities for local populations and facilitates the exchange of cultures, making them more accessible globally.
Thank you Sir Krippe, I really enjoyed this video! It did an amazing job explaining the global economy in a way I could easily understand. I’m not an expert in economics, but the way everything was broken down with clear examples made it so much easier to grasp. I feel like I learned a lot about how different countries and markets are connected. It kept me interested the whole time, and I definitely feel more informed after watching!
Thank you po, Sir Krippe! I learned so many things from this video, such as going global has its ups and downs, and that globalization can be classified into market and production. Indeed, this was very helpful in determining the significant role of globalization in our daily agendas. For instance, I realized just now that a lot of the foods and things I eat and own are the outcome of economic globalization. Besides this, I also learned what trading is and how exactly it generates money for the country or how other countries generate money through this. Therefore, the global economy is a complex yet interesting topic, due to it being (basically) part of our lives.
Thank you, Sir Krippe! This helps us to be more aware of the global economy. It helps us understand the pros and cons, benefits, etc. in our country. Its not an easy topic but a really interesting one.
Thank you, Sir Krippe! your video helped me understand that globalization allows countries to view their economies on a global scale. Now, it is easier for businesses to operate in different countrues, creating more opportunities for trade and investment. This global connection helps countries grow by sharing resources and ideas. The video also explained economic globalization showing how countries can trade goods and services more easily. It discussed the political effects of globalization, as countries need to cooperate and make agreements. Capital flight is also mentioned, where money moves out of a country for better investment options, which can harm the local economy.
There are so many things that I learned throughout this video. For example the free trade area eliminates the tax like tariffs and quota while free trade agreements have a tax. Economic union allows traders to move freely in different borders.
Thank you po Sir Krippe, I learned a lot of new things from this video like the advantages and disadvantages of going global. For me I think the advantages of going global has a big impact on the economic growth of a nation since it mostly focuses on partnerships, costs, and job opportunities which will be beneficial to workers. Even though there are many pros of going global, we can't still neglect the cons of it like the potential of war, inequality, job loss, labor exploitation, and environmental problems. These cons can be the factors which may led to the downfall of the economy so it is important that we create a solution for it by carefully analyzing each challenges we are facing with.
Thank you for a very insightful discussion about Economic Globalization, Sir Krippe! I learned that economic globalization is not just all about the benefits it gives. Being global also means being cautious about the potential setbacks it may bring, as well as the country you choose to invest in, if you are not careful in your selection. On the bright side, being global gives you a lot of benefits aside from having an “international name”. Additionally, This discussion also gives me knowledge about economic integration that gives countries more freedom to trade goods, services, and labor to other countries, also reducing the cost for consumers and producers. This lecture gives us a lot more information and deeper understanding about what really is globalization.
Thank you, sir Krippe! I learned that Economic globalization fosters interdependence among nations through trade and investment, influencing both local economies and cultures. It can create opportunities such job opportunities, price reductions, connections, or collaboration between other countries. However, it also exacerbates inequalities and raises sustainability concerns as it may lead to political issues, financial instability, and cultural differences. Understanding these dynamics is crucial, as they shape international interactions, competition, and collaboration in a complex global landscape.
Thank you so much, Sir Krippe! I have learned that economic globalization connects and interdepends economies worldwide, which offers benefits like lower operational costs and enhanced international reputations for businesses, while also creating local jobs.
Thanks po Sir Krippe for this lesson, I've learned many things about globalization, Globalization have many benefits fora country but also there is negative effets, Example of the benefit that I learned in the video is the country will increase their productions, improving the countries market , and reducing the cost of some goods we import, while on the negative side county might suffer finacial crisis or inflation, also the personal safety of the country can become lesser.
Thank you po Sir Krippe, after watching this video, I learned that economic globalization is a crucial concept that highlights the interdependence of economies worldwide through the movement of goods, services, technologies, and wealth. Understanding this topic as a student is essential as it enables students like us po to recognize the factors that facilitate economic globalization, the advantages and disadvantages of economic integration, and the implications for the modern world system.
Thanks to you sir Krippe, I have a much better understanding of how economic globalization is driving interdependence, with international financial flows, rapid tech spread, and cross-border trade playing major roles. The way you broke down the benefits and challenges in just less than a half hour was constructive. I hadn’t thought how much cheaper production costs might be a drawback for developing countries, while the Western world views them positively. It gave me a clearer picture of how globalization promotes growth and innovation and brings challenges like political issues and capital flight.
Thank you po for the video sir Krippe, I have learned that globalization is a good thing for our country however, it brings various pros and cons for the country. This includes having cheaper production costs, being globally known, having partnerships with other countries but there are problems that may arise such as political conflicts. I also realized that many parties or countries as well as organizations are involved to enable the globalization of many different countries.
Thank you, Sir Krippe! I’ve learned many different things from this lesson, but what really piqued my interest is the concept of going global. From a business perspective, even though going global can impose risks on a business, it is somewhat encouraging to invest in this if I ever had the means to do so, of course with considerations of potential cons. Fortunately, if we look at the brighter side of this concept, it can lead to lower labor costs, cheaper supply costs, and local employment, which are beneficial for both parties. Additionally, this concept can also be applied in different contexts, making it a valuable strategy that can be used to our advantage.
Thank you, Sir Kreppe, for your informative video lecture on the global economy. I learned that globalization brings both benefits and risks to nations, impacting various aspects of their economies. Expanding internationally, or "going global," can promote democracy in developing countries, but it can also lead to cultural changes. I also learned that globalization can cause economic instability, where an economy experiences significant changes in growth, inflation, and unemployment, which is known as "capital flight. Moreover, I gained a better understanding of economic integration and its different types, along with its associated advantages and disadvantages for nations.
Thank you sir Krippe! After i watched that video about economic globalization, I learned how it connects countries through trade agreements, affecting their economies. While this can improve a country’s image and reduce costs for labor, it also brings problems like political issues, increased crime, and trade disputes. These challenges can slow down progress. So, while economic globalization has advantages, it also needs to be handled carefully to avoid its downsides.
Thank you, Sir Krippe! I've learned a lot from your video. Economic globalization includes several advantages like creating job opportunities, low prices, and cooperation between nations. Still, some challenges entail like political factors, financial instability, and social differences. Understanding the pros and cons of economic integration has aided in growing my knowledge of how different countries' economies and our economy work.
Thank you po, Sir Krippe! After learning about Economic Globalization, I realized that it significantly impacts economies, especially through the integration of economies between countries, including trade agreements. I discovered that while there are many benefits, such as enhancing a country's global reputation, reducing labor costs, and creating employment opportunities, there are also downsides, like political issues, increased crime, and even war, which can disrupt trade. Overall, though economic globalization has many advantages that support development, it also brings challenges that can negatively affect a country's growth.
As a college student, I've learned that economic globalization plays a significant role in shaping our interconnected world. It’s fascinating to see how the movement of goods, services, and technologies across borders can influence local economies and create opportunities for growth. However, it’s also crucial to recognize the downsides, such as social injustices and economic instability in certain regions. Understanding these dynamics helps me appreciate the complexity of global markets and the importance of making informed decisions about business and policy. This knowledge will undoubtedly be valuable as I pursue my studies and future career in a globalized economy.
Thank you so much po Sir!, I learned that, Economic globalization is crucial as it fosters international trade and investment, leading to economic growth and development across countries. It enhances the exchange of goods, services, and capital, which can improve living standards and create jobs.
I’ve learned that economic globalization brings both opportunities and challenges. It can boost economic growth, create jobs, and encourage the sharing of technology, but it also risks job losses, income inequality, and dependence on international markets. Thank you, Sir Krippe, for pointing out that while globalization offers potential benefits like lower costs and up trade, it requires careful management to avoid unfavorable impacts on economies, particularly in developing countries.
Thank you sir Krippe. I've learned that global economy has a huge impact in different aspects such as political, job employment and financially. It also affects how the product of a country spread throughout the world. Global economy is a huge help especially when it comes to culture differences as it allows different kinds of cultures to interact with each other.
Thank you so much, sirrrrrrr! I learned so much things from this video, like how economic globalization connects economies through trade, technology, and capital. And also the benefits, such as job creation, cost efficiencies, and wider consumer choice, as well as the challenges like political risks, economic instability, and social injustices. Different forms of economic integration, such as free trade agreements and customs unions, are also explained. The key takeaway is to critically assess both the pros and cons of globalization.
Thank you, Sir Krippe! In this lesson, I learned that economic globalization has both advantages and disadvantages, and that globalization can be classified into markets and products. I also understood how events in one country can impact jobs, prices, and trade in others. Additionally, I learned that politics and crime can sometimes result from economic globalization, specifically referred to as product globalization. Overall, this knowledge will be essential for navigating the complex global economy and making informed decisions in international markets. 19:12
Thank you, Sir Krippe. I've come to understand that the global economy is interconnected through globalization, which impacts the products we purchase, job opportunities, and market trends. From my viewpoint, globalization links countries via trade and finance, presenting both advantages and challenges. On one hand, it promotes economic growth by opening up new markets, creating jobs, and reducing prices due to free trade and lower tariffs. On the other hand, it can lead to issues like capital flight, which weakens local economies, and uneven economic growth, as some workers seek better opportunities abroad, leaving their home countries with a shortage of skilled labor. Grasping both the benefits and drawbacks of globalization is crucial for understanding its impact on both developed and developing nations.
Thank you, Sir Krippe! Grasping the global economy is vital for students as it reveals the interconnectedness of our world, affecting aspects like trade and local job markets. This understanding enhances cultural awareness, prepares them for diverse career environments, and develops critical thinking skills through the analysis of economic trends and policies. Furthermore, knowledge of global economics opens up various career paths in areas such as international business and finance. Ultimately, it equips students to make informed personal and civic choices, whether regarding voting on economic issues or managing their finances wisely. In a world that is increasingly globalized, having insight into these topics is not just advantageous; it’s crucial for navigating both personal and professional spheres.
Thanks Sir Krippe! I learned that globalization is vital to our modern world, from how it connects every country to one another, that comes with its own advantages and disadvantages that a country might experience even if how helpful it is. I also find this lesson very useful for me, specifically because of the economic globalization that teaches us fundamental things in the economy.
Thank you po Sir Krippe, I've been able to learn a lot about economic globalization both the opportunities it offers for growth and the challenges it poses for, how it boosts the economic growth opens up for more job opportunities and allows consumers to have access to a wider range of lower priced products. Yet, economic globalization also comes with challenges such as political problems, potential war, rising of crime rates, and economic instability.
Thank you, Sir Krippe! I have learned that the global economy is how countries are connected through trade and business. Globalization aims to help people across the globe by boosting trade and economic growth.
Thanks po, Sir Krippe! After learning about Economic Globalization, I’ve understood how interconnected countries’ economies are through trade agreements, which influence everything from what we buy to job availability and market conditions. While globalization has many advantages-like boosting a country’s global reputation, reducing labor costs, creating jobs through free trade, and fostering economic growth-it also presents challenges. Political issues, rising crime rates, and even the threat of war can disrupt trade and hinder development. So, while it opens up new markets and lowers prices, it can also lead to imbalances in economic growth within a country.
One of my important learning from this lesson is the understanding of economic globalization. It refers to the increasing dependency of global economies in exchanging of products, services, and technologies across countries. The topic also emphasizes the advantages and disadvantages of economic globalization, like it promotes global reputation, create job opportunities, reduce costs, while also focusing on concerns like social injustices and political instability
Thank you po, Sir Krippe! for this informative video. After watching this video, apart from how economic globalization works, I've also learned that the global economy can have a positive and negative impact on the country. Increased trades and investments may result from economic globalization, which can oftentimes boost the economic growth of a country besides creating jobs. Economic globalization can also motivate the sharing of technology and innovations for example by prompting countries to develop more effectively. On the other hand, it can also result in loss of jobs from certain industries. Further, it is believed to increase the possibility of external shocks to the economies due to dependency on international markets.
Thank you, Sir Krippe! I learned that while there are many benefits to economic globalization, it's important to be aware of potential risks, especially when investing. Globalization also promotes economic integration, reducing costs and allowing for the free exchange of goods, services, and labor.
Thank you Sir Krippe!! This lesson taught me the value of global economy and how it affects different countries and its citizens. Learning about the global economy is very important and crucial for me as a college student because as I enter the real worlds it helps me to analyze the global economy and help me decide on what career I should pursue that will help me become financially stable, it also help me to be more culturally aware, this help me to develop a broader perspective in cultural and economical issue that we face and helps me to create decisions that would mitigate these problems.
Thank you, Sir Krippe. From my perspective as a student, I believe that comprehending economic globalization is crucial because it makes it easier for me to realize how interconnected the globe is and how this influences everything from consumer pricing to work prospects. It is essential that we acquire knowledge pertaining to the positive attributes, like reduced costs and expanded market accessibility, as well as the negative features, such job displacement or unemployment and economic disparities. With this knowledge, I can make more informed professional decisions, navigate the global workforce with greater ease, and thoughtfully contribute to discussions about how local economies and communities are impacted by globalization.
I love that this lecture video of Sir Krippe is concise yet delivers very insightful and comprehensible content. In the span of approximately 20 minutes, the students are equipped with the fundamental knowledge on the global economy, especially on its disadvantages and advantages to certain countries (e.g., 3rd World perceive cheaper cost as a disadvantage, the Western World views this a a benefit).
Thank you, po, Sir Krippe! I've learned many things while watching your video. Economic integration has advantages that create job opportunities, price reductions, connections, or collaboration between other countries; however, there are also some disadvantages like political issues, financial instability, and cultural differences. While knowing these advantages and disadvantages of economic integration, I can now be aware of how our country and other countries economies work.
Thanks po sir Krippe! After watching the lesson I now have a better understanding of what globalization is, its scale, and more importantly economic globalization. Economic interdependence or the intertwining is what defines economic globalization from what I learned, only after finishing the lesson did I realize the effects or the impact of economic globalization on individuals like myself from being able to use products from across the globe and having opportunities to work beyond the countries borders to its impact on countries as a whole. Another key thing I learned from the lesson is economic integration or the agreements between countries to the flow of goods and services from one border to another which varies from limiting taxes like tariffs from hindering imports to creating groups or Unions that remove trade barriers and have a unified trade policy all of which help the interconnectedness of the countries involved.
Thank you po, Sir Krippe! Because of this, I learned that economic globalization involves a complex connection of interdependence among countries, where goods, services, and technologies circulate globally. This interconnectedness can bring benefits, like enhanced global reputation and cost-effective labor, but it also comes with challenges such as political issues and cultural differences. Understanding this balance is important for the global economy.
Thank you, Sr. Krippe for this wonderful presentation and lecture about the global economy. I have learned a lot about this topic, like the benefits of globalization to the economy, benefits of business owners, benefits for the consumers, benefits for the suppliers, etc. It is such an eye opener to know that globalization is not just about the simple moving of different goods to different parts of the world, but rather, it is an entire system of very delicate and very detailed operations on how not just products but information, technology, and most importantly, money circulate around the world. Aside from these, other things that I have found to be a great lesson to me is how globalization effects the ways the economy works. By having more foreign business, it allows the local people to have more jobs, which can directly impact their livelihood by reducing the cost of goods. Globalization can be a great driving force for partnerships; it can be beneficial to both parties involved. In the modern world, globalization is a must for a country's economy and for its people to strive.
Thank you, Sir Krippe! I now know what Global Economy is all about, you taught us what are the huge benefits of going global, having more opportunities through the use of Global economy and showing us what are the potential pros of going global such as increase in Global Reputation, Cheaper Labor Costs, Local Employment and more, you also showed us what are the Cons of Going Global such as Political Issues, Increase in Crime Rate, A possibility of War, Cultural Differences and Financial Instability, by showing us both the Pros and Cons showing us that going global has a price and widening our perspective. You also showed us what are the major drives in globalization which are Technological Innovations and Many more. You also showed us what Economic Integration is, which is the agreement of countries to trade goods.
The Importance of Learning Economic Globalization
Thank you Sir Krippe! From the lecture video, I have learned that Economic Globalization is an integral part of the economy of the modern world. It allows the economies of nations to trade more freely, acquire cheaper labor and supply, and to establish partnerships among many others. I have also learned of the term "Economic Integration" which to me, is a manifestation of Economic Globalization. It establishes laws and agreements between nations to permit capital, labor, and product trade to and from their borders. It provides trade benefits, employment, and encourages political cooperation. Of course, the Pros or positive effects of Economic Globalization have equivalent cons or negative effects, which were also discussed. Political issues, crimes and war, cultural differences, and Financial instability are negative things that cause or are caused by Economic Globalization. Among this, the worst by far is "Capital Flight", which is the large-scale departure of corporations, capital, and profit from a country due to financial instability. To sum up, Economic Globalization is a fundamental concept/practice of modern society as it boosts nations' economies which in turn benefits investors, business owners, and most importantly, consumers.
Thank you po Sir Krippe, for the enlightening discussion on The Global Economy! I now realize that with globalization comes risks as well, such as capital flight, affecting labor market balance in the local economy. Your observation on how economic integration becomes less expensive and increases trade helped me understand the need to attain a kind of balance when venturing into global markets. This lecture has really made me appreciate the complexities of the global economy and how they influence business decisions.
One of the most important learnings from this lesson is that the global economy is very, very interconnected. It's fascinating how the products we use daily, laptops and cellphones, for example, are made from all materials sourced all over the world. Economic globalization can be beneficial to us in terms of price and job opportunities, but challenges include misunderstandings about culture and just a few forms of social injustices. Understanding these complexities is critical as we navigate an increasingly globalized world.
Thank you, sir Krippe! One of the things I was able to get from the talk on the global economy and the economic globalization is that the connectedness of the economies produces, indeed, both, advantages and disadvantages. The movement of products, services, and labor crosswise countries is an aspect of economic globalization, this is an advantage to organizations as shipping costs are low and they can have a global reach. However, it also bears them with the risks such as political unrest and social disparities, especially wage gaps and working conditions. Therefore, we have to be aware of different types of economic integration, such as free trade agreements and customs unions which play a pivotal role in the exchange of goods on a global scale without losing national interests.
Thank you po sir Krippe!
As a student po, an important learning about this topic "the global economy" is understanding how interconnected countries are through trade, technology, and finance. It highlights the impact of global events on local economies, the importance of international collaboration, and how economic policies can influence job markets, prices, and opportunities worldwide.
Thank you po Sir Krippe!! Your topic and lessons on economic globalization have taught me a lot. Globalization of the economy has many benefits for a nation, but it also has drawbacks. To sum up, there are advantages and disadvantages to economic globalization for a nation. Globalization of the economy can be beneficial to the nation and present many opportunities.
Thank you, Sir Krippe! From the video, I gathered that economic globalization has brought us closer together, enabling the exchange of goods, services, and resources across borders. This process is fueled by advancements in technology and the lowering of trade barriers, which can lead to increased efficiency and job opportunities. However, it also presents significant challenges, such as the potential weakening of national sovereignty and the exploitation of workers. As we navigate this interconnected global landscape, it's crucial to prioritize fair labor standards and sustainability, ensuring that globalization's advantages are distributed equitably while safeguarding both people and the environment.
Thank you po Sir Krippe. by watching this video, I learned that economic globalization has a positive effect on improving our country such as increasing our global reputation, decreased prices of products, this also helps our country on establishing more connections worldwide. However, I learned that there is also a negative impact on going global. Capital Flight encourages the the people of a country to seek higher paying jobs in different countries which leads to the decline of employment in our own country.
Thank you, Sir Krippe! I learned that the Economic Globalization are becoming more interdependent due to factors like the expansion of international financial flows, the wide and quick spread of new technology, and the size of cross-border commerce in goods and services. And also how the world is interconnected through globalization like we need to cherish every thing that is happening to our world.
Thank you po, Sir Krippe, It opened my eyes to how our economies are all linked, like a big web. I never realized before how something happening far away can impact our jobs and lives right here. The part about trade agreements was especially interesting-it made me think about how they influence the things we buy every day. This lesson has inspired me to stay informed about global issues, as they affect us all in so many ways.
Thank you po, Sir Krippe! I learned that the global economy is connected with other countries relying on technology, capital, good and services, and trading. Global economy also creates some opportunities for economy for economic expansion and advancement, but it also cause some issues with inequality, labor exploitation, and about the environment of our country.
Thank you so much po, Sir Krippe!! The discussion on the global economy and economic globalization taught me that an interdependent economy also has positive as well as negative aspects. One of the features of economic globalization is the cross-border movement of goods, services, and labor, which-though it may reduce shipping costs-benefits the organizations going to cross borders. Still, on the other hand, it poses the risks of political instability and social inequalities, such as wage disparities and poor working conditions. In this regard, it is necessary to consider various types of economic integration, namely free trade agreements and customs unions, which are of direct interest in the facilitation of global trade within the protection of national interests.
Thank you po for the video, Sir Krippe! After watching this, I've come to understand how economic globalization works and how it is important for us students to learn about it, as this knowledge would be vital for us in the future when navigating complex global economy and making informed decisions regarding international markets
Thank you for the lesson Sir Krippe! Not only did I learn about the definition of economic globalization, I was also introduced to the concept that such things can impact our lives both positively and negatively. Having sufficient knowledge about this matter will not only make us smarter in general, but it can also aid us in identifying and addressing contemporary issues in our communities. Economic globalization can impact us by providing us with opportunities such as economic integration and access to global markets, but it also comes with some challenges such as political and social backlash.
Thank you so much po, Sir Krippe!, I learned about the process by which economies all over the world become more interconnected through cross-cultural trade in products, services, and money is known as economic globalization. The advantages can include a stronger global reputation, lower costs for labor and operations, and the creation of jobs. But there are drawbacks as well, such as the possibility of money leaving the nation, social inequality, and a common culture.
Thank you po, Sir Krippe. I learned that globalization connects countries through trade and finance, impacting goods, jobs, and market dynamics. It offers opportunities like economic growth, access to new markets, job creation, and lower prices through free trade and reduced tariffs, while also presenting challenges.
Thanks po Sir Krippe, I learned many things about economic globalization and understand how countries trade, businesses grow, and money moves worldwide.
Thank you po sir Krippe! ❤ I learned that economic globalization brings both advantages and disadvantages. On the positive side, it creates jobs, lowers prices, and encourages global partnerships. However, it can also lead to social injustices, like poor working conditions and political instability in some regions. Understanding these pros and cons helps me appreciate the complexity of how countries interact economically.
Thank you po, Sir Krippe. I've learned about the global economy, including the benefits and risks of economic globalization. It also explains the factors that make globalization easier and how it affects local businesses. Political and social issues that come with it are also discussed. It's important to understand the different types of economic integration and the pros and cons of each.
Thank you for the lecture, Sir Krippe ! Watching the whole lecture about the global economy made me aware of how the government assist the foreign countries when it comes to managing business and economic talks, and with the depth of this lesson, I've learned the pros, cons, as well as the drivers of globalization and how it affects us as citizens and local buyers of products. While globalization offers numerous opportunities for growth and development, it is important to acknowledge that its benefits are not distributed evenly, and it can create inequalities if not managed responsibly.
Thank you, Sir Krippe! My most important learning from this lesson is understanding how economic globalization shapes the world by increasing interdependence among countries. It highlights both the benefits, like job creation and global partnerships, as well as the challenges, such as financial instability and cultural differences. This lesson really made me think about the balance needed in global trade and economic integration to ensure fairness for all nations.
Thanks po, Sir Krippe! I learned more about the world economy and how the system influences so many parts of our world. It can be seen and understood that the global economy shapes political decisions, work markets, and financial systems. As well as in the distribution of products and services into the worldwide nations. It is more than that, though it becomes a bridge, providing an opening to connect the very diverse cultures into the exchange of ideas. Beyond this, the level of interconnectivity also fosters an increase in appreciation and understanding from one community towards others.
Thanks po Sir Krippe. while watching the lesson, I have learned that economic globalization can positively impact our country by improving our global reputation, building international partnerships, reducing costs, and creating local jobs through Economic Globalization. While there are some risks, such as political problems, higher crime rates, and financial instability, these can often be managed with awareness and careful planning. but the benefits of globalization can be endless, in a sense that it can pave the way for our products and services to grow globally.
Thank you, Sir Krippe. I learned a lot about Economic Globalization and realized how impactful the connection between countries can be. It promotes economic growth, innovation and freedom, but it also has negative effects, such as political issues, capital fight, and many more.
Thankyou sir Krippe!! I now have a better understanding of the global economy. You have shown us the many advantages of going global, including increased opportunities, lower labor costs, local employment, and a boost in global reputation. You have also demonstrated the drawbacks of going global, including political unrest, a rise in crime, the possibility of war, cultural differences, and financial instability. Seeing both the positive and negative aspects of going global has broadened our perspective. You have also shown us the main forces behind globalization, which include technological innovations and many others. Finally, you have explained what economic integration is-a trade agreement between nations.
-Elija Herradura (CE1E)
Thank you po, sir Krippe! You have taught me about the global economy in regards to globalization. From the definition of Economic Globalization to disadvantages of Economic Integration. I have learned the effects of Economic Globalization, the positives being that due to globalization, companies can outsource their operating costs which creates local employment, and it will develop cheaper supply costs; it can also help the country's global reputation as products and services would be known worldwide. The negatives of this being political conflict, which may be due to cultural differences, another negative is capital flight because of operations being outsourced which can affect the local community with child labor and social injustices. I have learned about the modern world system with defining market globalization and product globalization, and the need for the cooperation from many countries.
Thank you, Sir Krippe!!! Upon watching this video discussion, I was able to understand what the Global economy is, the drivers that affect it, and how it relates or connects to globalization. I learned that globalization is important because it increases interconnectivity between nations, facilitates trade and investment, helps recognize and manage cultural diversity, and helps achieve balanced economic growth and environmental sustainability through trade agreements. I also learned the importance of knowing its advantages and disadvantages because it allows individuals and policymakers to make informed and wise decisions. The global economy is important because it enables individuals and organizations to have an increasingly complex world, and contributes to sustainable development to the world.
Thank you po, sir Krippe! I've learned that countries are dependent on one another's economies due to the flow of technology, goods, and services, which is a result of economic globalization. Businesses that use it to cut expenses and build a global reputation stand to benefit from higher employment and cheaper consumer pricing. I also understand that as they interact with wealthier countries, it might promote democracy in less developed ones. Even while there are many of advantages, it is important to consider how this may impact local jobs and cultures.
Thank you po Sir Krippe! This video proved to me that economic globalization really does benefit any nation as long as it's implemented with moderation. Although it has it's own downsides associated with its implementation, the pros outweigh the cons in my opinion.
Thank you po, sir Krippe! I gained a lot of additional knowledge about global trade. It helps me to know that it connects countries through different ways like trades. I also learned the potential PROS and CONS of going global that is a big help to our country to have a great development. Learning the concept of Economic Globalization creates a new perspective in me on how globalization impacts economic aspects. It widened my knowledge about the connection between global economy and globalization.
Thank you Sir Krippe!, A major insight from this lesson is the deep interconnection of the global economy. It’s to see how common items, such as laptops and cell phones, rely on materials sourced from various parts of the globe. While economic globalization brings benefits like affordable prices and increased job prospects, it also brings challenges, such as cultural misunderstandings and certain social injustices. Understanding these complexities is crucial as we move through an ever-globalizing world.
Thank you po, sir Krippe. I've discovered that the world economy, not simply our own, has a significant influence on everything. This video states that it affects the products we purchase in every market, such as when we purchase things manufactured in other nations. And I've also discovered that the growing interconnectedness of the world's economies, driven by factors like trade, technology, and investment.
Thank you Sir. Krippe! Thank I’ve learned that the global economy significantly affects not only our country but the entire world. It highlights how the products we purchase in various markets are often made from materials sourced from different countries. You also mentioned how people migrate to countries that offer higher salaries. The pros and cons of globalization gave me more knowledge and became open to innovation and developing countries.
Thank you, Sir Krippe! I finally understand the concept of Economic Globalization in a deeper aspect, I have come to realize its relevance on various economic factors. This phenomenon can drive the integration of economies across nations, primarily through trade agreements that can enhance the exchange of goods and services. The video taught me that Economic Globalization presents numerous advantages that can fuel a country’s development. These benefits include enhanced global reputation, reduced labor costs, and increased access to international services and goods. However, it is crucial to acknowledge the downsides as well. Economic Globalization can lead to economic instability, increased crime rates, and even conflicts that may disrupt trade relations. In summary, while Economic Globalization offers substantial positive impacts, it also carries inherent risks that can adversely affect a country's growth trajectory. Balancing these pros and cons is essential for sustainable development in a globally interconnected economy.
Thank you, Sir Krippe! Thanks to this lecture I've learned that the global economy involves how different countries are economically connected, leading to increased trade and exchange of resources. I understand that this integration can lead to benefits like economic growth and better international cooperation, but it also has challenges, such as unequal benefits for different countries. I also learned about economic integration, where countries work together in different ways, like forming trade agreements to boost their economies.
Thank you po, Sir Krippe! In this lecture, I learned how interconnected global markets can significantly benefit countries. These global networks not only improve a nation's reputation on the international stage but also help reduce the costs associated with protectionist policies by promoting open trade. Furthermore, as global demand rises, local job opportunities are created, contributing to a more vibrant economy. Overall, the collaboration between global and local markets enhances a country's economic strength and solidifies its presence in the international community.
Thank you po sir Krippe I really understand the difference between the tariff and quota and the good advantage of the economic globalozation and economic intehration such as more employment,trade benefits. My favorite part is the Economic integration which helps a country or some places to trade their goods, services or technology under the agreement that both party signed for.
Thank you, Sir Krippe! I learned that Economic globalization creates opportunities but also brings challenges like inequality and loss of sovereignty
Thank you so much, Sir Krippe! When I have watched your video for the global economy, you made me realize how countries are interrelated and how something that happens in one country influences the others. For example, high cost of oil leads to high cost of gas in the world; thus, people may be forced to spend more money on transport to get to work or school. This shows just how important it is to understand such relationships and how they may impact simple routines. Abstractly, it is clearly seen that the current world is greatly influenced by the global economy.
Thank you sir Krippe. I learned from you that global economy has a huge impact in every aspect, like political, job employment, financially, and how the product of a country spreads throughout the world. A global economy is of a huge help when it comes to culture differences, since it lets different kinds of cultures go out and get together with others.
Thank you, Sir Krippe! I learned that economic globalization is the increasing cross-cultural flow of wealth, goods, services, and technologies that leads to the economic mixing and interdependence of economies worldwide. The various places of origin of everyday items such as school supplies, laptops, and cellphones are evidence of this. I also gained knowledge of the possible advantages and disadvantages of globalization in the economy. Understanding these things will help me as a student and as an individual to better understand this issue and the importance of knowing economic globalization.
Thank you very much Sir Krippe for the knowledge about the Global Economy. From what I indulge and comprehend, the very importance of the global economy is the intercultural connectivity between countries from products to services that enables every beneficiaries to expand their operations with these circumstances. Yet having the positive side also brings the negative sides, where the local community would suffer due to the prioritization of import goods, due to low costs and the Capital flight. This brings the margin up so high for us to barely cope up with the economy we have now. Therefore, equilibrium should be considered to prevent the negation of intracultural trades over the intercultural ones.
Thank you po, Sir Krippe! I learned that economic globalization can positively impact our country by enhancing global reputation, building partnerships, reducing costs, and creating jobs, but it also brings risks such as political issues, crime, and financial instability. While the opportunities are great, including access to global markets and technology, it's important to carefully manage the potential downsides to fully benefit from globalization.
Sir Krippe!! Thank you po sa lesson!. Upon my understanding from the video po, i learned that economic globalization, although has pros and cons, is very essential to many aspects regarding its impact on many countries, such as the production and marketing aspects which are the modern world system for removing barriers in selling, buying, and sourcing materials and services from countries, and the 3 major drivers of globalization in which are important part in maintaining and continuing globalization. In other words, economic globalization, despite the advantages and disadvantages as well as some disagreeing with it, holds a great significance to not just the economic, marketing, and financial aspects of many countries, but also is important to the integration, growth, global agreement and stability between companies and countries
Thank you, Sir Krippe, for the great lesson on global economy! You really helped me understand how countries are connected through trade and how this can create both jobs and losses in different industries.
Thanks po Sir Krippe.I learn that Economic globalization have a massive impact on economic growth of a country and can create jobs for people. I has a Positive and negative impact on a country it can affect politics and also can affect peoples job in capital flight and can affect one country’s technological innovation and trades.
I have learned a lot things about Economic Globalization and its pros as well as the cons thanks to this video lesson, and for that, I thank you sir Krippe! One of the things I learned are that Economic Globalization is a multifaceted process that offers both opportunities as well as its challenges. Its effects are felt across various dimensions, from economic growth and technological innovation to cultural exchange and social inequalities. As nations navigate this complex landscape, understanding the intricacies of economic globalization becomes crucial for policymakers, businesses, and individuals alike. This made me understand the importance of Economic Globalization even more.
Thank you po sir Krippe, I was able to fully open my mind and absorb many things regarding economic globalization/global economy. It really marked on me how globalization was defined, as it is the economic mixing and interdependence of economies through cross-cultural movements such as products, technologies, etc. It is fascinating how the global economy is intertwined with globalization, which affects each country's different goods and products. Furthermore, it impacts the connection between countries as it improves global reputations, and encourages the growth of democracy. However, even if it has many benefits like cheaper labor costs, Local employment, etc. It does propose challenges and negative effects. So it is why having a tight grasp of the pros and cons of globalization is a must and essential for parties that participate in it.
Thank you so much, Sir Krippe, for this wonderful discussion. I learned that Economic Globalization creates opportunity and challenges at the same time. It expands my knowledge about an economy going global.
Thank you po, Sir Krippe! This lecture taught me the fundamentals of economic globalization, the different factors that shape it, the advantages and disadvantages of the current economic globalization, and the effects it has on both developed and developing nations worldwide. In addition to learning about economic globalization, I also studied the many forms of economic integration and their benefits and drawbacks. In summary, I gained knowledge on how globalization has affected economies not just in our nation but throughout the world.
Thank you, po, Sir Krippe! I learned what is economic globalization and how it works. I also realized that there are so many benefits that can be obtained from going global. However, there are also downsides to going global, such as political issues, cultural differences, and many more. This video also tackled the different types of economic integration and its advantages.
Thank you, Sir Krippe. That was another great lesson on the global economy. After watching the video, I expanded my knowledge about going global. While there are both pros and cons to this approach, the benefits generally outweigh the cons, making globalization a significant advantage for a country. Its impact greatly affects jobs, pricing, and the political system of a nation.
Thank you, Sir Krippe! I learned that global trade links countries, offering growth and job creation but also risks like income inequality and poor labor conditions. Balancing these pros and cons is essential for fair and sustainable development.
Thank you, Sir Krippe! I learned that the world economy is a complex web of dependent markets and economies that is influenced by international dynamics, investment flows, international trade, and technological advancements. It is defined by the constantly changing digital technologies, the growing impact of emerging markets, and the growing focus on environmental and sustainable issues. Events in one region of the world can have a big impact elsewhere, which emphasizes how important it is to comprehend how the world is dependent and the difficulties presented by international conflicts and protectionist policies. Countries must navigate these complexities as they work toward economic growth and stability in order to ensure future prosperity.
Thank you po, Sir Krippe! This lecture on economic globalization taught me how interconnected global markets may improve a country's reputation, provide more local jobs, and reduce production costs. It's amazing to observe how companies may broaden their reach and develop through foreign partnerships. Of course, there are problems, such as political unrest and economic hazards, but with good management, the rewards can truly help economies develop. Finally, globalization allows countries to flourish and compete on a bigger scale.
Thank you po Sir Krippe!I was able to learn the topic of "the global economy". this globalization has a huge impact on the world for its advantages and disadvantages by the video that you've shown. Some countries are relying on globalization to stabilize their business such as hiring employees from other countries because of its cheaper production cost and cheaper service fee.
Thank you po Sir Krippe, I learned in this lesson the benefits of globalization i learned if the country is in globalization many opportunities enter in country if so many opportunities that the prices are lower it's so good in our country because the prices in the Philippines are high. I learned in the "political impact" that in globalization we have an opportunity to choose the product in different countries or services, and lastly the "Capital Flight" I learned that because of the lack of economic globalization, so many people want to go different countries to be financially stable and that's called Capital Flight.
Thank you, Sir Krippe! i have learned that Economic globalization increase integration of national economies through trade, investment, and the movement of goods, services, and capital across borders. It fosters international cooperation but can also create economic dependencies and vulnerabilities.
Thank you, Sir Krippe, for another insightful lesson on the global economy. I now grasp how decisions in one country can ripple across others, affecting employment, inflation, and international investments. I also learned that globalization expands job opportunities for local populations and facilitates the exchange of cultures, making them more accessible globally.
Thank you Sir Krippe, I really enjoyed this video! It did an amazing job explaining the global economy in a way I could easily understand. I’m not an expert in economics, but the way everything was broken down with clear examples made it so much easier to grasp. I feel like I learned a lot about how different countries and markets are connected. It kept me interested the whole time, and I definitely feel more informed after watching!
Thank you po, Sir Krippe! I learned so many things from this video, such as going global has its ups and downs, and that globalization can be classified into market and production. Indeed, this was very helpful in determining the significant role of globalization in our daily agendas. For instance, I realized just now that a lot of the foods and things I eat and own are the outcome of economic globalization. Besides this, I also learned what trading is and how exactly it generates money for the country or how other countries generate money through this. Therefore, the global economy is a complex yet interesting topic, due to it being (basically) part of our lives.
Thank you, Sir Krippe! This helps us to be more aware of the global economy. It helps us understand the pros and cons, benefits, etc. in our country. Its not an easy topic but a really interesting one.
Thank you, Sir Krippe! your video helped me understand that globalization allows countries to view their economies on a global scale. Now, it is easier for businesses to operate in different countrues, creating more opportunities for trade and investment. This global connection helps countries grow by sharing resources and ideas. The video also explained economic globalization showing how countries can trade goods and services more easily. It discussed the political effects of globalization, as countries need to cooperate and make agreements. Capital flight is also mentioned, where money moves out of a country for better investment options, which can harm the local economy.
There are so many things that I learned throughout this video. For example the free trade area eliminates the tax like tariffs and quota while free trade agreements have a tax. Economic union allows traders to move freely in different borders.
Thank you po Sir Krippe, I learned a lot of new things from this video like the advantages and disadvantages of going global. For me I think the advantages of going global has a big impact on the economic growth of a nation since it mostly focuses on partnerships, costs, and job opportunities which will be beneficial to workers. Even though there are many pros of going global, we can't still neglect the cons of it like the potential of war, inequality, job loss, labor exploitation, and environmental problems. These cons can be the factors which may led to the downfall of the economy so it is important that we create a solution for it by carefully analyzing each challenges we are facing with.
Thank you for a very insightful discussion about Economic Globalization, Sir Krippe! I learned that economic globalization is not just all about the benefits it gives. Being global also means being cautious about the potential setbacks it may bring, as well as the country you choose to invest in, if you are not careful in your selection. On the bright side, being global gives you a lot of benefits aside from having an “international name”. Additionally, This discussion also gives me knowledge about economic integration that gives countries more freedom to trade goods, services, and labor to other countries, also reducing the cost for consumers and producers. This lecture gives us a lot more information and deeper understanding about what really is globalization.
Thank you, sir Krippe! I learned that Economic globalization fosters interdependence among nations through trade and investment, influencing both local economies and cultures. It can create opportunities such job opportunities, price reductions, connections, or collaboration between other countries. However, it also exacerbates inequalities and raises sustainability concerns as it may lead to political issues, financial instability, and cultural differences. Understanding these dynamics is crucial, as they shape international interactions, competition, and collaboration in a complex global landscape.
Thank you so much, Sir Krippe! I have learned that economic globalization connects and interdepends economies worldwide, which offers benefits like lower operational costs and enhanced international reputations for businesses, while also creating local jobs.
Thanks po Sir Krippe for this lesson, I've learned many things about globalization, Globalization have many benefits fora country but also there is negative effets, Example of the benefit that I learned in the video is the country will increase their productions, improving the countries market , and reducing the cost of some goods we import, while on the negative side county might suffer finacial crisis or inflation, also the personal safety of the country can become lesser.
Thank you po Sir Krippe, after watching this video, I learned that economic globalization is a crucial concept that highlights the interdependence of economies worldwide through the movement of goods, services, technologies, and wealth. Understanding this topic as a student is essential as it enables students like us po to recognize the factors that facilitate economic globalization, the advantages and disadvantages of economic integration, and the implications for the modern world system.
Thanks to you sir Krippe, I have a much better understanding of how economic globalization is driving interdependence, with international financial flows, rapid tech spread, and cross-border trade playing major roles. The way you broke down the benefits and challenges in just less than a half hour was constructive. I hadn’t thought how much cheaper production costs might be a drawback for developing countries, while the Western world views them positively. It gave me a clearer picture of how globalization promotes growth and innovation and brings challenges like political issues and capital flight.
Thank you po for the video sir Krippe, I have learned that globalization is a good thing for our country however, it brings various pros and cons for the country. This includes having cheaper production costs, being globally known, having partnerships with other countries but there are problems that may arise such as political conflicts. I also realized that many parties or countries as well as organizations are involved to enable the globalization of many different countries.
Thank you, Sir Krippe! I’ve learned many different things from this lesson, but what really piqued my interest is the concept of going global. From a business perspective, even though going global can impose risks on a business, it is somewhat encouraging to invest in this if I ever had the means to do so, of course with considerations of potential cons. Fortunately, if we look at the brighter side of this concept, it can lead to lower labor costs, cheaper supply costs, and local employment, which are beneficial for both parties. Additionally, this concept can also be applied in different contexts, making it a valuable strategy that can be used to our advantage.
Thank you, Sir Kreppe, for your informative video lecture on the global economy. I learned that globalization brings both benefits and risks to nations, impacting various aspects of their economies. Expanding internationally, or "going global," can promote democracy in developing countries, but it can also lead to cultural changes. I also learned that globalization can cause economic instability, where an economy experiences significant changes in growth, inflation, and unemployment, which is known as "capital flight. Moreover, I gained a better understanding of economic integration and its different types, along with its associated advantages and disadvantages for nations.
Thank you sir Krippe! After i watched that video about economic globalization, I learned how it connects countries through trade agreements, affecting their economies. While this can improve a country’s image and reduce costs for labor, it also brings problems like political issues, increased crime, and trade disputes. These challenges can slow down progress. So, while economic globalization has advantages, it also needs to be handled carefully to avoid its downsides.
Thank you, Sir Krippe! I've learned a lot from your video. Economic globalization includes several advantages like creating job opportunities, low prices, and cooperation between nations. Still, some challenges entail like political factors, financial instability, and social differences. Understanding the pros and cons of economic integration has aided in growing my knowledge of how different countries' economies and our economy work.
Thank you po, Sir Krippe! After learning about Economic Globalization, I realized that it significantly impacts economies, especially through the integration of economies between countries, including trade agreements. I discovered that while there are many benefits, such as enhancing a country's global reputation, reducing labor costs, and creating employment opportunities, there are also downsides, like political issues, increased crime, and even war, which can disrupt trade. Overall, though economic globalization has many advantages that support development, it also brings challenges that can negatively affect a country's growth.
As a college student, I've learned that economic globalization plays a significant role in shaping our interconnected world. It’s fascinating to see how the movement of goods, services, and technologies across borders can influence local economies and create opportunities for growth. However, it’s also crucial to recognize the downsides, such as social injustices and economic instability in certain regions. Understanding these dynamics helps me appreciate the complexity of global markets and the importance of making informed decisions about business and policy. This knowledge will undoubtedly be valuable as I pursue my studies and future career in a globalized economy.
Thank you so much po Sir!, I learned that, Economic globalization is crucial as it fosters international trade and investment, leading to economic growth and development across countries. It enhances the exchange of goods, services, and capital, which can improve living standards and create jobs.
I’ve learned that economic globalization brings both opportunities and challenges. It can boost economic growth, create jobs, and encourage the sharing of technology, but it also risks job losses, income inequality, and dependence on international markets. Thank you, Sir Krippe, for pointing out that while globalization offers potential benefits like lower costs and up trade, it requires careful management to avoid unfavorable impacts on economies, particularly in developing countries.
Thank you sir Krippe. I've learned that global economy has a huge impact in different aspects such as political, job employment and financially. It also affects how the product of a country spread throughout the world. Global economy is a huge help especially when it comes to culture differences as it allows different kinds of cultures to interact with each other.
Thank you so much, sirrrrrrr! I learned so much things from this video, like how economic globalization connects economies through trade, technology, and capital. And also the benefits, such as job creation, cost efficiencies, and wider consumer choice, as well as the challenges like political risks, economic instability, and social injustices. Different forms of economic integration, such as free trade agreements and customs unions, are also explained. The key takeaway is to critically assess both the pros and cons of globalization.
Thank you, Sir Krippe! In this lesson, I learned that economic globalization has both advantages and disadvantages, and that globalization can be classified into markets and products. I also understood how events in one country can impact jobs, prices, and trade in others. Additionally, I learned that politics and crime can sometimes result from economic globalization, specifically referred to as product globalization. Overall, this knowledge will be essential for navigating the complex global economy and making informed decisions in international markets.
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Thank you, Sir Krippe. I've come to understand that the global economy is interconnected through globalization, which impacts the products we purchase, job opportunities, and market trends. From my viewpoint, globalization links countries via trade and finance, presenting both advantages and challenges. On one hand, it promotes economic growth by opening up new markets, creating jobs, and reducing prices due to free trade and lower tariffs. On the other hand, it can lead to issues like capital flight, which weakens local economies, and uneven economic growth, as some workers seek better opportunities abroad, leaving their home countries with a shortage of skilled labor. Grasping both the benefits and drawbacks of globalization is crucial for understanding its impact on both developed and developing nations.
Thank you, Sir Krippe! Grasping the global economy is vital for students as it reveals the interconnectedness of our world, affecting aspects like trade and local job markets. This understanding enhances cultural awareness, prepares them for diverse career environments, and develops critical thinking skills through the analysis of economic trends and policies. Furthermore, knowledge of global economics opens up various career paths in areas such as international business and finance. Ultimately, it equips students to make informed personal and civic choices, whether regarding voting on economic issues or managing their finances wisely.
In a world that is increasingly globalized, having insight into these topics is not just advantageous; it’s crucial for navigating both personal and professional spheres.
Thanks Sir Krippe! I learned that globalization is vital to our modern world, from how it connects every country to one another, that comes with its own advantages and disadvantages that a country might experience even if how helpful it is. I also find this lesson very useful for me, specifically because of the economic globalization that teaches us fundamental things in the economy.
Thank you po Sir Krippe, I've been able to learn a lot about economic globalization both the opportunities it offers for growth and the challenges it poses for, how it boosts the economic growth opens up for more job opportunities and allows consumers to have access to a wider range of lower priced products. Yet, economic globalization also comes with challenges such as political problems, potential war, rising of crime rates, and economic instability.
Thank you, Sir Krippe! I have learned that the global economy is how countries are connected through trade and business. Globalization aims to help people across the globe by boosting trade and economic growth.
Thanks po, Sir Krippe! After learning about Economic Globalization, I’ve understood how interconnected countries’ economies are through trade agreements, which influence everything from what we buy to job availability and market conditions. While globalization has many advantages-like boosting a country’s global reputation, reducing labor costs, creating jobs through free trade, and fostering economic growth-it also presents challenges. Political issues, rising crime rates, and even the threat of war can disrupt trade and hinder development. So, while it opens up new markets and lowers prices, it can also lead to imbalances in economic growth within a country.
One of my important learning from this lesson is the understanding of economic globalization. It refers to the increasing dependency of global economies in exchanging of products, services, and technologies across countries. The topic also emphasizes the advantages and disadvantages of economic globalization, like it promotes global reputation, create job opportunities, reduce costs, while also focusing on concerns like social injustices and political instability
Thank you po, Sir Krippe! for this informative video. After watching this video, apart from how economic globalization works, I've also learned that the global economy can have a positive and negative impact on the country. Increased trades and investments may result from economic globalization, which can oftentimes boost the economic growth of a country besides creating jobs. Economic globalization can also motivate the sharing of technology and innovations for example by prompting countries to develop more effectively. On the other hand, it can also result in loss of jobs from certain industries. Further, it is believed to increase the possibility of external shocks to the economies due to dependency on international markets.
Thank you, Sir Krippe! I learned that while there are many benefits to economic globalization, it's important to be aware of potential risks, especially when investing. Globalization also promotes economic integration, reducing costs and allowing for the free exchange of goods, services, and labor.