Magsombol, Chlarisse Arriane M.

ED2B
The Contemporary World

1. In your own words, how will you define Global Economy?

Global economy focuses on the effects of the exchanges in every economy of a country
including exchanges of goods, supplies and needs of people living in the economy but
in a different way which involves money or monetary unit.
It basically means exchanging of amount like we usually do sometimes when someone
from the other country send us money but in a different unit. For example, we receive a
one US dollar but we live in the Philippines, we go to different money exchanging
branches so that we can exchange it into peso. Another meaning for it is exchanges in
goods and services. Even though this is usual for us but some others typically judge.
Some may not know but we are also judged by global economy by others. The amount
in unit somehow describes the current situation of a country. Even having a lot of
markets in economy sometimes cannot help improve services or value the goods
2. What Global issue/s are you most concerned of and how are you going to address
that?
There are a lot of global issues that we are experiencing right now. Pollution, Corruption
and Fighting between countries because of domination and many others. The main
concern that I want to address is about what is happening in our environment. Currently
we face a lot of problems involving our nature which should be one of our main
concerns.
Lately, there have been a lot of damages especially when it comes to our trees and
forest. What happened in Amazon is one of the examples of a horrible damage in our
world.
We do not know where the fire came from or what started it but according to my
research, a lot of people think about how an individual can cause so much damage not
only to the trees and plants that was providing us oxygen, but also to the other living
things in it which are animals that makes the rainforest more attractive. Money cannot
compare to the value of what nature gives us. Without it, we cannot be able to live.
Remember, that money also came from nature. We just somehow chose money to
define the status of our life today but the truth is what lives around us is how we define
ourselves.
We can also reduce pollution by placing garbage in their rightful places and avoid
smoking. Because of pollution, we cannot breath in clean air and that causes us to be
more threatened with different sicknesses which can cause our population to decrease.
All of these problems were done by us, humans and not we have to fix it. Nature does
not benefit from us because nature is our benefit so we must act and learn how to
protect it and make it grow.
3. If you are going to create a trade law, what would it be and how will it work?
If I would make a trademark law, it is about the exchanges of prices and goods in our
market. Resellers should be checked and monitored by the government if they are
selling their products in the same amount as the government addressed it should be.
They should not sell their products higher or below the price that was given to them
even in small stores because I think it is just fair for us to sell in the same prices. Not
only we can our fellow people but we can also improve our economy.
There are also a lot of issues where goods were sold without any verification by the
government or specialists. These includes the selling of illegal drugs or items that were
not supposed to be used by an individual like firearms, etc.
The law that I have given is more strict but I think that it will be a big help in our country
since we are experiencing a lot of issues when it comes to exchanges of goods.
Those who will not comply to this law will be charged and penalized. We should all be
earning and improving equally as the government told us to be. We should not think or
focus on the things that we are going to earn. We should be attentive to how we can
help each other in the
right process of selling products that can be afforded by others for them to use in their
daily life.