CHAPTER 7
GLOBALIZATION AND
THE MILLENNIALS
REPORTER:1 LESSON:1 BY:LABANG
1. identify the important moral challenges of
globalization;
2. discuss the pros and cons of globalization;
3. construct a plan for coping with the challenges of
globalization;
4. state the qualities of Fillenials; and
5. compare responses to shared moral dilemmas of
baby boomers and millennials.
Improvements in transportation
Freedom of trade
Improvements of communications
Labor availability and skills
HISTORICAL BACKGROUND OF
GLOBALIZATION
In 1990s, the world witnessed the collapse of socialist economies, in particular the
Soviet economy and political system. In 1991, the USSR suffered a disintegration.
The weaknesses of all socialist economies became fully clear and all socialist
countries began witnessing a process of overthrow of socialist systems.
Liberalization of politics and economy came to be recognized as the necessity of
the day. All countries of the world began realizing the merits of the market
economy, free trade, privatization, liberalization, delicensing and deregulation of
trade, industry and business.
Presented By: Shayen Igoy
In 1991, the several states decided to go in for liberalization of economy. A new
economic policy was formulated and implemented with an emphasis upon new
economic reforms. These were governed by the principles of liberalization,
privatization, market economy, free trade, deregulation and delicensing. These
reforms paved the way for initiating the process of liberalization and
globalization of several states' economy. Similar changes were adopted by other
states including the Philippines.
At the international level, all the states agreed to freely develop financial, business,
trade and industrial relations among their people. Adoption of new trade and tariff
agreement leading to the establishment of World Trade Organization was made.
Globalization became the order of the day.
SALIENT FEATURES OF GLOBALIZATION
1. Liberalization
2. Free trade 3. Globalization of Economic
Activity
4. Liberalization of Import-Export System.
5. Privatization 6. Increased
Collaborations
7. Economic Reforms.
Effect of Globalization on State Function
In the era of globalization, the functions of the State began undergoing a change. With the
increasing disinvestment of public sector, privatization was encouraged. Public sector was
made to compete with the private sector, and as a whole open competition, free trade,
market economy and globalization were practiced. The role of state began emerging as that
of a facilitator and coordinator, in place of an owner and controller. In fact, the process of
globalization involves a change in the role of the state. However, this does not in any way
mean re-adoption of laisses faire or reversion to the principle of police state.
Globalization has necessitated a change in the role of state. The state continues to be a
welfare state performing all the protection functions as well as several social functions.
It continues to act as a facilitator and coordinator of economy. The State continues to
act as a welfare state, a natural and necessary institution performing protection and
social welfare functions with some role in protecting and improving economic life of
the people.
Thank
You
Presented By: Jeamari Joring
1. Countries must accept shared responsibilities for managing
the risk that it has engendered
2. Coordinated action is required to address the problems of
poverty and malnutrition worldwide.
3.Support countries where outbreaks occur and help those most
at risk of infection.
4. Require the cooperation of dozens of countries and a broad
range of institutions.
5. Long-term political expediency.
ETHICAL CHALLENGES FOR
BUSINESS WORKING IN A
GLOBALIZED WORLD
Business ethics - is a form of applied ethics or
professional ethics that examines ethical principles and
moral or ethical problems that arise in a business
environment (Velasquez, 2009).
In the present world having severe and all pervasive deterioration of values,
practices of hypocrisy in pursuit of self-interest, corruption, egoism,
violence and pursuit of material wealth is prevalent everywhere.
Everyone is on wild race to acquire more and more, mostly by shortcut
means. There is no end of desire (Chavan, 2010).
Ethics is needed to
business for several reason
1. Ethics creates credibility with the public.
2. Ethics helps better decision making.
3. Ethics and profits.
4. Law cannot protect society, ethics can.
5. Ethical influence of globalization on stakeholders.
Thank You
To everyone who is present here
LESSON 3
Millennials and
Fillenials
Presented By: Gracielle Dawn Bueno
Topics:
Millennials: Ethical Challenges and
Responses.
The Positive and Negative
Characteristics of Millennials.
The Filipino Millennials
(Fillennials).
The Generation Gap
Introduction
In recent years, the proverbial generation gap has become
more visible in the Philippines due to changing mores,
styles, and spending habits. Marga Manlapig finds out
more about the differences among the Silent Generation,
Baby Boomers, Generation X, Millennials, Generation Z,
and the young leaders known as Generation T "You just
don't understand!" Over the years, these words have been
the battlecry (or the broken-hearted wail) of young people
against the strictures and policies imposed by their elders.
Millennials: Ethical Challenges and
Responses
The term 'Millennials' generally refers to the generation of
people born between the early 1980s and 1990s, according to
the Merriam-Webster Dictionary. Some people also include
children born in the early 2000s.
The Positive and Negative
Characteristics of Millennials
Millennials have been characterized in a number of different ways.
On the negative side, they've been described as lazy, narcissistic and
prone to jump from job to job.
They have also been described in positive ways. They are generally
regarded as being more open-minded, and more supportive of gay
rights and equal rights for minorities. Other positives adjectives to
describe them include confident, self-expressive, liberal, upbeat and
receptive to new ideas and ways of living.
The Filipino Millennials (Fillennials)
In the Philippines, millennials make up one-third of the total
population. They're the ones politicians talk to. The ones
marketers try to entice and persuade. The ones companies
want to hire. They are a force to be reckoned with.
Millennials in the Philippines are described as those who are
social media-dependent and also, the "selfie" generation.
Many things describe what a millennial is.
The Generation Gap
The concept of the generation gap that all-encompassing phrase
used to describe the conflict between older people and the
youth-has been presented in so many ways over the years.
It is a concept that has been played for both laughs and copious
amounts of tears, but all of that is but the tip of an iceberg of
conflicting yet correlated issues and points of view regarding
anything and everything.
Thank You
FILLENIAL
MORALITY
Children now love luxury. They have bad manners, contempt for
authority,disrespect their elders and love talking instead of exercise. These
were thewords of the Greek Philosopher Socrates in a tirade against the
Athenian youth during his time, but many older adults in this modern age
would use the very same words when railing against the youth. Millennials
are perceived by their elders as having a shaky grip on morality (Leaño,
2018)
Presented By: Trishia Mae Melgar
LOOSENING VALUES
OF FILLENIALS
Millennials are growing up differently from how the
previous generations.The computer is their new nanny and it
trains them to be self – centered andselfish. They could
hardly focus on their studies. The level of information
maybe going up but their level of knowledge is going down
(Leaño, 2018)
REASONS WHY FILLENIALS
ARE BROKE
1. Lacks Financial Literacy
2. Financially Vulnerable
3.Burdened with more Financial
Responsibilities
4. Stagnant Income
HOW TO OVERCOME
THEM?
1. Be thrifty but not cheapskate: - “Use it up, wear it out, make it do, or
do without.
2. Side Hustle: - Try online selling. You can venture in stocks and
other legit investment products to create channel for passive income
.
3. Bargain for a raise. - Though a single raise can only boost your salary by
somuch, when properly managed, that few hundreds of pesos can result
inhundreds of thousands in savings during your entire working career.
4 . Educate yourself or find a mentor - it is never too late to learn how to
manage your finances.
THANK YOU!
