Rhon Ravenn G.docx

Rhon Ravenn G. Baguio

The Contemporary World

PT-1B

Sir. Munji Salaritan

Is the Philippine affected by Globalization? Our country right now is facing some positive and negative effects of globalization that may either be beneficiary or not. But first we need to know what is globalization and how doest it affect our country which is the philippines. Globalization has offered considerable controversial impact. It has been viewed as a process that is a major factor that is a key to the development of the world economy and also it is inevitable and irreversible. Some regard it with hostility, fear that increases inequality between nations, threatens employment and living standards and social progress. These brief facts is an overview of some aspects of globalization and aims to identity ways in which countries can tap the gains of this process while remaining realistic about its possible abilities and its dangers. In fact, globalization offers essential opportunities for global developments but it is not progressing in an evenly pace. Some countries have adapted to globalization and it is participating into the global economy faster than other countries are. This is because countries with globalization have been able to integrate and are growing faster and reducing poverty. Now, globalization is very effective in the Philippines, it has allowed major changes in the nation like more labor, and more Filipino and foreign companies has risen in the nation in order to help the country’s developing economy. Generally, the Philippines is one of the developing countries that is rapidly dealing with globalization ever since the influence of the US during the World War II The country had high levels of education and English literacy, and an export-oriented agricultural sector that generated more than sufficient foreign exchange. The industrial sector was growing rapidly and the country had one of the highest per capita incomes in Southeast Asia. There was much to look forward to on the economic and business front. The Philippines is a country of ups and downs of conspicuous consumption of devastating poverty, hunger and suffering. The economy is basically agricultural, with rice, corn, and kamote. The staple food crops. Key cash crops include coconuts, fruits and vegetables, sugar, tobacco, and abaca. The Philippines is rich in natural resources. The export of fruits and vegetables, especially pineapple products and bananas, plays a key economic role every year. Globalization, whether individuals favor it or not, is taking place at a rapid pace, integrating more and more of the nation’s and world economy. We can also identify that the Philippines are still lagging behind its Southeast Asian neighbors in terms of economic performance. Whereas, the Philippine economic growth was second only to

Japan ’s in the 1960’s. As a result the philippines state has failed to fix and organize the socioeconomic environment that would have prepared the country for global competition. There are many things that globalization that brought quick changes into the Philippine society. Like the introduction of technologies and computers to the market. Thanks to globalization, such technologies were influenced by Philippines neighboring Asian countries like Malaysia and China, and even Japan. It also has opened its economy to foreign trade and investment. Furthermore, globalization has allowed Filipino workers to travel the world, due to better economies and better money. The total number of overseas Filipinos may be as high as eight million, according to the government. In contrast, the question that the Filipino society asks themselves is: “Can the Philippines handle globalization”? Many Filipinos believe that globalization has done nothing for their country. And this is due to the poverty that has been becoming worse each year. The Philippines is still corrupt and still faces economic and political problems, therefore, the nation and its people does not trust the process of globalization. The majority of Filipinos believe that globalization has brought about problems and conflict rather than changes. The people of the Philippines mostly rely on its leaders because it’s the leaders whom the society believes and trust for the people know that the leaders are the ones that can make the whole Philippine society better and much more developed or well-organized. So, globalization has to take place within the country in order to make such changes happen. Due to the process of globalization in the Philippines, poverty level has been increasing. This is why the Philippines is corrupt because they cannot solve nor reduce the poverty rate. However, poverty has been a major struggle within the nation and most the society is the ones that are suffering especially those who suffer are the ones who do not have any jobs, money, and homes. That is why the people protest to the leaders and the government to ask them for better lives. Overall, the Philippines is a developing country that is bound to develop due to globalization.