Free trade zones, or the unhampered movement of goods, capital, ideas and people, were essential to a globalized economy. Over the course of his long career, he has told a far different story. For him, the birth of globalization occurred in a radically different place and time. In his latest book, The Age of Trade:
Contact Author Globalization has offered considerable controversial impact. It has been viewed as a process that is 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 some countries have been able to integrate and are growing faster and reducing poverty. However, the effectiveness of globalization in developing countries is widely active because globalization helps give opportunities in such countries in order to establish stability especially in the economy, trade, politics, society, labor, technology and to reduce poverty level.
Developing country like the Philippinesis one of the countries in Asia where the country has been effected by globalization. The country is taking part in the process of globalization ever since the country signed agreements with WTO World Trade Organization in 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 due to the influence of Uncle Sam, decent savings rates, 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 sweet potatoes the staple food crops. Key cash crops include coconuts, fruits and vegetables, sugar, tobacco, and abaca the famous "Manila hemp" used for rope making. In aggregate, about two-thirds of Filipinos continue to depend on the agricultural sector.
The Philippines is rich in natural resources, as reflected in the fact that foreign exchange earnings have derived largely from export of primary commodities. The export of fruits and vegetables, especially pineapple products and bananas, plays a key economic role every year.
Among the minerals that the Philippines produces are copper, gold, nickel, chromium, iron, and manganese. Mining will continue to be important in the future, particularly copper, nickel, chromite, and iron. However, the costs are high according to the international standards and many gold mines and other operations are not economically at its best.
The Philippines global economy remains in transition and the nation has been living through a period of increasing volatility. Philippines have four regions that globalization has targeted and these four are: Each of these factors has been in its own way force throughout the world.
But more interesting is the realization that governments today no longer possess the reserves to materially affect the global capital markets. Capital now moves according to the dictates of markets, not of governments.
With its great confidence on joining the WTO, the Philippines are still lagging behind its Southeast Asian neighbors in terms of economic performance.
But when the nation joined the WTO inthe Philippines had entered the global economic game with its domestic political economy unprepared and undeveloped.
As a result, the Philippine state has failed to create the kind of organized 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. With its vast development it has brought about technologies mostly computers and software and also telecom companies are being introduced into the market.
Thanks to globalization, such technologies were influenced by Philippines neighboring Asian countries like Malaysia and Chinaand even Japan.Education for globalization kills culture of poor countries.
including the Philippines, and Filipinos could also practice their professions in the US without barriers whatsoever. MBInternational Business Management - Download as Word Doc .doc /.docx), PDF File .pdf), Text File .txt) or read online.
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The Philippines and the dawn of globalization 0. By RACHEL A.G.
REYES, TMT on August 15, Analysis. RACHEL A.G. REYES. MOST economists and scholars of globalization think that free trade emerged during the Industrial Revolution and the heyday of Western empire building, a period roughly from to During this time, .
|Quick Answer||Its objective is to be attuned to trends in the socio-economic and political scenes in the world. In other words, we should be world-class and be at par with other developed countries in the world of competitiveness in all aspects of life.|
|Effects of Globalization in the Philippines Effects of Globalization in the Philippines Essay As defined, the term globalization refers to the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. Globalization has offered considerable controversial impact.|
Globalization: Its Impacts on the Philippine Environment Warren Wilson College) 1. INTRODUCTION: THE PHILIPPINES AND THE plombier-nemours.com SITUATION The Philippines is an archipelago situated on the eastern edge of Asia.
It is bounded to the west by the South The major component of globalization is the removal of re.