Considering the unfolding of globalization or increasing regionalism or internationalization, trade has increased imports of agricultural products to the Philippines. A Developing country like the Philippines is one of the countries in Asia where the country has been affected by globalization. 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 emerged 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.
Our country is taking part in the process of globalization ever since our country signed agreements with WTO (World Trade Organization) in 1995. Since then, the nation had hope for WTO to bring developments within the nation’s poor economy and also to have a role within the global economy and trade.
Consequently, contract growers and small backyard producers have
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Between January and November 2014, FDI flows reached USD 5.7 billion, which represents a more than 60% increase compared to 2013. Considering the comparative advantages of the Philippines, such as an English speaking and well-skilled workforce, a strong cultural proximity to the United States and a geographical location in a dynamic area, the FDI flows remain relatively weak. This can be partially explained by the fact that the country is evolving into a service society with a low capital strength, which means a need of minimal equipment. In addition, the government favors subcontracting agreements between foreign companies and local enterprises rather than FDI in the strict sense of the term. Lastly, corruption, instability, inadequate infrastructures and not enough juridical security discourages
The world has been steadily growing in population, but shrinking in both the literal and metaphorical vastness of society. With a boom in technological invention, the world has discovered new ways of international trade, transportation and communication. With this comes the ability to interact closely with other cultures. In an article about globalization, Deborah Knight says “Go to your local supermarket and you can buy grapes from Chile or tomatoes from Mexico. Call the help desk for the computer you just bought, and the person you talk to is in India. Purchase a shirt and it will bear a tag from China, Indonesia or El Salvador. Go through your daily routines and you will almost surely encounter people who have immigrated to the United States
Nowadays, Globalization is a main trend for the world economic. The world’s economy has become fully integrated. There are no barriers and borders to trade around the world.
One specific issue that has been associated with globalization that caught my eye was with Peru. Peru used to be a third-world country that was populated with poverty and repression. Today, Peru is now changing into a rising nation and is becoming more popular. Peru is now on the rise is because globalization raised the human development index, authorized women, and shaped a stronger country and government. Today, we consider The Human Development Index to be a dimension of a country’s social, political, and economical growth in contrast to other countries around the world. In 1975, Peru’s Human Development Index was a 0.643, but by 2003 the Human Development Index had increased to 0.762. By seeing the HDI increase by more than one tenth shows that globalization has been a positive impact towards Peru. Within those 28 years, the poverty rate in Peru dropped about six percent and had a two percent increase in the adult literacy rate. In 1975, women were expected to have about six children each, but in 2003, women were expected to have at least three kids. Even though the number of chi...
In many countries globalization is a problem for many people,and many are affected by it. Globalization is becoming a threat to the environment,factories are causing smoke to spread in the environment. Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale Also the people that live there are being affected by it so they have to wear a mask. The elderly have to work,even if they are weak.
Globalization is the shift toward a more integrated and interdependent world economy (Hill, 2005). Globalization has several different areas including the
Globalization is the expansion of business across borders to create an economy which encompasses the world. According to Hill (2013), “globalization refers to the shift toward a more integrated and interdependent world economy. The globalization of markets and globalization of production are two distinct facets of this expansion”.
According to Hanser and Gomila (2015), “Globalization is the process by which societies, cultures, and economics around the world have become integrated due to advances in communication and transportation technology, as well as the passage of laws and treaties that facilitate this integration” (p. 7). The concepts of globalization have impacted small, medium and large businesses in the United States. Globalization has influenced the way leaders think, make decisions, and lead their organization. We are surrounded by super information highways and modern technology, which makes it easier and accessible to conduct business across nations.
Globalization is an important contemporary phenomenon and it is difficult to avoid the trend. Its development as well as make people recognize each other's lives in an interdependent global village. Therefore, globalization encourages people to care about many global equity issues such as peace, justice, environmental protection. Like many phenomena, there are both sides of pros and cons in globalization. Globalization can create new opportunities for the expansion of international trade, and enhance global commodity circulation and improve cultural exchange (Krier, 2001). It is beneficial to the development of integration with the global economy. Emphasizing efficiency in terms of globalization
Over the years, the Philippines has gone from being one of the richest countries in Asia to being one of the poorest. It has experienced growth and development since World War II. The current administration under President Gloria Macapagal-Arroyo is aiming for a more rapid growth in the coming years. In 2004, the Philippine economy grew by 6.1% surprising everyone. In 2005, the Philippine peso appreciated by 6%, the fastest in the Asian region for that year. At present, the administration is meeting its expected target growth and is continually looking positive for the future.
Philippines has at least 99 million people with 13% of the total population residing in Metro Manila. Metro Manila, the National Capital Region is recognised as the main industrial and commercial centre of the Philippines. “Met...
Globalization is defined as the act of creating connections between countries across the globe in terms of culture and economy. Almost on every part of the world, citizens have become a part of the global village. Even though various researches stated that there are negative effects of globalization for particular reasons, the positive impacts were clearly shown to be stronger especially in developing countries such as Cambodia.
Globalization encourages worldwide business. Globalization is an efficient process by which all the nations of world will commonly try to set regular universal standards & regulations (both created & recommended) which will encourage business around different nations. Business around nations or elements crosswise over different fringes is called universal business.
Globalization is the new notion that has come to rule the world since the nineties of the last century with the end of the cold war. The frontlines of the state with increased reliance on the market economy and renewed belief in the private capital and assets, a process of structural alteration encouraged by the studies and influences of the World Bank and other International organisations have started in many of countries. Also Globalisation has brought in new avenues to developing countries. Greater access to developed country markets and technology transfer hold out promise improved productivity and higher living standard.
Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.
Philippines: Country Profile 2004 1 Dec. 2004 The Economist Intelligence Unit Limited 2004 15 Dec. 2004 www.eiu.com