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 Philippines , is 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 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. 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.
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. It is estimated that 90% of the country's mineral resources are unsurveyed and undeveloped. 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. 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. Philippines have four regions that globalization has targeted and these four are: liberalization, mobility of capital, technology, and management of organization through private and public sectors.
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. Whereas, the Philippine economic growth was second only to Japan ’s in the 1960’s. But when the nation joined the WTO in 1995, the 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 China , and even Japan . Thanks to globalization, it has opened its economy to foreign trade and investment. Furthermore, globalization has allowed Filipino workers to travel the world, but most head for the Middle East, East Asia, the US and Canada and Europe due to better economies and better money. Filipinos working overseas numbered more than three million - about 10 percent of the labor force. The total number of overseas Filipinos may be as high as eight million, according to the government.
Those Filipinos working overseas send about $10.7 billion back to their families or relatives in the Philippines in 2005. 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.
There are over 80 million people living in the whole of Philippines about 60 percent of the population lives in poverty. 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. For example, the world economic globalization affects nearly every person, but the process of globalization is a challenge to indigenous peoples. I
n most countries, native peoples have little voice within the government, and their owned lands are taken away by corporations. Indigenous farmers typically farm small plots and sell their crops locally; their farms do not scale up to the size and technology necessary for export.Like the indigenous peoples of the Cordilleras, in the southern part of the Philippines , have lived in the mountains for generations. In the past century, Cordilleras farmers began planting cash crops, including vegetables, coffee and beans. Increasingly the people are moving to towns and cities because they government are taking over their lands and allowing companies to built their industrial plants there due to the major threats that the indigenous people face.The farmers in the Philippines are suffering and this is due their competitiveness in selling crops to the market is being eroded by foreign imports. In fact, vegetable prices in the Philippines are high. Consumers in non-producing areas pay 50-100% more than what farmers usually receive.
Farmers receive 28% more than wholesale prices in surrounding countries. These results are why vegetables are smuggled in the nation for vegetables have become a form of contraband. These are the problems with developing countries is that they are very corrupt politically and economically but its not the fault of globalization but it’s the whole nation is at fault.Overall, the Philippines is a developing country that is bound to develop due to globalization. I believe that globalization will make its impact in the Philippines because the whole society relies on westernization due to globalization.
Globalization can make the Philippines into a better nation if the Philippine leaders to make their economy more advance through global trading and allowing more foreign investors to the help boost the economy. And by accomplishing those goals, the Philippines should be able to reduce the poverty level as well as increase labor force for job opportunities for those that are in need for a living. However, sine the poverty level is still increasing, most Filipinos has managed to find work overseas and they have managed to seek better living than in the Philippines. The most effective factor in the Philippines is education. The society’s mentality is to be educated and it’s with education that people in the nation see their opportunity for a better life in the future.
Jim Tang on December 09, 2018:
I have a hard time understanding. Too many grammatical errors.
Ricky Danota from Indonesia on April 11, 2018:
I read this article is quite interesting and good enough even though his English is not understood, but for me can understand.
Lio Tunococ on February 06, 2018:
There are many ideas that are incorporated, however some of the ideas contradict each other and the conclusion does not make any sense.
JMM on December 02, 2016:
I think the paper is good despite the contradictions and no-so-good english. I'd like to point out an error however, the Cordilleras are in NORTHERN part of the Philippines, hehe.... gotcha there!
tp on September 20, 2016:
Would've been a very good insight, except in some sentences you seem to contradict yourself. In one paragraph you state that it is due to the process of globalisation that the Philippines is experiencing higher levels of poverty while in the former paragraph you've just explained in detail that in thanks to globalisation the country is experiencing increased growth in the economy.
helow ,im fe on March 19, 2014:
actually it is a very nice,but i agree.
helow lm fe. on March 19, 2014:
jeje nice one
Prince Edike from Philippines on February 04, 2014:
You are awesome Vilanueva. You have said it all. I ve been here for two years now and what i see i a crawling economic growth. As regards to your point of allowing many foreign direct investors, i think that will help a lot and it can be solved by softening the trade policies a bit to attract investors abroad. In the area of the government, they haven't done much badly, the problem is the people who keep having babies upon their state and conditions. The culture of instant gratification has to be divorced from the people's mode of living. An average Pinoy would prefer eating fast food than cooking at home and would even buy a car on credit amounting up to a decade. These things need to be re-address at the family level. Thanks for a great hub. i will follow you now.
mich on October 13, 2012:
yes iagree,I'll suppot this
Salamat on July 26, 2012:
Yes! I agree. Terrible English. What do you mean "Philippines is corrupt?
Boss on June 17, 2012:
cherstan :) on October 04, 2011:
somehow helpful to my synthesis paper I'm doing...