Negative Effect of Globalization in the Philippine Economy
Adverse Effect of Globalization in the Philippine Economy
Introduction
The thrive of globalization has opened gates for economies both nationally and globally. The last three decades saw many governments acquiring the systems of free markets, thereby, maximizing their own potential and opportunities for international business as well as investment. What's more, as a result of globalization governments all over the world worked towards the elimination of limitations to business and trade of goods and services across the world. With these new opportunities having hit the global economies so hard, industries took advantage by constructing new business corporations in foreign markets with their associates. This gave international trade and business and a new business structure, which can, hence, be summed up under what is economic globalization capable of altogether.
Even today no country is fulfilled i.e. a country can’t produce each and ever thing required by its citizen. Due to geographical condition it produces some things which are in short to meet the demands and it is then when it has to look towards some other country gifted with abundance. This produced trading.
Looking today in broader way the idea of globalization is in force.
Globalization is expressed as primary economic phenomenon, including the increasing interaction, or integration, of national economic systems through the growth in international trade, investment and capital flows. It is the raise in connective and a procedure where geographical distance becomes less important in the establishment.
With globalization in effect there are two ways it can be seen at. The basic idea behind globalization is that it is a key aspect for the world economic development. While some think, it increases disparity within and between nations, threatens employment and living standards and thwarts social progress.
It makes the whales larger and the minnows stronger. It depends on that
Introduction
The thrive of globalization has opened gates for economies both nationally and globally. The last three decades saw many governments acquiring the systems of free markets, thereby, maximizing their own potential and opportunities for international business as well as investment. What's more, as a result of globalization governments all over the world worked towards the elimination of limitations to business and trade of goods and services across the world. With these new opportunities having hit the global economies so hard, industries took advantage by constructing new business corporations in foreign markets with their associates. This gave international trade and business and a new business structure, which can, hence, be summed up under what is economic globalization capable of altogether.
Even today no country is fulfilled i.e. a country can’t produce each and ever thing required by its citizen. Due to geographical condition it produces some things which are in short to meet the demands and it is then when it has to look towards some other country gifted with abundance. This produced trading.
Looking today in broader way the idea of globalization is in force.
Globalization is expressed as primary economic phenomenon, including the increasing interaction, or integration, of national economic systems through the growth in international trade, investment and capital flows. It is the raise in connective and a procedure where geographical distance becomes less important in the establishment.
With globalization in effect there are two ways it can be seen at. The basic idea behind globalization is that it is a key aspect for the world economic development. While some think, it increases disparity within and between nations, threatens employment and living standards and thwarts social progress.
It makes the whales larger and the minnows stronger. It depends on that