Globalization is the interconnectedness and interdependence recognized between countries. Globalization can be a major factor that is a part of the development of the world economy. Although globalization may be more beneficial to some countries, other countries may not be progressing in an even pace as others. Overall, globalization helps countries provide opportunities to establish stability in areas like economy, politics, labor, and the reduction of poverty level.
The Philippines is a country in Asia that has been influenced by globalization. Within globalization, it brought some quick changes to the Philippines in the areas of technology as well as the opening of the Filipino economy up to foreign trade and investment. With the signing of agreements with the World Trade Organization, globalization has helped the Philippines make changes in labor and more Filipino and foreign companies have emerged to help the country’s developing economy.
Although the Philippines face issues of poverty, hunger, and suffering, the abundance of agricultural opportunities have minimally hindered these harsh issues. Because of agricultural abundance and being rich in natural resources, the Philippines has great contribution of exports as well as trade with other countries. The balance of their natural resources and abundance of agriculture helps the Philippines stay balances as it allows them to have a growing and successful economy. When countries, participate foreign trade the economy is benefited.
Overall it can be seen that globalization has more positive effects than negative effects in the Philippines. It helps make the Philippine a better nation and allows further advancement with global trading as well as investors to help boost the economy. With the Philippines’ balance of imports and exports, it is a key factor in the balance of their economy as well as reducing the some major issues of poverty, hunger, and an increase of labor.
The Philippines is a country in Asia that has been influenced by globalization. Within globalization, it brought some quick changes to the Philippines in the areas of technology as well as the opening of the Filipino economy up to foreign trade and investment. With the signing of agreements with the World Trade Organization, globalization has helped the Philippines make changes in labor and more Filipino and foreign companies have emerged to help the country’s developing economy.
Although the Philippines face issues of poverty, hunger, and suffering, the abundance of agricultural opportunities have minimally hindered these harsh issues. Because of agricultural abundance and being rich in natural resources, the Philippines has great contribution of exports as well as trade with other countries. The balance of their natural resources and abundance of agriculture helps the Philippines stay balances as it allows them to have a growing and successful economy. When countries, participate foreign trade the economy is benefited.
Overall it can be seen that globalization has more positive effects than negative effects in the Philippines. It helps make the Philippine a better nation and allows further advancement with global trading as well as investors to help boost the economy. With the Philippines’ balance of imports and exports, it is a key factor in the balance of their economy as well as reducing the some major issues of poverty, hunger, and an increase of labor.