Globalization: Philippines, Economic, and Social Impacts

This assignment delves into the multifaceted effects of globalization, examining its impact on the Philippines and the broader global landscape. The student explores the economic dimensions, including increased industry within the Philippines due to WTO membership, the progressive nature of globalization through international exchange, and its association with economic interdependence and cross-border trade. The assignment highlights the benefits for first-world countries and the challenges faced by third-world countries. It also addresses ethical issues arising from international business, the role of globalization in poverty reduction, and the relationship between globalization and capitalism. Furthermore, the analysis covers the environmental impact of increased consumption and transportation, global inequality, the emergence of global citizens, and the benefits for common citizens. The student expresses their acceptance of globalization and discusses the role of culture, the internet, and past events in shaping globalization. The assignment also touches on global regulation, outsourcing, policies to mitigate negative effects, and the impact on education and demographic trends. The assignment concludes by acknowledging globalization's diminishing effect on nationalism.

Running head: GLOBALIZATION
Globalization
Name of the student
Name of the University
Author note

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Answers
1)
Philippines can be said to be a globalized country owing to the fact that there has been increase in
industry within Philippines. Philippines has joined World Trade Organization that has created various
opportunities for the other countries in carrying out trade with Philippines.
2)
Globalization can be said to be progressive due to the fact that the international exchange of the
money along with the ideas helps in the development of a particular region. Globalization helps the
countries in carrying out the free trade that makes the countries rich (Beck 2018). It helps in bringing
the people and the business together that is a positive aspect of globalization.
3)
Globalization is associated with the economy as it helps in bringing about increased interdependence
in relation to the various world economies. Cross-border trade pertaining to the communities along
with the services helps in bring about the development of a particular region (Hirst, Thompson and
Bromley 2015). Globalization helps in bringing about the mutual integration in relation to the market
frontiers that makes it associated with that of economy.
4)
The first world countries benefits from that of globalization as it is found that the advanced economies
can make benefits owing to globalization. The countries that are developed and industrialized can
make more profits in the case of globalization. The third world countries cannot make progress in the
event of globalization as they are not equipped with the advanced technology that can help them in the
phenomena of globalization.
5)
The moral issues are caused in the society on account of the advent of globalization. The
internationalizing of the business have paved the path for the ethical issues in the society. The
organizations face issues pertaining to international human resource management along with the
financial management owing to the influence of the phenomena of globalization (Steger 2017). The
ethical issues are raised owing to the fact that the cultural issues arise due to globalization.
6)
Globalization helps in reducing the poverty across the world. It helps in distributing the gains
throughout the world that plays an important role in the elimination of poverty throughout the world.
It can help in bringing about equality among the various countries of the world.
7)
Capitalism was born in the society in the event of the incorporation of the capitalist system. The
monetary system grew complex in the case of growing interconnectivity in between the countries. It
can hence be stated that capitalism is one of the manifestations of that of globalization (Papastergiadis
2018).
8)
Globalization can be instrumental in bringing the lasting prosperity to various countries around the
world. Trade can help in delivering the high growth and it can help in bringing about the
technological progress of a country. The trade can thrive within the open environment that can be
brought about with the help of the event of globalization (Pieterse 2015). The governing by the clear
rules can help in the development of various countries across the world.
9)

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Globalization has increased consumption of the products that has an adverse effect on ecological
cycle of a country. The increased consumption of the goods increases production of the goods that has
a negative effect on that of environment. The transportation of the raw materials has increased in the
age of the globalization. People consume the goods that are developed in the foreign countries that has
a detrimental effect on the environment of a particular country.
10)
Global inequality refers to the idea of the inequality in between the various countries. It is indicative
of the economic difference occurring in between the countries. It is also indicative of the education
differences existing among the people of the various countries (Milanovic 2016). An example of
global inequality can be seen in United States that has highest degree of that of income inequality in
between the industrialized countries.
11)
Philippines can make progress with the help of the incidence of globalization. The transportation
industry can flourish with the help of globalization that can help in bringing benefits to the people
residing in Philippines. It can help in the flourishing of various kinds of industry in Philippines that
can prove to be advantageous for the place.
12)
The increase in globalization has helped in producing the “global citizens”. The advantages of being
the global citizens lie in the fact that it can encourage the people in seeing themselves to be citizens of
that of entire world (Enloe 2016). It can help in understanding interdependence in between the living
creatures that can have positive effects on the citizens within the world.
13)
The common citizens can make benefits with the help of the event of globalization. It can play a
crucial role in empowering the individuals in the society (Stearns 2016). The growth rates in the GDP
can help the people in various countries in leading a better lifestyle that can bring benefits for the
people.
14)
I would accept the idea of globalization due to the fact that it various kinds of merits associated with
it. It can help the countries in acquiring the additional resources along with the capital that can be
instrumental in the development of a particular region. It can help in bringing about the technological
developments that can act as a boon for the people living within a particular country.
15)
The time of the borderless countries would never come owing to the fact that the modern age is the
age of interconnectivity. The countries in the world are coming together so that they can gain from
this. The scientific along with the technological developments in the world would make the process of
the growth easier for the various countries.
16)
Culture can make benefits on account of the influence of globalization. It can help in improving the
emphasis of the government on that of culture that can greatly serve the cause of the globalization.
The Chinese government introduced various kinds of measures pertaining to national cultural
preservation that helped in the development of various countries. The Chinese government has
introduced various kinds of festivals that can aid in prospering the various countries.
17)
Internet has a great effect on the event of the globalization. The communications technology has
helped in revolutionising the manner of working of the people. It has helped in expanding global

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knowledge base that has helped in bringing the people along with the culture closer to each other.
World Wide Web has provided a platform that can help the companies in the area of communicating
and sharing the information.
18)
There were various events in the past that paved the path for globalization. The growth of that of the
global trading blocks paved the path for the incidence of globalization within the various countries.
The trading blocks like the NAFTA along with the ASEAN has led to the occurrence of the
globalization. The mobility of the labour have set the stage for the event of the globalization.
19)
Global regulation refers to the regulatory standards in the various countries that can have an effect on
that of globalisation. There are certain regulations across the world that has effect on that of
globalization and these regulations can help in maintaining order in the world. It can help in stating
forward the laws that can help in creating a road for the event of globalization.
20)
Outsourcing plays an important role in relation to globalization. Outsourcing can help in offering the
strategic solution that can be instrumental in easing the pressure pertaining to production cycle. The
organizations make use of outsourcing so that they can accelerate the aspect of the innovation that can
help in making a business efficient. Outsourcing can help the companies in gaining access to the
wider range of the skills along with the resources that can be beneficial for the various companies.
21)
Globalization would continue to increase across the world. The countries want to come together so
that they can get benefits out of it. It would not come to an end as it can play an important role in
helping the flow of the goods along with the services across the world.
22)
There are various policies that can be implemented that can help in saving the people from that of the
negative effect of globalization. Globalization can be saved by the help of the policy of the trade
liberalization that can be advantageous for the various countries of the world. There should be anti-
dumping along with countervailing duties that can help in serving globalization.
23)
Globalization has effect on the aspect of education of a particular country. It can help in connecting
the various methods of the teaching that can help in encouraging international development in relation
to the environmental sustainability.
24)
Globalization has effect on the aspect of the demographic trends of a particular country. It can have an
influence on the aspect of the migration that can have benefits for the people in various countries.
25)
Globalization has diminished the aspect of the nationalism in the various countries. It has weakened
the national barriers existing in between the various countries.

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References
Beck, U., 2018. What is globalization?. John Wiley & Sons.
Enloe, C., 2016. Globalization and militarism: Feminists make the link. Rowman & Littlefield.
Hirst, P., Thompson, G. and Bromley, S., 2015. Globalization in question. John Wiley & Sons.
Milanovic, B., 2016. Global inequality: A new approach for the age of globalization. Harvard
University Press.
Papastergiadis, N., 2018. The turbulence of migration: Globalization, deterritorialization and
hybridity. John Wiley & Sons.
Pieterse, J.N., 2015. Globalization and culture: Global mélange. Rowman & Littlefield.
Stearns, P.N., 2016. Globalization in world history. Routledge.
Steger, M.B., 2017. Globalization: A very short introduction(Vol. 86). Oxford University Press.