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Globalization in the Philippines

Uploaded by marcus_0413 on Mar 30, 2002

Economic Globalization is something that has been with the human race ever since the world has begun. From local to global, we could attribute this to the result of human innovation and technological progress. Globalization from the word global means spreading throughout the world, in other words spreading world-wide. The aims of having a 'globalized community' is to have interdependence of the entire world and its people from each other with concern for the rest of the world at the expense of national self-development and self-interests.

Specialists say that globalization refers to the increasing integration of economics around the world, particularly through trade and financial flows. This integration of economics is concerned more on the inclusion of people of all races on an equal basis in a world-wide view of living in a shared global community. But we should also put into consideration that it could also refer to the movement of people from which we could extract labor, knowledge from the ever increasing advancements in science and technology, cultural, political and environmental dimensions of globalization. With globalization in hand, there would be an extension beyond national borders of the same market forces that have operated for centuries at all levels of human economic activity. We could no longer say that economic trade, progress, and chances of one to having to share something with the world is limited to just national and local borders. In globalizing the world, it would mean taking on some risks and chances of either winning or losing in a world where there is more competition in the field of economic growth and progress.

Globalization creates both winners and losers. This is a view shared by many, but not all, theorists and commentators. There are many trends of thought regarding exactly who the winners and losers may be as well as what may be considered a prize or a punishment. An example is that some may sight the availability if McDonalds fast food throughout the Philippines an enrichment and some may see it as an unwelcome and unsavory invasion of what we have as our own, Jollibee. Comparison between these opinions paints an interesting picture of what Globalization is, what certain parties want it to be seen as and what kind of world it could create. Anthony Giddens says "Globalization, some argue, creates a world of winners and losers, a few on the fast track to...

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Uploaded by:   marcus_0413

Date:   03/30/2002

Category:   Social Issues

Length:   12 pages (2,739 words)

Views:   5689

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