DE LAS LLAGAS, Neilyn V.

OLFDI4

JOURNAL NO.3

What do you think are the effects of globalization on the Philippines? Has globalization been good for the
Philippines? Are there any problems? How do you propose we fix these problems?

I believe that the effects of economic towards our state has been proven effective and majority significantly
benefits from it. For years the government is trying to diminish unemployment rate namely, through trade
globalization and migration which enabled further job opportunities by allowing international companies open
here in the Philippines, and the success of launching overseas employment which facilitates large remittance flow
is one of the most prominent features of our economy and was made possible by globalization’s influence.

In contrast, the backslash from the goal of Philippines towards sustainable development is still
irremovable-- a recurring concern related to increasing globalization is its impact on poverty alleviation and
income inequality. According to Bourguignon (2004), both growth and inequality changes play a major role in
generating changes in poverty. This was supported by a study conducted in the Philippines by Reyes and Tabuga
(2011), in which they found that, while the rate of growth matters a lot in poverty reduction, the redistribution of
income also matters. This implies that the nature of economic growth matters. While globalisation has no direct
impact on poverty, globalisation can affect poverty indirectly through its impact on economic growth and income
inequality. Additionally, via migration PH’s loss of professionals locally reduces our workforce competency.
Aside from that, there exists an alarming number of incidents about illegal recruitment, contract substitution,
illegal placement fees, long working hours, and no days off (in the case of domestic workers), among others. As
a consequence of lacking of welfare and protection policy for immigrants. (Asis, 2017)

I suggest that the possible solutions to these are more inclusive policies that will help cushion the negative
consequences of globalisation and facilitate the adjustment in narrowing the gap between the people who benefit
it the most and those who aren’t. Workers need some retooling to help them find new well-paying jobs and for
producers to be more productive and internationally competitive. For the Philippines, the National Government
could work with the private sector and civil society groups on local initiatives that provide technology and skills
to disadvantaged groups such as in barangays within and outside the cities (Roldan, 2010). In the case of Filipino
migrants, there is a need to protect their rights and well-being as well as to facilitate their participation in the
country’s development, particularly during reintegration. (Dudley, 2017)

References:

Dudley, W (2017): “Benefits and challenges for globalization”, remarks for the Bombay Stock Exchange, 11 May.

Roldan, M (2010): “Globalization and glocalization: experiences in the local Philippine context”, Philippine Institute for Development
Studies, Discussion Paper Series, no 2010-21, October.

Zimmermann@stlouisfed.org, & Guinigundo, D. (1970, January 01). The globalisation experience and its challenges for the Philippine
economy, by Diwa C Guinigundo. Retrieved September 30, 2020, from https://ideas.repec.org/h/bis/bisbpc/100-17.html

Asis, M. (2017, November 30). The Philippines: Beyond Labor Migration, Toward Development and (Possibly) Return. Retrieved
September 30, 2020, from https://www.migrationpolicy.org/article/philippines-beyond-labor-migration-toward-development-and-
possibly-return