Global economic and political integrations have brought both benefits and challenges to the Philippines. It has helped boost the Philippine economy through increased foreign investment and trade, improved infrastructure and healthcare, and created jobs. However, it has also increased foreign influence over domestic policies and weakened some local industries. There are also concerns that globalization is weakening traditional Filipino culture among youth. Overall, while globalization has significantly increased economic growth, it also threatens Philippine sovereignty and local customs.
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Global Economic and Political Integrations as a benefit to Filipinos
Global economic and political integrations have brought both benefits and challenges to the Philippines. It has helped boost the Philippine economy through increased foreign investment and trade, improved infrastructure and healthcare, and created jobs. However, it has also increased foreign influence over domestic policies and weakened some local industries. There are also concerns that globalization is weakening traditional Filipino culture among youth. Overall, while globalization has significantly increased economic growth, it also threatens Philippine sovereignty and local customs.
Global economic and political integrations have brought both benefits and challenges to the Philippines. It has helped boost the Philippine economy through increased foreign investment and trade, improved infrastructure and healthcare, and created jobs. However, it has also increased foreign influence over domestic policies and weakened some local industries. There are also concerns that globalization is weakening traditional Filipino culture among youth. Overall, while globalization has significantly increased economic growth, it also threatens Philippine sovereignty and local customs.
Global Economic and Political Integrations as a benefit to Filipinos
Globalization is the exchange of goods and services, capital, technology,
human resources, and culture globally. It is beneficial while doing business on a global scale. There is a positive impact on infrastructure, education, and health care. Global cultural, political, and economic unification is made possible by it. In the Philippines, it is pretty useful. It has brought a drastic change in the economy since 1995. With the entering the agreement with WTO, many companies and labor have come forward to help the economy. Global economic and political integrations have not brought harm to the Philippines and the Filipinos. Multinational corporations operate on a global scale with satellite offices and branches providing consumer service round the clock. Western businesses with Philippine workplaces may have an enormous upper hand over their non-distant office peers. The accessible tax breaks, rewards, and different advantages offered by the Philippine government make setting up an abroad office simpler than at any other time. It is a minor miracle that an ever-increasing number of worldwide organizations are situated in the Philippines. It created an incredible $8.9 Billion in 2010, $11 Billion every 2011, $15 Billion out of 2013, and is projected to reach $21.2 this 2015. As far as projections, it supposedly goes $25 Billion every 2016 and as much as $28.1 Billion by 2017. By that point, the area might outperform the settlements that OFWs have generally raked into the country and include another 10% of the nation's GDP. Conditions that permit such development and speed are the best for any BPO organization to exploit. In contrast, the most well-known hindrance of the many global organizations is the loss of sovereignty. The financial might of global organizations is mind-boggling. They don't give a second thought to the public needs of the host countries. The impact of the creators of the plan on securing their benefits. As a result, host countries are at risk of losing their power and independence. Multinational corporations have huge budgets for market expansion and expansion. They compete with local businesses, which is the norm. A powerful infrastructure that restrains them will be built. As a result, multinational corporations profit from the advantages, interest installments on credit, sovereignty on licenses, board expenditures, and other services they provide. Multinational corporations (MNCs) tend to provide short- term contracts. Since the incorporation interaction fundamentally allows more prominent organizations to set up foundations a much higher opportunity to contribute to international trade, smaller private sector organizations are often influenced by the trade-off. The Philippines has an abundance of both skilled and unskilled workers, thus the assurance of better vacant opportunities often applies to the former rather than the latter. It can see the effect of MNCs leaving can be seen during the Asian Crisis The Philippines fell somewhat. Chinese-supported MNCs shut, causing a slight financial decay, permitting GMA to acquire power. Yet, despite the numerous modernizations embraced by the country, the World Bank and International Finance Corporation (IFC) rank the Philippines in 138th spot (out of 185 economies) to simplify working together, featuring the significance of nearby information. Other than private department inclusion, the Philippines positions ineffectively on all lists, followed by the World Bank and IFC to simplify getting credit. Financial backer assurance is another disturbing zone, handling the country in the 128th spot on the planet. Economic globalization encourages the exchange of ideas, culture, education, tourism, and technology. Globalization can likewise help the Philippines ' education system cooling to improve more. In the Philippines, education is constantly being improved and advanced, and exceptional people are being recruited to work in the field. Outside of the K-12 system, teaching in the Philippines attempts to develop Filipino students' mathematical, scientific, and language abilities. DepEd's new curriculum promises to provide students with better education through a variety of tracks. Students will have adequate time to study a particular subject and improve their abilities on each track. Graduates from K-12 will be globally competitive and will have a good shot at finding employment. country. What's more, numerous outsiders are going here to examine. Economic globalization encourages exchanging ideas, culture, education, tourism, and technology. Globalization can likewise help the Philippines' education system cooling to improve more. In the Philippines, education is constantly being improved and advanced, and exceptional people are being recruited to work in the field. Outside of the K-12 system, Filipino teaching attempts to develop Filipino students' mathematical, scientific, and language abilities. DepEd's new curriculum promises to provide students with better education through various tracks. Students will have adequate time to study a particular subject and improve their abilities on each channel. Graduates from K-12 will be globally competitive and will have a good shot at finding employment. Country. In addition, many outsiders come here to examine because of the character of education. At the same time, costs are cheaper, making it easier for anyone outside the Philippines to focus their efforts here. Likewise, one explanation is the lower typical cost for essential items while concentrating here. The Filipino public is intelligent and can discuss well with different outsiders. Communicating in English in the Philippines is the Filipino language since it is one of the subjects. The Philippines has an enormous re-appropriating of unfamiliar organizations, particularly in Metro Manila. Globalization improves the progression of data innovation. Data innovation in the Philippines is generally successful, and as a result, Filipinos are well-informed about the most up-to-date design being used by nations throughout the world. In the Philippines, globalization's impact on innovation has more good consequences because it aids in expanding the Philippine economy. Due to the data innovation with the most recent and current use improves all organization items' progression and further limits crafted by each Filipino. Globalization has permitted individuals to comprehend various World pieces' way of life, thoughts, and convictions. Mr. Kenneth Cobonpue or Ms. Monique Lhuillier. They are Filipinos whose ideas and plans have brought global praise and grabbed the eye of outsiders and Hollywood stars. In music and entertainment, the tunes of artist Apl d Ap of Black Eyed Peas are worldwide, and it has underestimated our local dialects. The way of life has a negative impact due to globalization. It has gotten a pre- imperative to every individual looking for a higher status in society. Like some virtues that most Filipino has neglected. Some youthful Filipinos are currently freed like different nations in the method of their living. Many of them, particularly those couples, live in with marriage. Another, who might not perceive Avatar, Barney, Glee, Rain, Wonder Girls, or Kobe Bryant? Globalization has made it feasible for us to be wired and connected to T.V. programs, films, news, ways of life, and diversion of the nations. Consequently, numerous Filipinos, particularly youth, have failed to remember the regular Filipino exercises like Moro-Moro, Kundiman, Sarsuela, and so forth with the development of admittance to the web. Most youthful Filipinos would invest more energy in playing P.C. games and refreshing their Facebook or Twitter situations than playing sports or accomplishing gainful work at home. Because of globalization, this impact on all Filipino individuals here and there isn't acceptable, particularly in Filipino's strength of Filipino like the fast spread of AIDS that generally comes from the external the country. Filipino who have sex with an outsider sometimes gets this sort of sickness. It can spread quickly to others without their knowledge. Social media has added a significant result has added a substantial influence on digital wrongdoings and the expansion of sex recordings. Since 2011, critics have been very vocal on their primary concerns. They insist that the government is not yet ready for the K -12 system and that this is an additional burden to students and their parents. Increase power and liberty of nations, groups, and non-government parties. The Philippines' interest in the ASEAN Free Trade Area considers diminished limitations on cross-line exchange of wares between part states. This also empowers a more extensive scope of administrations and other comparative merchandise to be conveyed between ASEAN individuals, at last producing more open positions for all gatherings involved. For the Philippines, the equilibrium of exchange terms of fare and import between the ASEAN part states was ideal and generally positive. This proposes that the nation's foods have expanded comparatively with the other ASEAN member states. The interaction of political reconciliation would regularly bring about the country being a piece of worldwide associations that focus oof every one of its subjects' prosperity for a more extensive scope. A portion of these associations that the Philippines is a piece of is the World Health Organization (WHO), whose essential mandate is worried about general wellbeing, and the United Nations Office on Drugs and Crime (UNODC), whose necessary order is to help governments in managing crimes, for example, illegal intimidation and unlawful. When countries are economically integrated, it's not uncommon for the most powerful nations to influence the political climate. A country with a frail economy can be handily pressured into passing orders and laws that put effectively more grounded countries at a benefit, basically making the more fragile country incendiary, China's supposed impact over the World Health Organization's reaction to the COVID-19 pandemic. The postponed response by all legislatures overall was credited to the chief general repeating the assertions of the CCP in regards to the underlying episode in China. These charges started contention of how effectively the mandates of a significant association, for example, WHO, can be effortlessly changed by another country's interests. Political integration preferably decreases the odds of showdowns with threatening countries over the long haul too. Political partners, particularly ones with incredible military and protective powers, are regular hindrances to a furnished clash between country states. A genuine illustration of a gathering shaped to shield harmony just as help with advancing financial recovery is the North Atlantic Treaty Organization. Political reconciliation gives better odds of accepting guidance and backing from accomplice countries and associations. While known for their versatility, Filipino individuals are not invulnerable to the financial impacts of cataclysmic events. The public government regularly needs more assets to help individuals, dividing the generally restricted materials inventory. Unmistakable countries like the United States, Japan, and the United Arab Emirates had given billions of dollars in monetary guidance for Tacloban's reclamation, the most hard-hit zone by Typhoon Yolanda. Some Southeast Asian nations like Korea and China also offered help during the Taal Volcano. In political integration, coordination between nation-states can be complex, especially between countries with different agendas or governments with massive power differences. One incident related to this is China and the Philippines for the West Philippine Sea. While the worldwide nation decided for the Philippines, China has dismissed the council's decision and still demands making a case for the West Philippine Sea and its islands. Today, The Chinese power against Filipino sailors and anglers attests to their claim on the West Philippine Sea. It turns out that upholding strategies, for example, council administering, becomes troublesome when another country, particularly an incredible one, rejects the approach and will not collaborate. In a nutshell, Global economic and political integrations positively affect the Philippines and the Filipinos. Trade is improved, and foreign companies' capital flow increases, leading to growth. It expands new pleading with the future and hence enhances the economy. Economic globalization leads to production at the international level, and financial capital flows freely between countries. It maintains the balance between developing and developed countries and affects the country's culture. Political ideas such as human rights liberal democracy between the countries are exchanged. Somehow, some problems are encountered with economic globalization and political integration in the country. If the national government intends to undertake the process of integration, they must ascertain that the partnerships with other nation-states are formed reasonably and with the best interests of the country taken into consideration.