SOUTHEAST ASIAN

VIEW ON
ECONOMIC
GLOBALIZATION
Module 1 | The Contemporary World
What is the effect of
Globalization on Trade and
Commerce?

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What is the effect of
Globalization on Trade and
Commerce?

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Necessity
breeds
Intervention
One important inspiration
of economic globalization
is

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 “
As stated in our previous
discussions, what is
happening in one part of
the globe is felt
everywhere.

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 “
Real time information (favorable or
unfavorable) gathered instantly
through modern technology from
supply centers for goods and
services certainly would have direct
impact on the demand side of the
economy.

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 When
Globalization
and
Economy Meet
Over-all, the benefits of
globalization to the people took
many forms.

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In a nutshell, the impact of
globalization on economy can
be reviewed as stated below:

● Qualitative and Quantitative Increase

in Productivity
● Need to Encourage Research and
Development
● More Intellectual and Upgraded Jobs
● Need for Highly Professionalized and
Knowledgeable Personnel

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In a nutshell, the impact of
globalization on economy can
be reviewed as stated below:

● Need for Bio-Professional and Multi-

Professional Managers
● Government Regulations and Public
Opposition
● Insatiable Demand for Capital
● Impact of Changes on Products and
Organizations

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In a nutshell, the impact of
globalization on economy can
be reviewed as stated below:
● Redefinition of Business Boundaries
(i) Technological change may broaden or
narrow generally accepted industry
boundaries.
(ii) Technological changes affect the
individual companies also in the industry.
Due to these changes, the companies
may find themselves in different
business.
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In a nutshell, the impact of
technology on economy can be
reviewed as stated below:
● Redefinition of Business Boundaries
(iii) Technological changes also give rise to product
substitution and product differentiation.
(iv) For multi-product companies, technological
change may have multiple impacts. Technological
changes can create new things and obsolete the
existing ones. Thus technological change influences
industry boundaries and structure, product
substitution and differentiation, price and quality
relationship between products.

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 ?
Does the Philippines have the potential to
be more productive economically through
globalization? How? Cite some examples.

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 ?
What should our country’s economic
managers and policymakers do in order to
achieve greater economic productivity
through sustainable development?

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