Case Study 4.

Imports in Local Stores’

Shelves
Because of market liberalization, it is
common to find imported goods in
Philippine stores. Consumers
primarily benefit from trade because
they get to enjoy greater variety of
goods at a lower price. But as
imports compete with locally
produced goods, Filipino enterprises
are hard-pressed in face of stiff
competition because of market

Globalization
openness.

and the Global South

• Scholars point to the impact
of globalization on
global divide:
– According to Walden Bello, the
new globalizing structure
does not erase the disparity
between the rich and poor
nations
– Income gap continues to grow
between and within
countries, even within the rich
countries
Globalization
themselves
and the Global South
•
According to the UNDP on the ratio
of income between the
rich and the poor nations
•
Another point: globalization
primarily led by the Global
North
– Share in world total economic output:
75%