JAIMIE B.

ECONOMY :

PURGANAN Economic globalization refers to the increasing

interdependence of world economies as a result
of the growing scale of cross-border trade of
commodities and services, flow of international
capital and wide and rapid spread of
BSARCH 3 technologies.

In general, globalization decreases the cost of

manufacturing. This means that companies can
offer goods at a lower price to consumers. The
average cost of goods is a key aspect that
contributes to increases in the standard of living.
Consumers also have access to a wider variety of
goods.
FOR EXAMPLE : Free trade agreements, such
the North American Free Trade Agreement and
the Trans-Pacific Partnership are examples of
economic globalization. Multinational
corporations, which operate in two or more
countries, play a large role in economic
globalization.

CULTURE :
Cultural globalization refers to the transmission
of ideas, meanings and values around the world
in such a way as to extend and intensify social
relations. This process is marked by the common
consumption of cultures that have been diffused
by the Internet, popular culture media, and
international travel.

EFFECTS OF CULTURAL GLOBALIZATION

INCLUDE: Foreign cultures can supersede
local, traditional cultural norms, values, and
practices. Great ideas can be transmitted from
one culture to another, including new forms of
thinking about economic or political questions.
Scientific discoveries and theories can also be
shared.
THE NEGATIVE EFFECTS OF
GLOBALIZATION IN THE PHILIPPINES: The
widening of the gap between the rich and poor
people, a result of globalization, puts the
Philippines deeper in the quicksand of poverty
and also causes social injustices among men.
The deprivation of jobs and resources from its
own citizens causes the people to die
unattended
JAIMIE B. POLITICS :

PURGANAN In its current form, globalization has exacerbated

inequalities. Globalization 2.0 must address the
political ramifications and power imbalance of
these cleavages, particularly in trade, data and
technology, finance, tax, and climate change
BSARCH 3 policies.

The creation and existence of the United

Nations has been called one of the classic
examples of political globalization. Political
actions by non-governmental organizations and
social movements, concerned about various
topics such as environmental protection, is
another example.
THE NEGATIVE EFFECT OF POLITICS IN
GLOBALIZATION: Despite the continuing
emphasis on promoting global prosperity and
achieving a more “just world,” negative aspects
of globalization remain rife in our globe.
Poverties, inequalities, injustices, starvations,
backwards and marginalizations are all serious
problems many societies are still experiencing.

ENVIRONMENT :
Environmental globalization involves an
intensifying, deepening and expansion of global
networks leading to increasing global uniformity
and connectedness in regular environmental
management practices.

An example of environmental globalization

would be the series of International Tropical
Timber Agreement treaties (1983, 1994, 2006),
establishing International Tropical Timber
Organization and promoting sustainable
management of tropical forests.

Increased greenhouse gas emissions, ocean

acidification, deforestation (and other forms of
habitat loss or destruction), climate change,
and the introduction of invasive species all work
to reduce biodiversity around the globe.