Geriq Joeden Perilla The Contemporary World

Bsais1 Quiz 2

According to Wallerstein’s world-systems analysis, to what group does the Philippine

belong? Is his analysis reflective of current Philippine conditions? Explain.
It is said that Wallerstein’s world-systems analysis offers a succinct summary of
world-systems analysis and a clear outline of the modern world-system, describing the
structures of knowledge upon which it is based, its mechanisms, and its future. On
this world system analysis, Philippines belong to the Periphery countries since we
can’t deny the fact that Philippines has lack of strong central government, and we are
still a developing country. We have underdeveloped industries such as in our
agriculture that we have lack of technologies to use in production of goods and
sometimes we depend on core countries for capital. Also in this case we have low skill
labor resulting to intensive and tough production but in cheap labor and exporting it
to core countries for cheaper price for their production and eventually sell it for higher
profit selling.
Why do you think that workers in biggest capitalist country in the world are now
negatively affected by globalization’s policies?
Globalization and the turn to the market have clear benefits for developing countries,
both in terms of aggregate growth and poverty reduction and in terms of mobility and
opportunity for low-income people. Yet new opportunities have come hand-in-hand
with new vulnerabilities. Not surprisingly, public opinion about globalization and
market reforms is mixed. While the street protests in the industrialized countries focus
on the poor, in the developing countries people in the middle strata seem as
vulnerable if not more so and also more negative in assessing their progress with the
turn to the market. That those negative perceptions exist does not mean that a
backlash against globalization is inevitable. At this juncture most publics seem to be
aware that self-imposed isolation from the rest of the world has high costs. Yet
policymakers must address the causes of these negative perceptions, precisely so that
they do not become the source of a backlash. Reducing insecurity and distributing the
benefits of reform more equitably could go a long way toward building broader and
more sustainable support for continuing, market policies. And persuading poor people
in poor countries that opportunities exist will make them much likely to invest in their
children’s education, and therefore in their future in an integrated global economy