Process Question:

1.In the case of the Philippines,how much do you think are we involved in the modern world system?
What do you think are the advantage and disadvantage of being a part of such?

-The Philippines is placed in the periphery of the world economy with regards to how much is
involved?as asked in the question as per looking at the assumption the Philippines is greatly involved in
the modern world system.In fact all countries are ,we are being analyze as a third world country because
of this assumption.Our economical ranking all over the world is classified as in edges or in the tail given
that we don't have a strong economy to begin with

Advantage:

We easily are provided aids whenever the economic turmoils

Disadvantage:

Jobs are not available for all only the privileged ones that were able to attend HS/College

or licensed professional

2.How can we "upgrade"our economy given the strength of the global economy especially the

the giant economies like the united States and Japan?

-Some the ways in which we can upgrade our economy,given the strength of the global economy
especially the giant economies like Us and Japan is through investing in the discount and tax breaks for
the middle class will be motivated and will spend more less stressed.

3.How do we economic globalization considering our colonial history?

-We examine economic globalization in light of colonial history by learning and comprehending
the pattern change between closed door mercantile structures,such as colonialism and open-door
economies,in which everyone can trade and do business with anyone else.