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Globalization's Impact on Developing Nations

Globalization is generally beneficial for developing countries by creating opportunities through collaboration. However, the Philippines is currently not well positioned for globalization due to the need to prioritize recovering from the COVID-19 pandemic. Globalization could be risky for the Philippines given its ongoing economic recovery and potential lack of sufficient employees. Overall, globalization is currently a hindrance for the Philippines as recovering from the health crisis should take precedence, and opportunities will emerge once recovery is complete.

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43 views1 page

Globalization's Impact on Developing Nations

Globalization is generally beneficial for developing countries by creating opportunities through collaboration. However, the Philippines is currently not well positioned for globalization due to the need to prioritize recovering from the COVID-19 pandemic. Globalization could be risky for the Philippines given its ongoing economic recovery and potential lack of sufficient employees. Overall, globalization is currently a hindrance for the Philippines as recovering from the health crisis should take precedence, and opportunities will emerge once recovery is complete.

Uploaded by

julsarcillas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

Is Globalization Boon or Bane?

Personally, I think that Globalization is good for a country that is currently developing since it
allows different countries to collaborate in order to create numerous opportunities for its fellow
citizens. It will also derive economic benefits as it produces greater entree of goods and
services, thus our country will be able to build a healthy relationship with different states as
there would be a cycle of income and employment growth. Moreover, globalization amidst the
pandemic would be risky especially to the Philippines for the reason that this country is in the
midst of recovering from the COVID-19 outbreak. With that being said, I think that this state is
not in a situation to afford such prospects as the health of its countrymen should be prioritized
due to the fact that without sufficient employees in the Philippines globalization would probably
impossible to imply since they will not be able to operate on an international scale with
insufficient number of workers. In conclusion to this, globalization is a bane in this country
because of the fact that recovering from the pandemic should be the priority of a state and if a
country recovers, eventually a great number of opportunities will be evident.

Globalization, in my opinion, is beneficial to a growing country because it allows various


countries to work together to provide a wide range of opportunities for their citizens. It will also
improve the economy since it will increase the supply of products and services, allowing our
nation to develop healthy ties with other countries as a result of increased income and
employment. Furthermore, globalization during the pandemic would be perilous, especially for
the Philippines, which is still recuperating from the COVID-19 outbreak.

With the world being crippled by a virus. It anticipates a big economic downturn. There are
some possible race winners and some potential race losers, and different nations are expected
to recover in different locations. It will take longer for fragile communities and economies to
recover from the pandemic's effects, and they will suffer on a number of fronts. In a society
reeling from the pandemic's secondary effects, lockdowns, and declining demand for products
and services, many people's debt will climb beyond acceptable levels, and aid will be difficult to
come by.

As a result, I believe that this country is not in a position to afford such prospects, as the health
of its citizens should be prioritized, because without enough employees in the Philippines,
globalization would be impossible to attain, as they would be unable to operate on a global
scale if our state do not have enough workers. I believe that globalization would play a big role
in recovering our economy but, in our case we are not yet capable of implying this. In conclusion
to this , globalization is a bane in this country since a nation's goal should be to recover from a
pandemic, and if a country recovers, a great number of opportunities will eventually be evident.

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