Table of Contents
What is the negative and positive effect 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.
What are the 5 positive effects of globalization in the Philippines?
Lower Costs for Products. Higher Standards of Living Across the Globe. Access to New Markets. Access to New Talent.
What are the disadvantages of globalization in the Philippines?
Disadvantages of Globalization:
- Not many jobs.
- Hunger and suffering among the lower class.
- The economy is majorly agricultural, so if something happens where crops cannot be grown and produced, the economy might suffer.
What are the effects of globalization in community?
Globalization is associated with rapid and significant human changes. The movements of people from rural to urban areas has accelerated, and the growth of cities in the developing world especially is linked to substandard living for many. Family disruption and social and domestic violence are increasing.
What are positive effects of globalization in the Philippines?
Globalization has had more positive effects than negative effects in the Philippines. Their balance of imports and exports has strengthened their economy. In addition, the surpassing value of imports compared to exports shows that the Philippines receives more resources than they lose.
What are the advantages of globalization in the Philippines?
There are many advantages of globalization in the Philippines – a few of these are: A wider market for Filipino products; wider acknowledgment and understanding of the Philippines and its culture; more becoming available in the Philippines. Benefit one – a wider market for Filipino products. Globalization has meant that products such as food grown or produced in the Philippines have been introduced to a wider market.
What is the economic situation in the Philippines?
The Philippines’ economy is based on food processing; production of cement, iron, and steel; and telecommunications, among others. According to the latest rates by the World Bank, the agricultural sector employed 22.5% of the labour force in 2020 but contributed to 8.8% of GDP in 2019, a share that has been decreasing in recent years.
What is the importance of globalization in a country?
Importance of Globalization. There is no denying that globalization has certainly been a blessing for the modern world. These are some of the reasons why it has become so important in our world today: 1. Better Performing Economies: Economic globalization has led to better-performing economies. International trade has made it possible for many countries to increase their incomes from exports.