This paper discusses globalization and looks at its impacts in the Philippines.
Written in 2008; 2,633 words; 10 sources; MLA; $ 79.95
Paper Summary:
In this article, the writer maintains that the Philippines consists of weak, self-serving state institutions that are ill-suited to the task of managing domestic affairs let alone integrating the Filipino economy with the world economy. The writer discusses that, despite repeated efforts to embrace economic and trade liberalization in order to ride the wave of globalization to increased prosperity, the Philippines has only managed to repeatedly demonstrate the inherent problems at the social, institutional, and bureaucratic levels. The writer concludes that this has been the legacy of globalization in the Philippines: distracting concerted development of the country with promises of significant, if fundamentally uncertain, economic wealth.
From the Paper:
"Why has this been the case? The liberalization of the Filipino economy should have had the effect of encouraging economic growth and propelling the island nation onto an equal footing with some of the more prosperous developing nations in Southeast Asia. Upon closer examination, however, it is apparent that the free market policies of the Philippines have utterly failed to produce the desired goals because they have opened up the nation to the worst effects of globalization, while allowing international trade partners and investors to reap significant benefits at the expense of the Filipino worker. The schism between intention and result is wide in this case, and the Philippines must stand as an example of how globalization can negatively affect a nation.
"The most significant issues affecting how globalization impacted the Phil-ippines are most related to the nature of the Filipino state. The Philippines be-came a nation in 1945 after being a colonial holding of the United States. "
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