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Globalization in Philippines

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John Michael

on 26 November 2013

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Transcript of Globalization in Philippines

By John Michael Manglallan
Globalizing the Philippines
Brief History of the Philippines
What is Globalization
Pros and Cons of Globalization!
World Trade Organization (WTO) is an organization that helps remove conflicts from other countries by promoting free trade in which it tries to settle trades, end trade disputes, and enforce strict trade laws.
The World Bank and International Monetary Fund were created in July 1944 in United States (New Hampshire, Bretton Woods). Both WB and IMF provides money to developing countries ensuring they have stabled global economy.
Financial Institutions
Problems Associated with Globalization
Through the years the Philippines had already gone through globalization.
The first people to arrive to the Philippines were the Negritos, who are considered the primitive culture of the Malayan tribe.
In 1521 Ferdinand Magellan arrived and claimed the Philippines a part of Spain.
Since Spaniards were heavily armed Filipino rebels could not defeat Spain so the United States arrived to help, in which Spain surrendered Philippines to the U.S. in December 10 1898 (Treaty of Paris)
After Spain was defeated the Philippines was under American rule, later this caused the Philippine-American War which lasted for three years. However, on July 4 1902 the Philippines and the U.S. agreed to a truce.
Definition: the process of trade, communication, and cultural exchange in which it promotes wealth of all nations that increase growth in the economy.
Background of Globalization
Countries all over the world connect to one another in which they trade goods through transportation or communication.
As a result, countries that trade globally form a market, and if companies world wide trade amongst each other they form a new market.
Benefits of Globalization
As money is being invested into a developing country, this can benefit the people of low income
There is a greater access to foreign culture (food, clothing, music, movies, and etc.
Globalization helps increase the demand of products, which makes more jobs available for those unemployed.
Down side of Globalization
There are greater chances of diseases being spread globally when countries trade amongst each other.
People may loose in touch of their cultural identity.
Globalization causes unfair competition because local companies who are against big companies are treated unfairly.
The world bank concentrates more on economic development to reduce poverty in developing countries. For example, the world bank may fund projects that may benefit the people such as: schools, health center, electricity, and water resources.
The IMF provides countries with a strong economy, by funding loans that will design a policy to balance the payment of problems in order for that country to afford the resources needed.
Down side of Financial Institutions
The world bank may fund projects that benefits the people, however, when they fund large-scale projects this can cause harmful effects to the environment.
Although The World Trade Organization promotes free trade there were reports that they often damage the economy of a developing country like Philippines. (causing damage to the labor rights and human rights)
Transnational Corporation (TNCs) will hire the poor in developing countries and exploit them with cheap labor, which is called outsourcing.
In regards to the Transnational Corporation they will place people in the factories or sweat shops and in some cases they will place children in child labor camps, which they are forced to work in unsafe environments where they are also mistreated, neglected, and overworked.
The Philippines is overpopulated with about 90 million people making it difficult for others to find jobs so they have no choice but to work in factories or sweat shops.
Migration in the Philippines
As the population grows in the Philippines, people move out of the country and migrate to another country to find better options there.
In the 1980s the women in the Philippines would advertise themselves as mail-order brides so they can get out of the country and live with their new-found husband. Top main countries that buy mail-order brides are Japan and South Korea.
Conclusion
Financial institutions claim that they can benefit the people; however, these institutions take advantage of developing countries by hiring inexperience people (male, female, or even children) to work in factories or sweatshops just so they can produce cheap goods in which they can make profit in developed nations like the United States.
Question Time!
Work Citations
Child Labour. (2012, May 9). Retrieved March 26, 2013, from Ethical Trading Initiatve : http://www.ethicaltrade.org/in-action/issues/child-labour
Hefti, A. M. (1997). The Philippines: Globalization and Migration. Retrieved March 29, 2013, from http://unpan1.un.org/intradoc/groups/public/documents/APCITY/UNPAN006918.pdf
Hicap, J. M. (n.d.). Filipina Mail-Order Brides Vulnerable to Abuse. Retrieved from The Korea Times Issue: http://www.koreatimes.co.kr/www/news/nation/2009/10/211_53320.html
Ira Hobson, J. (n.d.). The Unseen World of Transnational Corporations’ Powers. Retrieved March 17, 2013, from http://www.neumann.edu/academics/divisions/business/journal/Review_SP06/pdf/transnational_corporations.pdf
Jones, S. (n.d.). What Is Globalization? US Has Supported Globalization For Decades. Retrieved March 2, 2013, from About.com: http://usforeignpolicy.about.com/od/introtoforeignpolicy/a/What-Is-Globalization.htm
Kallie Szczepanski. (n.d.). The Philippines Facts and History. (About.com) Retrieved March 16, 2013, from About.com: http://asianhistory.about.com/od/philippines/p/philippinesprof.htm
Kimberly Amadeo. (n.d.). Trade Agreements and How They Affect the U.S. Economy. Retrieved march 26, 2013, from About.com: http://useconomy.about.com/od/glossary/g/Trade_Agreements.htm
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