Globalization In The Philippines Essay Research Paper

Globalization In The Philippines Essay, Research Paper

Economic Globalization is something that has been with the human race ever since the world has begun. From local to global, we could attribute this to the result of human innovation and technological progress. Globalization from the word global means spreading throughout the world, in other words spreading world-wide. The aims of having a ‘globalized community’ is to have interdependence of the entire world and its people from each other with concern for the rest of the world at the expense of national self-development and self-interests.

Specialists say that globalization refers to the increasing integration of economics around the world, particularly through trade and financial flows. This integration of economics is concerned more on the inclusion of people of all races on an equal basis in a world-wide view of living in a shared global community. But we should also put into consideration that it could also refer to the movement of people from which we could extract labor, knowledge from the ever increasing advancements in science and technology, cultural, political and environmental dimensions of globalization. With globalization in hand, there would be an extension beyond national borders of the same market forces that have operated for centuries at all levels of human economic activity. We could no longer say that economic trade, progress, and chances of one to having to share something with the world is limited to just national and local borders. In globalizing the world, it would mean taking on some risks and chances of either winning or losing in a world where there is more competition in the field of economic growth and progress.

Globalization creates both winners and losers. This is a view shared by many, but not all, theorists and commentators. There are many trends of thought regarding exactly who the winners and losers may be as well as what may be considered a prize or a punishment. An example is that some may sight the availability if McDonalds fast food throughout the Philippines an enrichment and some may see it as an unwelcome and unsavory invasion of what we have as our own, Jollibee. Comparison between these opinions paints an interesting picture of what Globalization is, what certain parties want it to be seen as and what kind of world it could create. Anthony Giddens says “Globalization, some argue, creates a world of winners and losers, a few on the fast track to prosperity, the majority condemned to a life of misery and despair.” This is a view shared by many theorists, however positive Globalists, perhaps naively, claim Globalization will lead to winnings for all and extreme pessimists exist who see ‘Globalization’ as the path to mass ruin and exploitation and as a vague buzzword umbrella from under which Governments may defend unjust or unpopular policies.

But what exactly do we mean by a ‘process of Globalization’ and does it mean the same thing to different people. The statement that I have said in the previous paragraph is a defined and universally accepted reading of the term and yet there are many differing views as to what ‘Globalization’ entails. ‘Globalization’ is a process said to affect several different aspects of the social world, mainly economics both global and local, global and local politics and global and local culture. And these are the things which i would be elaborating more on in this paper.

There are various definitions of what ‘Globalization’ is, and the effect it has on the world. Globalists believe Globalization is a real and evident process. They argue that examples of a significant shift in the geography of social relations can be seen in terms of economics, culture and politics. For example is the effect of the US economy’s down turn had on the share prices of British companies who trade and deal largely within US markets. We can see that international trade and investment has increased in recent years with many companies having bases and influence in many different countries. The most effective of which is through global media participation as what we see in CNN. Culturally we can see everyday examples of what Globalists would call Globalization. In the Philippines, we eat McDonalds and Sushi, wear Issey Miyake perfume, watch Dream Works films and play Sony Playstation games. Though, politically nation states do not hold ultimate power over all policies and all behavior as a whole. Political concerns may have be affected by globalization but not to the same effect as economics would have. Globalization allows the dogged pursuit of free and open trade, where nation boundaries do not stand in the pathway of Capitalism but where, through freer and less rigidly controlled capital and goods traffic, unwanted trades such as illegal drugs are also allowed to prosper freely.

Traditionalists would argue that the term ‘Globalization’ itself is merely a buzzword to describe a process that has occurred throughout history. In particular, they argue, the passage of goods and capital across national boundaries has happened for centuries, bringing with it the spread of different cultures and knowledge. Examples of this can be found like tobacco, paper, religion and medical beliefs and techniques. In the 19th century open trading and liberal economics relations were the norm and ‘Globalization’ can be seen as an expansion of those ideals. Trad